There’s an undeniable thrill in house hunting

After all, for most of us, a home is the most expensive and important thing we’ll ever buy. Chances are, your search will turn up a lot of properties that don’t fit into your plans at all, so the excitement of finding a potentially suitable place in your sights can certainly be overwhelming.  It’s got enough rooms, the neighbourhood seems nice, and it’s in your price range. Where do you sign – right?

Well, perhaps it is the Shangri-La it seems to be – but there’s no harm in pinching yourself a few times to make sure your dream home isn’t just a mirage. By asking a few tough questions now, you can ensure the right answers down the road.

Here are 5 ways to make sure the house you are considering has

Real estate trends vary a little from year to year

Sometimes it’s a buyer’s market, and other times sellers are favored. Knowing what is going on in financial and investment sectors can often signal you whether it’s time to buy or sell. 2016 is in it's the last quarter with some very low inventory available in Kamloops, we are seeing homes in the average price range and lower are selling fasteroften going into multiple offer situations. Millennials (born between 1982 and 2002) are finally beginning to invest in real estate in larger numbers, which should continue to rise. This is still a year that favors both buyers and sellers in various markets.

The Millennials

As more and more Millennials are considering their future retirement, eighty-percent

Canada’s rental vacancy rate edged up in 2016

Mainly due to the supply of apartments increasing, but rental housing was harder to find in Vancouver and Toronto, where a long housing boom has driven real estate investment and a condo building boom.

Canada’s vacancy rate increased to 3.4 per cent in October from 3.3 per cent a year earlier, as the number of new units hitting the market outpaced the rise in occupancy, the Canada Mortgage and Housing Corp said on Monday.

The vacancy rate is the percentage of all available units in a rental property, such as a hotel or apartment complex, that are vacant or unoccupied at a particular time. It is the opposite of the occupancy rate, which is the percentage of units in a rental property that are occupied.

Toronto-Dominion is raising mortgage rates again

This time the lender is going much farther than its recent hikes.

Starting December 1, all fixed rate mortgages that take more than 25 years to pay back will cost borrowers an extra 10 basis points, or 0.1 per cent. TD is also implementing an extra cost for mortgages on rental properties, charging borrowers 25 basis points more.

The changes follow Royal Bank of Canada’s precedent-setting decision early in November to hike rates, and to also charge more for lengthy mortgages. The latter move marked the first time such a policy was implemented in Canada.

In response, TD increased its own fixed-mortgage rates a week later, but took a more measured approach. Royal Bank hiked its fixed five-year

With Kamloops having such low inventory of houses for sale you might think that a home will sell in any condition.

It is the homes that are priced correctly and leave a lasting impression on a buyer in a good way that end up selling quicker and for more money!

One of the more critical items today when selling a Kamloops home is the first impression a buyer gets when they not only walk through the front door but approach the home from the street.

Homes today that are in less than stellar condition suffer greatly when it comes time for a buyer to make an offer. In this challenging Real Estate market buyers are not forgiving. They want a turn-key home and frankly if yours isn’t one of them they have choices! This makes it far more critical for your

British Columbia home prices continued to drop sharply last month but the declines are being driven by the Vancouver market where sales continue to slump, say realtors in the province.

The British Columbia Real Estate Association, which represents about 20,000 realtors, said Tuesday that there 7,272 sales through Multiple Listing Service last month, a 16.7 per cent drop from a year ago. The total volume by dollars was $4.4 billion last month, a 24.2 per cent decline from a year ago.

The average sale price in the province was $606,787 in October, a 9.1 per cent decline from a year earlier.

“Housing demand remained mixed across the province in October,” said Cameron Muir, chief economist with the association. “Home sales across the Lower Mainland

The head of Canada's federal housing agency says regulators should explore the possibility of raising the minimum down payment required on a home as a way of easing affordability and reducing risk to the financial system.

The head of Canada Mortgage and Housing Corp. (CMHC) has opened the door to the possibility of increasing the minimum down payment needed to buy a house, though a change is not currently on the table. Evan Siddall, president and CEO of Canada Mortgage and Housing Corp., says that although politicians are tempted to help first-time buyers, low down payments fuel demand and lead to higher housing costs. Siddall says that ends up hurting the first-time buyers that the government wanted to help.

Last year, Ottawa raised the minimum down

The home-buying landscape – especially when it comes to mortgage qualification and rates – seems to be changing constantly these days.

Mortgage expert Atrina Kouroshnia makes sense of it all

Until (very) recently, Canadians were getting the short end of the stick – at least when it came to income qualifying, compared with foreign buyers. Unlike Canadians, those from outside of Canada could essentially just plunk down 35 per cent on a property in order to buy it; this without some lenders doing serious due diligence on whether they were good for the remaining capital. This had many Canadians furious about the tight guidelines and standards that they were compelled to meet, but that foreign buyers were not. Things changed last month.

You know

According to Stats Canada, over 4 million Canadians live in a home that is rented.

This translates to a lot of people who fall into either the landlord or tenant categories. Over the years, rules and guidelines have emerged with regards to renting that have become almost common knowledge. What most people don’t realize is that many of these “renting rules” or practices are not legal or enforceable.

Check out the top 8 renting myths that every landlord and tenant should know about.

1. Deposits

It is common for a landlord to ask his or her tenant for first and last months deposit; however, you may also sometimes find a landlord requesting a key or security deposit as well. According to the Residential Tenancies Act, a landlord can request no

What About My Principal Residence?

The gain on the sale of real estate is a capital gain unless the property has been purchased with the intent of reselling at a profit, or developed and sold as a business endeavour.  If it is considered a business transaction, the entire profit or loss on the sale is taxable or deductible.  If the transaction is a capital gain (principal residence, summer cottage, second home, rental home, etc.), only 50% of the gain is taxable.

If the property is the taxpayer's principal residence, the principal residence exemption may eliminate all or part of the capital gain.  The Canada Revenue Agency (CRA) policy used to be that the form need not be filed unless there is a taxable gain after deducting the principal residence