The idea of paying someone else's mortgage and helping them build equity in their property really doesn't make a lot of good financial sense! As a long term renter, you are literally throwing away tens of thousands of dollars of your hard earned money instead of creating a forced savings plan by way of having a mortgage. I have chatted with many renters over the years ...
Posted by Jason Neumann
on March 23, 2010
There are potential dangers and pitfalls when it comes to pricing your home in any kind of real estate market. Sellers can be reluctant to price their home in line with the marketplace as they feel they may be giving away too much of their home equity. The reality is pricing your home right from the start will get the net result you are looking for as a seller. Here ...
Posted by Jason Neumann
on March 20, 2010
I was recently sent this article by Karen Shale a local mortgage broker with LendingMax here in Kelowna. Karen offers a straight to the point and excellent explanation of each of the new federal lending rules that were recently announced by Jim Flaherty, Minister of Finance. These new lending regulations take effect April 19,2010. Here's the article:
Here is the official announcement ...
Posted by Jason Neumann
on February 21, 2010
Central banks around the world have pushed their lending rates to historic lows in an effort to stave off a total global financial and economic collapse. As a result interest rates have remained for the most part at these low levels with many investors trying to take advantage of other's mistimed purchases.
2010 will likely be the year when everything changes...
Here’s ...
Posted by Jason Neumann
on January 11, 2010
Well, the speculation and anticipation of yet another rate decrease by the Bank of Canada became a reality today! The Bank of Canada reduced its key lending rate to a historical low of 0.5%. The move is intended to help jump start a rather fragile Canadian economy and get consumers out there spending again. Bottom line here is if you have a variable rate mortgage loan, you are ...
Posted by Jason Neumann
on March 3, 2009
Water shortages seem to plague the headlines each year as we move from Winter to Spring in the Central Okanagan. The newly proposed water reservoir in Black Mountain may just help with the constant water shortages we seem to be facing. Recently, there was an opportunity to view the proposed 85 acre reservoir at Black Mountain Elementary, there is no feedback reported on the public's ...
Posted by Jason Neumann
on February 17, 2009
Well Steven Harper and his minority Conservative Government announced billions in tax credits for Canadians today! Finance Minister Jim Flaherty gave Canadians some good news as he went over the Federal Government's plan to kick start the stalled out economy. The proposed tax cuts and relief are aimed at getting consumer spending back up and instilling some confidence in the future. ...
Posted by Jason Neumann
on January 27, 2009
I read this article and I am still scratching my head over the reasoning behind the name change. I can understand that The City of Kelowna needs to secure some corporate sponsorship to bring in an additional revenue stream. I also understand that whatever company steps up to sponsor the new pool would want their name prominently featured in the official name given to the facility. ...
Posted by Jason Neumann
on January 13, 2009
Without getting too political here is a heartfelt and well written blog-post by U2's Bono. There is so much anticipation of what President Elect Obama will do during his first four years of office and the administration he will ultimately bring to the table. I have always been a big fan of U2 and I feel Bono captured in words beautifully what so many are thinking, feeling and ...
Posted by Jason Neumann
on November 13, 2008
Runway expansion complete by Wayne Moore - Story: 42999Nov 7, 2008 / 5:30 pm"The $8 million expansion of the runway at Kelowna International Airport is complete. Airport General Manager, Sam Samaddar, officially opened the runway during a ceremony Friday afternoon. While the additional 1,600 feet of runway was the main attraction, a DC10-30F, the largest plane to ever land at the airport, was the ...
Posted by Jason Neumann
on November 8, 2008