tag:blogger.com,1999:blog-2421188412764819292024-02-18T23:01:56.463-08:00Construction Renovations Kelowna Flywheel Building SolutionsHome construction contractors, builder, home renovations, home designers, building permits, general contractors, energy upgrades, Renovations Kelowna, Kelowna Construction, Contractors Kelowna, Renovations, Construction,Contractors, Kelowna, code, design, buildKen Kunkahttp://www.blogger.com/profile/03676208044437515813noreply@blogger.comBlogger15125tag:blogger.com,1999:blog-242118841276481929.post-66092181931647082532010-04-03T11:52:00.000-07:002010-04-03T11:55:21.382-07:00Construction Budgeting - Contingency Reserve<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgWJCQZENllymoe-XYBIWmDBA7pYSBDfng-BMRQa-7W81zKdntXMYqkCuxb5809lzPQhKJQ4D2fPXU0sWxE7QNTpMkhufxjHhw26DF3y_c1iXyEJU4ezbd1RA4J7VyZMJRk0D9oclTUPnc/s1600/iStock_frustrated+-XSmall.jpg"><img style="float:right; margin:0 0 10px 10px;cursor:pointer; cursor:hand;width: 200px; height: 132px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgWJCQZENllymoe-XYBIWmDBA7pYSBDfng-BMRQa-7W81zKdntXMYqkCuxb5809lzPQhKJQ4D2fPXU0sWxE7QNTpMkhufxjHhw26DF3y_c1iXyEJU4ezbd1RA4J7VyZMJRk0D9oclTUPnc/s200/iStock_frustrated+-XSmall.jpg" border="0" alt=""id="BLOGGER_PHOTO_ID_5455986339105956866" /></a><br />The Importance Of a Contingency Reserve<br /><br />Throughout the processes of remodeling, renovating, or building your own home, some homeowners discover unforeseen obstacles or repairs not noticed during the initial home construction. In most cases, a contingency reserve will be needed to help cover unanticipated costs that occur during this crucial time period. A contingency reserve should be considered early in the home construction process as part of a home construction loan.<br /><br />Before making the final decision on how to remodel or construct your home, you should first consult a contracting company if you have not yet done so. This step is necessary for input on how your contractor can help fit the plans into your budget, which then ties into your contingency reserve. Once you are aware of the total budget, you will know what percentage of your budget should be placed on reserve for unforeseen costs in the future.<br /><br />Contingency reserves can range anywhere between 5% and 15% of the initial budget of your overall home construction or remodeling plans. These percentage rates coincide with the total home construction loan and also with the overall costs to build. This is necessary to insure that all extra costs, including inaccurate prices, missing items or overdrawn accounts, are covered and paid in full in case emergency usage is required.<br /><br />Contingency reserves can save most homebuilders money in the long run. If you were to put a certain percentage of your initial budget away for safe keeping and emergency use, when the time came to use the money, you wouldn’t have to wait for the time it would take to go to your loan officer. This saves time, work, and money in the long run because there is no panic about where the money to buy new materials will come from because you’ve already planned ahead.<br /><br />These contingency reserves are key in establishing and maintaining the construction of new and old homes and should be one of the first steps considered when thinking of building or remodeling any kind of home.<br /><br />For help in building your budget contact Ken at 250 859 6062 <a href="http://www.flywheelbuildingsolutions.com">www.flywheelbuildingsolutions.com</a>Ken Kunkahttp://www.blogger.com/profile/03676208044437515813noreply@blogger.com7tag:blogger.com,1999:blog-242118841276481929.post-25022949946712839702009-11-20T08:23:00.001-08:002009-11-20T08:23:54.760-08:00HST - CHBA works towards changes<span style="font-weight:bold;">Increase of HST threshold a good first step</span><br /> <br />BURNABY, November 19, 2009 – The Government of B.C. announced today the HST transition rules on housing. <br /><br />“As a result of the advice you have provided to government and B.C.’s unique real estate conditions, the Province is proposing to increase the threshold for B.C.,” said Colin Hansen, Minister of Finance, in a statement to CHBA BC early today. <br /><br />The Province is proposing to increase the threshold for the B.C. HST new housing rebate from $400,000 to $525,000 to ensure that, on average, purchasers of new homes up to $525,000 pay no more tax due to harmonization than is currently embedded as PST. Purchasers of new homes would be eligible for a rebate of 71.43 per cent of the provincial portion of the HST paid on a new home, up to a maximum of $26,250. Homes above $525,000 would receive a flat rebate of $26,250 or the same 5% that CHBA BC has recommended. This enhanced rebate represents a 30 per cent increase in the threshold and maximum rebate available.<br /><br />“CHBA BC has worked diligently to ensure meaningful change to the HST threshold and we are pleased that government has acknowledged our recommendations in their final decision. We will over the next two years continue to compile empirical data to demonstrate to government that this threshold sill needs to be raised. Indexing will also be top of mind as we continue lobbying,” said Bob Deeks, President of CHBA BC. <br /><br />The Province is also proposing transitional rules for new housing. The provincial portion of the HST would not apply to sales of new homes where ownership or possession is transferred before July 1, 2010. <br /><br />CHBA BC suggested to government that new houses should be entitled to grandparenting up to July 1, 2010. Grandparenting rules issued in today’s notice state that sales of newly constructed or substantially renovated homes would be grandparented where the written agreements of purchase and sale are entered into on or before November 18, 2009 and both ownership and possession of the homes are transferred under the agreement after June 2010.