250-262-7496dan@remaxaction.ca

Dan Petersen

Committed to going the extra mile and ensuring that all of your needs are successfully met in a professional and honest manner. For Service and Commitment, let me help guide you with your next purchase or sale.

 

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Sellers Are Coming

Exciting news ahead for homebuyers, sellers, and investors; it's time to seize the moment! Here are three reasons why the influx of sellers turning 65 over the next 2 years is a positive thing:

Increased Inventory: We'll see a boost in housing inventory, providing buyers with more options to find their dream home.

Diverse Buyer Pool: As cash-flush retirees enter the market, they'll not only be selling homes but also looking to downsize, upgrade, or invest. This diversity in buyer preferences will create a dynamic marketplace catering to a range of needs and desires.

Market Stimulus: The surge of retirement-age sellers will inject vitality into the real estate market, driving both supply and demand. This activity stimulates economic growth, fosters community development, and strengthens the overall health of our local housing market.

Together, let's navigate this dynamic landscape and turn your real estate goals into reality. Reach out today to embark on your journey with confidence!

Dan Petersen⁠
Re/Max Action Realty LTD.⁠
(250) 262-7496⁠
dan@remaxaction.ca

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Curb Appeal Matters | Top 5 Tips For Summer

As the famous saying goes, don’t judge a book by its cover – except, of course, when we’re talking about real estate. When buyers are hunting for their dream home, curb appeal can be the deciding factor on whether or not they want to take a closer look inside. Here are five curb appeal tips to set your listing apart from the others on the block.

Improve Your Curb Appeal | 5 Easy Tips to Get Started

Start with the Basics

One of the first things potential buyers will see is your driveway, and it is one of the easiest things for you to fix. Ensure your garbage and recycling bins are always neat and tidy, and keep an eye out for garbage and debris that you can easily clean up as it appears. Look for cracks in the sidewalk and driveway, and hire a professional to fix them up so guests will be impressed as soon as they step out of their car.

Be the Light in Their Eye

From taking the perfect selfie to making your home brighter, we can all agree that lighting is important. Not only should you ensure all light bulbs are working correctly, but make sure that your lighting fixtures are clean, stylish, and in good condition. If you have it in the budget, updating your light fixtures can have a large impact on your curb appeal.

Groom the Gardens

Not everyone has a green thumb, but even if your gardens aren’t the envy of the neighbourhood, you can still ensure they are clean and well maintained. Overgrown flowers and shrubs can be unappealing and turn away potential buyers, and taking care of them is simple. All you will need is a pair of garden shears and a little elbow grease and your yard will be in tiptop shape in no time!

Give the Lawn a Trim

There is nothing like an unkempt lawn to turn away buyers! Tending to your lawn is important whether you’re selling or not, but ensuring your grass is healthy and regularly cut will be a big key to your success. If you’re lawn isn’t quite as green as you would like it, you can also spray your lawn with a green spray paint that is created specifically for grass and is both non-toxic and environmentally friendly.

Clear the Dirt!

Over time, your home can build up a fine layer of dirt. Fortunately, it is easy enough to clear it off! Whether it’s a pressure washer or the strongest setting on your garden house, clearing off that extra dirt is an easy task for a lazy summer afternoon in the sun! Start with the sidings of your home, and from there take it to the sidewalks, driveway, and anything else that could use a bit of freshening up.

The best part about summer curb appeal is it doesn’t need to be an annoying task you put off for weeks. Wait for a weekend where the sun is shining bright and the air is warm, and start checking these items off your list. With the beautiful weather and a cold glass of lemonade you will have the best curb appeal on the block in no time at all!

Curious what your home is worth? Connect with me for a complimentary market evaluation!

Dan Petersen⁠
Re/Max Action
(250) 262-7496⁠
dan@remaxaction.ca⁠

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Finding Positivity In Today's Real Estate Market

I am sharing with you some well-researched facts about the “real state” of the real estate market. Of course, all real estate is local — what happens in other areas can be quite different. Please always know you can contact me anytime with your questions and I will get those answers for you.

