Liberal win: Good for first-time home buyers, investors

But prepare for an “uptick” in interest rates

The Canadian 2015 election. “It was a very clear verdict that Canadians were seeking real change,” said Pramod Udiaver, CEO of online advisor service, Invisor. “The Liberals campaigned and won with a focus on the middle-class,” says Udiaver, “with many of their promises attempting to make a meaningful difference for middle-income families.”

While most Canadians still struggle with paying too much in taxes, trying to maximize savings while making sound financial decisions, the new Liberal majority government will have real impact on the nation’s real estate market.

Continued interest by foreign investors

“From a fiscal point of view, the Liberal government will be moving Canada from a modestly…

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6 questions to ask during an open house

Consider it an opportunity to learn more about the house, the sellers and the neighbourhood

An open house is the real estate world’s version of window shopping. It’s an opportunity to sneak a peak at a neighbour’s home, and a chance to size up a potential house or neighbourhood.

But for most window-shoppers, ignoring or minimizing talk with the real estate agent at an open house lands somewhere between a challenge and a sport. It shouldn’t. While there’s no question that the realtor hopes to drum up business by holding an open house, they can also be a wealth of information. It’s just a matter of asking the right questions. Here are six questions to ask at the next open house you visit.

1. Why do the sellers want to move?

Listen, we all read…

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Is it time to sell your rental property? Or time to buy another?

According to Statistics Canada, 69 per cent of Canadians own homes, so most of us have reason to worry about the fate of the housing market. Landlords, in particular, make a conscious choice to invest in real estate that goes beyond just a place for their families to live. As a result, landlords should be paying close attention to the conflicting views and data on Canadian real estate.

One in 20 Canadians own rental real estate according to the Financial Industry Research Monitor. An Altus Group study shows that for households earning more than $100,000 per year, rental real estate ownership is twice that of the general population – about 10 per cent.

So the question is: buy or sell?

Buy

Donald Trump may very well be the next…

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Interested in Buying a Foreclosure? These Tips Will Help!

Many home buyers are attracted to foreclosed properties because they can offer great opportunity. But don’t get too excited yet, though foreclosed homes really offer great deals, they also come with challenges. Knowing what you will deal when you decide to buy a foreclosure can prepare you in the process.

There are no disclosures

With a traditional sale, you’ll get disclosures from the sellers. With foreclosures, there’s none. It’s like not knowing what you’re getting into because you will not have any knowledge if the house will need some serious fixing. The bank will not give you the history of the home nor the problems you might encounter when you move in so you have to be prepared.

You can work with your agent on this. Search as much as…

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10 Things Buyers Shouldn’t Overlook When Viewing a House

“This house is lovely, I’m going to buy this!” one buyer decides within 5 minutes of viewing the property. Sounds crazy? Believe it, it does happen.

It is easy to fall in love with a property within few moments of seeing it and buyers forget to be objective. A home is one of the biggest purchase people make, do not make a decision on a spur of the moment you will likely regret in the end.

When viewing a home, it is recommended to spend more time viewing every nook and cranny of the property. So many spend so little time viewing a house and they live to regret it. After buying the house, buyers experience one problem after another – anything from dodgy wiring to noisy neighbors – which could have been avoided had they spent more time researching the…

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Home Staging Tips: How to Have a Successful Yard Sale

Decluttering is the first step in staging a home for sale, but what to do with all those unwanted items? Tina Parker has a great solution and how to execute it.

 We all know that when you’re selling up, decluttering is a key part of staging your home for sale. But after you have decluttered and come up with storage solutions, you will need to get rid of everything you have decided to part with. A good way to use this to your advantage is to have a yard sale.

In order to have a successful yard sale, you will need to apply the four Ps of marketing: product, price, place, and promotion. So you must know your products, set appropriate prices, find a place that will showcase your items, and promote your sale properly.

Product

Be organized and make…

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With all 18 polls reporting, Kamloops has voted against a $90-million parkade and performing arts centre.

PAC referendum defeated

By: Andrea Klassen in News November 7, 2015

With all 18 polls reporting, Kamloops has voted against a $90-million parkade and performing arts centre.

According to numbers from Kamloops city hall, 53.7 per cent of residents voted against the project, while 46.3 per cent voted for.

The city had asked voters for permission to borrow up to $49 million for the complex, with a 1,200-seat main stage theatre, 350-seat black box and 350-stall underground parkade, to be built at the former Kamloops Daily News site on Seymour Street.

Voter turnout in the referendum was 32 per cent.

Coun. Pat Wallace called the results “extremely disappointing.

“I think people bought the idea this was all about taxes,” she said. “I…

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Dinner in Kamloops: Turn off the highway to discover B.C.’s newest food and wine region

You probably think of Kamloops as a refuelling stop, a place to pause for a tank of gas and a Tim’s before hitting the Coquihalla Highway. But it’s so much more than that.

Seemingly overnight, Kamloops has become B.C.’s newest foodie destination, where a small but mighty contingent of chefs, farmers, winemakers and craft brewers are discovering the potential of this city in the Thompson River Valley.

Perhaps it was inevitable. Kamloops is quietly booming. The population has slowly but steadily been growing (it’s now around 100,000), and the city has attracted a number of diverse new businesses. And yet, it’s still affordable enough for young families to buy a house and make a life there.

As Monica Dickinson, the acting CEO of Tourism Kamloops,…

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Info for Sellers: How to sell your home (Pricing)

 What is the correct price for your home...

Billy Buyer is looking for a new home. He has been pre-approved for a $360K purchase.  He has already expressed his desire to not even look at anything above his affordability level, so we’ve added just a bit of room to the price to allow for negotiating and will only be viewing those homes at or below a $375K limit.

Unfortunately, your house is priced at $410K, which is way above his $375K cap, and which is also about $50K above the market value.  Only you and your agent know why you priced it so high, but I do know your home would be PERFECT for Billy, and I also know it’s definitely overpriced.  Billy won’t see it, and therefore won’t buy it.

Not pricing a home properly for sale can be the biggest…

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Home Staging Tip- Stand Out Like a Red Sweater!

Even though it is currently a seller’s market, you don’t want to leave the sale of your home to chance.  And, you want to do what you can to protect your investment.

Years ago when I placed office support staff, we would tell our applicants that they needed to have something that made them stand out like a red sweater in the crowd.

All things being equal...you live in a sought after neighborhood, you’ve recently painted your home and you’ve made all attempts to keep up with maintenance…what else can you do? How can you stand out?

How to Make Your Home Stand Out Like That Red Sweater…

1.Take another look at the front of your house.

It’s not enough to have your lawn mowed.  What does your whole picture say? Can buyers see your…

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