Tuesday, 26 May 2015

The Importance of Proper Duct-Cleaning

Regular dryer and duct-cleaning, by trained professionals with proper equipment and in accordance with industry standards, is critical to reducing the risk of dryer fires. The Ontario Fire Marshall suggests that, depending upon usage, the two to three-year mark is the point at which lint build-up in the dryer cabinet and exhaust system becomes significant and can pose safety risks, while also increasing energy consumption.

Source: http://www.mondaq.com/canada/x/371604/real+estate/Monthy+Tips+February+2015

Installation of Carbon Monoxide Detectors

The Fire Protection and Prevention Act, 1997 now mandates the installation of carbon monoxide detectors in all residential buildings that have (i) a fuel burning appliance; (ii) a fireplace; or (iii) a storage garage (i.e. parking garage). If a building has six (6) or more residential suites, carbon monoxide detectors must be installed by October 15, 2015. For buildings with less the six (6) residential units, the date for compliance was April 15, 2015.
The following requirements apply to the installation of carbon monoxide detectors:
  1. For suites with a fuel-burning appliance or a fireplace, a carbon monoxide detector must be installed adjacent to each bedroom in the suite;
  2. If a fuel-burning appliance associated with building services is installed in a building but not within a residential suite, a carbon monoxide detector must be installed adjacent to each bedroom in each suite that has a common wall or a common floor or ceiling assembly with the service room or area where the appliance is installed.
  3. If the building has a garage, a carbon monoxide detector must be installed adjacent to each bedroom in each suite that has a common wall or common floor/ceiling assembly with the garage.
 Source: http://www.mondaq.com/canada/x/371604/real+estate/Monthy+Tips+February+2015

Tuesday, 12 May 2015

Canada Consumer Confidence Touches 3-Month High on Real Estate

The Bloomberg Nanos Canadian Confidence Index rose to 56.2, the highest since January according to the Nanos poll. The 38.5 percent of people expecting higher local home prices was the most this year.
Increasing confidence signals the economy is starting to adjust from last year’s plunge in crude oil prices, which should begin to have positive effects rather than negative in the second half, according to Bank of Canada Governor Stephen Poloz.
The survey showed 34 percent of those asked said the economy will weaken in the next six months. The share of respondents who say they’re worse off in terms of their personal finances compared with a year earlier rose to 26.2 percent, the most since September. Those who feel at least somewhat insecure about their jobs was 13.2 percent, compared with a 12-month average of 11.9 percent.

Source: http://www.bloomberg.com/news/articles/2015-04-27/canada-consumer-confidence-touches-3-month-high-on-real-estate