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Posts Tagged ‘statistics’

Weekly mortgage rates for November 17th 2014

Tuesday, November 18th, 2014

Prime Rate is 3.00% Variable rate mortgages from as low as Prime minus 0.65%

Courtesy of Starr Webb  Dominion Lending

Terms Bank Rates Our Rates
6 Month 4.00% 3.95%
1 YEAR 3.09% 2.69%
2 YEARS 3.04% 2.59%
3 YEARS 3.44% 2.69%
4 YEARS 3.94% 2.74%
5 YEARS 4.79% 2.89%
7 YEARS 6.04% 3.79%
10 YEARS 6.50% 4.39%
Rates are subject to change without notice. *OAC E&OE

Kamloops Real Estate Linda Klein Weekly mortgage rates November 10th 2014

Tuesday, November 11th, 2014
Terms Bank Rates Our Rates
6 Month 4.00% 3.95%
1 YEAR 3.09% 2.69%
2 YEARS 3.04% 2.59%
3 YEARS 3.44% 2.69%
4 YEARS 3.94% 2.74%
5 YEARS 4.79% 2.89%
7 YEARS 6.04% 3.79%
10 YEARS 6.50% 4.39%
Rates are subject to change without notice. *OAC E&OE
Prime Rate is 3.00%
Variable rate mortgages from as low as Prime minus 0.65%
Courtesy of Dominion Lending

Kamloops Real Estate Linda Klein Weekly mortgage rates for November 3rd 2014

Thursday, November 6th, 2014
Terms Bank Rates Our Rates
6 Month 4.00% 3.95%
1 YEAR 3.09% 2.69%
2 YEARS 3.04% 2.59%
3 YEARS 3.44% 2.69%
4 YEARS 3.94% 2.74%
5 YEARS 4.79% 2.89%
7 YEARS 6.04% 3.79%
10 YEARS 6.50% 4.39%
Rates are subject to change without notice. *OAC E&OE
Prime Rate is 3.00%
Variable rate mortgages from as low as Prime minus 0.65%
Courtesy of Dominion Lending

 

The importance of mortgage portability

Wednesday, November 5th, 2014

 

Selling your current home and moving into a new one can be stressful enough, let alone worrying about your current mortgage and whether you’re able to carry it over to your new home.

Porting enables you to move to another property without having to lose your existing interest rate, mortgage balance and term. And, better yet, the ability to port also saves you money by avoiding early discharge penalties.

It’s important to note, however, that not all mortgages are portable. When it comes to fixed-rate mortgage products, you usually have a portability option. Lenders often use a “blended” system where your current mortgage rate stays the same on the mortgage amount ported over to the new property and the new balance is calculated using the current interest rate.

With variable-rate mortgages, on the other hand, porting is usually not available. As such, upon breaking your existing mortgage, a three-month interest penalty will be charged. This charge may or may not be reimbursed with your new mortgage.

 

Porting conditions
While porting typically ensures no penalty will be charged when you sell your existing property and buy a new one, some conditions that may apply include:

  • Some lenders allow you to port your mortgage, but your sale and purchase have to happen on the same day. Other lenders offer a week to do this, some a month, and others up to three months.
  • Some lenders don’t allow a changed term or force you into a longer term as part of agreeing to port your mortgage.
  • Some lenders will, in fact, reimburse your entire penalty whether you’re a fixed or variable borrower if you simply get a new mortgage with the same lender – replacing the one being discharged. Additionally, some lenders will even allow you to move into a brand new term of your choice and start fresh.
  • There are instances where it’s better to pay a penalty at the time of selling and get into a new term at a brand new rate that could save back your penalty over the course of the new term.

Courtesy of :Starr L. Webb AMP
Franchise Owner / Mortgage Expert

Dominion Lending Centres Western Lending Source

Phone: 250-574-0115

 

Happy Halloween… Vancouver’s haunted places

Friday, October 31st, 2014

1) Orpheum Theatre, 884 Granville Street

Since it was built in 1927, the Orpheum has played host to a variety of performers, including an acrobat who fell to his death during a vaudeville act. Since then, he’s been a regular fixture at the theatre, with many sightings of him — mostly as an orb of light — reported by staff and performers.

