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Secondary Suite Pilot Update for Residents of the Southeast Quadrant:
 
Those residents of the Southeast Quadrant living in the area of the Secondary Suites pilot project need to be aware that the pilot is presently in place for one year which is due to expire October 2011. At that time it will be reviewed by Council to determine whether it should continue.
 
Council has decided to not pursue any enforcement action on existing illegal suites during the pilot project period in order to allow existing suites to secure permits and secure legal status. Please note that once a suite secures its legal status, it will maintain that status as long as it continues being used as a suite, with permits, even if the zoning bylaw is changed to remove secondary suites as a legal use. If  an existing illegal suite does not receive a permit under this pilot project, it will be subject to bylaw enforcement after October 2011.
 
Suites are subject to requirements of the Zoning Bylaw and other applicable Bylaws and Regulations.
 
A Secondary Suite is defined as a self-contained dwelling unit, with no more than two bedrooms, located entirely within but clearly accessory and subordinate to a single family dwelling.
 
In order for a secondary suite to be authorized by the District, a number of bylaw and building code requirements must be met and these are detailed in the Guide to Secondary Suites on the District’s Website. A suite that is built to code and bylaw requirements can provide safe and affordable housing in our community. Secondary suites can also provide an extra source of income for families or enable elderly parents to live independently in the same home. Council recognizes and supports suites for these reasons.
 
For further information please contact Mark Brodrick, Director of Planning and Community Services at 250 - 655-5470, who will be pleased to assist.
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Simply put, buyers' markets exist when there are a lot of homes on the market and very few buyers. If inventory--the number of homes on the market in your neighborhood--has been rising, it's likely that the days on market have been increasing. Couple that with declining sales figures over previous months, and home buyers are in an enviable position to negotiate. Here is how you can write a buyer's offer to your advantage.

1. Request E-Mail Listings & Updates

Big Stock Photo
Almost 80% of home buyers today start a home search online. However, many buyers are unaware that the data they are viewing could be dated. Many Web sites reboot every 24 hours. On other sites, agents sometimes leave expired and sold listings as active, hoping for ad calls. To avoid wasting your time, ask your agent to register your e-mail address so you can receive daily MLS changes of reduced prices and new listings. This is one way to gain access to the same data agents receive.
 
2. Tour Price Reductions
 
If you're like most buyers, you will want to offer less than asking price. It's just human nature. But if you plan to low ball, you'll probably be unsuccessful at getting that type of offer accepted if the home was just listed. Instead, tour homes that have had recent price reductions or have been on the market for at least 30 days or more. These sellers are more likely to be receptive to a low-ball offer.

3. Obtain Comparable Sales

When you find a home you want to buy, ask your real estate agent to print out a list of similar homes in the same neighborhood over the last six months sorted by:
  • Active Listings
  • Pending Sales
  • Sold
The list should contain the following specifics:
  • Property Address
  • Age
  • Square Footage
  • Lot size
  • Bedrooms & Baths
  • Sales Price
Compare this data with online home value sites such as Zillow and RealEstateABC, and you'll see first-hand why the data your agent gives you will be more accurate.

4. Request Contingencies

In a buyers' market, you're in control. Write your offer contingent upon the property appraising at the agreed upon sales price and on obtaining your loan. Check with your lawyer to find out if you can ask for a loan contingency that will protect you all the way to closing. Ask for a reasonable period to conduct inspections and to approve title, geological and pest reports. Ordinarily, during contingency periods, buyers can back out without risking a  good faith deposit.
 
5. Ask for an Allowance or Credit
 
If you find the perfect home but you don't like the color or condition of the carpet, for example, ask the seller to give you a carpeting allowance in your offer. Check with your lender before you write the offer to find out how to word a credit clause that is acceptable to the lender. You can ask for more than it will cost to repair or replace an item to cover your "hassle" factor. Many lenders let borrowers receive up to 6% of the sales price as a cash credit against closing costs.

