Daily Archives: February 13, 2009

Muddy York Update – TREB Market Update – January 2009

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The Toronto Real Estate Board released the January 2009 statistics for the GTA.  The number of sales to date was 2,670 compared to 5,075 in January of 2008.  The number of days on the market increased from 36 in 2008 to 49 in 2009.  The listing inventory grew to 20,450 units from 15,911 units during the same time last year. The median price for the GTA was $319,000 in January of last year compared to $303,000 this year.

In the Central District of Toronto, the median price was $352,875, the average price was $444,661.  The average percent to list came in at 95%.  The average number of days on the market was 44 days compared to the GTA average of 49 days. Overall, over $200 Million worth of real estate traded in the central core of Toronto during the month of January.

Source:  TREB Market Watch

Wet Basements

By Carson & Dunlop Associates

The words are all-too-familiar to many homeowners. It is said that more than ninety-eight percent of all houses have had, or will have, basement leakage at some point.

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Identifying the Problem:

The presence of efflorescence, a whitish mineral deposit on the interior of foundation walls, indicates moisture penetration. It should be noted that the severity of the problem, or whether the problem is active, is not indicated by the amount of efflorescence. Other clues are rusty nails in baseboards, rotted wood near floor level, rusted metal feet on appliances, mould and mildew, lifted floor tiles, storage on skids, peeling paint and the presence of dehumidifiers.

Corrective Action:

Poor surface drainage is one of the main causes of basement leaks. The ground should slope away from the house a rate of one inch per foot for at least the first six feet. As a preventative measure, seal where the driveway and sidewalk meet the foundation walls. The eavestroughing and downspout systems must also perform properly. If downspouts are ever suspected of being disconnected, broken or clogged below ground level, they should be redirected to discharge above grade at least six feet away from the house. Also, eavestroughs should be kept clear of debris. Redirect downspout discharge.

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Localized low areas including basement stairwells, window wells, et cetera, may allow water to collect. Drains should be provided in the bottom of these. Where there are no drains, plastic dome covers over the window wells allow light into the basement while minimizing water and snow accumulation.

More Extreme Measures:

In the vast majority of cases, basement leakage is not significant from a structural point of view and can be controlled relatively inexpensively, as discussed above. However, the presence of foundation cracks, damaged perimeter drainage tiles, a high water table or underground streams may call for more extreme corrective measures. These measures are used when chronic flooding occurs. Damp-proofing

Sealing foundation cracks can be performed several ways with the cost of repairs varying. The approach taken depends on the specific crack; however, the most successful approach is sealing from the outside (Cost $500 – $900). Urethane or epoxy injection repairs can be done from the interior on poured concrete walls only (cost $400 – $600).

Excavating, dampproofing and installing drainage tiles should be used as a last resort. Dampproofing on the exterior typically involves parging a masonry foundation wall with a one-quarter inch layer of mortar covered with a bituminous or plastic membrane which extends down to the footings.

The drainage tile laid beside the footing is covered with gravel and filter paper.These tiles can often be damaged or clogged by roots and some localized repairs may be required.

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Because excavating on the exterior is expensive ($8,000 – $15,000 typically), an alternative is an interior drainage system. The cost of this approach is one-third to one-quarter the cost of exterior work. There are many cases where this proves satisfactory, although this must be judged on a case by case basis.

Where underground streams and/or a high water table are present, sump pumps are usually required.

Carson & Dunlop Associates is a consulting engineering firm which has been devoted exclusively to building inspections since 1978.  Their website is located www.carsondunlop.com and they can be reached at (416) 964-9415.