Royal LePage Access Real Estate Blog - royal lepage

It’s Tax Assessment Time!

Happy New Year often means happy new taxes and fees we all have to pay. Along with that comes the tax assessment notice from BC Assessment. Many homeowners in BC are seeing significant increases in the assessed value of their properties and getting worried about what that could mean at tax time.  

But wait….tax assessments are just that. It’s the estimated market value of your property as of July 1, 2016 with an adjustment for physical condition as of October 31, 2016. Will this result in a higher tax bill? 

An increase in property value for you will likely mean an increase in property values for all your neighbours as well. When everyone’s properties go up the same average amount, it doesn’t mean you will be paying higher taxes necessarily. 

The…

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Salmon Arm Garage Sale for Shelter Raises Over $5000!

The final tally is in for our Royal LePage Garage Sale for Shelter held on May 9, 2015 at our office here in Salmon Arm, BC. Between the sale items, the hot dog sales and the silent auction, we raised a total of $5,001.87 for the Royal LePage Shelter Foundation. The entire donation will come back to the S.A.F.E. Society Women's Shelter here in Salmon Arm. This is an outstanding amount with an increase of 40.2% over our 2014 sale!

The National Garage Sale for Shelter is an annual event held at Royal LePage offices across Canada. The first six years of the event has raised over $2,000,000 nationally and supports hundreds of women's shelters from coast to coast. This is our third year doing this event. In that time we have raised $10,888.95 through the…

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CMHC Insurance Rates Going Up!

Are you considering a home purchase in the next few months? Will you be obtaining a "high ratio" mortgage with at less than 10% of the purchase value as a downpayment? If so, here's something you'll need to know.

The Canada Mortgage and Housing Corporation (CMHC) has announced their mortgage default insurance (MDI) rates are going up on June 1, 2015 for mortgages where the downpayment is less than 10%.

The Canadian Real Estate Association (CREA) reports "For the average Canadian homebuyer with less than a 10% down payment, CMHC premiums will rise by 0.45% to 3.6% which translates into an increase of $5 in monthly mortgage payments;  for those with a “non-traditional” down payment of less than 10%, premiums will increase by 0.5% to 3.85%, or about $6…

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Royal LePage National Garage Sale for Shelter: May 9th, 2015

Clutter in the house building up? Doing some spring cleaning? Here's a great way to help you organize your home and support a great cause!

On Saturday, May 9th, our parking lot at Royal LePage Access Real Estate will turn into a buzzing market full of shoppers and deal hunters. There will be everything from furniture, household items and kids' toys to sporting equipment and electronics. We don't put any prices on items but encourage all the shoppers to "dig deep - it's for charity"!

We will also have the BBQ fired up serving hot dogs and hamburgers with all the fixings for a small $5 donation.

All proceeds from the sale and barbecue stay in our community as well. The Royal LePage Shelter Foundation collects the donations and turns 100% of the…

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