Baby is Coming! Quickly Sell and Move into Larger Home

It is not uncommon for a young couple to purchase what is known as a "starter home". One that is just the right size for the two of them and priced just within budget to begin a life together with plans to move into a larger home to start a family.

Life moves quickly and some couples can find themselves expecting a bundle of joy before they have planned to look for a larger family friendly home. It can seem like a stressful ordeal to sell a home quickly and move into a new one that is more accommodating before baby arrivals, but it is not impossible.

One option is to get your home in top show worthy condition and list on the traditional market in hopes to sell as soon as possible. You will need to consult an experienced local agent and list at…

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How to Do Your Own Yearly Home Inspection

How to Do Your Own Yearly Home Inspection

Before you buy a home, it’s always a good idea to get a professional home inspector—but that shouldn’t be the only time you give your home a thorough look. Here’s a checklist of what to look for when performing a yearly visual inspection on your own home, or one you are considering buying.

A professional home inspection should not be skipped when buying a property. But when you first visit the house, you can also do your own visual inspection so you can watch for certain trouble spots. Even after you buy the house, doing this at least once a year will catch most issues before they become major problems.

You’ll need a pair of binoculars, flashlight, gloves, screwdriver, notepad and pen, and a camera to…

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Third of investors unprepared for buying process

Third of investors unprepared for buying process

It is a cardinal sin for investors not to be prepared or knowledgeable about the home buying process, but new figures point out that a third (32 per cent) of first-time investors admit to just that.

The survey, published by the Real Estate Council of Ontario (RECO), also found that 26 per cent of investors wished they had a better grasp of the buying process, 21 per cent wished they had looked at more properties and 14 per cent wished they had a better understanding of the contracts involved.

Other findings include:

• 43 per cent said there were sections of the real estate contract when they bought or sold a home that they did not fully understand.
• 36 per cent mistakenly think that after…

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Mobile deposit technology to be rolled out

Mobile deposit technology to be rolled out

The Canadian real estate market may be poised for transformation with the introduction of mobile-driven deposits, set to help investors avoid the snafus that too often scuttle deals.

ExactDeposit will be launched via a pilot project through Royal LePage Atlantic and other local brokerages before it is rolled out across Canada to follow.

“Mobile payments for real estate deposits have never be possible before,” says Chris Ryan, founder and director of ExactDeposit. “We are the first of our kind.”

The technology has been designed to offer greater convenience and efficiency to investors, Realtors and real estate brokerages.

“[The transaction] can be completed from anywhere, using a smartphone, laptop or…

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Why more Canadians are raiding their RRSPs

Why more Canadians are raiding their RRSPs

For the past 22 years, the Home Buyers’ Plan has helped more than 2.5 million Canadians borrow money from their RRSPs to help make the dream of home ownership a reality. However, the $25,000 maximum that can be withdrawn per person doesn’t give prospective homeowners a lot to work with.

The reasoning behind this plan is fairly straightforward. First-time home buyers (or anyone who hasn’t owned his or her primary residence in the past five years), are permitted to take up to $25,000 from their retirement savings without penalty as long as it is paid back within 15 years, which starts two years after the withdrawal occurs.

If you are buying with your spouse or common-law partner, it is possible to withdraw…

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3 things to consider before helping your kids buy a house

3 things to consider before helping your kids buy a house

As prices continue to escalate in many Canadian markets, it’s only natural for parents to want to help their kids buy a home. But there are three things parents should bear in mind before doing so, reports The Globe and Mail.

Ask any Realtor or mortgage broker about home first-time homeowners, and you’re bound to hear stories about parents providing financial assistance.

“The bottom line is that when a first-time home buyer buys a house, the parents more often than not are contributing something to the down payment,” says David Larock, a mortgage broker with Integrated Mortgage Planners.

Some parents are more than happy to help their kids buy that first home. However, there are three good…

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Calgary real estate slides again in November as prices drop 5.1%

Homes sold last month sat on the market for an average of 45 days

There are more homes for sale in the city than last year and they're sitting on the market for longer, while selling for less, according to data from the Calgary Real Estate Board. (Sheryl Nadler/CBC)

Home sales and prices continued their year-over-year decline in November, according to the latest aggregated data from the Calgary Real Estate Board.

A total of 1,263 homes were sold in the city last month, down 28.7 per cent from November 2014.

Average sale prices were off 5.1 per cent year-over-year, sliding to $460,859.

Median prices, meanwhile, were down 4.2 per cent to $410,149.

The number of active listings stood at 5,316, up 31 per cent from a year earlier, while the…

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Real estate, low dollar keep B.C. in the black

The B.C. government expects to finish the fiscal year next March with a $265 million surplus, thanks to surging property transfer tax revenues and a lower Canadian dollar that helps everything from tourism to the movie and TV industry.

Government revenues have declined due to lower natural gas, metals and other natural resources, Finance Minister Mike de Jong said Tuesday in his second quarter financial update. But with a continued hot real estate market in southwestern B.C. and housing starts running above average, property purchase tax revenue is $150 million ahead of the February budget forecast.

Retail sales are running 7.2 per cent ahead of last year for the period of April to August, with vehicle and parts sales up 9.5 per cent and food and…

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Kamloops Real Estate Sales - November 2015

The Kamloops and district real estate association have just released the latest statistics for home sales in November.
Aberdeen proved to be the top seller this month with 20 sales. Sahali with 14 sales including 2 sales over the $600,000 mark and Juniper Heights with 11 sales also including 2 over $600,000 scored highest for total value of sales.

Why not have a look at the communities and see what is currently for sale on our KAMLOOPS COMMUNITIES real estate page.

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How transportation impacts real estate prices

Being around public transportation wasn’t always a good choice when it came to real estate. After World War II, downtown living was frowned upon and people flocked towards the suburbs in order to find larger and greener land. As a result, real estate prices rose outside the city.

Fast forward to today and we’re seeing the opposite effect. People want to live in the downtown core and public transportation is at the forefront of political debate.

Billions of dollars are being spent on new subways and streetcars in cities like Toronto and Vancouver. Calgary and Ottawa are also beefing up its public transit service in response to a higher demand from residents.

In fact, every major city across Canada has plans to focus on public transportation. It’s a…

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