Trusted Tips and Resources

Trusted Tips & Resources

Trusted Regina welcomes it newest Trusted Partner Regina Battery Depot to the directory!

The Trusted Regina community are proud to welcome our newest Regina partner on the Trusted Regina directory Regina Battery Depot is your Trusted Regina battery store! 

You may know their sign but we want you to know how excellent it is inside this long-standing Regina battery business.

Regina Battery Depot is your Trusted Regina Battery Expert!  


You will find them listed under the Regina specialty retail category on the TrustedRegina directory or you can simply use our simple search tool and search ' BATTERY'. 

Why did we put them under specialty retail? Because they sell so much more than just Automotive batteries!

After four decades of energizing the rapidly evolving world of electronics, one thing has always stayed the same about the Regina Battery Depot: they are able to provide almost any type of battery a customer can imagine; from automotive to commercial, from hearing aids to digital cameras, from alkaline to rechargeable, they carry a battery for virtually anything. If they do not carry the battery, or they can’t rebuild it, they will do their best to source it for their customer. 

When putting them through the Trusted Regina verification process we quickly found out how great their service is. We personally telephone survey many of the applicant's past customers and in this case, every one of the people we spoke to gave them 10/10!!  

Here is what some of their customers had to say to our local team:

"Love these guys! Always have a battery for whatever I need - whether it is a remote starter for my vehicle or a watch battery.  They even take out the old battery, test it, then put in the new one. My place to go for all my battery needs." Pauline Relkey


"Their Customer Service is outstanding will be a customer for a long time" Gary Winslow.

Not sure 25+ people is enough? Check out their 80 Google reviews or the many others around the web...such as their customer below... 

"I went on what was probably the busiest day in years. -40 temps killed tons of batteries including my own. It was lined up right to the door 4 or 5 wide... it was like a black Friday sale at visions there was so many people. But I didn't have to wait too long and you can bet they had my battery" Marcus


The Regina Battery Depot has literally decades of helping the people of Regina and surrounding area!  Originally opened in March of 1971 in a small shop on Winnipeg Street. The business has remained on Winnipeg Street since then, but not always in the same location. In 1974 they moved down the block and in 1991, they moved again to their current location, right across the street.  

To find out more about them and their products check them out Regina Battery Depot is your Trusted Regina Battery Expert!  



Electric Fireplace Benefits From Trusted Regina Fireplace store Wheatland Fireplace Kitchen & Bath


Wheatland Fireplace, Kitchen & Bath are successful for a reason!  This really is where your outdoor living and indoor fireplace, bathroom & kitchen dreams meet in spectacular surroundings! 

Visit their website or stop by their warm, stunning and friendly Regina showroom! You will feel the warmth and comfort of their amazing selection of fireplaces and more! Wheatland Fireplace Kitchen and Bath are a Trusted Regina Fireplace store.  In their latest tip, they share some great benefits of electric fireplaces! 

Check out their range of electric fireplaces on Wheatland's their website here : 


The Benefits Of An Electric Fireplace


Electric Fireplaces are Energy Efficient Low-Maintenance & Safe

If you’re concerned about the safety of fireplaces, an electric model is for you. Electric fireplaces remain cool to the touch, which is great for homes with curious children. They also can be run on a timer, meaning you don’t have to worry about shutting them off before leaving the house. 
Resale Value

Many homeowners think that installing and maintaining a fireplace is an unaffordable luxury. What if you could get warmth and comfort on a budget? Installation and operation of an electric fireplace cost a fraction of wood-burning and gas alternatives. Read on to find out why an electric fireplace is a  perfect option for your home.

There are two main types of electric fireplaces: plug-in inserts and built-in inserts. Neither of these options requires any certification, and the installation process is typically quick, cheap and easy. 

These plug into standard outlets and are typically installed into a pre-existing mantel or mounted on a wall. As long as you have an outlet within range of your installation site. If not, an electrician can install one in no time. If you go with a wall mounted option, a handyman can mount it safely.



