Karelyn Campbell

Cell: 250-618-8213 |

Please visit our Open House at 5843 DELTA CIRCLE in NANAIMO.
Open House on Saturday, November 9, 2019 1:00PM - 3:00PM
5 bed, 2 bath home in desirable North Nanaimo. Upstairs, you'll find a large living room with hardwood flooring, propane fireplace, and large picture window that lets in lots of natural light. Off the living room is the dining room and kitchen with stainless steel dishwasher and stove, lots of cupboards, and access to the deck. 3 bedrooms upstairs including master with cheater door to main washroom. Downstairs, you'll find the inviting family room with cozy wood fireplace, 2 more bedrooms and remodeled washroom. Many renovations throughout including: addition of 5th bedroom, new flooring in 90% of the home, bathroom, deck, trim, fresh paint, and landscaping. Lots of room for your vehicles and toys in the single car garage, carport and additional RV parking. Fully fenced, flat yard features garden boxes, mature fruit trees, large deck, covered patio and large gate for easy vehicle access. Includes central vac and is wired for alarm system. Quiet, family friendly cul-de-sac near parks, all levels of schools, shopping and amenities. Included with the home: fridge, stove, dishwasher, washer, dryer, alarm system, central vac, garage door opener, doorbell camera, garbage disposal.
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Buying your first home is an exciting step and first-time buyers are eager to skip right to house hunting before they are ready. To avoid disappointment, follow these steps to ensure you are ready and able to make a successful offer on your dream home when you find it. 

  1. SAVE

You’re ready to buy a home. The first thing you need to do is start saving for a downpayment (appx 20% of the purchase price). This may seem like a daunting task but it’s not impossible. Look for ways to earn extra money (freelance, pick up overtime shifts), cut expenses, or invest your savings so that your money is working for you!

  1. Build Your Credit Score

The higher your credit score the lower your interest rate will be so a healthy credit score is essential. Be sure you pay all of your bills on time, start paying off debt, keep credit card balances low and only apply for/close credit cards as absolutely necessary.

  1. Calculate What You Can Afford

As a general rule, you want to spend less than 30% of your monthly income on housing. Calculate your currently monthly payments and what they will be once you purchase a home and compare to your monthly income. 


Things to consider:

  • Income: What is your monthly income?

  • Debt: Add up your monthly payments (car, insurance, mortgage etc.)

  • Closing Costs: how much you will need at closing (adjustments, insurance, taxes, legal fees etc.)

  1. Get Mortgage Pre-Approval

Mortgage brokers have access to products from multiples sources so they can shop around for the best deal on your behalf. They will review your income, expenses, and credit score to determine what size of loan you qualify for. Once you are pre-approved, you can shop with confidence for homes at or below your approved price-point. 


What you will need to get pre-approved:

  • Proof of income

  • Proof of assets

  • Good credit

  • Employment verification

  • Documentation (ID)

  1. Decide What You Want In A Home

Visit different neighbourhoods to narrow your search. Create a checklist and be realistic about what you can afford and what you are willing to compromise on. 

  1. Choose A Realtor

An experienced REALTOR can be a valuable source of expert advice and local market information. They will guide you through the process, and act as your advocate when negotiating and closing a deal. 

  1. START LOOKING FOR HOMES

Now the fun begins: you are ready to start looking at homes! Visit open houses and tour homes with your REALTOR. 


Happy House Hunting!

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The long and the short of it is that sales of single family homes in Nanaimo are down 20% compared to last year, and inventory has increased by 14% board-wide. We are seeing a higher volume of listings compared to sales and buyers are negotiating competitively and willing to walk away and wait for a good deal. As always, the key to a quick sale is correctly pricing your home. Well priced homes are selling and may even receive multiple offers.

