Author: Kirsten Mason

Kamloops Home For Sale: 2780 Capilano Drive, Juniper Heights, B.C. $474,900

Juniper Heights

2780 Capilano Dr., Juniper Heights, Kamloops Real EstateKamloops Home For Sale: 2780 Capilano Dr., Juniper Heights, B.C. $474,900. Awesome Juniper home, a rare find! This rancher with daylight walkout basement backs on to a large acreage property lending lots of privacy and gorgeous river and valley views.

The main floor features three bedrooms, one four piece main bathroom and a second four piece ensuite. The large master bedroom has French doors leading to the large patio and hot tub.

The main living space is open and bright with vaulted ceilings, large windows and skylights. The flooring has all been updated with a high grade laminate and tile in the kitchen. The kitchen is all updated and there is laundry off of the kitchen.

The basement level features a large rec room, forth bedroom, four piece bathroom with jetted tub and gigantic storage area. There is potential for two additional bedrooms in the basement or an inlaw suite. There is an attached 2 car garage and RV parking.

Other features include updated furnace in 2010, new roof in 2012, Central AC, fully fenced yard, this home has it all! Flexible possession available.

Limited shopping or commercial activities exist in this community. There is a small community store and deli/coffee shop named the Juniper Market. Further plans are in the works to further develop this small commercial area. There is more shopping at the foot of the Juniper hill in Valleyview where there is a Coopers foods and many other retailers. The main shopping district in Kamloops is a short 10 to 12 minute drive from Juniper Heights.

There is an elementary school located in Juniper named Juniper Ridge Elementary School. Secondary students attend Valleyview Secondary school. Students do have the option to go to high school by school bus that services the Juniper area.

There is also a fantastic mountain bike park for mountain biking enthusiasts. This park is called the Kamloops Bike Ranch. There are trails for every level which are clearly marked and maintained.

There are also sports fields and a baseball diamond in Juniper. The Juniper Ridge Elementary School does have a playground for children. Juniper is surrounded by forest and there are many trails to explore. On the silt bluffs that are between the Juniper Ridge area and Valleyview below there is an extensive network of trails for hiking and biking.

The Valleyview Arena is located at the foot of Highland Drive, the main feeder road to Juniper.

Juniper Heights has regularly scheduled public transportation.

To view all homes for sale in Kamloops click here.

Kamloops Home For Sale: 1915 Ash Wynd, Pineview Valley, B.C. $394,800

Pineview Valley

1915 Ash Wynd, Pineview Valley, Kamloops Real EstateKamloops Home For Sale: 1915 Ash Wynd, Pineview Valley, B.C. $394,800. Bright inviting two storey home in a great family neighbourhood.

This home features a nice open living room and dining room area with gas fireplace and updated flooring, the kitchen has a lot of cabinets for all your extras. There is a good sized foyer and two piece bathroom on the main floor.

The second level features a four piece bathroom, 3 bedrooms including the large master bedroom with walk in closet and four piece ensuite.

There is a separate entry to the basement which features a fourth bedroom, a four piece bathroom with lots of extra storage for linens and laundry room. The basement level could easily be converted to an inlaw suite.

The fully fenced back yard has a nice stamped concrete patio, hot tub, and fairly private yard with views of the hills. Easy access to the back yard from the main level. There is also a 2 car garage with bonus storage mezzanine above. Immaculate home that is a pleasure to show.

Pineview is closely located to all the local retailers including Aberdeen Mall, Costco, Chapters, Staples and many other stores. Stores such as Real Canadian Superstore, Safeway, Save on Foods, Winners/Home Sense, Home Depot, WalMart, Michaels are a short 5 to 10 minute drive away. There are also a number of financial institutions located within close driving distance to Pineview.

There are no schools in Pineview so children in the area attend surrounding schools,  many elementary students attend McGowan Park Elementary. Secondary students attend either Sahali Secondary school or South Kamloops Secondary.

Thompson Rivers University is located in Southgate. The campus is positioned at the intersection of Summit Drive and McGill Road. TRU is a fully accredited University and offers a variety of programs and courses to students in many different areas of study.

Surrounding Pineview, there is a large 22 acre park with hiking, jogging and cycling paths. There is a rink in the area that is an ice rink in the winter months and a basketball court or floor hockey rink in the warmer months. There is also a playground for children to enjoy.

Tournament Capital Centre is located in Southgate which is only a 5-10 minute drive from Pineview. TCC has many different facilities all in one building such as gymnastics, swimming, indoor track, fitness facility, courts and much more. There are also a number of sports fields that surround the facility.