These can be built into a mantel, an entertainment centre, or the wall. This option can heat a larger area and typically offers a sleeker look but is more expensive. A high-end built-in unit will cost between 800 and 900 dollars, which is still significantly less than wood and gas alternatives. To install a built-in fireplace, you’ll need the help of an electrician. A general contractor can also design a more complex wall unit for your fireplace, which we recommend if you plan on making it the focal point of your room.


Electric fireplaces are also a great way to lower your heating costs through supplemental heating. You can use electric fireplaces to heat specific high-traffic areas of your home without engaging your central heating system. This means come winter, you can turn down your thermostat and instead turn up your fireplace. A built-in model can heat an area of 800 square feet, and only costs between 7 and 13 cents per hour when running.


One of the best things about an electric model is that they don’t produce soot, ash, or fumes, meaning they don’t require ventilation. This makes them safer and they require significantly less maintenance than real or gas-burning fireplaces. An electric fireplace is also less susceptible to rust and can go a decade without repair. That being said, make sure you have the proper electrical setup and be sure to have it inspected regularly by a seasoned electrician or home inspector.    


What many homeowners don’t realize is that fireplaces are high up on potential buyers’ wish lists. Though most buyers prefer a wood-burning or gas model, a well placed and high-quality electric fireplace is also valuable. Considering the low cost of purchase and installation, there is ample opportunity for a relatively high ROI when your home goes on the market.    

As you can see, electric fireplaces are the best option for anyone who wants to maximize style and savings and minimize  risk. With tons of models on the market, we’re positive you’ll be able to find a stylish option  perfect for your home. If you act fast, you can have your fireplace up and running before the real winter hits.


Check out their listing hereWheatland Fireplace is your Trusted Regina Fireplace store and much much more!


Trusted Regina Real Estate Lawyer Robert MacKay asks: Do you know what kind of mortgage you have?

MacKay & McLean provides the professional services of a large Regina law firm, with the intimate attention of a small firm. The legal process can be daunting and overwhelming, but it doesn't have to be. MacKay & McLean is with you every step of the way.

MacKay &  McLean are TRUSTED REGINA LAWYERS

When looking to buy, sell, or refinance a property, you need to hire somebody who is not a stranger to addressing the real estate needs of individuals and families. 

What an exciting time – the old house is sold, the new one is ready, and all that’s left is the move…..oh wait – not quite yet! There is all that legal “stuff” to deal with now….signatures….titles to be given…and pages and pages of documents that need to be signed before the key is in your hand!!! And to top it all off – who really knows a good real estate lawyer?

Do you know what kind of mortgage you have?

Hardly anyone pays attention to what type of mortgage they have. 


Sure, they know whether they have a fixed rate, a variable rate or an adjustable rate but few are aware that their mortgage will have a particular legal standing or why it is important.

When a market goes up, it's all roses and sunshine, at least if you already own your own home. Trying to buy in such a market can be a scary proposition. When the market goes down, well, that's scary too but for different reasons. 

Buying a house to find out it might be worthless in a year's time is not a fun proposition. However, we all still need a place to live and the markets will do what it will do.

In the event the downturn is significant or if you know what hits the proverbial fan, all of a sudden that legal distinction can be very important. 

Purchase Money Mortgage

For if you have what is known colloquially as a "purchase money mortgage", money borrowed to buy the property, then the bank's recourse is limited to the seizure and sale of the property.

So, if it sold for $1.00 but you still owed $1,000,000, well, the bank will be hoping its mortgage was insured, as they are not unable to chase you for any deficiencies under the mortgage.

This is an important consideration in a lot of foreclosures, as a lot of people have refinanced their property to consolidate debt or finance renovations. Luckily, the portion of the mortgage that related to the property's purchase is still protected.


Once you have committed to either buying or selling your property, simply tell your realtor and lender, as applicable, that Robert MacKay will be representing you and to forward the appropriate instructions to MacKay & McLean, attention "Robert MacKay". 

Robert MacKay's team provides professional, personalized service and with their assistance, you can rest assured that your real estate transactions will be handled with the utmost consideration and care.