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Discover the Magic of a Minimalistic Coat Closet

Discover the magic of a minimalistic coat closet with these 5 quick facts:

1. Streamlined essentials: Embrace minimalism by curating a collection of versatile coats that cover your needs.

2. Clever storage solutions: Optimize your space with efficient hangers, hooks, and shelving, maximizing every inch.

3. Seasonal rotation: Practice a seasonal approach by storing off-season coats elsewhere, keeping your closet clutter-free.

4. Capsule wardrobe bliss: Create a capsule wardrobe of timeless and functional coats that effortlessly elevate any outfit.

5. Mindful maintenance: Regularly assess your coats, donate or sell ones that no longer serve you, and keep the closet tidy.

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Child-Friendly Home Renovations

As any parent knows, having kids means making sure your home is a safe and comfortable place for them to play, explore, and grow. But small renovations are a great place to start if you want to go beyond the basics of childproofing and creating a genuinely family-friendly space. Here area few simple yet effective child-friendly home renovations.

Install Carpet: carpet can be a great way to make a home more child friendly. Carpet provides a soft and comfortable surface for children to play on and is safer than hardwood or laminate floors, as it reduces the risk of slipping and falling. When selecting carpet for your home, consider using softer materials such as nylon or wool that are more comfortable for crawling and playtime. Also, be sure to choose carpets with a low pile that won’t trap crumbs or pet hair. A low-pile carpet also makes it easier to clean up spills and messes. If you are concerned about allergies, look for carpets with hypoallergenic properties.

Invest in Sturdy Furniture: when it comes to child-friendly home renovations, investing in sturdy furniture is essential. Kids are curious and full of energy, and their furniture needs to be able to handle that. Look for pieces made from durable materials like wood, metal, or plastic that won’t easily break when your little ones are playing. Choose furniture with rounded edges, so there are no sharp corners to injure them. Ensure any upholstered pieces have tightly woven fabric that won’t rip or snag easily. For more budget-friendly options, consider pieces that can grow with your kids, such as adjustable-height desks and chairs. These will last years and save you money in the long run. Finally, look for pieces that are easy to clean and maintain to make it simpler for you when accidents do happen.

Install Padding on Sharp Corners: sharp corners can be dangerous for curious toddlers just learning to crawl and explore their environment. To ensure the safety of your little ones, consider adding padding to sharp corners in your home. This can easily be done by purchasing corner protectors or creating homemade solutions. Corner protectors come in a variety of shapes, sizes and colours, so it’s easy to find something that fits your style. You can also make your own with felt, foam rubber or even cardboard! Simply measure the size of your corner and cut the material to size, then attach it with glue or double-sided tape. This is an inexpensive and easy way to make sure your little ones stay safe from sharp corners.

Install Baby Gates: baby gates are essential for protecting your child from hazards and keeping them from accessing areas that may be off-limits. Installing baby gates can be a great way to add an extra layer of safety and security to your home. When it comes to installing baby gates, you’ll want to look for ones that are easy to use, adjustable, and sturdy enough to provide a secure barrier for your little one. There are a variety of different styles available, so you’ll need to decide which one is best suited for your particular needs. If you have stairs in your home, you’ll want to make sure you invest in a gate designed specifically for stairways. These gates have special features designed to keep your little one safe and away from stairs. You’ll also want to consider any gaps or doorways you may need to block off and get the right type of gate for each area. Once you’ve installed the gate, take a moment to double-check that it’s secure and safe for your child. If you have any questions or concerns about installing baby gates, consult a professional to ensure you’re doing it correctly. With the right gate installed in the right places, your home will be much safer and more secure for your little one.

Add Storage: creating a child-friendly home often requires making changes that may seem small but can make a big difference. Adding storage is an integral part of ensuring that your home is safe and comfortable for your children. Storage can help keep toys, books, and other items organized and out of the way, making it easier for your children to find what they need and for you to keep track of things. Storage options range from large built-in cabinets and shelves to smaller bins or toy boxes. Smaller options like baskets and crates can also work well if you don’t have room for large built-in storage. When selecting storage solutions, look for durable items that will stand up to everyday use by your children. If you have small children, avoid storage with small pieces that could be choking hazards and opt for storage with smooth edges and rounded corners instead. Adding storage to your home can make a big difference in creating a safe and comfortable environment for your children. With careful selection of the right storage solutions, you can ensure that your home is both child-friendly and organized.