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I have listed a new property at 2750 HORTH ROAD in NANAIMO.
Charming 1306 sqft rancher with gorgeous landscaping and mountain views. Meticulously maintained, this home shows like new. Lovely front porch with white railings and seating area where you can enjoy the sunset over Mount Benson. Enter through the front door and you'll be welcomed into the cozy living room with vaulted ceiling, attractive gas fireplace, and window seating area. Kitchen is bright and sunny with white cabinetry, pantry for additional storage and eating nook with access to the back yard. Large master bedroom with walk-in closet, ensuite with rain shower, and plenty of space to make this room your dream master suite. Large second bedroom with space for a king - size bed. Third bedroom is perfect for a home office or den. Outside, you'll notice the flowering window boxes and exquisite landscaping with hundreds of mature plants thoughtfully selected to provide visual interest year - round. You'll love the gardening workstation and relaxing seating area in the private back yard. Central location only minutes from shopping, schools, and the parkway.
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I have listed a new property at 7 658 ALDERWOOD DRIVE in LADYSMITH.
Enjoy retirement living in this 2 bedroom, 1 bathroom home in this premier 55+ mobile home community - Rocky Creek Village. With over 1000 sqft of living space, this home features a lovely open concept kitchen/living room with skylight, new laminate flooring and newer gas fireplace. A thoughtful addition of a family room and cold storage room adds to the spacious feeling of this home. Both bedrooms have ample space for storage and the bathroom features stand up shower and extra large tub. Gas furnace provides affordable and comfortable heat. Private backyard is fenced, has two storage sheds, and cozy chiminea outdoor fireplace. Extra long carport has space for two cars, as well as additional patio space off of the family room. This home has been well maintained with a new roof over the carport and southern portion of the home in 2017. Located in a quiet neighbourhood a short drive from all of the amenities and shopping Ladysmith has to offer, this is a lovely place to call home.
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I have listed a new property at 5843 DELTA CIRCLE in NANAIMO.
5 bed, 2 bath home in desirable North Nanaimo. Upstairs, you'll find a large living room with hardwood flooring, propane fireplace, and large picture window that lets in lots of natural light. Off the living room is the dining room and kitchen with stainless steel dishwasher and stove, lots of cupboards, and access to the deck. 3 bedrooms upstairs including master with cheater door to main washroom. Downstairs, you'll find the inviting family room with cozy wood fireplace, 2 more bedrooms and remodeled washroom. Many renovations throughout including: addition of 5th bedroom, new flooring in 90% of the home, bathroom, deck, trim, fresh paint, and landscaping. Lots of room for your vehicles and toys in the single car garage, carport and additional RV parking. Fully fenced, flat yard features garden boxes, mature fruit trees, large deck, covered patio and large gate for easy vehicle access. Includes central vac and is wired for alarm system. Quiet, family friendly cul-de-sac near parks, all levels of schools, shopping and amenities. Included with the home: fridge, stove, dishwasher, washer, dryer, alarm system, central vac, garage door opener, doorbell camera, garbage disposal.
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I have listed a new property at 73 RANCHVIEW DRIVE in NANAIMO.
4 bed + den, 3 bath family home in Cinnabar Valley. Quiet setting backing onto greenbelt where you can enjoy trails and boardwalks through Richards Marsh. Upstairs features an open concept kitchen/living room with gas fireplace and access to the newly refinished vinyl deck. Laundry room off the kitchen has front load washer and dryer and lots of space for storage. New laminate flooring in all 3 bedrooms upstairs. Master bedroom features ensuite, walk in closet and sliding door with access to the deck. Finished basement has 4th bedroom, washroom, den and family room with pellet stove. Downstairs has separate breaker panel and could easily be turned into a suite, or provide additional space for a growing family! Energy efficient heat pump, gas furnace, and hot water on demand. Backyard is fully fenced with new cedar fencing, and has several large fruit trees. 2 car garage and additional RV parking for all of your vehicles and toys! Easy access to highway, trails and shopping. Close to Cinnabar Valley Elementary School and bus routes.
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As summer drew to an end we saw a dip in sales, with 11% fewer sales than August 2018 and 9% fewer than July 2019. The VIREB housing market has transitioned towards a balanced market, with some areas trending towards a buyers market. Sellers are recognizing the change in the market and adjusting their pricing expectations. 

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The single biggest mistake you can make when marketing your home is pricing incorrectly. You only get one chance to make a great first impression so you want to ensure that you are pricing your home accurately.


Price too high and you risk your property sitting on the market too long and the market conditions changing. Overpricing also limits demand and reduces the number of buyers who view the home. Without viewings, you aren’t going to get a sale at any price so you need to set a price that is enticing enough to get buyers through the door and submit an offer.


Many clients ask: “Can I test the market at a high price and reduce if I don’t get any offers?” In theory, you can price your home at whatever price you like but that doesn’t mean there is a buyer out there willing to pay it. Research proves that overpriced homes sit on the market longer and actually sell for less than comparable homes that are priced at the correct market value from the start. 


Get it right the first time! Before listing your home for sale, seek the opinion of a local real estate professional. Your real estate agent will research recent sold and listed properties, review features, neighbourhoods, and current market conditions in order to provide you with an accurate estimate of your homes market value. If you get multiple evaluations, keep in mind that no two appraisals will ever be exactly the same but they should be close.


Pricing your home correctly will help you to put your best foot forward and maximize your chances of getting a sale. 









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The Vancouver Island Real Estate Board has realeased their lastest stats for May 2019. 


In summary, we continue to see a softening in the market. Current conditions are comparable to that of 2014 and it is expected that market conditions will continue into to fall. Weaker demand has resulted in a 22 percent increase in inventory of single family homes in the VIREB market compared to one year ago. Homes are moving more slowly but we are still seeing sales; and well priced properties are moving quickly.   