6. Reduce Your Closing Costs

Depending on your local area, there may be fees associated with closing that are customarily paid by the buyer such as title insurance, property taxes, recording fees or escrow. In a buyers' market, you can ask the seller to pay those closing costs. Typically, those costs can add up to one or two percent of the sales price and are often paid out-of-pocket by buyers. Ask your agent if these fees are negotiable. Then ask the seller to pay them.

7. Renegotiate After Home Inspections

All buyers should obtain a home inspection. Most contracts give buyers the right to cancel a contract if the home inspection reveals repairs or defects that are unacceptable to a buyer. However, if the repairs are minor, you might want to renegotiate the sales price or ask for a credit against your closing costs. Caution: don't ask for a price reduction if the repairs were evident when you first saw the home or the seller might not be willing to negotiate with you.

8. Request Extras

Sellers realize that in buyers' markets, often they have to give a little something extra to the buyers to entice a sale. Don't be afraid to ask for a  home warranty protection plan that covers you in the event an appliance breaks down or the plumbing or heating malfunctions. Normally these plans protect you for one full year from the date of closing.
 
9. Ask for an Item You Don't Want
 
Did you like the sellers' dining room table? China cabinet? Fish tank? Ask for it in your offer and use it as a negotiating tool. Often this draws the sellers' thoughts away from price and directs those thoughts toward the personal property. If the listing stated the washer and dryer are not included in the sales price, ask for them. If the sellers balk, tell your agent to say, "OK, if we leave the washer & dryer, are you then ready to sign the offer?"

10. Shorten Acceptance Period

There often is no reason to give a seller more than 24 hours to make a decision about your offer. If your agent is presenting the offer in person, she may ask for a decision upon presentation. But don't give them days to talk to Uncle Harry, their neighbor down the street or the coworker who knows everything about real estate. There are a lot more homes on the market and you deserve a fast answer.

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For many hom­eowners, the concept of profes­sional home staging is shedding new light on how to promote a home in their real estate marketplace. If you’re thinking of selling your home, deciding on the best ways to organize your property before the “For Sale” sign is erected can help sell your home faster and at a higher price. Following are some home staging tips:
 
1. Make an impression. Prospective buyers make up their minds about your house even before they get out of the car. To ensure they have the right idea, clean up your yard, get rid of unsightly weeds, and sweep/shovel your driveway and porches. Get out the rags and cleanser and spend 30 minutes scouring your front door, porch, railings and steps. Then tuck away all your recycling cans and bins at the back of the house or in a corner of the garage.
 
2. Declutter. A common phrase used to describe the importance of decluttering is: Clutter eats equity. So purge your closets, empty cupboards and box up small appliances. You may even want to rent a storage locker to keep items you simply cannot part with, while throwing out items you’ve collected over the years that you don’t want to take with you to your next home. This will also save you time during your big move. Ensure you pay close attention to your countertops and coffee tables as well.
 
3. Impersonal works. You want buyers to imagine themselves living in your home, so stash anything connected to your family or personal interests. Hide your son’s hockey trophies, store family photos and remove all traces of day-to-day life. This also includes removing personal effects from the bathrooms.
 

4. Keep it fresh. There’s nothing worse than stepping into a house that smells of smoke,

dampness or pet odours. The easy solution is to keep your windows open for 10 minutes a day. This strategy works better than deodorizers since a lot of people have allergies to artificial room fresheners. The oldest trick of all? Leave chocolate chip cookies baking in the oven. Yes, it’s hokey, but the smell does do wonders to help buyers bond with your home.

 

5. Declare war on grime. Cleanliness helps put a buyer’s mind at ease since it suggests that you’ve probably taken good care of your residence in other ways as well. So clean everything: walls, door handles, light fixtures and pantry cupboards. And don’t forget to dust your furnace room and furnace, since this makes your furnace look newer. Power washing windows, walkways, eavestroughs and pathways can also do wonders for your home’s exterior.
 
6. Hire a handyman. If you don’t have the time or expertise to deal with the aesthetics of your home, consider hiring a professional. Dripping faucets, cracked tiles and mouldy caulking around the bathtub can knock thousands of dollars off the price of your home.
 
7. Colour it up. Your single best investment may be a fresh coat of paint in key areas of your home. Try painting your front door and placing some urns containing seasonal arrangements on your front step or just inside the entryway. Remember that small touches can make a house seem cared for and important.
 