Install Cabinet Locks: installing cabinet locks is an essential step to making your home safe and secure for children. These locks will prevent children from accessing potentially dangerous items in cabinets, drawers, and other storage areas around the house. Cabinet locks come in a variety of styles, so it is essential to consider which option is best for your home.

From adding safety features to updating the look and feel of your home, these small renovations can have a big impact on the comfort and safety of your family.

P.S. If you’re ready to tackle some bigger renovations, don’t hesitate to reach out. I'm happy to provide recommendations to trusted professionals who can take on anything from mechanical to electrical, to plumbing.

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What's Great About Living in Fort St. John

Fort St. John is a city located in northeastern British Columbia, Canada. Here are some potential benefits to living in Fort St. John:

Natural beauty: Fort St. John is located in a beautiful natural setting, with the Rocky Mountains to the east and the Peace River to the north. This makes it a great place for outdoor activities like hiking, skiing, and fishing.

Growing economy: The city's economy is driven by the natural resource sector, including oil and gas, forestry, and agriculture. This has led to a strong job market and good salaries for many workers.

Affordable housing: Compared to some other Canadian cities, housing in Fort St. John can be relatively affordable, which can be a draw for people looking to buy a home.

Community spirit: Fort St. John has a strong sense of community, with events and festivals throughout the year that bring people together. This can make it a welcoming place for newcomers.

Access to amenities: Despite its remote location, Fort St. John has many amenities that you might expect to find in a larger city, including shopping centers, restaurants, and cultural facilities.

Overall, living in Fort St. John can offer a combination of natural beauty, economic opportunities, and community spirit that may be appealing to some people. What do you love about living in Fort St. John

Are you considering a move? Whether you're buying or selling, don't navigate the complex real estate market alone - reach out to me for expert guidance and a winning plan!

Reposted with @withrepost
Photo by @fsjcity

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Before heading into the long weekend...
Before heading into the long weekend I want to say a massive THANK YOU to the most incredible clients in Fort St. John!


The year has had a good start and as we approach the Spring market, I can feel it getting busier. You deserve the best experience and being prepared prior to listing will help keep you ahead of the curve when the Spring market arrives.

What’s in it for you?
- A Client-First Experience
- Professional Photography, Videography & 3D Experience
- Refined Listing & Marketing Strategy
- Systems to keep you updated & in charge

When you’re ready, call/text (250) 262-7496⁠, or email dan@remaxaction.ca⁠⁠⁠. I love to help!
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Real Estate Trends in 2023
The real estate market has changed so much over the past 2 years and continues to do so! This month I am sharing details on some of the interesting trends we are seeing for 2023.

If you have any questions on these or any other real estate-related concerns, please feel free to reach out to me. I’ll be happy to help you out!

Dan Petersen⁠
Re/Max Action Realty LTD.⁠
(250) 262-7496⁠
dan@remaxaction.ca
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The RE/MAX 2023 Canada Housing Barometer Report

"The RE/MAX 2023 Canada Housing Barometer Report examined average price and new mortgage values published by CMHC-Equifax Canada in 12 major markets from British Columbia to New Brunswick, to compare loan-to-value (LTV) ratios between Q3 2012 and Q3 2022.

The report found that LTV ratios had declined in 67% of markets (8) over the past decade, with the greatest drops noted in London and Moncton (21%), Halifax (15%), Hamilton (14%), Toronto (10%) and Ottawa-Gatineau (9%). 4 markets, including Calgary, Edmonton, Saskatoon, and Regina, were up over 2012 levels, a trend that is set to reverse in the years ahead as Alberta and Saskatchewan’s economic engines gain momentum and drive home-buying activity.

