Are You Covered? A Homeowner’s Insurance Guide

No one likes to think about disasters. Severe weather, fire, theft—or even a seemingly small issue like a broken pipe—can wreak havoc on your home and result in thousands of dollars in damages. Fortunately, a good homeowners insurance policy can offer you peace of mind that you and your family will be financially protected if disaster strikes. A homeowners ...

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Owning Versus Renting in Canada

Owning Versus Renting in Canada Mortgage Professionals Canada released a very interesting report today, Owning versus Renting a Home in Canada. In the report, they compare the expected costs of housing for Canadians who will choose to rent versus those who choose to own. In the 266 scenarios examined in the report, taken from a broad cross-section of region...

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Credit Score: How does it work?

Your credit score is critical when obtaining credit these days, yet many people are unclear about what makes up their score. Credit scores range from 300 to 900 with most mortgage lenders requiring a minimum of a 680 score. Many factors go into your score but the 2 largest contributors are how you make your payments and how much of your available credit you ...

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Wildfires: Impact on Buying and Selling Real Estate

Wildfires: Impact on Buying and Selling Real Estate Once again, Kelowna finds itself in the middle of numerous forest fires. With our dryer climate and higher temperatures, it’s a natural hazard we face each year. Along with the emotional and physical damage that homeowners experience, how do wildfires impact buying and selling real estate? When there is an ...

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Increasing Awareness Of Domestic Violence in Our Community

INCREASING AWARENESS OF DOMESTIC VIOLENCE IN OUR COMMUNITY Kelowna Women’s Shelter Support and Education Programs Get Boost from Local REALTORS® Kelowna 25 July, 2018 – Broker Manager, Dave Favell of Royal LePage Kelowna presented a cheque to Executive Director, Karen Mason and Resource Development Coordinator, Kathleen Lemieux of the Kelowna Women’s Shelter...

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How to Avoid the Top 8 Home Inspection Mistakes

It’s easy to get swept up in the excitement of buying a home. Once you’ve had an offer accepted on your dream house, you’ll probably be anxious to move in. However, before you make a significant financial commitment, it’s best to know exactly what you’re buying. When you hire a home inspector, you get a professional, in-depth examination of the property’s st...

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Are You Falling Behind On Your Home Equity Loan?

Mortgage rates have now been on an upward trend for over a year, and this trend is expected to continue, which could create some trouble for those homeowners with Home Equity Lines of Credit (HELOC). The HELOC has been a very popular product as it gives people access to the equity in their home when they want it through a revolving line of credit. The challe...

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Interest Rates Shouldn’t Be All We Focus On

Interest rates have now been climbing for a year and have received a lot of attention in the media, but rates shouldn’t be all we focus on when choosing a lender or mortgage product? In today’s world, people change jobs and often homes more often than previous generations did, so having flexible mortgage terms can often save you more than a few p...

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Real Estate Relocation Guide: 7 Steps to a Seamless Move

Whatever your reasons are for relocating to a new area, the process can feel overwhelming. Whether you’re moving across across town or across the country, you’ll be changing more than your address. Besides a new house, you may also be searching for new jobs, schools, doctors, restaurants, stores, service providers and more. Of course you’ll need to pack, ma...

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10 Staging Secrets From the Pros for a Quick Home Sale at Top Dollar

According to the National Association of Realtors, staging a home prior to listing it can result in a faster and more profitable sale.1 In fact, the Real Estate Staging Association estimates that professionally staged properties spend 73 percent less time on the market, receive more foot traffic, and typically sell for more money.2 Source: National Associati...

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Legalizing Marijuana – Don’t put your house at risk!

Marijuana may become legal in the coming months, but growing it in your house is still a really, really bad idea. Unfortunately, at this point lenders and insurers view one plant on the deck or out in the garden, the same as 100 plants in a moist and moldy basement, and this can cause problems with financing and insuring your home. Most lenders will not fina...

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Are House Prices Going to Drop?

The number one question I am hearing recently is, “Are house prices going to drop because of these new mortgage and tax rules?” First, I don’t know for sure, but based on what I see in the market and the actual stats, not the headlines, I think the market will definitely slow but not drop. Let’s remember, last year was the best year e...

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Q1 2018 Results – Canada and Kelowna

The Q1 2018 Royal LePage House Price Survey reveals that the price of a home in Canada increased 6.2 per cent year-over-year to $605,512 in the first quarter of 2018 while the aggregate price of a home in Kelowna grew in the first quarter of 2018 by 9.6 per cent year-over-year to $632,477, according to the Royal LePage House Price Survey. Canadian Report:  ...

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HOUSE CARE CALENDAR: Seasonal Guide

Home Maintenance Guide   From summer vacations to winter holidays, it seems each season offers the perfect excuse to put off our to-do list. But be careful, homeowners: neglecting your home’s maintenance could put your personal safety—and one of your largest financial investments—at serious risk. In no time at all, small problems can lead to extensive a...

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The Home Buyer’s Guide to Getting Mortgage Ready

Don’t wait until you’re ready to move to start preparing financially to buy a home. If you’re like the vast majority of home buyers, you will choose to finance your purchase with a mortgage loan. By preparing in advance, you can avoid the common delays and roadblocks many buyers face when applying for a mortgage. The Office of the Superintendent of Financia...

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Home Design Trends to Watch in 2018

Home Design Trends to Watch in 2018  We frequently get questions from clients who are taking on decorating and remodeling projects and want to ensure their dollars are invested wisely. Which looks will last for years to come, and which ones will feel dated quickly? What colors and styles are most popular among buyers in our area? How can I add the most valu...

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Medallion Award

  Super excited to announce that Team Weeks has earned the FVREB 2018 medallion award given to the Top 10% of realtors in the Fraser Valley.  2017 was an amazing year and we couldn’t have done it without our fabulous clients, family and friends! Thank you. Congratulations as well to our colleagues who achieved this award! Whohoo! Let’s see what we can d...

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