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Weekly Mortgage rates for May 18th 2015

Wednesday, May 20th, 2015

Courtesy of Starr Webb DLC Weekly Rate Minder

Terms Bank Rates Our Rates
6 Month 3.14% 3.10%
1 YEAR 2.89% 2.29%
2 YEARS 2.84% 2.19%
3 YEARS 3.39% 2.34%
4 YEARS 3.89% 2.54%
5 YEARS 4.64% 2.54%
7 YEARS 5.30% 3.39%
10 YEARS 6.10% 3.84%
Rates are subject to change without notice. *OAC E&OE
Prime Rate is 2.85%
Variable rate mortgages from as low as Prime minus 0.65%

Wednesday, April 1st, 2015

WHAT IS CLUTTER

Courtesy of Cliff Brauner Pillar to Post Inspections

To be a clutter buster you’ve got to be able to identify which items are truly clutter, and which are not. Clutter can be insidious, because it can be almost anything, from obvious trash to the most expensive antiques.

The same object that may be clutter for one person is most certainly not for another person.

Here are five guidelines to use to decide if something in your space could be CLUTTER.

1. Clutter Can Be Anything – Cheap Or Expensive, Sentimental Or Throw Away
Know what is, and is not, clutter. Many people’s preconceived notion of clutter is true trash and cheap junk that we don’t care about at all. But remember “One man’s junk can be another man’s treasure.” Don’t automatically overlook something because it cost a lot of money. Even the most expensive things can be clutter.

2. Too Many of a Thing – is Clutter
Too much of a “good thing” happens when you amass a large selection of one particular item.

Collections can quickly turn from something that makes us happy into clutter if we’re not careful. Determine if these items are truly worth the while, or just items using up precious space.

A few of a particular item, such as shoes, clothes, or kitchen gadgets can provide temporary choice and variety. However, when you start to accumulate too many of a particular item it just becomes an overwhelming pile of clutter.

3. Items That Used To Be Functional – are Clutter
It often happens that we use an item for quite a while, and then our circumstances change and it is no longer quite as useful to us anymore. That’s when the item begins to collect dust in a corner – becoming clutter.

That’s the thing about clutter – it may have been useful stuff in the past. Be ever vigilant and notice when an item is no longer of use.

4. If You Don’t Have Room For It – It’s Clutter
You could have some really awesome stuff but if it doesn’t fit in your space, it’s clutter. This one is tough for even the most seasoned clutter buster, because people experience this all the time when downsizing. If it sits out collecting dust or becomes a tripping hazard, it just doesn’t belong there anymore.

Make sure you’re not devoting storage space to real clutter but make room for the important items. You only have so much space available. If you can’t make a home for something in your home, it unfortunately just doesn’t belong there.

5. If You Don’t Love or Use It – It’s Clutter
Everything in your home or office should, ideally, serve a purpose so you can live clutter free. It either helps you with something in your life or makes you feel something positive each time you see it.

If you’ve got too much stuff you simply can’t use all of it. After all, you can only wear so many clothes or shoes in a year!

You can only truly love so many things, and take the time to care for them, before you just don’t feel that attachment to those things anymore. Keep what’s important and ditch the rest!

Home Storage Solutions 101

Kamloops Real Estate Linda Klein Kitchen ideas

Wednesday, April 1st, 2015
KITCHEN RENO”SHere are four “must-do” updates that ensure your remodeled kitchen will earn compliments from anyone who enters.

1. Faucet Facelift. Because of its constant use, updating the faucet will immediately improve the function and look of your prep space. Create a chic statement at the sink.

2. Amp up Accessories. Much like fashion, accessories can make a room. Hardware is the finishing touch that makes your space feel polished, but also serves a purpose.

3. Enhance the Lighting. Lighting is a critical element in kitchen design, both for its decorative and functional benefits. It can also make the space look roomier and more elegant. Install pendants over an island or countertop where the low-hanging fixtures won’t interfere with traffic flow.

4. Add Personality. Adding something pretty like a bouquet of flowers, new linens, or a bright new tea pot will bring life onto your space. You can also jazz up your kitchen with lively artwork. Whether it’s a professional painting or fun vintage posters, artwork helps complete your renovation.