They  provide a full range of legal services including:

  • Real Estate & Mortgages
  • Wills & Estates
  • Family Law & Divorce
  • Commercial & Corporate Law
  • Litigation & Personal Injury

ROBERT Mackay is your TRUSTED REGINA REAL ESTATE LAWYER!


Robert MacKay your Trusted Regina Real Estate Lawyer expert explains how CRA may penalize you if you fail to report it.

MacKay & McLean provides the professional services of a large Regina law firm, with the intimate attention of a small firm. The legal process can be daunting and overwhelming, but it doesn't have to be. MacKay & McLean is with you every step of the way.

MacKay &  McLean are TRUSTED REGINA LAWYERS


It’s an exciting time – the old house is sold, the new one is ready, and all that’s left is the move…..oh wait – not quite yet! There's all that legal “stuff” to deal with now….signatures….titles to be given…and pages and pages of documents that need to be signed before the key is in your hand!!! And to top it all off – who really knows a good real estate lawyer?

Robert MacKay your Trusted Regina Real Estate Lawyer expert explains how CRA may penalize you if you fail to report it.

Reporting the sale of a principal residence was unnecessary before 2016, the year the federal government announced a series of steps designed to slow the housing market down and close housing-related tax loopholes. Some people used the previous lack of scrutiny of gains from the sale of a home to their advantage, including investors flipping homes, and others who owned both a cottage and a house and weren’t conscientious about declaring which was a principal residence.

CRA says that if you forget to report the sale of a principal residence, you’ll need to amend your tax return for that year as soon as possible. Late reporting may be accepted in some cases, but it’s possible you’ll have to pay a penalty equal to the lesser of $8,000 or $100 for each complete month you’re late in reporting.

In most cases, you won't pay tax on the money you make from selling your home if it was your principal residence every year since you bought it.

If you sold property in 2017 or after that was, at any time, your principal residence, you must report the sale on Schedule 3, Capital Gains (or Losses) corresponding with the tax year and Form T2091(IND), Designation of a Property as a Principal Residence by an Individual (Other Than a Personal Trust). 

According to CRA here is why you must report the sale.

For the sale of a principal residence in 2016 and subsequent years, we will only allow the principal residence exemption if you report the disposition and designation of your principal residence on your income tax return. If you forget to make this designation in the year of the disposition, it is very important to ask us to amend your income tax return for that year. Under proposed changes, we will be able to accept a late designation in certain circumstances, but a penalty may apply.

Once you have committed to either buying or selling your property, simply tell your realtor and lender, as applicable, that Robert MacKay will be representing you and to forward the appropriate instructions to MacKay & McLean, attention "Robert MacKay". 

Robert MacKay's team provides professional, personalized service and with their assistance, you can rest assured that your real estate transactions will be handled with the utmost consideration and care.

They  provide a full range of legal services including:

  • Real Estate & Mortgages
  • Wills & Estates
  • Family Law & Divorce
  • Commercial & Corporate Law
  • Litigation & Personal Injury

ROBERT Mackay is your TRUSTED REGINA REAL ESTATE LAWYER!



Trusted Regina Mortgage Broker Skott Enns shares a tip on renewing your mortgage.

Get free expert mortgage advice from a multi-award-winning Regina mortgage broker. Skott Enns is a Trusted Regina Mortgage Broker and he is fully committed to helping clients find the best option that suits their financial goals. His mission isn’t to simply help you get a mortgage with the best mortgage rates, he wants to help you figure out a plan to pay off your mortgage as quickly as possible! In his latest Regina mortgage tip, he shares some great advice on mortgage renewal! 


Mortgage Renewal Time?

If you have a mortgage, at some point it will come up for renewal (unless of course, you are really close to paying it off, and in that case – congratulations!!!). When this happens, it is important for you to know your options, so that you are not leaving money on the table or putting yourself in a situation that could cost you money down the road.

There are two primary reasons that you may want to leave your existing lender: rate being the primary one, and sometimes you may simply be unhappy with the service (or lack of) that your existing lender is providing to you.

