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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.”

Housing market off to solid fall season

Wednesday, October 15th, 2014

by Jamie Henry15 Oct 2014

Canada’s housing market – including condo sales – is off to a solid start this fall, with new data pointing to a near 11 per cent rise in sales for September compared to a year ago.

Nationally, sales for all property types rose 10.6 per cent to 42,151 units, led by significant gains in British Columbia, Saskatchewan, New Brunswick and Prince Edward Island. New listings rose eight per cent, thanks to growth in the Maritime provinces, while the average price increased almost six per cent, to $408,795.

Calgary realized the greatest rise in sales, up 31.2 per cent to 488 units sold in September, while the average price rose 8.8 per cent to $318,913. In Toronto, sales rose 20.2 per cent to 1,976 units with average price hiking 7.1 per cent to $366,588.

That increase in activity is being felt on the ground.

“A lot of people start looking for homes, or take up their search again, so I’m not surprised that sales are up,” says David Fleming, an agent with Bosley Real Estate in Toronto. “[September] is one of the busiest months of the real estate calendar.”

In terms of prices, Vancouver experienced the greatest rise, up 11.3 per cent to $476,498. During the month of September, 1,191 condos were sold in the West Coast city.

September’s performance is largely in line with industry expectations.

In August, CREA’s chief economist Gregory Klump accurately predicted no slowdown to Toronto’s housing market. “That’s because there’s a shortage and there will be a shortage because the city is trying to densify,” he said.

Supermoon Sunday night September 7th

Saturday, September 6th, 2014

THOMPSON-OKANAGAN – Attention all sky-watchers, the last supermoon of 2014 will cruise across the night sky on Sunday.

The moon will be 358,398 kilometers from earth making it about 15 per cent brighter and roughly 7 per cent larger, according to National Geographic. Since the distance to earth is 50,000 kilometres closer than other full moons, it’s get the supermoon monicker.

A supermoon happens during the monthly full moon or perigee when it’s egg shaped orbit takes the moon to its closest point to the earth.

“While this is nothing special from a science perspective, it is no doubt very poetical and very romantic,” Adler Planetarium astronomer Geza Gyuk tells National Geographic.

Getting a good view of the supermoon depends on the weather where you are Sunday night since the orb will be visible all night. The Environment Canada forecast for the Thompson and Okanagan regions is calling for partly cloudy skies Sunday evening so weather shouldn’t be an issue.

For the best photos and viewing, it’s recommended you get outside just after sunset when the sky is getting dark. Apparently that’s when the super moon will be at it’s most dramatic.

There were two other supermoons this summer, with the one on Aug. 10 being the brightest and the closest.

2014 Adams River Salmon Run, Kamloops, British Columbia

Wednesday, August 20th, 2014

Kamloops is full of events just around the corner!  Don’t miss the long anticipated Salute to the Sockeye which is in a dominant year – expect to see millions of sockeye!

2014 is a dominant run, with millions of fish to be seen.  The Adams Run Salmon Society coordinate the celebration known as the “Salute to the Sockeye” during the dominant years – held Friday October 3rd, 2014 to Sunday October 26th 2014.  Usually the salmon return during the first 3 weeks of October with Thanksgiving being the peak weekend.

Overlander days to showcase the Kamloops North Shore

Saturday, August 16th, 2014

KAMLOOPS – This Saturday, Aug. 16 from 10 a.m. to 4 p.m McDonald Park will play host to a celebration honoring everything that makes the North Shore special, from the people and parks to the businesses and services.

Business improvement association executive director Steven Puhallo says this year Overlander Days will once again feature the Tastes of the North Shore but will include several new additions with proceeds from food sales going towards the Meals On Wheels program.

Several new attractions will also be set up for kids, including a dunk tank — proceeds to People in Motion, henna art and local firefighters with a firetruck. There’ll also be face painting, free access to the pool and splash pad, games, inflatable bouncers, princesses and super heroes.

A special seniors area will once again be set up. Live entertainment featuring local performers and demonstrations — including martial arts, yoga and fitness — is scheduled with Paisley Groove headlining in the afternoon. Information booths and businesses will also be on hand and for those cycling to the park, a bicycle valet will be available.

The event takes place Saturday, Aug. 16 from 10 a.m. to 4 p.m. at McDonald Park.

Currently Environment Canada is calling for cloudy with a chance of rain and a high of 25 Celsius on Saturday.

To contact a reporter for this story, email Jennifer Stahn at jstahn@infonews.ca or call 250-819-3723.

