Featured Property: 1050 Sherbrooke Avenue, North Kamloops, B.C. $329,900

Kamloops Real Estate 1050 Sherbrooke Ave North Immaculate, bright second owner North Kamloops home on a large 12,000 square foot lot. This home features original hardwood floors throughout the main floor that are in perfect condition, a large one bedroom inlaw suite with a separate entrance and laundry (could easily be a 2 bedroom), updated furnace in 2005, newer central air and roof 7 years old. On the main floor there are three bedrooms, a four piece bathroom and laundry. The yard has many fruit trees (peach, pear, cherry), grape vines, two storage sheds, lane access with tons of potential to build a dream detached shop, drive-thru access from the front to the back of the home, the majority of the lot is fenced and there is a large carport. All appliances and window coverings are included in the price. This home is situated on a quiet street and is in a great family neighbourhood steps from a park. Please allow for 24 hours for all showings.

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Featured Property: 2211 Greenfield Avenue, Brocklehurst, Kamloops, B.C. $347,900

Kamloops Real Estate 2211 Greenfield Ave Brock Spacious, updated Brock home close to Elementary &  Middle Schools, transportation and shopping. This home features a vaulted living room and dining room ceiling, updated kitchen, recently painted inside and out, new flooring, updated bathroom, 2 fireplaces, central air, lazy L in-ground pool, RV parking, drive thru access to the large flat back yard and large patio in the back yard overlooking the pool area. The basement is fully finished and has a separate entrance with suite potential. Some new windows in the basement. This home has been very well maintained and shows beautifully.

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Canadian Banks Raise Mortgage Interest Rates in April 2011

This article appeared on the Globe and Mail on April 4th, 2011.

Several of Canada’s big banks are raising most of their fixed-term mortgage rates ahead of the busy spring real estate market.

Toronto-Dominion Bank said the biggest increases will be for mortgages with terms of five to 10 years, which will all go up by 0.35 of a percentage point starting Tuesday.

The move was matched by Canadian Imperial Bank of Commerce.

Royal Bank of Canada raised its rates on mortgages for five and 10-year terms by 0.35 or a percentage point, and its seven-year rate by 0.15 of a percentage point.

The posted rate for five-year closed mortgages — one of the most popular types of loans for Canadian home owners — will rise to 5.69 per cent.

The three banks will also raise their rates on one-year, three-year and four-year terms by 0.2 of a percentage point while two-year terms go up 0.3 of a percentage point.

Fixed mortgage rates, which are closely tied to the bond market, tend to climb when traders shift investment activity to riskier equity assets from bonds, which are considered safer.

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