The lowest loan-to-value ratios were found in the most expensive markets, including Vancouver (50%), Toronto (53%), and Hamilton (54%) while the highest loan-to-value ratios were found in Regina (88%) and Edmonton (83%). Nationally, loan-to-value ratios hovered at 57%."

Dan Petersen⁠
Re/Max Action Realty LTD.⁠
(250) 262-7496⁠
dan@remaxaction.ca⁠

Read More | Canada Housing Market Risk Low, Despite Short-Term Contraction | Re/Max

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BC's Cooling Off Period | Home Buyer Rescission Period
B.C.’s Cooling-Off Period⁠

Home buyers are now able to back out of a residential purchase within a set period after signing a contract thanks to BC’s new Home Buyer Rescission Period, also known as the “cooling-off period.” This change to real estate law was done so by the government of BC to help ‘cool off’ the market and the speed of decision making. Taking effect on January 1, 2023, it regulates all residential real estate, with few exceptions, regardless of whether a licensed real estate representative is involved in the transaction.⁠

Home Buyer Rescission Period⁠

Home buyers can choose to rescind a contract within 3 business days after the final acceptance of a firm and binding offer. It applies to all contracts, regardless of subjects, and cannot be waived by either the seller, buyer, or their representatives. Home buyers can legally withdraw from the firm and binding offer in exchange for a fee of 0.25% of the purchase price. ⁠ ⁠

If you have any questions about the new regulations, I encourage you to contact me as I would be happy to walk you through the new regulation and its implications for buying and selling.⁠

Dan Petersen⁠
Re/Max Action Realty LTD.⁠
(250) 262-7496⁠
dan@remaxaction.ca⁠

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January 2023 - Bank of Canada Rate Announcement

The target for the overnight rate increased to 4.5%, with the Bank Rate at 4.75% and the deposit rate at 4.5%. Quantitative tightening will continue. Inflation remains high and broadly based globally, but is trending down in several countries, reflecting lower energy prices and improvements to supply chains.

In the US and Europe, slowing economies are proving to be more resilient than at the time of the Bank’s October Monetary Policy Report (MPR). China’s lifting of COVID-19 restrictions revised the growth forecast and poses an upside risk to commodity prices. Russia’s war on Ukraine is still a source of uncertainty and financial conditions remain restrictive. The Canadian dollar has been relatively stable against the US dollar.

It’s estimated that the global economy grew about 3.5% in 2022, but will slow to about 2% in 2023 and then grow to 2.5% in 2024. Economic growth in Canada is stronger and the economy remains in excess demand. The labour market is tight as the unemployment rate is near historic lows. Businesses, however, are reporting ongoing difficulty finding workers. There’s evidence that the restrictive monetary policy is slowing activity, especially household spending. Services and business investments are expected too slow in addition to weaker foreign demand helping to allow supply to catch up with demand.

It’s estimated that Canada’s economy grew by 3.6% in 2022 but is expected to stall through to the middle of 2023, and then picking up again later in the year. GDP is expected to grow 1% in 2023 and 2% in 2024. Inflation has declined from 8.1% in June to 6.3% in December, reflecting lower gasoline prices and durable goods. 

Canadians are still feeling the hardship of high inflation in their essential household expenses, with persistent price increases for food and shelter. Short-term inflation is expected to remain elevated but inflation is projected to come down significantly this year.

Governing Council decided to increase the policy interest rate by a further 25 basis points. Governing Council is prepared to increase the policy rate further if needed to return inflation to the 2% target, and remains resolute in its commitment to restoring price stability for Canadians.

Reach out with your questions in regards to how this impacts your home buying or selling decision.

Dan Petersen⁠

Re/Max Action Realty LTD.⁠
(250) 262-7496⁠
dan@remaxaction.ca⁠

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December 2022 - CREA Canadian Housing Market Snapshot

“The bulk of the downward adjustment to sales reacting to the sharp rise in borrowing costs may be in the rearview mirror,” says Shaun Cathcart, CREA’s Senior Economist, as home sales were up 1.3% on a month-over-month basis in December 2022.