After a lacklustre start to the year, Kamloops Real Estate sales are on the upswing. Find out which area is the most popular here

Thursday, August 14th, 2014

After a lacklustre start to the year, Kamloops Real Estate sales are on the upswing. Find out which area is the most popular here: http://cfjctv.com/story.php?id=20814

Findriks

B.C. has a height limit of 6 storeys. Will high rises be built of wood?

Thursday, August 14th, 2014

Adera Development Corporation’s Sail condo development at the University of B.C. in Vancouver includes two six-storey wood-frame buildings.

In the five years since B.C. increased the height limit for wood-frame buildings, new structures have been popping up all over the province. Now lumber’s biggest advocates are predicting they can build higher than they ever expected.

Since 2009, when the province raised the limit for wood-frame buildings to six storeys from four, 202 new five- and six-storey buildings have been approved, including 58 that are already complete.

Among the finished structures are the two buildings at Sail, a six-storey condo development at the University of B.C., the five-storey Library Square development in Kamloops and the five-storey Riverport Flats rental development in Richmond. The new projects come as the province pushes to revitalize the forestry industry and find new markets for wood projects.

But builders can go even higher than six storeys if they use mass timber — also known as massive timber. Unlike the light-frame or stud construction used to build houses and low-rises, mass timber is made by bonding together thin layers of wood to create a material that is much stronger and more fire-resistant than lumber.

To get approval for mass timber structures higher than six storeys, developers must prove that the building will be just as safe as if it were built with concrete and steel.

Vancouver architect Michael Green has been one of the world’s strongest voices in support of tall wood buildings. He grabbed attention with the audacious claim that mass timber construction can be used for structures as tall as 30 storeys, but he now believes he wasn’t shooting high enough.

“I’ve been saying 30 for a long, long, long time … but I picked the number 30 out of the air,” he said.

“I am quite convinced that we’re going to get to 40, we’re going to get to 45. I don’t know where we’re going to end.”

He believes that as these buildings push higher and higher into the sky, concrete and steel will be incorporated into the structure in an attempt to get the most out of each material.

Green’s firm designed the Wood Innovation and Design Centre in Prince George, a seven-storey mass timber building at the University of Northern B.C. that was recently completed and should be cleared for occupancy in a few days.

Now he’s got his sights on much bigger things. Although he couldn’t give any details, he said his firm is now working on a “very large timber project” in Minneapolis with a large developer that has traditionally built skyscrapers.

And later this week, Green will submit his proposal for a groundbreaking new 16-18 storey wood student residence building at UBC.

“It will absolutely be the world’s tallest. It’s absolutely one of the most important wood projects to be announced in the last, well, ever,” he said.

“It’s a huge step for UBC and even if I don’t get the project, I’m tremendously honoured that everybody has embraced the idea to this extent.”

Green talks about wood with reverence, describing the beauty of lumber and the human desire to be surrounded by natural materials.

But he has practical reasons for advocating for wood as well.

“Sixteen per cent of the world’s fossil fuels go into making steel and concrete,” Green said. “How can we build big buildings in wood that sequesters carbon, that’s very low energy, that we can grow more of, that’s a renewable resource?”

On Monday, forest research organization FPInnovations launched a technical guide to help builders become familiar with wood as a construction material. It includes peer-reviewed research on building techniques.

Natural Resources Canada, which funded the creation of the guide, said in a news release Monday that “increasing the number of tall wood buildings is a priority for economic growth opportunity.”

Conroy Lum, FPInnovations’ research leader for structural performance in advanced building systems, said that incorporating wood will be key as the world’s population grows and becomes even more concentrated in urban areas.

“There’s going to be greater demand for buildings, both to provide service as well as to house people,” Lum said.

“If we can we do it with a material that allows us to deal with minimal impact to the environment, that would be preferred.”

He believes that Canada’s building codes are in need of a reboot to reflect the fact that fire-prevention science has advanced significantly in recent decades.

“Let’s start from fresh. Let’s look at the materials closely. Let’s see how can we go about building and designing with wood that will help us mitigate the risk,” he said.

blindsay@vancouversun.com

Read more: http://www.vancouversun.com/future+highrises+Wood+naturally/10112748/story.html#ixzz3ANhsbcxF

The trio of contenders for title of ‘Canada’s wealthiest city

Wednesday, August 13th, 2014

Vancouver, Toronto and Calgary remain the wealthiest cities in the country but the gap between them in average household net worth is narrowing, according to data released Monday by Environics Analytics, a marketing services and data analytics company.

WealthScapes 2014, a database on the assets, liabilities and wealth of Canadians to December 2013, found that the average household net worth in Vancouver was $710,095 followed by Toronto at $693,652 and Calgary at $680,377.