Approximately 65% of clients will simply sign the first mortgage renewal form offered to them by their existing lender when. No questions asked. That is a mistake, and often a costly one. Don’t get me wrong, the easiest thing for you to do is to sign that form. No requalification, no additional questions, things just keep humming right along… but here is the thing: the banks are also aware of the fact that two-thirds of clients will ‘just sign’, and guess what… the higher the interest rate they can get you to pay, the more money they make.


How often do you think they will have your best interests at heart when renewing your mortgage?


Negotiating a Better Offer Upon Your Mortgage Renewal

The reality is that at the end of that term, you are indeed a free agent! Get out there and play the field. Here is how I would recommend doing that.

Ask Your Existing Lender To Come To The Table With Their Best Rate

Again, there is no doubt that the easiest thing to do IS to stick with your existing lender, and if they are offering a competitive rate, then my advice will always be to stay there. However until you know what they are willing to do for you, it is difficult to determine what the best course of action is.

Call A Mortgage Broker

As a Mortgage Broker, we work with an array of lenders: big banks, credit unions, mortgage finance companies, private lenders etc. Once you have a rate from your existing lender, your Mortgage Broker will be able to run through the mortgage products that the various lenders are offering, and figure out whether or not you would save money by switching lenders. Once we are within 120 days of your mortgage coming up for renewal, if there is a better rate out there for you, we can lock it in. One other reason to avoid signing blindly is that life happens, and situations change… if you just got out of a 5-year fixed term, but have a growing family and recognize that you will likely be upgrading your home in less than two years, perhaps it makes more sense for you to consider a shorter fixed-term or a variable term (where the penalty for breaking that term is only a 3-month interest penalty). A Mortgage Broker will help you to work through all of these scenarios.

 

A Quick Requalification

In the event that you can save money by switching lenders, it is important to realize that you will need to requalify. However, in most cases, assuming your financial situation is similar or better than what it was when you first obtained the last mortgage, this shouldn’t be a big deal. Typically, you will require the following documentation:

  • A letter of employment confirming position, salary, and full-time/part-time status
  • A recent paystub
  • A copy of a recent mortgage/renewal statement from your existing lender
  • A copy of your house insurance policy
  • A copy of your property tax bill ensuring payments are up to date
  • A void cheque or PAD form for the bank account where you would like your new mortgage to come out of

Other Points to Consider When Renewing Your Mortgage

Please recognize that every mortgage is different, and if you are self-employed, a part-time employee, own rental properties or something a little outside the norm, additional documentation may be requested, but the above list will cover the majority of the paperwork. Clearly, it may take a little bit of time to gather these documents. It is up to you whether or not you believe it is worth it.

If I can save you $5,300 (a recent real-life example) over the next 5 years through lower payments and interest savings, is it worth spending 2-3 hours collecting a little information? In my eyes, you are making $1,766 per hour if it takes you three hours…. Now there are a LOT of things that I would do if I was paid $1,766/hr to do them, even if they are not my favourite! I would teach myself to snowboard. I would eat plates of raw oysters. I would shop at Walmart. And I would definitely collect void cheques and paystubs if it meant I could save that kind of cash.

When switching lenders, there may or may not be fees involved. Discharge fees, appraisal fees, ‘legal’ fees can all be part of the switching process, HOWEVER, in many cases, these fees can be covered by the new lender. Again, best to discuss these options with your Mortgage Broker, and see what they can do to save you money.


One final point about moving lenders… 

Since October 2016 there has been a substantial rule change that has come into effect which does make it more difficult to qualify for purchasing a home today. That is the truth and there is no getting around it. However, if you are simply renewing your mortgage with a different lender, although you DO have to re-qualify, you have grandfathered in under the pre-October 2016 guidelines… which is great news, and ensures that you have a much better chance of being able to move lenders if it makes sense to do so.

If you are looking for honest, unbiased advice from a mortgage broker in Regina Skott Enns would love to talk with you!   

Skott Enns is a Trusted Regina Mortgage 



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TrustedRegina.com
310 Wall St #209
Saskatoon, SK   S7K 1N7
Ph: 306.244.4150

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