<br /><br />For more information on new housing rebates and transitional rules for B.C. HST, please visit www.sbr.gov.bc.ca. <br /><br />The Canadian Home Builders’ Association of BC, a viable industry driven organization, is the voice of the residential construction industry in BC, and is built on a vision of strong and positive roles for the housing industry. CHBA BC is committed to supporting the professionalism of our over 1700 members and providing affordability, quality and choice for consumers. CHBA BC’s voluntary membership comprises builders, developers, renovators, suppliers and other professionals who are dedicated to industry excellence. <br /><br />Further Information<br />Nafisa Abdulla, Director of Communications<br />Canadian Home Builders’ Association of BC<br />604.432.7112Ken Kunkahttp://www.blogger.com/profile/03676208044437515813noreply@blogger.com2tag:blogger.com,1999:blog-242118841276481929.post-37644313998608076382009-06-14T08:17:00.000-07:002009-06-14T08:38:19.440-07:00Okanagan - Dimensionally Stable Timber Framing - Tru DryBuilding with or adding a timber frame feature to a new build or renovation is an excellent choice in today's market. However, working with large dimensional lumber can it's problems if not cured correctly. Curing wood timbers is difficult and it usually results in the heart of the timber having high moisture levels. Large timbers will often twist, crack and check in our dry climate over time, which can lead to an appearance that is not visually appealing or to structural problems.<br /><br />When I saw a Tru-Dry (<a href="http://www.fglco.com/trudry.html">http://www.fglco.com/trudry.html</a>) presentation at the latest Canadian Home Builders Association South Okanagan regarding a unique drying technique I thought I should pass the information along. This Oregon based company offers the designer and builder an assurance that the timbers being installed will stay more dimensionally stable over time<br /><br />Tru-Dry offers a clear advantage to builders and home owners seeking the finest timber available -- it's consistent and uniform moisture content. Using advanced, next-generation Radio Frequency Vacuum (RFV) technology Tru-Dry is:<br /><br /> * > dried evenly, to the core of each piece.<br /> * > the most consistently dried timber on the market.<br /> * > the most stable, solid-sawn timber on the market.<br /> * > the leader in quality and appearance.<br /><br />For more information contact:<br /><br />Paul Bouchard<br />BP Wood<br />PO Box 1029 Penticton BC<br />250 498 7255<br />www.bpwood.comKen Kunkahttp://www.blogger.com/profile/03676208044437515813noreply@blogger.com2tag:blogger.com,1999:blog-242118841276481929.post-11531529208603760422009-02-24T22:55:00.000-08:002009-02-24T22:57:26.648-08:00Summerland Economic Outlook - Eric Geritts Homescape Building and DesignOn February 18th, 2009 Patrick Murphy of RE/MAX Orchard Country hosted a Summerland Economic Outlook event. I was pleasantly surprised by the large turnout, guest speaker variety and the positive attitude in the room. Newly elected Summerland mayor Janice Perrino capped it off with an energetic and sobering presentation. The presentations avoided the negatives but stressed the realities of the challenges to be faced and an open community effort to kick-start local business.<br /><br />One of the main speakers was Eric Gerrits, Past President of the Canadian Home Builders Association South Okanagan and owner of Homescape Building and Design. He outlined a bright future for anyone thinking of building of renovating in the next couple of years.<br /><br />“As a long term resident of Summerland, this is the third economic downturn I have experienced and I have to say, that the Okanagan is always the bright spot in BC’s economic picture during these correction periods. We have an incredible resource specific to the valley in the way of tourism, retirement, inter-provincial migration to our area, and a rapidly growing wine industry that is a huge promotion toll to make people aware that we live in Gods country, we no longer the “best kept secret”. Who wouldn’t wish they could live here after experiencing the best place in Canada while vacationing in Okanagan communities like Summerland.<br /><br />While housing starts are expected to decline, the renovation market is expected to grow significantly as people decide to make there current residence more comfortable by upgrading windows, re-roofing or creating more square footage for a growing family.<br /><br />There are many grant programs available by the Provincial, Federal and Utilities plus PST and income tax exemptions and credits. All of these positively impact your comfort and utility bills while increasing the equity in your home. Now is an ideal time to consider these upgrades because now there are skilled tradesmen available that will be only too happy to take on these jobs. However, homeowners must be wary of the underground economy and only use qualified trades people with a track record.<br /><br />(Flywheel side note – As a municipal inspector I have seen some very scary projects done by DIY’s and unskilled contractors, hire skilled people or assistance and avoid problems. Also check with your local building department regarding permits.)