8. Reduce furniture. An easy way to create a sense of space is to get rid of some furniture. Moving a sofa and end tables into storage can give a small room some much-needed breathing space. If your furniture dates from the Mulroney era, consider packing it away and renting or borrowing some modern, stylish furniture or a couple of well-chosen pieces of wall art. Keep your rooms clean and simple like a hotel room or the showroom for a new house.

 
9. Lighten up. The brighter and sunnier a space, the easier it is to sell. If you don’t have the time or energy to clean all of your windows – inside and out – it may be a wise investment to hire a professional window-cleaning company. Thoroughly clean the shades on your light fixtures, change light bulbs and add floor lamps if an area seems dim. Finally, when it comes time to show your home, make sure all the lights are on, especially in hallways.
 

10. Add a touch of humanity. A couple of planters containing seasonal arrangements on your front porch, a vase of flowers on your dining room table, or even a simple rose in a vase can warm up a room. Candles can also do wonders in lighting and warming a room.

 

 

 

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Mortgage changes take effect March 18, 2011.

exemptions1
Finance Minister Jim Flaherty recently announced a series of mortgage rule changes aimed at addressing growing concern about increased household debt in Canada:

1. The changes will see Ottawa reducing the maximum amortization period from 35 years to 30 years;

2. Ottawa will also withdraw government insurance backing on lines of credit secured by homes;

3. Canadians will only be able to borrow up to 85 per cent of the value of their homes, down from 90 per cent.

The federal government is attempting to avert a similar path as the American market where people were creating consumer debt by refinancing every one to two years.

Buyers who purchase a home with a down payment less than 20 per cent of the value of the home are required to purchase government-backed mortgage insurance through Canada Mortgage and Housing Corporation.

The new rules will restrict mortgages with amortized periods past the 30 years brink from qualifying for that insurance. That essentially eliminates the possibility of Canadians getting access to mortgages with a term of more than 30 years.

Flaherty said that the intent is to stem the wave of consumer debt by reducing the total interest payments people with longer amortization on a mortgage would end up paying.

 
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New year, new you. It’s the perennial January catchphrase that holds such conquer-the-world promise. And then, well, you get sidetracked with conquering your to-do list. But even the loftiest resolutions (running a marathon, writing a book) don’t have to fall by the wayside come February. Staying motivated―and achieving what you set out to do on that bright New Year’s Day―is surprisingly possible. Just follow these nine mantras, provided by researchers who study motivation and backed up by women who have used them to realize their biggest ambitions.

 1. When you make a plan, anticipate bumps. Before even trying to achieve a goal, target potential pitfalls and troubleshoot them. Peter Gollwitzer, a professor of psychology at New York University, in New York City, says that people who plan for obstacles are more likely to stick with projects than those who don’t. In a 2009 study published in the American Journal of Preventive Medicine, Gollwitzer compared two groups of women who wanted to be more active. Both groups were given information on leading healthy lifestyles. But the second was also taught how to foresee obstacles (example: “The weather forecast is bad, but I’m planning to go for a jog”) and work around them using if-then statements (“If it rains, then I’ll go to the gym and use the treadmill rather than skip exercising altogether”). No surprise, those in the second group fared better. Michelle Tillis Lederman of New York City practiced this strategy when she was writing a book last year. She installed blinds on her home-office door to minimize disruptions and hired an editor to give feedback on each chapter so she wouldn’t get stuck along the way. She also established rules, like checking e-mails only after she had written for two hours. “It was easier to follow this plan,” says Lederman, “than to wrestle with every distraction in the moment.” Her book, The 11 Laws of Likability (American Management Association), will be published later this year.
 
