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Posts Tagged ‘real estate tips’

Fraser Institute ranks Kamloops Elementary and Senior Secondary Schools

Wednesday, April 6th, 2016

Elementary Schools

1.  St Ann’s ranked highest at 9.4

2.  Our Lady of Perpetual Help at 7.7

3.  Lloyd George at 7.4

4.  Juniper Ridge at 7.4

5.  Aberdeen at 7.0


Secondary Schools

1.  St Ann’s ranked  highest at 7.8

2.  Beattie School of the Arts at 6.0

3. South Kamloops at 5.9

4.  Sahali at 5.5

5.  Valleyview at 5.5

Kamloops a great place to live and move to.

Sunday, February 28th, 2016

Kamloops Named 7th Top Growing City in Canada by U-Haul

Kamloops Named 7th Top Growing City in Canada by U-Haul

Canada’s Tournament Capital is also one of the top growing cities in the country, according to U-Haul.

The moving and storage company has been ranking Canada’s top growing cities, revealing them daily until March 4th.

Kamloops comes in at number seven on the list.

Why move here:

Sunniest City in Canada

Affordable cost of living

Lots of outdoor activities

Excellent transportation and highways in all directions

“Kamloops is a very beautiful, affordable place to live,” said Horace Martin, U-Haul Company of British Columbia President. “It has Riverside Park, a world-class ski resort, and the right mix of big city/small town feel. It’s billed as the Tournament Capital of Canada. There’s no shortage of activities in one of the sunniest cities of Canada.”

For this particular list, growth is determined by the number of incoming one-way U-Haul truck rentals versus outdoing rentals.

According to U-Haul, 53.2 per cent of truck rentals were coming into Kamloops rather than leaving.

Thrifty secrets for home sellers

Wednesday, February 3rd, 2016

Thrifty secrets for home sellers

linda,When preparing your home for market, tackle improvements that will help you obtain the best price and sell within the shortest amount of time. These inexpensive projects can go a long way:

  1. Clean and clear. Declutter top to bottom and store the excess offsite. Clean thoroughly, clear cupboards and countertops and keep décor items to a tasteful few.
  2. Tear up dingy broadloom. Replace it with a choice of cost-effective, neutral flooring options. Or if you like what you see underneath, have it professionally refinished.
  3. Paint it. Opt for neutral colours, in matte or eggshell finishes to camouflage flaws. Finish trim in satin, semi- or high-gloss.

Put my expertise to work for you! Ask me about preparing your home for optimal resale value.

Linda Klein
250 374 1461 (Office)

Royal LePage Westwin Realty- Kamloops

All offices are independently owned and operated, except those marked as indicated at Not intended to solicit currently listed properties or buyers under contract. The above information is from sources believed reliable, however, no responsibility is assumed for the accuracy of this information.
This email was sent by Linda Klein of Royal LePage Westwin Realty- Kamloops
800 SEYMOUR Kamloops, BC, V2C2H5
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The most expensive City is Vancouver

Tuesday, January 26th, 2016

Home Costs 2015we are only 3 hours away but so much more affordable, Kamloops a great place to call home.

federal government officially announced changes to the minimum down payment required on new home purchase.

Friday, December 11th, 2015


Here is what you need to know:
Today, the government announced its intent to raise the minimum down payment requirements on homes valued over $500,000. Properties below $500,000 will not be affected. Requirements will remain at 5 % down payment for homes under 500,000.

Any amount over $500,000 will require a 10 % down payment. For example a $700,000 home will require a $45,000 down payment, 5 % on $500,000 and 10 % down on the remaining $200,000.

The announced changes will take effect on February 15, 2016.

The purchase closing date can be after Feb 16th 2016

The minimum down payment for homes  $1 million and over remains unchanged at 20%
The government cites its desire to “contain risks in the housing market” as the
reason for its decision.

Variable or Fixed rate Mortgage

Friday, November 27th, 2015


Courtesy of  4Front Mortgages!

Rates Are Rising
After the Liberal majority win, the government of Canada bond yields started climbing, most likely due to the fact the Liberals have larger spending plans.

Variable Rates
Variable rates have gone up.  What this means is the discount that lenders give off of the Prime Rate has decreased.  A few months ago you could negotiate discounts around .60% – .80% below Prime.  Now discounts are around .30% – 40%. This takes the average variable rate you can get to the 2.35% level.  Previously at 2.00% a variable was an easy sell.  Now, with 5 year fixed rates at around 2.70% the choice isn’t as obvious.

Prime – 2.70%
The Prime Rate, currently at 2.70% may go up earlier than we all thought. With spending promises to keep, combined with a strong US economy it looks as though the long-awaited rate hike could take place in mid-2016. The first rate hike will likely be .25%, which would bring a variable rate to 2.60% (assuming you can still obtain .40% off of Prime), narrowing the gap between fixed rates to a lowly 0.10%, making fixed very appealing now. If you do choose a fixed rate, it is possible that you will qualify for more.  Lenders are required to ensure you can afford your mortgage if rates go up and if you’re in a 5 year fixed term that is all the assurance a lender needs.

Additional Considerations for Fixed Rates

Penalties – Penalties from some lenders (mainly banks) can make getting out of a fixed term very punitive.  Therefore, if you’re considering a 5 year fixed term but not too sure if you’ll be in the home for the full term consider going with a lender who offers a fair penalty calculation.

3 Years – The average time a first time homebuyer keeps in their property is 36 months. Going with a 5 year term may not be the best option if you’re unsure of how long you’ll need that mortgage for. Yes, you can always move mortgages from one property to another, however it can add some complexity to your application

Historical Considerations – Variable rates have been proven to be cheaper in “the long run”. Yes, math doesn’t generally lie, but what’s good in the long run may not necessarily be good for the next 5 years.

