September 25, 2012

New HOME BUYERS GUIDE K A M L O O P S

THIS WEEK

Monthly

SEPTEMBER 2012 VOL. 8 NO. 9

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NEW HOMES

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Before taxes, single-bedroom homes start at about $180,000 and climb to about $210,000.

Two-bedroom abodes range from $270,000 to $350,000.

Some of the homes also come complete with dens.

One-bedroom units cover about 655 square feet, while twobedrooms range from about 975 square feet to 1,075 square feet.

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Tuesday, September 25, 2012 ❖ C3

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NEW HOMES

Along with the spectacular views, Mission Hill units feature kitchen islands, ensuite bathrooms for bedrooms and hand-set ceramic tile floors in the foyers.

To view Kamloops’ newest address, call Royal LePage Kamloops Realty at 250-374-3022.

Mission Hill: It’s the view, proximity and more

By Michael Potestio SPECIAL TO KTW editor@kamloopsthisweek.com

The Mission Hill development — with stunning views of the Thompson River and the North Shore as it rises between West Victoria Street and Summit Drive — is ready for new homeowners.

Mission Hill consists of a mix of one- and two-bedroom condominiums, with 54 units in a six-floor building overlooking Kamloops’ pristine landscape.

The grand opening was held on Saturday, Sept. 22, with units complete and ready to be sold.

Kyle Braithwaite — project manager with Mission Hill developer Brentwood Developments — is encouraging people to check out the homes.

There are a couple of show suites on site, in addition to a sales office.

“All units are available and ready for immediate occupancy,” said Braithwaite, noting there will be more phases created at Mission Hill in the future.

Mission Hill’s views are among its main features, but there

is much more that makes the development an attractive buy.

Its proximity to areas such as the Kamloops downtown core, Thompson Rivers University and the Sahali shopping district gives homeowners a great location.

Before taxes, single-bedroom homes start at about $180,000 and climb to about $210,000, said Braithwaite. Two-bedroom abodes range from $270,000 to $350,000.

Some of the homes also come complete with dens.

One-bedroom units cover about 655 square feet, said Braithwaite, while two-bedrooms range from about 975 square feet to 1,075 square-feet.

“These homes are perfect for new homebuyers and people looking to downsize,” said Braithwaite.

The units have nine-foot-high ceilings and spacious decks, which are perfect for entertaining.

Braithwaite said Mission Hill was constructed with steel and concrete, which improves the sound attenuation.

“The building is built with steel and concrete; therefore, it’s quiet,” said Braithwaite.

The development is also protected through the National Home Warranty Program.

This provides buyers with the New Home Warranty, which offers two years of coverage on labour and materials, five years of coverage on the building envelope and 10 years of coverage on major structural items.

“So, it provides [the] purchasers peace of mind that they’re buying a quality product that’s protected through the warranty program,” said Braithwaite.

The homes have myriad features, including hand-set ceramic tile floors in the foyers, easy-touch light switches, large windows, walk-in closets and ensuite bathrooms for the bedrooms.

There is also dedicated parking for each unit.

The kitchens boast granite countertops and are equipped with stainless-steel appliances, said Braithwaite, noting the units also feature central heating and air conditioning.

The kitchens include islands, or breakfast bars, ceramic floor tiles, a gas range, energy-efficient dishwashers and 18-cubic-foot refrigerators.

Braithwaite is looking forward to a positive response with the development and moving forward with future phases.

For more information on Mission Hill, contact Royal LePage Kamloops Realty at 250-374-3022.

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C4 ❖ Tuesday, September 25, 2012

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NEW HOMES

Dollar volume of home sales declines in B.C. The British Columbia Real Estate Association (BCREA) reports that the dollar volume of homes sold through the Multiple Listing Service (MLS) in

B.C declined 25.4 per cent to $2.6 billion in August, compared to the same month last year.

A total of 5,337 MLS residential-unit sales were

recorded over the same period, down 17.9 per cent from August 2011.

The average MLS residential price was $491,145, nince per cent

lower than a year ago.

“Consumer demand continued to trend lower in August,” said Cameron Muir, the BCREA’s chief economist.

“Tighter mortgagecredit conditions introduced in July appear to be

taking a toll on an already tentative market.

“However, with home sales slower than improving economic conditions suggest, a rebound may be in store before year-end.”