Kenna Cartwright park is located in Southgate, sitting on 800 hectares of Mt. Dufferin and easily accessible on the north east side of the mountain (near the Home Depot) or at the top of Mount Dufferin off of Pacific Way. This beautiful park has panoramic valley views and many hiking and biking trails for the whole family.

Pineview is serviced by public transportation and there is a regular bus route that goes through the main area of Pineview.

To view all homes for sale in Kamloops click here.

Investors Group unveils 3-year mortgage at 1.99%, CBC News

Mortgage Information

This article appeared on CBC News and was posted May 13, 2014 by Pete Evans. Investors Group unveils 3-year mortgage at 1.99%, CBC News.

Canada’s mortgage market was shaken up with a mortgage rate below two per cent on Tuesday as Investors Group unveiled a three-year variable rate mortgage at 1.99 per cent.

The Winnipeg-based financial services firm posted the rate on its website Tuesday, offering a 36-month term at a variable rate 101 basis points below IG’s current prime rate of three per cent.

“It’s probably something we may see more of,” Toronto mortgage broker Marcus Tzaferis said. “They offer it up so they can cross-sell their investment products.”

The offer comes with strings attached — namely that you can’t break the mortgage for any fee during the three-year term, unless you sell your home. But the offer does come with the ability to double up monthly payments, or pay a 15 per cent lump sum once a year.

In real dollar terms, it could knock a lot of money off a mortgage payment, at least over the short term. A standard 25-year $500,000 mortgage at a five-year rate of 2.99 per cent works out to $2,364 a month. That mortgage under IG’s new terms would be $2,115 a month — savings of $249 monthly, at least for the first three years, and as long as the variable rate doesn’t increase.

Tzaferis speculates the company is willing to take a loss on the home loan temporarily in the hopes of making money elsewhere down the line.

“They get the opportunity to wrap you up and cross-sell their mutual funds and you’ll probably renew and pay an extra half a per cent for a five-year then,” he said.

Investors Group’s five-year posted rate is currently at 3.4 per cent, slightly higher than what the market-leading big banks are offering.

Tzaferis says he recalls seeing five-year variable rate mortgages below two per cent several years ago, but it’s believed this is the first such posted product since the recession that began in late 2008. Kelvin Mangaroo, president of mortgage comparison website RateSupermarket.ca, says it’s the lowest rates he has seen in his company’s six-year history.

“I think they were trying to break the psychological barrier of two per cent to generate some interest … ahead of the peak spring buying season,” Mangaroo said.

“Rates will go up over time, but it looks like it won’t be any time soon,” he said.

In 2012, a number of Canadian banks offered five-year mortgage rates below three per cent — something that earned them a stern rebuke at the time from then-finance minister Jim Flaherty. The banks quickly dropped the offer.

In March, Bank of Montreal again offered a five-year rate of 2.99 per cent, a deal that Flaherty’s successor Joe Oliver was much more silent about.

Oliver released a statement Tuesday following news of the rate, noting the government has moved repeatedly in recent years to tighten lending rules and keep a lid on consumer debt and the housing market, but offering no hint it has any pressing intervention plans.

“I will continue to monitor the market closely,” the statement read.

Kamloops Home For Sale: 14-1263 Kootenay Way, South Kamloops, B.C. $145,000

South Kamloops

14-1263 Kootenay Way, South Kamloops, Kamloops Real EstateKamloops Home For Sale: 14-1263 Kootenay Way, South Kamloops, B.C. $145,000. This four year old two bedroom plus den, two bathroom home is on a double lot backing onto a lush field.

The big yard is great for kids to play and summer barbecue on the new composite deck. There is nice dark hardwood flooring and a five piece ensuite with a separate soaker tub. The master bedroom is large and the den could easily be converted into another bedroom.

Home has drywall, not paneling, with vaulted ceilings. Low pad rent of $300/month. Storage shed included at the back.

This park is located a short five minute drive from Downtown Kamloops. Residents have easy access to the Yellowhead Highway and Highway #1, great for getting around. This home is located in an area where there is a lot of farmland and rural properties making you feel like you are no longer in the city.

The north shore shopping district is also a short distance away, only a five to seven minute drive.

There are not any schools close by. Students often have alternate transportation.

There is local transportation about a 2 block walk to the closest bus stop.

This park is located close to the river. There are a number of beaches and riverbanks nearby to explore. The rivers trail is a short five minute drive away as well.

To view all homes for sale in Kamloops click here.

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