<br /><br />Every home that is built provides 2.8 person years of employment and produces over $30,000 in spin-offs back into the local economy. Construction accounts for 2.3% of the provincial GDP contributing $3.5 billion to the provincial economy last year alone. It is the largest economic engine in the province and will be a leader on the path to our recovery in BC and local communities like Summerland.<br /><br />The market has clearly shifted from a sellers to a buyers market and by all accounts 2009 will be the adjustment year.<br /><br />If you were told in the summer of 2008 that you could:<br />• Save 20% on the construction value of your project<br />• Pay 3% less in interest rates<br />• Complete your project two to three months sooner with higher skilled labour.<br />Wouldn’t you want to Build or Renovate. Well that is what we have right now!<br /><br />In this new economic reality, now is the time to consider that project, whether it’s a new deck, a bathroom or kitchen renovation or that new home you’ve always dreamed about. Costs will never be lower, permits never quicker and trade availability will never be better. So don’t miss this opportunity of a lifetime to become a homeowner, and your decision to act now, will provide the stimulus for your local community to continue and grow and prosper. “<br /><br />Eric Gerrits, RHP<br />Homescape Building and Design<br />Summerland<br />250 – 494 – 9850Ken Kunkahttp://www.blogger.com/profile/03676208044437515813noreply@blogger.com4tag:blogger.com,1999:blog-242118841276481929.post-64827477534370390992009-01-30T17:34:00.000-08:002009-02-23T21:43:23.182-08:00Preparing your yard for the new Renovation - Excavating & Landscaping in the Okanagan<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjeYnfcevf0U6OuHJ3rVOreZ0yoanfXSFV02BNjuXshyEvXXa8zlc2c-Zo9JDlFd579uFZhUiPqxjZz9Q7dIDapeOv6FMxgNNShDuX8h8HJInlyFFTxPsJ8un7pg7_8MQ-z9VCY35fU8H8/s1600-h/urban+contracting+logo.jpg"><img style="margin: 0pt 0pt 10px 10px; float: right; cursor: pointer; width: 110px; height: 155px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjeYnfcevf0U6OuHJ3rVOreZ0yoanfXSFV02BNjuXshyEvXXa8zlc2c-Zo9JDlFd579uFZhUiPqxjZz9Q7dIDapeOv6FMxgNNShDuX8h8HJInlyFFTxPsJ8un7pg7_8MQ-z9VCY35fU8H8/s200/urban+contracting+logo.jpg" alt="" id="BLOGGER_PHOTO_ID_5297267602341949474" border="0" /></a><br />This article was provided by Greg Truman of Urban Contracting "Defining the Art of Excavating"<a href="http://www.kelowna-excavating.com/page1.aspx"> www.urbancontracting.ca </a><br />250 215 8006<br /><br /><span style="font-weight: bold;">Preparing your yard for the new Renovation.</span><br /><br />Left alone, water is one of the most powerful forces in nature. Properly collected, controlled and directed water becomes manageable and predictable. Preparing your yard for that new addition is one of the most critical steps in assuring your investment doesn’t wash away or at the very least settle, shift and crack. A sound foundation is the cornerstone of your project. Companies like Flywheel Building Solutions may be involved in the preconstruction and final finish stages to assist homeowners with all the aspects of the project assuring that any details large or small are being properly reviewed and completed as per the local building codes. Excavating contractors like Urban Contracting or your building contractor are also excellent sources to help you design and properly complete your project. If you’re the kind of homeowner that likes to get involved and assume the roll of the General Contractor here are some steps you should follow;<br /><br />The first consideration before you start excavating, for the new addition, is reviewing the general layout of your slope around the property and to assess the type of ground conditions or geology of your property. Controlling water runoff or ground water starts with understanding the slope of your property and where you are going to direct the excess water from the new structure. Mother Nature over millions of years has shaped the landscape as we see it today. When we remove the earths natural ability to absorb water in the native soil and replace it with hundreds of square feet of roof we must direct and control the potential deluge of water to locations that are designed to adequately absorb and disperse the water. We do this by directing the water into pipes that flow to drywells or some form of seepage bed located 3 meters or more from your buildings foundation. The Okanagan Valley offers diverse geological soil conditions. Ground conditions will vary from property to property, homeowners can be faced with; bedrock, silt, clay, hardpan, sand, gravel or a combination of all the above. When assessing the degree of slope required to control your surface water the homeowner must consider the size and type of drywells required based on your geological conditions. As an example, a property with a gravel base would require substantially less area to direct and absorb the water V.S. a property with bedrock or hardpan conditions. Again, if you not sure it’s best to consult your contractor, engineer or building inspector for the location and size of the collection system.<br /><br />Ask yourself these questions; What impact will the new addition have on your existing yard? Will I need to relocate irrigation lines or small plants and shrubs? Is my septic system or drain field in the excavated area? If so, does the septic system still meet the Ministry of Health’s setbacks or usage guidelines? What is the location of your domestic water line? Am I on a community sewer system, Is the pipe near or under the new addition? Do I have an underground or overhead electrical connection, if so, where is it located? What impact will the new roof runoff have on your existing drywell or water collection system? What are my ground conditions? And finally, what will happen with the surface ground water after your addition is complete?