Kamloops Mortgage Info: Is It The Right Time For You To Buy A Home?

Mortgage Information

Sheila Minten TD Canada Trust Mobile Mortgage Specialist Kamloops BCThe question on many people’s minds right now is, “Is this the right time to buy a home in Kamloops”.  This is a question that is very individual to each person.  There is no way to predict the Kamloops housing market and thus makes this a very difficult question to answer.  It is like trying to predict the stock market so you buy low and sell high.  History shows that the average person is not very good at this.

There is something out there that can help you with your decision making process and that is interest rate.

When using interest rates to guide us, we know that they are at an all time low right now, resulting in significant savings.  For purchasers waiting to see if prices are going to drop more before they buy, think about this: a 1% increase in the interest rate will cost you approximately an extra $10,500 over 5 years (based on a $300,000 at the current 5 year rate and a 35 year mortgage).  The question becomes do you want to risk paying $10,000 in hopes that the housing prices decrease enough to make that back in your purchase price?

With housing prices stabilizing and the rates hitting rock bottom, this makes for a very affordable borrowing and for some buyers a great time to buy.

Sheila Minten, Mobile Mortgage Specialist, TD Canada Trust
P. 250-852-0420 E. [email protected] 

British Columbia Real Estate Associations MLS® Transaction Sales Statistics For B.C.: 2nd Quarter of 2010

B.C. Real Estate News, Kamloops Real Estate Statistics

The British Columbia Real Estate Association released sales statistics from all B.C. Real Estate boards comparing the MLS® transaction volumes for 2009 and 2010. I have included all charts including the larger Real Estate board areas for the sake of comparison. Click on the image to enlarge.

Kamloops Housing Market 2010 vs. 2009 sales MLS transactions by Board Area Statistics Information

Kamloops Real Estate MLS Transaction Volume and Statistics by Board Area

BC Housing Market 2010 Quarter 2 charts statistics Information

BC Housing Market 2nd Quarter 2010 MLS Transaction Sales Statistics

2010 Year To Date MLS Transactions By Board Area Statistics 2nd Quarter Larger Real Estate Board Area

2010 Year To Date MLS Transactions By Board Area Statistics 2nd Quarter Larger Real Estate Board Area

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Kamloops Home Inspections: Ladder Safety & Getting Your Garden Ready For The Fall

Home Inspection Information

Todd Hrycenko Home InspectorLadder Safety

As a home inspector in Kamloops I spend a lot of time using a variety of ladders to do my job.  Ladders are dangerous pieces of equipment, if not handled correctly or you are unfamiliar with them. Homeowners in Kamloops should think about a few things before you climb the ladder to perform fall maintenance tasks, and take these safety precautions.

• There should only be one person on the ladder at one time.

• Never leave a raised ladder unattended.

• Be sure all locks on extension ladders are properly engaged.

• All metal ladders should have slip-resistant feet.

• The ground under the ladder should be level and firm.

• Don’t carry objects in yours hands while on a ladder.

• Keep your body centered between the rails of the ladder at all times.

* Inspect your ladder every time before you use it for broken or excessively warn out parts.  As someone who has taken the fast ride to the ground from roof height, believe me you don’t want to realize your ladder has a defect too late.

Maintenance Matters

Fall is the time of year to prepare your garden for the fall months ahead. I know with the temperatures still hovering around 30 degrees in Kamloops nobody wants to think about winter or even fall, but your plants and garden already are.  Here are some tips to help you with your fall garden prep.

• Bring tropical and other plants inside for the fall.

• Dig and store summer and fall-flowering bulbs.

• Avoid heavy pruning of trees and shrubs going into the fall months.

• Apply a layer of mulch about 2 to 4 inches deep to the floor of the garden.

• Apply mulch or a wrap around the base of bushes and trees to protect them from the cold temperatures.

• Rake up any leaves that may have already fallen.

• Turn off the water supply to your hose tap and irrigation systems.

• Fallize garden furniture if necessary.

• Fertilize to give your garden one last nutrition boost before fall.

• Empty out and bring in any pots that could break in cold temperatures.

• Plant spring-flowering bulbs with their roots down.

Todd Hrycenko, Global Property Inspections
Phone: 250-371-2787 [email protected]
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