Year-to-date, B.C residential sales dollar volume

declined 17.5 per cent to $26.2 billion, compared to the same period last year.

Residential unit sales dipped 9.1 per cent to 50,131 units, while the average MLS residential price was 9.3 per cent lower at $521,599.

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TUESDAY, September 25, 2012 ❖ C5

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LOCAL COMPANY EXPANDS

Fireplaces, furnaces, plumbing...and now home appliances A longstanding 55-year-old local plumbing and heating business, J. Walsh & Sons Heating and Plumbing Ltd., has decided to build on its solid foundations and expand into appliances.

The Appliance Gallery, sleek with high-end fridges, stoves and ovens now occupies a portion of the shop floor at 2321 E. Trans Canada Hwy. The Appliance Gallery is owned and operated by Durvene Gal. It runs as a “store within a store.” The concept is to provide customers with all they need for their homes in one place, from purchase to installation to service and repairs.“I’m thrilled about it, because it’s working great,” said J. Walsh owner Frank Walsh.

Customers love the concept, he said.“ J. Walsh & Sons is really noted for being in the service business.

“We wanted to make sure that we expand that part of the philosophy, so that we’re into the appliance business but we’re also servicing it, we’re installing it, and we’re literally dealing with people right from start to finish.” Walsh has launched a new mobile repair van to help extend that service.

The van will visit homes all over Kamloops and into outlying areas.

Sun Peaks and the Shuswap are next on the map as areas to expand to.Technician Shane Robertson is the man in the van. With experience that stretches back 15 years, Robertson is prepared to fix anything.“ I’ll be doing appliance repair on everything. You want it fixed, I’ll come fix it.“ Every

make and model on the planet, so said. “I’m passionate about it, I’m fridges, stoves—you name it, I do excited about it, and I have a vision,” it.” Robertson he said.The says his skill set shop features is vast, and he’s the latest in most excited appliances, about custom furnaces, installations barbecues, since they’re h o m e m o r e heating and interesting. cooling, and “Maybe you’ve bathroom got a wall oven solutions, that needs to be including installed, but c u s t o m “Walsh also owns a distribution company that your old wall showers. operates throughout Western Canada with 50 oven, of course, J. Walsh & stores. He thus has strong buying power with isn’t the same Sons carries size.“ A lot of manufacturers, which in turn gives Kamloops the biggest customers great deals locally on quality people get new names in heating and plumbing products.” d i s h wa s h e r s , the industry and they’re not including the same as the Re g e n c y old ones. fireplaces, Carrier furnaces, now They need to be properly installed or they don’t work properly. “I want to make sure these customers get installations done properly,” he said.

Robertson said 80 per cent of his calls are for installation problems.

His mobile van started running just Sept. 1, and calls are already rolling in. “All it takes is a bit of word of mouth,” he said.

Renovations are popular right now, as they are less expensive and good value for money, says Walsh.

Appliance reps have been telling Walsh when they visit the store that the shop has the nicest appliance showroom in the Interior, Walsh

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company that operates throughout Western Canada with 50 stores.

He thus has strong buying power with manufacturers, which in turn gives Kamloops customers great deals locally on quality heating and plumbing products.

Hot water tanks are one item that every home needs, and the store supplies many models that feature the newest technology for heating water in your home. “We’re a onestop shop,” said Walsh. J. Walsh & Sons has always been known for selling and servicing client’s furnaces, air conditioning and plumbing, and will continue to do the excellent work they’re known for as they expand into home appliances.

The shop is becoming a central home and comfort centre, making things convenient for customers.

“We want to tell customers when they come in, ‘We are happy to give you the best selection and service in the Interior’,” said Walsh.

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C6 ❖ TUESDAY, September 25, 2012

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Housing starts dip in Kamloops

Kamloops experienced a decline across the line in housing starts in August.

The city recorded 21 single-detached starts, compared to 29 in August 2011, while registering eight multi-unit starts, compared to 20 in August 2011.

Through the first eight months of the year, total housing starts in Kamloops are 11 per cent below 2011 levels, with the biggest dip seen in the multi-unit sector.

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C8 ❖ Tuesday, September 25, 2012

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NEW HOMES

Maintenance Matters:

Sealants: Small investment with a big reward

S

EALANTS MAY BE among the less expensive maintenance materials for a condo or townhouse, but they serve a critical function in protecting the building exterior.