2. Channel the little engine that could
really. A person’s drive is often based on what she believes about her abilities, not on how objectively talented she is, according to research by Albert Bandura, a professor of psychology at Stanford University. His work has shown that people who have perceived self-efficacy (that is, the belief that they can accomplish what they set out to do) perform better than those who don’t. That self-belief is what helped Ingrid Daniels of Newark, New Jersey, leave a stable corporate job to develop a T-shirt line after the birth of her first child. “It never occurred to me I could fail, even though I had no experience,” she says. Today Daniels runs two successful small businesses (the T-shirt company and a line of stationery), which allows her to stay at

3. Don't let your goals run wild... When your sights are too ambitious, they can backfire, burn you out, and actually become demotivating, says Lisa Ordóñez, a professor of management and organizations at the Eller College of Management, at the University of Arizona, in Tucson. Instead of aiming unrealistically high (such as trying to save enough money for a down payment on a home in six months), set goals that are a stretch but not an overreach (come up with a doable savings plan for your budget).
 
 ...But work on them everyday. According to Daniel Pink, author of Drive: The Surprising Truth About What Motivates Us ($27,
amazon.com), taking small steps every day will not only help hold your interest in what you’re trying to achieve but will also ensure that you move slowly, but surely, toward your goal. So, for example, set up a down-payment-fund jar and dump your change into it every night. You’ll get a sense of accomplishment each day, to boot.
 
 4. Go public with it. Instead of keeping your intentions to yourself, make them known to many. “Other people can help reinforce your behavior,” says James Fowler, a political scientist who studies social networks at the University of California, San Diego. After all, it’s harder to abandon a dream when you know that people are tracking your progress. Take Stefanie Samarripa of Dallas, 25, who wanted to lose 20 pounds. She created a blog and told all her friends to read it. “I wanted something to hold me accountable,” she says. Samarripa weighs herself weekly and announces the result on Desperately Seeking Skinny (
skinnystefsam.blogspot.com). During her first three weeks, she lost six pounds. “People read my updates and make comments, which helps me keep going,” she says.
 
5. Lean on a support crew when struggling.
Think of the friends and family who truly want to see you succeed. Enlisting those with whom you have authentic relationships is key when your motivation begins to wane. Choose people who may have seen you fail in the past and who know how much success means to you, says Edward L. Deci, a professor of psychology at the University of Rochester, in New York. For Jane Arginteanu of New York City, support came in the form of her fiancé, Glenn. Arginteanu had smoked from the time she was a teenager and had tried to quit before. When she decided to give it another go, Arginteanu says, “Glenn stood by me and told me, without ever issuing an ultimatum, that he wanted to grow old with me. That was terrific motivation.” A year later, she’s smoke-free.

 

6. Make yourself a priority. Put your needs first, even when it feels utterly selfish. You will derail your progress if you sacrifice yourself for others in order to please them (such as eating a cupcake that a coworker baked even though you’re on a diet). A few years ago, Karen Holtgrefe of Cincinnati was at the bottom of her own priority list. “I had a demanding full-time job as a physical-therapy manager and was teaching physical therapy part-time,” she says. “Plus, I had a husband and two children to care for.” As a result, she found herself stressed-out, overweight, and suffering from constant backaches. “I hit a wall and realized I needed to make some changes for my sanity,” Holtgrefe says. So she quit the part-time teaching job, joined Weight Watchers, and scheduled nonnegotiable walks six days a week―just for her. In a year, she lost 85 pounds, and her back pain (and stress) disappeared.
 
 7. Challenge yourselfand change things up. It’s hard to remain enthusiastic when everything stays the same, says Frank Busch, who has coached three Olympic swimming teams. To keep his athletes motivated, he constantly challenges and surprises them―adding a new exercise to a weight routine or giving them a break from one practice so they can recharge. Amy Litvak of Atlanta did the same thing. She had several half-marathons under her belt but wanted something new, so she signed up for a series of mini triathlons. “Each race was longer than the last or had a slightly different challenge,” she says. She breezed through them and is now training for a full marathon.
 
 8. Keep on learning. To refuel your efforts, focus on enjoying the process of getting to the goal, rather than just eyeing the finish line. Janet Casson of Queens, New York, set out to teach yoga. She completed her training, but finding a position took longer than anticipated. So she wouldn’t lose steam and become discouraged, Casson used the time to perfect her skills. She attended workshops and studied with different teachers. “It was invigorating and kept me working toward my goal,” says Casson, who now teaches five classes a week.
 