Before starting demolition on your kitchen remodel, make sure the design is a reflection of you. By following these simple steps, not only will you have a kitchen that complements your lifestyle, you will also draw plenty of compliments from family and friends. So why not take your kitchen from make-do to magnificent.

Courtesy of Cliff Brauner Pillar to Post Inspections

Kamloops real estate Linda Klein Marble Counter care

Wednesday, April 1st, 2015

MARBLE COUNTER CARE

Your counters are the center pieces in your kitchen and bathroom, so keep them looking good with the following care and maintenance tips.

Clean daily with soft cloths and warm water and weekly with stone soap. Marble is more vulnerable to acidic cleaners than granite, and will also be dulled by regular use of soap.

Blot spills quickly because marble is sensitive to etching, particularly from acidic substances.

Do not cut directly on marble since it is softer than granite. Heat is unlikely to damage marble, but cracking from thermal shock is always possible with stone.

Regularly seal marble counters, avoids stains easier.

Courtesy of Cliff Brauner-Pillar to Post Home Inspections

Kamloops real estate Linda Klein Mortgage rates for week of March 30th 2015

Wednesday, April 1st, 2015

DLC Weekly Rate Minder courtesy of Dominion Lending Center

Terms Bank Rates Our Rates
6 Month 3.14% 3.10%
1 YEAR 2.99% 2.69%
2 YEARS 2.94% 2.24%
3 YEARS 3.44% 2.49%
4 YEARS 3.94% 2.59%
5 YEARS 4.79% 2.59%
7 YEARS 6.04% 3.39%
10 YEARS 6.50% 3.84%
Rates are subject to change without notice. *OAC E&OE
Prime Rate is 2.85%
Variable rate mortgages from as low as Prime minus 0.65%

 Please note that rates shown above are subject to change without notice. The rates shown are  posted rates and the actual rate you receive may be different, depending upon your personal financial situation. “Some conditions may apply. Rates may vary from Province to Province. Rates subject to change without notice. *O.A.C. E.& O.E.” Check with your Dominion Lending Centres Mortgage Professional for full details and to determine what rate will be available for you.

*O.A.C., E.& O.E.

 

  • We are Canada’s largest and fastest-growing mortgage brokerage!
  • We have more than 2,200 Mortgage Professionals from more than 350 locations across the country!
  • Our Mortgage Professionals are Experts in their field and many are ranked among the best nationally.
  • We work for you, not the lenders, so your best interests will always be our number one priority.
  • We have more than 100 mortgage programs, making it easy to choose the best fit for your unique situation.
  • We close loans in all 10 provinces and 3 territories.
  • We can process your mortgage in as few as 7 days.
  • We are the preferred mortgage lender for several of Canada’s top companies.
  • Dominion Lending Centres’ Mortgage Professionals are available anytime, anywhere, evenings and weekends – and we’ll even come to you!

Linda Klein Kamloops Real Estate, Property assessments as a measure of value

Thursday, February 5th, 2015

When homeowners receive provincial Property Assessment notices, some will smile and have a bit more spring in their step, feeling the assessed value is accurate or perhaps even overly positive. Others will wilt and lament a modest gain or even a decrease in the assessed value over the previous year or period. Reactions will of course vary factoring in the potential increase in property taxes that tends to come along with stronger assessments.  The reality, setting aside taxation concerns, is that neither parties’ emotions should be tied to the ‘value’ printed on these notices. 

A provincial property assessment is an approximate value based on the (broadly) estimated market value as of the previous years. There is a lag time between the estimation of valuation and delivery of the envelope. It also fails to involve a formal site visit or viewing of the inside of the home to consider either significant upgrades or significant deterioration.

To put this in perspective, few lenders will work with a detailed official appraisal report that is even 90 days old.  Most prefer a report completed with 30 days, as markets can move significantly month over month.

For these reasons, among others, a provincial property assessment should not be relied upon as a totally concrete indicator of value for the purposes of either purchase, sale, or financing.