“But the difference in affluence is getting smaller as the net worth in Vancouver, Toronto and Calgary grew by 6.5 per cent, 8.8 per cent, and 10.8 per cent, respectively, compared to 2012,” it said. “While increases in liquid asset and debt were similar among the three cities, the key differentiator was real estate values — up a modest 2.8 per cent in Vancouver, a strong 6.6 per cent in Toronto and roaring 9.1 per cent in Calgary.

“Vancouver continues to reign as Canada’s wealthiest city because of its pricey real estate — averaging $579,250 per household compared to $535,002 in Toronto and $485,364 in Calgary. Canada’s most populous city, Toronto, benefitted from a 6.1 per cent rise in savings — nearly triple the national average — and a 3.7 percent decline in consumer debt — which is a significant drop given that nationwide consumer debt remained essentially unchanged. And in addition to its healthy real estate performance, Calgary benefitted from a 2.9 per cent decline in consumer debt; those two indicators ranked among the best for large cities.”

Lawn and Garden water saving tips

Thursday, August 7th, 2014

 

In the summer months, municipal water use doubles. This is the season when Canadians are outdoors watering lawns and gardens, filling swimming pools and washing cars. Summer peak demand places stress on municipal water systems and increases costs for taxpayers and water users. As water supplies diminish during periods of low rainfall, some municipalities must declare restrictions on lawn and garden watering. By applying some handy tips, your lawn and garden can cope with drought conditions and you can minimize water wastage.

General tips
Much of the summer peak demand is attributed to lawn and garden watering. Often, water is applied inefficiently, resulting in significant waste due to over watering, evaporation or run-off.

Here are some general watering tips to help avoid wasting water:

  • Before watering, always take into account the amount of water Mother Nature has supplied to your lawn or garden in the preceding week. Leave a measuring container in the yard to help monitor the amount of rainfall (empty it once per week). Also bear in mind any watering restrictions that may apply in your municipality.
  • Water in the early morning, before 9AM, to reduce evaporation and scorching of leaves from the sun. Water on calm days to prevent wind drift and evaporation.
  • Set up your sprinkler or hose to avoid watering hard surfaces such as driveways and patios. If you’re not careful, it’s water and money down the drain.

Water slowly to avoid run-off and ensure the soil absorbs the water.

  • Regularly check your hose or irrigation equipment for leaks or blockages.
  • Collect rainwater from your roof in a rain barrel or other large container and keep it covered with an insect screen. Direct the down spout of your eavestroughs into the rain barrel.
  • Choose an efficient irrigation system. A soaker hose placed at the base of plants on the ground applies water to the soil where it’s needed – rather than to the leaves – and reduces evaporation. Drip or trickle irrigation systems are highly efficient because they deliver water slowly and directly to the roots under the soil surface. This promotes deeper roots, which improve a plant’s drought resiliency. If you use a sprinkler, choose one with a timer and that sprays close to the ground.

Other outdoor activities
Lawn and garden watering is not the only outdoor activity contributing to summer peak demand. You can lower your water bill and relieve the burden on municipal water supplies by doing the following:

  • Use a broom instead of water to remove debris from paved surfaces such as driveways.
  • Use a bucket and sponge to wash and rinse your car, instead of a hose.
  • Cover swimming pools when they’re not in use to reduce evaporation.

 

Local Food trucks and where they can be found

Tuesday, August 5th, 2014

Looking for your favourite food truck? Here is a guide to where you can find your favourite food truck downtown till the end of the 2014 season.

SAMIDGES Food Truck was located. Despite, some impressive menu items including their signature Samidge made up of thinly sliced roast beast, lettuce, tomatoe, sautéed mushrooms, onions, cheddar and mayo on a toasted hoagie while looking and tasting like a cross between a beef dip and a sub.

 BELLRINGER Espresso is perhaps the biggest of the bunch in terms of physical size, neatly housed in a converted school bus. Despite room to move inside that also includes a few chairs and tables in the back in case of inclement weather, Bellringer keeps it fairly simple offering hot and iced coffee drinks, impressive organic smoothies plus signature sandwiches, special culinary plates of the day and fair trade coffee by the pound. 

PIG RIG Cat & Joe’s precisely featuring southern BBQ  succulent smelling food truck . Who could resist pulled pork tacos?  BBQ pulled pork topped with slaw and in between Tequila Habanero sauce and chipotle aioli on a “Fresh is Best” corn tortilla.

EAT AMORE specializes in homemade pastas, salads, sandwiches, and deserts. To the best of their abilities they serve S.S.O.L. Food, (seasonal, sustainable, organic and local) in all dishes. Like the Italian Delight  featuring whipped bourzin, lots of local arugula, fresh mozza, prosciutto and balsamic drizzle or the  Meatball sub featuring local grass fed beef.