Sealants fill the joints and gaps between exterior building materials, keeping water, air and dust out of vulnerable parts of the building and preventing costly repairs.

However, they must be installed and maintained correctly in order to remain effective and continue to protect your investment.

Detailed information about sealants can be found in Bulletin #5 of the Maintenance Matters series provided by the B.C. government’s Homeowner Protection Office, a branch of BC Housing.

Available online at hpo.bc.ca, the bulletins are intended for homeowners, strata councils, maintenance managers, housing co-operatives and owners of multi-unit properties such as townhouses, low-rise and high-rise buildings.

Much of the advice offered

may also be helpful to owners of single-family homes.

Selected topics are also featured in a companion video series, available online.

What are sealants?

Sealants are glue-like substances that can be shaped to fill gaps between building panels and other exterior components, and around windows, doors, vents, chimneys, pipes and other features.

To be effective, sealants must strongly bond to the surfaces, resist exposure to weather and accommodate movement as building materials shift over time or expand and shrink at different temperatures.

Choosing the correct sealant is critical, as sealants come in many formulations for a variety of uses.

Typical sealants for building exteriors include: • Silicone around windows, dryer ducts and pipes.

• Polyurethane for various exterior cladding joints.

• Polysulfide for windows.

• Butyl for the interior joint around the window to either the sheathing membrane or rough framing.

• Latex is only suitable for interior trim and should be replaced if found in exterior applications.

Maintenance and inspections Sealants deteriorate at different rates, based on the material, exposure to weather, building movement or damage from vandalism or wildlife.

Because of the potential for costly damage when sealants fail, it’s important to hire a professional once a year to inspect and maintain your building’s sealants.

Professionals know what to look for and how to choose the correct sealant for repairs and replacement.

Maintenance plans for sealants should include:

• Inspections to review sealant joints for the five main signs of failure: loss of adhesion, cracks or splitting, loss of elasticity or flexibility, weather damage and improper installation.

• Cleaning to remove mildew and dirt, which can impair the sealant’s function. Other than silicone, most sealants are reasonably resistant to dirt pickup.

• Touch-ups to repair minor pinholes and gaps will help prolong the life of the sealant in the short term until it can be replaced.

• Repairs when a section of sealant isn’t sticking to the joint or when large splits or bubbles appear in a localized area. This involves complete removal and replacement of the failed sealant.

• Replacement of sealants when a significant portion of the sealant in a given area shows signs of failure.

Different areas of the building exterior may require replacement at different times, depending on weather exposure (e.g. sealants

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in direct sun tend to break down more quickly).

Action plan tips • Hire a knowledgeable professional to review the building’s sealants every year and to replace sealants if necessary.

• Develop a maintenance program to address sealant inspection, cleaning, touch-up, repair and replacement.

• Invest in good quality sealants to get the best performance.

• Notify your building’s maintenance manager if you notice a maintenance problem with the sealants.

Go online to hpo.bc.ca for more practical tips and checklists and to subscribe to receive the HPO’s online Maintenance Matters bulletins.

You can also check out the new Maintenance Matters videos on the HPO website or on YouTube at http://www.youtube.com/user/ bchousing1.

Tuesday, September 25, 2012 ❖ C9

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NEW HOMES

Timeless décor is always the ‘it’ look Like fashion, interior design trends change with the seasons.

Each month, different colours and patterns become the new “it” look, inspiring us to overhaul our home décor.

Keeping up with the latest looks can be challenging, not to mention expensive.

That’s why it’s important to remember that keeping your home décor modern isn’t so much about buying trendy furniture as it is about being practical.

Invest in timeless pieces that are suited to your lifestyle and create a calm environment.

Delta Faucet, a leader in beautifying home interiors, offers the following tips to make sure your space will always feel fresh: • Choose multi-functional products with hidden technology and beautiful design to create a modern feel. Think televisions hidden in cabinets, speakers mounted behind the wall and sleek kitchen faucets with a hidden sprayer. Technology that seamlessly blends into a space will always feel new.

• Consider incorporating accessories in shades such as clean green, saffron, ocean blue, and magenta to create a soothing atmosphere that will never feel tired.

“Adding sleek pieces in a colour that you’ll always love — rather than a trendy colour — makes your style timeless, not to

mention wallet-friendly,” says Jo Alcorn, a Toronto-based interior design expert.