Wondering how this impacts your home buying or selling decision? Are you interested in moving out of the province? Connect with me to discuss your options and for a trusted referral.⁠

Dan Petersen⁠
Re/Max Action Realty LTD.⁠
(250) 262-7496⁠
dan@remaxaction.ca⁠

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Fort St. John Property Sales Down in 2022
"Real estate sales plunged 26% in Fort St. John in 2022, but average selling price of a single-family home saw a modest increase from 2021, according to year-end numbers from the BC Northern Real Estate Board. A total of 632 properties changed hands in Fort St. John last year, down 26% from the 796 properties sold in 2021."

| Read More | Matt Preprost | Alaska Highway News
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Bigger B.C. Tax Credits May Land in Your Bank Account This Month
A family with 2021 net adjusted income of less than $43,051 (or single people who reported less than $36,901) will receive an additional $164 per adult (from $48.38) and $41 per child (from $14.13).
The extra credit is gradually reduced to 0 once the income threshold reaches $150,051 for a family of two, or $79,376 for an individual (family thresholds move up and down with more or fewer children and are lowered for single parents).
 
85% of British Columbians will automatically receive a full or partial credit deposited in their bank accounts on January 13th, 2023.
 
Read More | Graeme Wood | Alaska Highway News
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Property Assessment Prices Up in Peace Region
Assessments for nearly 250,000 properties in northern British Columbia have been sent out, and most of the Peace River region has seen a price increase. BC Assessment said most places in northern British Columbia saw an increase in typical assigned value of four to 20%. These new assessments are based on the market value on July 1st, 2022.
 
| Read More | Katherine Caddel | Energetic City
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Fun Winter Crafts For Kids
Here are some fun ideas for kids’ winter crafts projects. They are great ways for the little ones to use their imaginations and create items that can be displayed or given as gifts.
 
Pass these ideas on to your family and friends who have kids, too. They will appreciate it!
 
Dan Petersen⁠
Re/Max Action Realty LTD.⁠
(250) 262-7496⁠
dan@remaxaction.ca⁠
 
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December 2022 - Bank Of Canada Rate Announcement

The Bank of Canada today increased its target for the overnight rate to 4.25%, with the Bank Rate at 4.5% and the deposit rate at 4.25%. The Bank is also continuing its policy of quantitative tightening.⁠

Inflation around the world remains high and broadly based. Global economic growth is slowing, although it is proving more resilient than was expected at the time of the October Monetary Policy Report (MPR).

In Canada, GDP growth in the 3rd quarter was stronger than expected, and the economy continued to operate in excess demand. Canada’s labor market remains tight, with unemployment near historic lows.

While commodity exports have been strong, there is growing evidence that tighter monetary policy is restraining domestic demand: consumption moderated in the third quarter, and housing market activity continues to decline. ⁠

Overall, the data since the October MPR support the Bank’s outlook that growth will essentially stall through the end of this year and the first half of next year.⁠

CPI inflation remained at 6.9% in October, with many of the goods and services Canadians regularly buy showing large price increases. Measures of core inflation remain around 5%. ⁠

Looking ahead, Governing Council will be considering whether the policy interest rate needs to rise further to bring supply and demand back into balance and return inflation to target. ⁠

Quantitative tightening is complementing increases in the policy rate. We are resolute in our commitment to achieving the 2% inflation target and restoring price stability for Canadians.⁠

Dan Petersen⁠
Re/Max Action Realty LTD.⁠
(250) 262-7496⁠
dan@remaxaction.ca⁠

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October 2022- CREA Housing Market Snapshot

“Sales actually popped up from September to October, and the decline in prices on a month-to-month basis got smaller for the fourth month in a row,” says CREA’s Senior Economist, Shaun Cathcart.

Wondering how this impacts your home buying or selling decision? Are you interested in moving out of the province? Connect with me to discuss your options and for a trusted referral.⁠

Dan Petersen⁠
Re/Max Action Realty LTD.⁠
(250) 262-7496⁠
dan@remaxaction.ca⁠

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