SCHEDULE TILL END OF THE SEASON

                                                   2nd and Seymour      5th and Victoria      by TNRD

AUG – 26 days
1 BELLRINGER x SAMIDGES
2 BELLRINGER x SAMIDGES
4 EATS AMORE SAMIDGES x
5 SAMIDGES EATS AMORE x
6 EATS AMORE SAMIDGES x
7 CAT & JOE’S PIG RIG SAMIDGES x
8 SAMIDGES x BELLRINGER
9 BELLRINGER x SAMIDGES
11 SAMIDGES BELLRINGER x
12 EATS AMORE SAMIDGES x
13 SAMIDGES EATS AMORE x
14 SAMIDGES CAT & JOE’S PIG RIG x
15 BELLRINGER x SAMIDGES
16 BELLRINGER x SAMIDGES
18 EATS AMORE SAMIDGES x
19 SAMIDGES EATS AMORE x
20 EATS AMORE SAMIDGES x
21 CAT & JOE’S PIG RIG SAMIDGES x
22 SAMIDGES x BELLRINGER
23 BELLRINGER x SAMIDGES
25 SAMIDGES BELLRINGER x
26 EATS AMORE SAMIDGES x
27 SAMIDGES EATS AMORE x
28 SAMIDGES CAT & JOE’S PIG RIG x
29 BELLRINGER x SAMIDGES
30 BELLRINGER x SAMIDGES
2ND & SEY(ST ANDREWS) 5TH AVE & VIC ST 5TH AVE (TNRD)
SEPT – 26 days
1 EATS AMORE CAT & JOE’S PIG RIG x
2 CAT & JOE’S PIG RIG SAMIDGES x
3 SAMIDGES EATS AMORE x
4 CAT & JOE’S PIG RIG SAMIDGES x
5 SAMIDGES x BELLRINGER
6 BELLRINGER x SAMIDGES
8 CAT & JOE’S PIG RIG BELLRINGER x
9 SAMIDGES EATS AMORE x
10 BELLRINGER SAMIDGES x
11 SAMIDGES CAT & JOE’S PIG RIG x
12 EATS AMORE x SAMIDGES
13 SAMIDGES x BELLRINGER
15 CAT & JOE’S PIG RIG EATS AMORE x
16 BELLRINGER SAMIDGES x
17 SAMIDGES EATS AMORE x
18 CAT & JOE’S PIG RIG SAMIDGES x
19 SAMIDGES x BELLRINGER
20 EATS AMORE x SAMIDGES
22 BELLRINGER EATS AMORE x
23 SAMIDGES CAT & JOE’S PIG RIG x
24 BELLRINGER SAMIDGES x
25 SAMIDGES CAT & JOE’S PIG RIG x
26 EATS AMORE x SAMIDGES
27 SAMIDGES x EATS AMORE
29 CAT & JOE’S PIG RIG BELLRINGER x
30 EATS AMORE SAMIDGES x
2ND & SEY(ST ANDREWS) 5TH AVE & VIC ST 5TH AVE (TNRD)
OCT- 27 days
1 EATS AMORE SAMIDGES x
2 CAT & JOE’S PIG RIG SAMIDGES x
3 SAMIDGES x EATS AMORE
4 EATS AMORE x SAMIDGES
6 EATS AMORE CAT & JOE’S PIG RIG x
7 SAMIDGES BELLRINGER x
8 BELLRINGER SAMIDGES x
9 SAMIDGES CAT & JOE’S PIG RIG x
10 BELLRINGER x SAMIDGES
11 SAMIDGES x EATS AMORE
13 CAT & JOE’S PIG RIG BELLRINGER x
14 CAT & JOE’S PIG RIG SAMIDGES x
15 SAMIDGES EATS AMORE x
16 CAT & JOE’S PIG RIG SAMIDGES x
17 SAMIDGES x EATS AMORE
18 CAT & JOE’S PIG RIG x SAMIDGES
20 BELLRINGER EATS AMORE x
21 SAMIDGES EATS AMORE x
22 BELLRINGER SAMIDGES x
23 SAMIDGES CAT & JOE’S PIG RIG x
24 BELLRINGER x SAMIDGES
25 SAMIDGES x CAT & JOE’ PIG RIG
27 EATS AMORE CAT & JOE’S PIG RIG x
28 BELLRINGER SAMIDGES x
29 SAMIDGES EATS AMORE x
30 CAT & JOE’S PIG RIG SAMIDGES x
31 SAMIDGES EATS AMORE x

 

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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