Editorials – Page 2 – Cape Breton Real Estate

The Evolution of Real Estate: A Journey Through Time

By Sherry MacLeod Managing Broker Cape Breton Realty As a real estate professional who began my career in the early 90s, I have witnessed a remarkable transformation in the industry over the past three decades. The changes in practices, technology, and regulations have reshaped how we buy and sell homes. What once felt like a straightforward process has evolved into a complex maze of paperwork and digital interactions. In the early 90s, a typical listing contract was a concise one-page document. Fast forward to 2024, and the same contract now spans no less than 14 pages. This increase is not merely a product of bureaucracy; it reflects the growing complexity of the real estate landscape. Today, a listing agreement includes detailed brokerage agreements, agency disclosures, and vital information about leased equipment. Additionally, we must complete the Fintrac paperwork, which adds another four pages to the mix. In total, a seller may find themselves navigating at least 18 pages of documentation just to list their property for sale. When it came to making an offer, the simplicity of a one-page agreement has been replaced with a multi-step process that involves various forms. Buyers must be educated about agency relationships, their identities

The Role of Technology in Real Estate: Transforming the Cape Breton Market By Sherry MacLeod managing broker Cape Breton Realty

In recent years, technology has revolutionized nearly every aspect of our lives, and the real estate industry is no exception. As a Realtor in Cape Breton, I have witnessed firsthand how advancements in technology have transformed the way properties are bought and sold. From virtual tours to social media marketing, technology has streamlined processes and enhanced the overall experience for buyers and sellers alike. One of the most significant advancements is the ability to conduct virtual tours and 3D walkthroughs of properties. These immersive experiences allow potential buyers to explore homes from the comfort of their own living rooms, making it easier to narrow down their options before scheduling in-person visits. For sellers, this means their property can reach a wider audience, attracting out-of-town buyers who may not have the ability to visit in person. In Cape Breton, where stunning landscapes and unique properties abound, virtual tours can showcase the beauty of a home and its surroundings, increasing the likelihood of a sale. Gone are the days when buyers relied solely on newspaper ads or word-of-mouth to find available properties. Today, online listings have become the primary source of information for homebuyers. Websites like Realtor.ca and local real estate platforms

Stand Out in a Competitive Market: Prepare Your Home for Success

By Sherry MacLeod Managing Broker Cape Breton Realty In a more balanced real estate market in Cape Breton and North Eastern Nova Scotia, where time on the market is longer and inventory is increasing, sellers are seeking ways to gain an advantage. As prices continue to rise, it becomes essential for sellers to make their properties stand out from the rest. The key lies in thorough preparation for the market. One crucial aspect that sellers should focus on is getting their property ready for photos and videos. In today’s digital age, where first impressions are often made online, the visual presentation of a home can significantly impact its appeal to potential buyers. Professional photography plays a vital role in showcasing the property in the best light, drawing in viewers and enticing them to explore further. Equally important is staging the home for photos and videos. By highlighting the property’s best features and creating an inviting atmosphere, sellers can capture the attention of prospective buyers. From decluttering and arranging furniture to enhancing curb appeal, staging sets the stage for a visually appealing presentation that resonates with viewers. Virtual tours and video walkthroughs have also become increasingly popular in real estate marketing.

Navigating the Shifting Real Estate Market in Cape Breton and North East Nova Scotia

By Sherry MacLeod Managing Broker of Cape Breton Realty Our market in Cape Breton and North East Nova Scotia is closely tied to the dynamics of the Toronto, Ontario, and Alberta markets, as many of our buyers originate from these regions. However, we are also witnessing a resurgence of European buyers, adding another layer to our market’s complexity. The political climate in the US, combined with ongoing conflicts in the Middle East and Ukraine, further impacts our market. These global uncertainties are driving a few more buyers into our marketplace, as Nova Scotia is seen as a safe place to live and a good investment. Immigration is another contributing factor. As summer shines upon us, the real estate market in Cape Breton and North East Nova Scotia, much like the weather, has its fluctuations. Recently, we’ve seen a notable shift, with home sales in the Greater Toronto Area (GTA) down by 16% year-over-year, despite an interest rate cut. The average selling price has dipped by 1.6%, settling at $1,162,167, according to the Toronto Regional Real Estate Board. Interestingly, this trend isn’t isolated to Toronto. Calgary has also experienced a decline in home sales this June. However, the Calgary Real Estate

Insight into the Canadian Real Estate Market

Written by Sherry MacLeod, Managing Broker of Cape Breton Realty As a seasoned Realtor with over 30 years of experience, I am currently serving as the managing broker at Cape Breton Realty. In this article, I will provide insights into the recent developments in the Canadian banking sector and their potential impact on the real estate market. This week, the Bank of Canada made the decision to decrease its interest rate by 0.25%, with forecasts suggesting another reduction to 4.5% next month. This move aims to provide relief to homeowners whose mortgages are up for renewal in the next 1-2 years. The rate reduction from 5% to 4.75% last week and the expected further reduction to 4.5% next month can help alleviate some of the concerns surrounding increased mortgage payments. Fluctuations in interest rates often have a ripple effect across both Canada and the US, given their close economic ties. While forecasters and economists do not anticipate a significant increase in real estate prices due to a reduction of 0.25% or 0.50% in interest rates, it is expected to attract some buyers who have been waiting on the sidelines. The decrease in interest rates in Canada compared to the United