House Sales Expected to Increase in Kamloops

Tuesday, October 27th, 2015

House Sales Expected to Increase in Kamloops

House Sales Expected to Increase in Kamloops

The housing market in Kamloops is expected to remain stable over the next two years, according to a forecast by the Canada Mortgage and Housing Corporation.

Housing sales for Kamloops are expected to be up to 1,750 in 2015, and will increase to 1,780 in 2016 and 1,800 in 2017.

The average price of a home in the Tournament Capital is not expected to greatly increase. The price is expected to be $404,000 in 2015, increasing to $420,000 in 2017.

The vacancy rate of homes in Kamloops is expected to remain steady as well. It is forecasted to be a 3.7 vacancy rate in 2015, down from 3.9 in 2014, and is expected to return to 3.9 in 2016. The vacancy rate in Kamloops is, and is forecast to continue to be, above the national average.

Housing starts are anticipated to slightly decrease going from 518 new homes under construction in 2014 down to 470 in 2017. The new construction to date in 2015 is 9.2 per cent less than it was at this date in 2014 in Kamloops.

Linda Klein Kamloops Real Estate Music in the park July 2015 Schedule

Sunday, July 5th, 2015

Music in the Park runs all summer long.

The free entertainment takes place 7 p.m. to 8:30 p.m., unless otherwise stated, each night at the Rotary Bandshell in Riverside Park, 100 Lorne St. All shows are rain or shine, but subject to change.

Included links to the bands, so you can check them out beforehand.


Riverside Park

July 1 – Canada Day celebrations

July 2 Tiller’s Folly (Canadiana celtic)

July 3 Greg Drummond (Canadian folk rock)

July 4 – Kingpins (classic rock)

July 5Gary Comeau and Cannery Row (Cajun)

July 6Nova Scotiables (East Coast)

July 7 – Beyond Brass (big band classics)

July 8 – Sean Ashby (Sarah McLachlan guitarist)

July 9 – Mike MacKenzie Blues Band (classic rock and blues)

July 10 – Hijacked by B.C. Living Arts – Tribute to Leonard Cohen, Bruce Cockburn and The Band with Van Damsel – 6:30 p.m.

July 11 – Hijacked by B.C. Living Arts – Tribute to Joni Mitchell, Neil Young and The Band with The Caspians and James Wolf – 6 p.m.

July 12Cécile Doo-Kingué (blues)

July 13100 Mile House (English folk roots)

July 14 – Wild T and The Spirit (blues)

July 15 – Scattered Atoms (blues and R&B)

July 16Sally and the Melo Hearts (current and classic rock)

July 17Sabrina Weeks and Swing Cat Bounce (blues)

July 18Ben Klick (country rock)

July 19 – Impulse Response (R&B)

July 20Jane Perrett (classical soprano and showtunes)

July 21 – Ben Caldwell and the Folk Road Show (roots and folk)

July 22Cod Gone Wild (Maritime fun)

July 23 – BCLC Midsummer Music Jam featuring Catch 22 (1980s music)

July 24 Sarah Burton (rockin’ roots pop)

July 25Sherman Doucette (blues harp)

July 26Dave Lang and the Insolent Rabble (swing jazz)

July 27Twin Peaks (duo)

July 28Tanner James Band (folk roots and country)

July 29Kirby Sewell Band (blues)

July 30 – The Longriders (Lynyrd Skynyrd tribute)

July 31 – Trama (rock)

Linda Klein Kamloops Real Estate Weekly Mortgage rates for week of June 15th 2015

Tuesday, June 16th, 2015

DLC Weekly Rate Minder courtesy of Starr Webb

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% 2.25%
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%

Linda Klein, Kamloops real estate. How to Finance your Renovation

Wednesday, June 3rd, 2015
Courtesy of Mark Bertoli, Abbott Wealth
Home improvement is always in fashion. But the big question for many homeowners isn’t what to do, it’s how to pay for it. There are many ways to secure the financing you need, and each has advantages in certain situations.

Home equity line of credit
A line of credit gives you access to a predetermined amount of credit on demand. Generally, you can borrow up to 75% of the appraised value of your home — up to 90%, if the line of credit is insured. You take what you need, when you need it, and pay interest only on the outstanding amount.

A line of credit secured against the value of your house will typically be issued at a lower rate than an unsecured loan or personal line of credit. Accessing the home equity line of credit is easy and convenient. You may have the option of writing cheques or using a credit card or bank card.

Repayment is also flexible. You can pay some or all of the outstanding balance at any time without penalty, or make interest-only payments.

Increase your existing mortgage
Increasing the amount of your mortgage may be the right renovation-financing option for you if your mortgage is coming due, if you are selling one house to buy another, or if you are taking out your first mortgage.

It may also be a smart move if you’re locked in to a long-term mortgage at a significantly higher rate than is currently available. In this case, any penalty you may incur could be offset by the savings in interest over the long term.

While this option lacks the flexibility of a line of credit, the advantage for many is knowing that the borrowed funds are structured to be paid back in a set amount of time. And interest rates can be fixed, if you choose — unlike a line of credit, which floats against prime.

A second mortgage
A second mortgage is just that — a mortgage that is in addition to your first mortgage. Like a first mortgage, a second mortgage is a loan with a specified rate of interest and repayment schedule.

A second mortgage can be a good choice for homeowners who are locked in to a longer-term mortgage, but wouldn’t benefit from breaking their first mortgage. Lending rates for a second mortgage may be higher than a first mortgage.

Like increasing your mortgage, this option trades repayment flexibility for the peace of mind of knowing the debt will be paid down if you stick to the repayment schedule. Every situation is unique. But we can help you determine your best option.

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.