2) Vogue Theatre, 918 Granville St.

Built in 1941, the Vogue Theatre was first established as a popular venue for concerts, plays and big-name performers. It’s also reportedly home to two ghosts, one of whom entertains and spooks guests with his footsteps and the opening of doors in the downstairs dressing room area. His pal enjoys shocking folks by appearing nonchalantly, dressed in a tux and bow tie, in the seating area. The ghosts have been spottedseveral times, including by a performer while on stage.

3) The Dominion Building, 207 W. Hastings

Opened in 1909, this 13-storey building was once the tallest in the British Empire, and Vancouver’s first steel-framed highrise. It’s now headquarters to many of the city’s young creative professionals who enjoy its well-maintained heritage character and affordable rent. A building of this stature deserved the big grand opening celebration it received. Sadly, the party was cut short for its architect, John S. Helyer. It’s said he either threw himself or fell down the stairs, and was killed. Since then, his spirit has been seen — and his footsteps heard — in the stairway between the seventh and eighth floors.

4) Hotel Vancouver, 900 W. Georgia

Cue the cheesy Chris de Burgh tune: The Hotel Vancouver’s resident ghost — the lady in red, as she’s known — won’t turn down your sheets. But she may scare the bejesus out of you when the elevator makes an unscheduled stop on the 14th floor, and there she appears, an elegant beauty floating along the hallway. Some stories have her walking on the window ledge. No worries; it’s not like she’s going to fall and die.

5) Beatty Street Drill Hall, 620 Beatty

Paranormal enthusiasts seem to enjoy hearing footsteps and voices in the basement, and watching books and wall hangings fall down for no apparent reason. A mysterious unknown man has been seen in the Officers’ and Senior NCO messes. In Officers’ Row, staff have reportedly heard footsteps, had the feeling of being touched and felt cold spots, and heard the ringing of unplugged phones.

6) UBC/University Boulevard

Sometime in the 1960s, while driving on University Boulevard on their way to UBC’s main library, a couple got into an argument (or so the story goes). The young woman got out of the car and started walking in the rain. She was hit by a car and killed. But death, it seems, didn’t keep her from hitchhiking along that road. She’s been haunting young men who pick her up out of the rain by giving them a piece of paper with the library’s address on it. If the man is alone, she’ll jump in the rear seat, and then vanish. Also, at UBC’s library itself, the ghost of an older woman in a dress has been seen.

 7) Hycroft Mansion, 1489 McRae Ave 

Hycroft Mansion was a stately home built for politician and war heroGen. Alexander Duncan McRae. Since his demise, it’s been the haunt, literally, of many honourable ghostly guests, including McRae (dressed in his First World War uniform) and his wife. The home was used as a veteran’s hospital during the Second World War, which makes the ghostly sounds of a crying man seem quite appropriate. Images of the head nurse have been seen, and apparitions of at least three war vets, in full uniform, would have made any visitor stand at attention.

8) Gastown, along Cordova and Water Streets

The five-block area along Cordova and Water streets, east fromWaterfront Station, includes some pretty creepy spots. Among the breathless tales: A man wearing a bowler hat was observed in the hallway of the Bodega Hotel. Another incident involved the manager of the card shop in the Hotel Europe, who was looking into a security mirror when she saw an eccentric looking man wearing strange clothes. These apparitions were dressed not like others of our time, but as they would have appeared in the late 1800s … about the same time as the Great Fire.

9) The Old Spaghetti Factory, 53 Water St.

A decommissioned British Electric streetcar trolley from the 1950s sits in the middle of the dining room, and in it sits a ghost conductor. Longtime employees have reported hearing their names called out and feeling the presence of the mysterious diner, while vintage photos in the restaurant show a shadowy figure in a seat in the streetcar. A second ghost has also been reported: a red-headed man who likes to surprise women in the ladies’ washroom.