9. Remember the deeper meaning.
You’re more likely to realize a goal when it has true personal significance to you, according to Deci. (For example, “I want to learn to speak French so I can communicate with my Canadian relatives” is a more powerful reason than “I should learn French so that I can be a more cultured person.”) And when the process isn’t a pleasant one, it helps to recall that personal meaning. Not all dedicated gym-goers love working out, Deci points out, but because they have a deep desire to be healthy, they exercise week after week. Jennie Perez-Ray of Parsippany, New Jersey, is a good example of this. She was working full-time when she decided to get her master’s degree. However, she knew that pursuing that goal would mean spending less time with her friends and family. “But I was the first person in my family to get a degree, so it was very important to me,” Perez-Ray says. She kept this in mind every evening that she spent in the classroom. Although the sacrifices she made were hard, she reflects, “reaching my goal made it all worthwhile.”

 

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Top 10 Reasons to Shop Locally
Taken from the Peninsula News Review

 

1.     Save Time and Energy. Without having to drive long distances you will have more time for fun this holiday season.  

 

2.     Save Money. Check local ads for the best sales and ask the merchants for the best value purchases.

 

3.     Boost Employment. That’s good news for your local economy and residents who are looking for employment.

 

4.     Get More Personalized Service. You know you can trust the person behind the counter to give you good advice and value, especially if you know them personally.

 

5.     Find Great Variety. Doing your shopping locally lets you check out all the stores and shops.

 

6.     To Get Problems Solved. Ever tried to return an item from an out of town purchase? When you shop locally, your friends are the ones helping you solve your problems.

 

7.     To Promote Economic Development. More local sales mean more money in circulation. That means more business can grow, and new business can start. That improves your community for everyone.

 

8.     To Foster A Sense of Community. When you shop locally, your money is not going off to some corporate headquarters-it’s going into the friendly neighbourhood stores you see every day.

 

 

9.     To Help Others. Local businesses support a wide range for services and charitable projects, from local food banks to day-care centres to schools.

 

10.   To Lower Your Tax Bill. More sales mean more takes are collected. That means a bigger portion of money comes back to this area for community service. All that could save you tax dollars.

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What's curb appeal? It's that certain something about your home that catches the eye of the passer-by and makes them want to take a closer look. If you're selling your home, curb appeal can quickly draw prospective buyers in for the first time. Without it, buyers may pass up on the chance to see inside and will miss what might have been the perfect home for them.

Your REALTOR® can give you numerous tips and suggestions to help you make that first impression really count. Here are a few ideas.

Keep your lawns neatly trimmed and edged. Trim trees and shrubbery to get rid of overhanging branches that might obscure a potentially good view of your home, or pathway leading to the front door. Turn over the soil in your flowerbeds. If there's little color in your front garden, make a splash with a display of inexpensive annuals, flower boxes and wooden tubs. Clay and plastic posts can also be filled with flowers and small shrubs and displayed in the yard or by the front entrance to give the feel of a warm welcome.

Birdhouses and feeders, dried flower wreaths and hanging baskets on the front porch can give your home countryside curb appeal. Keep your porch, driveway and front yard clutter free. Remove garbage bins as soon as possible after pick-up, and avoid any build-up of junk mail.

Repair or replace broken steps or walkways. You might be used to the uneven paving or rickety stairs outside your home, but they could be hazardous to visitors, as well as unsightly. Your home's roof, chimney and exterior should look sound and well-cared for. Freshly painted woodwork is often well worth the time and money invested in it.

A good spruce-up can make a big difference

If painting is unnecessary, your home will still benefit from a good spruce-up. Wash down window frames and clean your windows to make them sparkle. Scrub the front door and polish the house numbers, letterbox, doorknob and knocker. Open blinds, curtains or shutters to give your home an inviting, welcoming look.

These are just a sample of some of the ways you can create curb appeal. Your REALTOR® can give you many other, customized tips to make the most of your home's unique charm. In addition, your REALTOR® can offer an objective view of any repairs and improvements that might be necessary to enhance the likelihood of selling your home.

Creating curb appeal may just be the feature that sets your home apart from the rest.

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MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.