To view the full report visit www.vireb.com

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1. Depersonalize

You’ve spent time personalizing your home and adding finishing touches to your space. But when it's time to sell it’s best to get back to the basics so you can showcase your home, not your things. This is the perfect time to start packing so go ahead and put away those cherished family photos, sports-themed posters, collections, awards, and antique china set. Your goal is to create a neutral space where buyers can visualize themselves moving in.


2. Declutter

Create a clean visual for buyers by removing any unnecessary items. Focusing on functionality will help you decide what to keep and what to put away (photos, accessories, books, out-of-season clothing, and small appliances). Keeping the clutter to a bare minimum will help make spaces feel much bigger.


3. Paint

Patch any dents in the walls and apply a fresh coat of paint. If you’ve painted a room in the last few years, you can probably get away with a few quick touch ups rather than painting the entire room. You may also want to cover any brightly painted areas with an inviting neutral tone such as a cool grey or a warm beige.


4. Clean

Clean every surface until it shines! Presenting a clean home shows buyers you take care of your home. Wash the windows inside and out, clean the floors, pressure wash the driveway and don't forget to clean under sinks and appliances.


5. Make Small Upgrades

Make some small but impactful upgrades such as updating light fixtures or door handles. These updates can completely change the look of a room and can help increase the value of your home.


6. Add Curb Appeal

You can add a lot of curb appeal without investing a lot of money. A new door mat and a beautiful pot of flowers at the front door make a great first impression. If you’re feeling bold, try painting the front door red or navy blue.


7. Get Professional Help

Hire a handyman to fix leaky faucets, clean out the gutters, patch drywall, repair broken tiles and make other small repairs around the home. Buyers will notice if there is anything wrong so it’s a good idea to ensure everything is in good repair before listing your home.  


8. Tidy Up Outside

Tidy up the yard by cutting the lawn, raking the leaves and weeding the garden. For a bigger impact on a budget, add fresh mulch and some brightly coloured flowers.



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The speculation and vacancy tax is a key measure in tackling the housing crisis in major urban centres in British Columbia, where home prices and rents have skyrocketed out of reach for many British Columbians.


The provincial government is taking action because people who live and work in B.C. deserve an affordable place to call home.


The speculation and vacancy tax is a part of government's 30-Point Plan to make housing more affordable for people in our province.


This new annual tax is designed to:

  • Target foreign and domestic speculators who own residences in B.C. but don’t pay taxes here
  • Turn empty homes into good housing for people
  • Raise revenue that will directly support affordable housing

All owners of residential property in the designated taxable regions of B.C. must complete an annual declaration. Over 99% of British Columbians are estimated to be exempt from the tax.

How to Exempt Yourself

To claim your exemption, you must register your property by March 31, 2019 – and it’s easy to do, either by phone or online. The information you’ll need to register your property declaration will be mailed by mid-February to all owners of residential property within the taxable regions. 


Contact us if you’re expecting a declaration letter from us and haven’t received one by late February.


Please note that if your property has more than one owner, even if the other owner is your spouse, a separate declaration must be made for each owner. 

How the Tax Will Be Charged If You're Not Exempt

The speculation and vacancy tax rate varies depending on the owner’s tax residency and whether the owner is a Canadian citizen or permanent resident of Canada, or a member of a satellite family.
 

By levying the highest tax rate on foreign owners and satellite families (those who earn a majority of income outside the province and pay little to no income tax in B.C.), the speculation and vacancy tax is a way to make sure these property owners are paying their fair share in taxes.


The speculation and vacancy tax applies based on ownership as of December 31 each year.


Note: The speculation and vacancy tax is distinct from the empty homes tax in the City of Vancouver.


Read our answers to questions on the speculation and vacancy tax and learn about how to declare, the taxable regions and the available exemptions.


Subscribe to receive updates as new information about the speculation and vacancy tax becomes available.


NOTE: This article was originally published on the BC Government's website here.

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We saw a 28% drop in the sales of single-family homes and a 32% increase in inventory compared to January 2018. As expected, the shift towards a more balanced market is resulting in modest price reductions and lower demand as many buyers take a "wait and see" approach. The balanced market conditions offers buyers more choice and room to negotiate. This is not to say that it is a bad time for sellers to be getting into the market; just that sellers will need to adjust their expectations to the current market conditions rather than the record-setting pace we've experienced over the last few years. 

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We are seeing a shift towards a more balanced market compared to the long-term sellers market we have experienced. Changes in government policy, the mortgage stress test, and the increase in interest rates have all impacted real estate markets across the country. Buyers are taking more time to observe these changes in the market and we have seen fewer multiple offers as a result.


That said, prices continue to rise in the VIREB market despite moderating sales. In October 2018, we saw 385 single family homes sold which was 11 percent higher than in September, yet 16 percent lower than October 2017. With a benchmark price of $508,200, prices have increased by 11 percent compared to one year ago. Overall inventory of single family homes is down 8 percent from September but up slightly from 2017 (1175 vs. 1138).


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