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Draw Date is Coming Up – Win a Houseboat trip on the Shuswap Lake!

house boat

The draw date is quickly approaching: March 31, 2015!

You could be soaking up some rays on a houseboat this summer!

Simply refer someone or apply directly for a mortgage for a chance to win! Apply online at www.kal-mor.com , in person at #100-4007-27th Street Vernon, B.C. or over the phone at…

Another rate cut this year? Maybe not…

After the Bank of Canada’s decision yesterday to hold steady on the 0.75 per cent interest rate many analysts now say that another rate cut this year is unlikely. Stephen Poloz said that the bank is confident that the cut made in January is doing the job they wanted it to do, giving enough stimulus to offset the loss from lower oil prices. With oil prices having stabilised to some extent and…

Bank of Canada announces overnight rate

There has been much speculation since the Bank of Canada’s surprise rate cut in late January, but have the predictions come true?

Following the last cut on January 21, many big banks predicted a further cut would be made today, but the Bank of Canada has moved to maintain the rate at ¾ per cent, citing improved economic conditions since that last move.

“Financial conditions in…

Speculation mounts over Bank of Canada’s latest interest rate announcement

As the real estate industry waits with bated breath for the Bank of Canada’s interest rate announcement tomorrow, one expert makes his prediction.

“The Bank of Canada will likely pause on Wednesday before cutting rates again in April,” Sal Guatieri, senior economist at BMO Capital Markets, told CREW.

“It likely needs more time to assess the economic impact of lower oil prices…

Win a Houseboat trip on the Shuswap Lake!

How would you like to spend a few days on a houseboat this summer? Simply refer someone or apply directly for a mortgage for a chance to win! Apply online at www.kal-mor.com , in person at #100-4007-27th Street Vernon, B.C. or over the phone at 800-567-5511. Draw date is March 31,…

U.S. investment offers more cash flow than Canada

Despite a falling loonie, investing in the U.S. property market still offers more guaranteed cash flow than investing in Canada, say experts.

“Positive cash flow is really easy in the U.S.,” said Mike Wolf, a Canadian investor who focuses on the U.S. market.

“When I first started investing in the U.S., there were very few Canadians investing down there. It was around nine years…

Condo study reveals surprising stats

A new 10-year study debunks the myths about condo maintenance fees, offering investors a clearer picture of this lucrative investment option.

But one condo expert says investors should not base their buying decisions by solely comparing the average maintenance fees from building to building.

“Though this may be helpful, it’s important to delve deeper and look at the trends,” advised…

5 steps to avoid the tenant from hell

Investing in income properties can be an amazing way to generate monthly income and ultimately contribute to a retirement plan. Along the way, however, we all experience multiple challenges – poor tenants being one of them. Some tenants will be obvious bad choices, but others know how to hide their secrets well enough that they often seep through the cracks of selection. So how do we learn to…

What’s in store for the housing market in 2015?

There has been much speculation on what the housing market will do in 2015.

Independent of the decline in oil prices and changes to the interest rate, there is a broad moderating trend across Canada’s housing market that is pushing towards lower levels of activity and appreciation, said Phil Soper, president and CEO of Royal LePage.

Speaking to a room of industry professionals at…

To fix-up or forget it? Simple renos to make a home your own when buying a house in the Okanagan

If you’re on the verge of buying a house in Kamloops or anywhere in the Thompson Okanagan, and that house isn’t exactly turn-key, don’t walk away from it just yet. Since Kelowna mortgage rates are low right now and there are some good finds out there, you can save heaps on your house and make it all your own with just a few simple renovations.

The extra money you save buying a…

Contact

Kal-Mor Mortgages and Investments Ltd.
#100 4007 - 27th Street,
Vernon, BC Canada
V1T 4X9

Phone: (250) 549 - 3250
Toll Free: (800) 567 - 5511
Cell: (250) 549 - 8109
Fax: (250) 549 - 3260
Email: peter@kal-mor.com

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