Featured Property: 506 Garibaldi Drive, Upper Sahali, Kamloops, B.C. $389,000

506 Garibaldi Dr Upper Sahali Kamloops Real Estate

This upper Sahali rancher with open floor plan has had many updates in the past few years which include; new flooring, kitchen (both up and down), paint, light fixtures, some internal doors, bathroom, furnace 7 years old, appliances, landscaping and more. The inlaw suite has a separate entrance and generates $1000/month in rent. Garage was converted into master suite with sliding glass doors to yard. One bedroom and den basement suite with large living space and separate laundry. Beautiful spacious deck that overlooks large, flat, private yard. Master suite could also be used as a rec room or family room. This home shows beautifully inside and out- owner is an interior designer. All appliances included (2x fridge, 2x stove, 2x washer/dryer, dishwasher). Great location close to school, transportation and a short drive to all shopping.

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Website Devoted to Saving Tobiano

This article appeared in the Kamloops This Week on July 7, 2011 and was written by Jeremy Deutsch.

Property Tobiano Golf Resort Kamloops BCIt’s one of the premier golf destinations in Canada, but financial troubles have left Tobiano with an uncertain future. Now, a group in Kamloops is organizing in an effort to keep the golf course in local hands.

The group, Save Tobiano, has created a website and is looking for feedback and support from the public. Save Tobiano is being led by a Kamloops company called Quantum Business Golf Canada, which is a division of another company, Canada’s Mastermind Development Corporation.

Peter Cameron-Inglis, who is spearheading the group, told KTW the goal is to keep the course locally owned and open to the public. He noted the website savetobiano.ca is also being used as a tool to gather ideas to determine if there is interest in the community with respect to saving the course.

“We want to see it [Tobiano] leveraged for the community and benefit the community,” he said, adding several local businesses have already expressed interest in being a part of Save Tobiano. “It’s a jewel of the golf industry.”

Cameron-Inglis suggested one option could be for a local group to purchase the course or to simply work with the trustees or a new owner. Besides keeping the course locally owned, the group has also listed a few marketing ideas of its own.

One idea is to turn Tobiano into an  international business golf-training centre. That means offering a combination of a golf vacation to business individuals, but at the same time offering business-golf training.

Cameron-Inglis said many local companies, including his own, use the golf course to attract new business.

The group is also proposing a golf water taxi that would link Tobiano to other golf courses in Kamloops by an 18-person river jet boat. The plan would be to pick up passengers and transport them to locations along Kamloops Lake and in town.

Word of the resort’s financial woes broke on June 13, after the real-estate side of the resort and golf course were ordered into receivership by a B.C. Supreme Court judge on June 9.

Pagebrook Inc. and Kamlands Holdings Ltd., which are both companies owned by developer Mike Grenier, owe the Bank of Montreal debts totaling roughly $26 million.

The Bowra Group, which also took control of the troubled Mission Hill development in Kamloops last year, has been appointed receiver of Tobiano. At the time, the company said it intended to continue to operate the resort and golf course, but noted the process was in the early stages and the receiver could sell the resort to a new owner as a whole or sell individual lots.

With little attention, Cameron-Inglis said the website has already attracted more than 100 hits, with the response being all positive. The group is expected to start a larger campaign in the next few weeks, but is first waiting to speak with the trustees handling Tobiano.

CMDC is the company behind Race to a Million, a social-enterprise project promoting business opportunities and entrepreneurialism in the city.

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Mortgage Rates Soon Will Rise: RBC & TD

This article appeared on Canoe.ca on July 4th, 2011.

RBC Royal Bank and TD Canada Trust said Monday they will raise their benchmark five-year fixed-rate mortgage 15 basis points, to 5.54%.

Other banks are expected to follow suit, since the hike reflects rising bond returns in the wider market, which lift the costs of funds for all lenders.

Despite Monday’s news, mortgage rates are still lower than they were just three months ago, and way below historical norms. And lower promotional rates are available at most lenders, including RBC and TD.

Bank of Canada Governor Mark Carney has held the key interest rate at 1% since last September, after lifting it from a rock-bottom 0.25%. The next rate decision is due out July 19, though most economists now expect the central bank won’t resume rate increases until at least September.

Anyone hoping to buy a home with the help of Canada’s largest bank has until the end of Monday to get the best possible rate.

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