Tagged : tips and tricks

Found 289 blog entries tagged as "tips and tricks".

BCREA BC real estate newsVancouver, BC – March 12, 2019.

The British Columbia Real Estate Association (BCREA) is calling on the federal government to revisit the B-20 stress test so that more BC families can achieve their dream of home ownership. Mortgage lending rules, known as the B-20 stress test, have eroded housing affordability by reducing the purchasing power of families by as much as 20 per cent. Introduced last year, the stress test forces even the most credit-worthy borrowers with large down payments to qualify at an interest rate that is two percentage points above the rate they negotiate with their bank.
 
“We would like to see a review and reconsideration of the current mortgage underwriting ‘stress test,’ as well as a return to 30-year amortizations for

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Kamloops Real Estate BC

The B.C. Real Estate Association has released its first quarter housing forecast summary and it's projecting a slight boost in the number of sales and a steady increase in the price of homes in Kamloops and across the province.

"We've seen a tremendous amount of growth the last few years, and the unemployment rate is incredibly low right now. So it certainly signals full employment in many sectors, which is certainly positive for consumers, for housing demand," noted the chief economist for the B.C. Real Estate Association Cameron Muir, who is predicting the growth over the next two years.

Kamloops is following the downward trend of housing sales in 2018 — down 10.8 per cent in housing transactions last year compared to 2017. But housing sales

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British Columbia Real EstateEverybody knows that British Columbia in Canada takes pride in its most temperate climate and the most breathtaking views. But everyone also knows it is the most expensive province to live in Canada.

Despite higher costs of living, BC is still a top choice for many Canadians and immigrants to relocate. 

Why Choose British Columbia for Relocation

If you are planning a move anywhere in British Columbia, you are about to discover one of the most spectacular places in Canada. British Columbia has a pretty diverse climate, depending on where you choose to live. Near the coast, you’ll experience dry summers and wet but mild winters. Near the Okanagan or Cariboo, winters are warm and summers quite hot. In contrast, the northern coast gets more rain and

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BC Real Estate AssociationReal estate association offers optimistic forecast, saying buyers are gradually “adjusting” to mortgage stress test

Home sales in B.C. are likely to rise slightly this year, and more in 2020, according to a forecast released February 25 by the B.C. Real Estate Association (BCREA).

The association said it expects residential sales in the province to rise two per cent to 80,000 units this year. This follows a slow 2018 in which 78,345 homes traded hands on B.C.’s MLS®, which was 24.9 per cent lower than in 2017.

BCREA also predicted home sales to increase a further 6.9 per cent to 85,500 units in 2020. This would be a very normal level of activity, as the 10-year average for home sales in the province is 85,800 units.

BC Home salesThe association said that

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Kamloops home for sale as-isA house being sold “as is” is a real estate term you should know before you start house hunting.

You found a house in your dream neighborhood. It has the right number of bedrooms, bathrooms, and a nice backyard. It’s just what you were looking for. Then you learn it is being sold “as is.” That house that seemed so perfect now seems a bit frightening.

Selling as house “as is” basically means the seller will make no repairs or improvements and is selling the house in its current condition. In many cases, the houses are “as is” because the seller can’t afford to make the improvements. “Once you buy that house, it’s yours and you’re pretty much stuck with whatever decision you made, so you really need to be very educated and thorough about what you’re

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Kamloops rentalsBritish Columbia and Ontario continue to be the most expensive place to rent a room, or rooms, in Canada.

Canada Rent Rates A new rental report from PadMapper shows that Montreal is the only city in the country outside of those two provinces to crack the top 10.

Toronto takes the top spot for priciest one bedroom units with an average cost of $2,270, but Vancouver is easily the most expensive market for two bedroom units with an average cost of $3,280.

Alberta's major cities managed to stay out of the top ten, with Calgary and Edmonton ranking 13th and 18th respectively.

In Calgary, one bedroom units average out at $1,130 a month, while in Edmonton the average cost of a one bedroom home is $950.

On the east coast, Halifax leads the way at 16th with one

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Kamloops Home ValuesSeveral factors affect the value of a house, and a single house may be valued at varying figures.

The two assessments of primary concern to buyers and sellers are the market value and the appraised value but other factors such as appraised also comes into play. Understanding a home’s true market value is about more than pictures, software assessments and price-per-square-foot. Whether you’re a current homeowner thinking of selling or are house-hunting, it’s crucial you understand what factors affect home valuation. By partnering with a local market expert, sellers will avoid pricing their house out of the market (the kiss of death in real estate) and buyers will ensure they get a good deal on their next home. 

The market value of a home is

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Costs of running your homeHomes cost a lot of money to maintain.

But are you spending extra money unnecessarily on upkeep? Here are the 10 most expensive mistakes you could be making in your home.

1. Using Traditional Light bulbs

If you still have incandescent light bulbs in your home, you could be throwing a lot of money away every month on inflated electric bills. Over its life span, an incandescent bulb can use $180 worth of electricity. A CFL will only use $41 worth of electricity over the same time period. Even better is the LED bulb, which only uses $30 per bulb. Think what replacing every light bulb in your home could do to your home's bottom line.

2. Ignoring a Leaky Faucet

A leaky faucet that drips one drop per second can waste more than 3,000 gallons per

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Help your kids save money in KamloopsCreating good spending habits is a very valuable skill for anyone.

Did you have good habits before you left home? If not, what kind of difference would it have made in your life? In the current world economic environment it is more important than ever to get your kids to understand the true value of money. With interest rates for saving low it is critical that as your kids look to move out of the family home and into their new life they can manage their financial obligations and be able to afford the essential items for life. When still young it's a great time to start showing them the costs of things and getting them to manage money early in life. Here are a few powerful concepts that can make a huge difference in the way your teens manage their

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Ask your Kamloops Realtor QuestionsAsk your Real Estate Questions

It’s time to sell your home and you have a few questions that you need to clear up, as they’ve been weighing on your mind; some more heavily than others.

You won’t be the first to ask such a question and that you’ve been afraid to ask a Realtor. Please understand that your question(s) have likely been asked before by home Sellers. Ask the question. Clarity is essential for peace of mind. Without peace of mind, how could you ever begin to prepare for selling a home.

Can I exclude something from my home sale?

If you absolutely must exclude something from your home sale, it must be made known upfront for any prospective Buyers. For example, if that one of kind, hanging chandelier over your dining room table is a

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