Update fabrics to those that feature timeless geometric designs, overlapping layers, or stripes.

All of these can instantly make a home more contemporary without a large investment.

Sleek and simple architectural details add maximum design impact and can become the focal point in any room.

“Paying attention to your hardware including cabinet handles, light fixtures and even faucets can play a huge role in making your place look more modern,” says Alcorn.

For instance, the strong, angular lines of the Vero lavatory faucet bring a sense of urban sophistication to the bathroom.

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When considering furniture, look for pieces with glass or painted wood, and materials like coloured acrylic, fibreglass, and chrome. These features will ensure your choices stand the test of time.

Nothing dates a space like clutter.

Organize and store — or even neatly display — magazines, newspapers and books.

Electronic cords should be off the floor and not visible to keep your room looking neat and clean. newscanada.com

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C10 ❖ Tuesday, September 25, 2012

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NEW HOMES

Bank of Canada maintains steady rate One per cent rate hits second anniversary

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The Bank of Canada has decided to keep its key policy rate at one per cent, where it has been held steady for two years.

This marks the longest period since the 1950s that rates have been left unchanged.

The text accompanying the announcement was little changed from the July statement.

This includes the bottom line that the bank would still like its next move to be a rate hike, but that the timing and degree and any such decision would depend on whether global and domestic trends play out as expected in the months ahead.

Although the bank expects the economic outlook to brighten, it identified a number of downside risks that may force it to lower its expectations.

Among these risks are “widespread slowing of activity across advanced and emerging economies” and recognition that “Europe is in recession and its crisis, while contained, remains acute.”

It also reiterated that economic growth in China and other emerging economies is braking a little bit harder than it had previously expected.

It also noted that economic growth in the United States was continuing at a “gradual pace.”

While these factors are consistent with the continuation of low inflation and low interest rates, it also recognized that prices for oil and many other commodities that Canada exports have increased from lower levels this summer.

While that means prices at the gas pump have prevented consumer price inflation from edging lower, it also leaves less money in household budgets

for discretionary spending, thereby keeping spending and growth in check.

Spurred on by the continuation of near-record low interest rates, consumption and business investment are expected to be the primary drivers of growth next year.

That said, while business investment remains solid, the bank acknowledged “tentative signs of slowing in household spending, although the household debt burden continues to rise.”

This suggests that the bank remains worried about growth in consumer debt, even while growth in household debt has slowed to a crawl.

The bank said that core inflation had been softer than expected in recent months, but added that with the economy operating near its production potential, both core and total CPI inflation were expected to return to their two per cent targets over the next 12 months.

The bottom line was unchanged for a fourth time since the April announcement, in saying that “some modest withdrawal of the present considerable monetary policy stimulus may become appropriate” based on how global and domestic trends, and risks, play out in the months ahead.

So, even as the global economic picture continues to dim, and other major central banks talk of renewed stimulus, the Bank of Canada still feels its next move should be a rate hike.

Financial markets are currently pricing in the possibility of quarter point interest rate hike next April, but a lot can change between then and now.

The Bank will make its next scheduled rate announcement on October 23.

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Tuesday, September 25, 2012 â?– C11

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NEW HOMES

Get ready for the Year of Lemon Sorbet In our world, colour is critical.

Everyone, from car companies to fashion and make-up brands, works hard to develop colour palettes that reflect the pulse and mood of our culture.

Benjamin Moore has chosen Lemon Sorbet as their 2013 Colour of the Year.

Here are a few ways to use it: • Pastels, flattering in recent fashion trends, are emerging on the home front in the mint, coral, pink and vanilla families. The Lemon Sorbet paint colour makes the perfect backdrop to these hues. • People are tired of the beiges, grays and every hybrid in between, so this refreshing lemon shade is a perfect transition colour to begin an invigorating change. • In neutral spaces, yellow acts like a yellow highlighter, focuses your eye and provides accent. • It can be bold and modern (in a graphic combo with black or deep inky blues and white). • It can be soft and natural paired with neutral shades of tan, sand and soft grey. • Yellow, in its many variations, is the colour of optimism and light and makes a great substitute for plain white. • On the wall, ceiling, trim or a piece of furniture, yellow makes a lively addition to any space.

More images using this colour can be found on Twitter, @BenjaminMooreCA. newscanada.com

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