Always enlist a licensed professional, or perhaps even two or three, in order to get a timely and detailed appraisal of current market value. This will provide a much more accurate reflection of current market values reflecting recent comparable sales, value for zoning, renovations and/or other unique features to the property.  An appraiser is an educated, licensed, and heavily regulated third party offering an unbiased valuation of the property in question.

Think of your provincial property assessment as something akin to a weather forecast spanning far larger and more diverse areas than the unique ecosystem that is your neighborhood, street, and specific property.

The forecast may call for rain in your city, yet you might have a ray of sunshine radiating upon your street specifically.

 

 

 

 

Home Purchase Plus Improvements Program

Thursday, February 5th, 2015
 

 

Courtesy of: Lisa Alentejano  www.mortgageplayground.com

1-888-819-6536

 

 

Are you or someone you know in the market to buy a new home?

 

Are you finding it hard to find exactly what you want, OR have you found the home you want but it is in need of some updating?

 

Let me introduce you to the Purchase Plus Improvements Program.  This allows the buyers to add renovation costs to the mortgage to a maximum of 10% of the purchase price or up to a max of $40,000.00 with as little as 5% downpayment. oac.

 

Does the home need a new kitchen (appliances are excluded)?

Are there some windows or a roof that needs replacing?

Do the bathrooms need updating?

How about fresh coat of paint and updated flooring?

 

These are just a few of  the things that can be added to improve both the look and value of the home you are purchasing.

 

Here is a quick video from Genworth Canada that also explains the program.

Mortgages with Renovations with less than 20% downpayment
Mortgages with Renovations

Tuesday, January 6th, 2015

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Pillar To Post: The Home Of Home Inspection - New Years Resolutions for the Home
NEW YEARS RESOLUTIONS FOR YOUR HOME
Many of us make optimistic resolutions for the New Year. Whether it’s deciding to take a class, stick to a budget, or to finally drop those 20 pounds, we’re full of ideas on how make ourselves and our lives better. Because your home is such an important part of your life, why not make some worthwhile resolutions for it as well? Here are some ideas to get you started.
KEEP CURRENT ON ROUTINE MAINTENANCE
One of the most important things you can do as a homeowner is to make sure routine maintenance is part of your plan. Catching problems early can often help you avoid larger issues down the road. What is now a minor plumbing or roof leak can cause major problems if not detected and fixed immediately. Check around your home for cracked or peeling paint, have chimneys and fireplaces inspected and cleaned, and make sure the driveway and walkways are not cracked or lifting.
UPDATE YOUR HOME INVENTORY FOR INSURANCE PURPOSES
If you’re like many homeowners, it’s probably been a while since you’ve reviewed your home insurance policy and reassessed the value of your home’s contents. An updated home inventory of your possessions can help you determine if you have the proper type and amount of insurance. Your insurance company may make forms available to help you organize and record your inventory, and there are several home inventory software programs available. You also can download a free program from www.knowyourstuff.org. Should you have an insurance claim for property loss or damage, your inventory can help make the process and accurate valuation easier.
AUDIT YOUR HOME FOR ENERGY SAVINGS
There are simple things that every homeowner can do to improved energy efficiency and save on utility bills. Switching from conventional light bulbs to compact fluorescent versions wherever possible saves money and makes things easier for you, too. For example, you will need to replace bulbs in awkward places less often. Make sure windows and doors are caulked and in good repair; this will save energy in both winter and summer. If you’re planning to replace any appliances this year, shop for and compare efficient, energy-saving models.
CREATE A FIRE SAFETY PLAN FOR YOUR FAMILY
Everyone knows the importance of having a plan in place should a fire occur in your home. But each year, tragedy strikes homes and families who didn’t think about it or who promised to make a plan “one of these days”. The basics include working and properly installed smoke detectors, fire extinguishers, and an escape plan for every room. Your local fire department is an excellent resource for directions on creating a plan designed to keep you and your loved ones safe. Give yourself some peace of mind by making this the year to put that plan in place.

For more information about home inspection and for additional resources, please contact your local Pillar To Post office.

Cliff Brauner

Certified and Registered Home Inspector

Member of CAPHI, NAHI and ASHI

Proudly Serving the Kamloops, Merritt, Chase, Cache Creek, Sorrento, Shuswap and Barrier areas.