10) Mushroom Studios, 1234 W. 6th Ave.

Diana Ross and the SupremesLed ZeppelinHeartQueensryche,Loverboy and Sarah McLachlan all recorded there. And numerous people who’ve worked at Mushroom Studios claim it’s haunted, perhaps by one Shelley Siegel, the man who helped Ann and Nancy Wilson make it big with tunes like Dreamboat Annie, which was recorded in the building. Siegel died in his early 30s from a brain aneurysm; his body’s buried at Forest Lawn Cemetery. His spirit, however …

 

Special to The Vancouver Sun

With thanks to Lorne Richard, director of operations at Vancouver Trolley Tours, which conducts tours of local sites of murders and hauntings.

Top 10 ghostly places in Vancouver

Whats Brewing around Kamloops

Thursday, October 23rd, 2014

Kamloops’ downtown is home to many great watering holes. With some new tasty additions over the season, we thought we’d take you on our new Brew Tour! ‪#‎ExploreKamloops‬ http://bit.ly/brewtour2

Comparative Analysis by Property Type – Monthly – October 2014

Sunday, October 19th, 2014

October 2014

Kamloops and District
Median Residential Price:
(includes all areas, not just Kamloops, does not include
condominiums or mobiles)
$346,000

Kamloops only
Median Residential Price:
(does not include condominiums or mobiles)
$360,000

Most Residential Sales By Price Category

 

$280,000 -$319,999    27 sales

$320,000 -$359,999    26 sales

$360,000 – $399,999   21 sales

$400,000 – $439,999   20 sales

$240,000 – $279,999  16 sales

 

With a total of 214 residential sales in October, up from 183 residential sales in September

 

Kamloops Residential Sales by Sub-Area September 2014

Sunday, October 19th, 2014

September 2014

Kamloops Residential Sales by Sub-Area – Monthly – September 2014

  1. Sahali                           21
  2. Brocklehurst               20
  3. South Kamloops         19
  4. Aberdeen                     19
  5. Westsyde                     16
  6. North Kamloops         11
  7. Sun Rivers                     6
  8. Juniper Heights            5
  9. Batchelor Heights        3

 

SOURCE: Kamloops and District Real Estate Association

Kamloops Residential Sales by Sub-Area – Quarterly – July-September 2014

Sunday, October 19th, 2014

Top 7 Areas

Brocklehurst          74 Sales

Sahali                      72 Sales

Aberdeen                65 Sales

South Kamloops   64 Sales

Westsyde                53 Sales

North Kamloops   40 Sales

Juniper                    26 Sales

Total Sales in Kamloops 3rd Quarter 565

Is staging still important in a hot market?

Wednesday, October 15th, 2014

by Olivia D’Orazio15 Oct 2014

Today’s super-heated market is making home staging a tough sell, say agents, nonetheless arguing that it’s  essential to winning maximum sale price.

“If you spent $5,000 staging your home, it could get you another $50,000 on offer night,” David Fleming, a Toronto real estate agent and author, wrote on his TorontoRealtyBlog.com.

His advice comes even as CREA reports home sales climbed 10.6 per cent in September, with the average sale soaring 5.9 per cent to $408,795. That’s not traditionally the market that recommends staging, say agents.
But the fundamental reasons for staging are the same, regardless of market conditions, say advocates.

“You stage a property in order to drive buyer traffic and show the maximum potential of the space,” Chandra Bradley, CEO of Home Staging Visuals, tells REP. “As a result, you tend to sell faster for higher.”

Staging also helps potential buyers to see the space in a better light. For example, if potential buyers walk into an empty bedroom, they might not believe that a queen-sized bed can fit in the space, Bradley explains, but if that bed is in the room, they can see that.

Staging is also a reflection of the lightning-fast decision making of clients, who are increasingly inclined to place bids on a property before even seeing it in person. It’s for the same reason that staging the outside space is important.

“With landscaping, you need to think about colour and the exterior being well groomed. You also need to think about function in the backyard,” she says. “You want to romance the buyer, so you’re really selling the lifestyle.”

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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