Glenna’s 10th Anniversary

Courtney Giacomini 1 Year Anniversary

Cape Breton: A Real Gem in the Real Estate Market

Cape Breton, Nova Scotia, is a captivating island paradise waiting to be discovered. Renowned for its stunning landscapes, from rugged coastlines to lush forests, it’s a haven for nature lovers and outdoor enthusiasts. Its vibrant culture, deeply influenced by Gaelic, Acadian, and Aboriginal heritage, is palpable in traditional Celtic music, lively ceilidhs, and diverse art scene. The tight-knit community welcomes newcomers with open arms, offering numerous opportunities for socialization and volunteer work. Cape Breton also boasts affordable living, with housing prices significantly lower than larger urban centers. The island’s relaxed atmosphere provides an exceptional work-life balance, encouraging exploration, seafood feasting, and serene relaxation amid its natural beauty. Come to Cape Breton and live the idyllic life you’ve dreamed of in this tranquil yet dynamic haven. Send a Referral NEW OFFERINGS 9769 Grenville StreetSt. Peter’s, Nova Scotia $499,000. CADMLS 202407981 Own a piece of history! Stunning four-bedroom former nuns’ home, built in 1891, with ocean views in St. Peters. Elegant charm, original details, and modern comforts. Secluded on two acres with mature gardens and barn. Conveniently close to amenities. For more info please click on photo 8268 Highway 19Port Hood, Nova Scotia $399,900. CADMLS 202408874 Discover coastal living at its finest! This stunning

Photo Checklist 2024

Preparing for Real Estate Photography My goal is to photograph your home with the highest quality that will attract buyers. To ensure your photo shoot goes smoothly and safely, I’ve put together this preparation checklist of things you should do prior to your scheduled shoot. Following this pre-shoot checklist will help ensure that your home is photographed quickly, efficiently, and with the best possible results. Kitchen – Clean countertops of food, dish racks, paper towel rolls and other items. – A few small appliances, fruit bowls, plants etc. can remain. – Remove all items off the fridge (magnets, pictures, schedules), clear the top. – Make sure the sink is clean and free of dishes. – Remove dish and hand soap bottles, dish cloths and rags, hide scrub sponges. – Put away garbage bins, brooms, mops and cleaning products. – Add a bowl of fresh fruit or a vase of flowers. – Remove calendars as they can date a listing. – Ensure all cupboards and drawers are closed properly. Bathrooms – Clear countertops of all toothbrushes, toothpaste, soap, razors, personal items. – Clean mirrors. – Remove shampoo, soap bottles, squeegees from showers. – Remove scales, mats, laundry baskets, trash cans. –

Unlocking the True Value of Your Home: Surprising Features That Can Make or Break It

By Sherry MacLeod Managing Broker/Cape Breton Realty When it comes to determining the value of a home, many homeowners believe that having unique features automatically guarantees a higher price. However, it is essential to understand that certain factors can either add or detract from a home’s value. In this editorial, we will delve into surprising aspects that can make or break the value of your home, providing valuable insights for homeowners seeking to maximize their property’s worth. Luxury homes with spacious yards, and swimming pools can indeed add significant value. A pool with special features, such as an attached hot tub, a mesmerizing waterfall, a unique shape, or exquisite mosaic tiles, can elevate the allure of a high-end home. However, it is crucial to note that a pool’s value is contingent upon its good condition and proper maintenance. While swimming pools can be desirable, they can also consume a substantial portion of yard space and entail ongoing expenses. If a pool is in need of extensive repairs, it can negatively impact the property’s value. Additionally, some potential buyers may be deterred by the added maintenance and costs associated with owning a pool, particularly families with young children who prioritize safety

Introducing Dawn Coady

Introducing Dawn Coady: Culinary Expert and Retail Guru Joins Our Team! We are excited to welcome Dawn Coady to Cape Breton Realty! With a diverse career in the food and beverage industry and retail, Dawn brings invaluable expertise and a genuine passion for excellence. She has a background in hospitality and customer service, and her experience as a Program Assistant for Culinary Arts at the Nova Scotia Community College showcases her commitment to education and development. Dawn’s retail experience, including her time at the renowned Outdoor Store, has further enhanced her skills in personalized service and building connections with clients. With her unique blend of culinary expertise and retail acumen, Dawn is a valuable asset to our agency and clients. Residing in the beautiful Margaree River Valley, Dawn has a deep appreciation for Cape Breton’s charm and a keen understanding of the local real estate market. Whether you’re buying, selling, or investing, Dawn’s passion, professionalism, and dedication to client satisfaction ensure a seamless and rewarding experience. Please join us in welcoming Dawn Coady to our team, as her expertise and enthusiasm will elevate our level of service and benefit our valued clients and community. Contact Dawn at 902-295-0486 or email

Realtor’s Perspective: Addressing the Housing Crisis in Nova Scotia

By Sherry MacLeod Managing Broker of Cape Breton Realty As a Realtor, I believe our profession needs to be more actively involved in addressing the housing crisis. Canada Mortgage and Housing Corporation (CMHC) has issued a concerning revelation: Canada needs to more than double its housing construction over the next several years to address the pressing housing shortage. This nationwide challenge demands a collaborative and innovative approach from all levels of government, industry stakeholders, and community members to drive meaningful change and create sustainable solutions. At the provincial level, Nova Scotia has taken proactive steps to address the housing shortage and attract skilled tradespeople to the region. The province offers incentives to encourage tradespeople to move here, recognizing the vital role they play in addressing the housing crisis. These incentives not only aim to attract skilled workers but also contribute to the growth and sustainability of the local workforce, fostering a vibrant and dynamic community. Furthermore, Nova Scotia has introduced up to $40,000 incentive for building granny suites, providing an opportunity for homeowners to create additional housing units and contribute to the expansion of affordable housing options. This initiative not only addresses the housing shortage but also supports multi-generational living

Specializing in Cape Breton Real Estate!