We know our stuff!

 

Clifford.Brauner@pillartopost.com

www.pillartopost-kamloops.com

 

Phone: 250-579-8309

Fax:      250-579-8378

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Pillar To Post | 869 Ida Lane | Kamloops | British Columbia | V2B 6V2 | Canada

Comparing Kamloops House Sale Market Statistics November 2014 to November 2013

Wednesday, December 3rd, 2014

 

 

Comparative Statistics for Kamloops (Residential Only)

 

November 2014 November 2013  Difference
Number of New Listings       267    296    9.80% DOWN
Residential Units Sold       146    154    5.19% DOWN
Avg. Days on Market         77    78    1.28% DOWN
List to Sell Price Ratio     97.79%    96.81%    1.01% UP
Median Residential Price     $355,000    $353,000    0.57% UP
Total Monthly Sales $$     $42,443,621    $47,343,330    10.35% DOWN
Active Listings    1789    1745    2.52% UP

 

 

 

*The above information is from sources deemed reliable but it should not be relied upon without independent verification.

The challenge of renovating a heritage castle in Moncton, N.B.,for less than an East Vancouver bungalow.

Thursday, October 23rd, 2014

Castle Manor

A Vancouver owner who wishes to remain nameless has taken up the challenge of renovating a heritage castle in Moncton, N.B., that went on the market earlier this year for less than an East Vancouver bungalow.

Jay Tse is a Moncton-based, semi-retired contractor with family ties in Vancouver. Much of his family is involved with real estate and construction.

“That’s what we talk about — construction and how much real estate is in Vancouver and in Moncton — and the topic of the castle came up because at that time, it was for sale,” said Tse, noting media reports about the peculiar property had caught the eye of a Vancouver relative.

In January, The Province wrote a story comparing the price of East Van bungalows to the 107-year-old Castle Manor in Moncton, N.B.

While many B.C. bungalows were priced north of $700,000, the Moncton castle — with 54 rooms and 12-foot ceilings spread over 19,000 square feet — came in at under $700,000.

“By Vancouver standards, it was very economical and that’s how we all started,” Tse said.

A Vancouver relative then became interested in buying the castle and asked Tse to look into the property on their behalf, and to consider taking on the renovations.

“I think they found it very interesting because of the history and the tradition of the castle in Moncton, and they asked me to think seriously about it,” Tse told The Province.

“I discouraged them because it’s not an easy project, as you know. It’s a heritage building and there were a lot of issues associated with a project this size and the extent of renovations.”

Following the sale, Tse said it took a few months to clear up legal paperwork and secure the right permits for the renovations.

The local community has also grown attached to the castle, which Tse said has challenged him to find the right balance between honouring the history of the castle, while also moving forward with renovations that will “make it last at least another 100 years.”

“That was the first huge stumbling block, but after that, it’s just a beautiful old building that needs a lot of tender loving care,” Tse said, adding the municipality has also been very supportive of the project and has offered extensive help.

For the Vancouver owner, who has asked to remain anonymous, Tse said the castle represented more of a challenge than an investment property.

“If they wanted to make money, there were other things they could do that are much easier,” Tse said, noting the new owner was adamant about buying the castle.

Still, the new owner has no plans to live in Castle Manor.

“I doubt they will move to Moncton — they love Vancouver too much,” Tse said.

Instead, the castle — which used to be a care home but has sat empty for several years — will be converted into a planned 14 high-end market condo units. Tse said the finished product could be ideal for mature professionals at a nearby hospital, professors and mature students at the local university, or retirees in the surrounding area who are looking to downsize but wish to remain in the neighbourhood.

There are no plans to change the stone facade of the castle, other than possibly adding a few windows, and the rest of the designs are still subject to the heritage board’s approval.

Tse and his crew — many of whom have worked with him for 25 years — begin their work on Tuesday, by conducting support-beam and sound- proofing tests. A completion date of Oct. 1, 2015 has been set.

“It’s a challenging but interesting project,” Tse said.

sip@theprovince.com

 

The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the Kamloops Real Estate Board. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.
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