<br /><br />Once you have assessed your property its time to redesign and redirect your surface and ground water to a proper location. It is very important that the foundation for your new addition be kept dry and is capable of dealing with any unexpected water from either underground or surface water. Ground water or surface water that is able to penetrate your footings will over time cause serious damage. Your building will settle and drop creating instability and noticeable damage. To solve the issue, homeowners have the option of using a 4 inch plastic perforated product called “Big O” or a more ridged perforated 4 inch PVC type pipe. The perforated pipe, that allows water to enter quickly, is carefully laid next to the entire length footings and completely covered over by the locally approved drain rock and a filter cloth used to create a barrier between the soil and the clean drain rock to help prevent silt-out or contamination. The pipe is gently sloped along the foundation until it reaches the drywell located at a specific distance from the building.<br /><br />So, you have completed the required perimeter drainage system and now its time to backfill your new addition. It is recommended that the surface slope of the property be a minimum of 2% from the building allowing surface water to naturally flow away from the building. Some regions or cites have adopted slopes of 7-8% or more. It is also advised the material being used to backfill your structure be compacted by mechanical means. Poor compaction of the surrounding excavation will allow the lose ground to settle and cause low spots allowing water to pool. This pooled water will naturally drain down the side of the concrete wall further settling the un-compacted ground. If not corrected, pooled areas will cause damage to the footings, sidewalks or driveway as the ground continues to settle. Once again, depending on ground conditions and the potential volume of water from the surrounding area, the homeowner should consult their local inspectors or building department for recommended guide lines or suggested slopes. If your land is properly sloped away from the building the perimeter drainage system my never see any water.<br /><br />The single most neglected item that will cause serious damage to your building and surrounding structures are the roof drains. Remember, you have redirected hundreds or thousands of square feet of land that was previously able to absorb the water naturally and now have it focused to your new roof. If you don’t control or redirect the water to a new location you are allowing high concentrations of water to be distributed to just a few down spouts. If your property is not sloped correctly the water will very quickly find the path of least resistance. This path, leads directly to your footings, under your newly poured sidewalk or freshly paved driveway. We have all visited someone’s home and seen the sidewalk slabs that are misaligned, the retaining wall that looks like it may fall over any day or the driveway that has cracked, shifted or sunk. This damage could be from poor compaction during construction but most likely is from misguided surface water. <br /><br />The installation of a three or four inch solid PVC piping system connected to all the down spouts on the building is ideal to control and manage any roof water. The PVC pipe is normally run along the side of the building approximately six to twelve inches below the surface. In addition, any large surface areas like your driveway, decks, pool, grass and patios should also be collected and directed to the same drywell or a series of drywells depending on the layout of your property. This new system should not be connected to your perimeter drainage system that was installed for the footings. Find an area away from the building suitable to support the potently large volumes that may occur from rapid runoff in the spring or heavy rainfalls throughout the years.<br /><br />Now that you have controlled the water in your yard is time to reinstall the irrigation, any additional plants or that new patch that is required to complete your landscaping. Any irrigation located near the building should be monitored and operated manually every few months to assure it has not been compromised. Be aware that newly excavated areas can often settle causing a break in the irrigation system. Although you have just designed the property to deal with surface and underground water a failed irrigation system can cause serous damage to your property.<br /> <br />As a quick recap, I always recommend to my customers that it’s important to control any potential water that may find its way to your footings by installing a proper drainage system, compact your excavation and control your surface ground water by sloping your property to the recommended building code in your area. Control and capture any roof or manmade surface area, including large patches of grass that are not able to naturally absorbed water like the original native soil. If you follow these basic steps you will ad years of value to your home.<br /><br />Greg Truman<br />Urban Contracting<br />www.urbancontracting.ca<br />info@urbancontracting.ca<br />Kelowna 250-215-8006<br />Penticton 250-492-1147<br />Toll Free 877-290-8006Ken Kunkahttp://www.blogger.com/profile/03676208044437515813noreply@blogger.com1tag:blogger.com,1999:blog-242118841276481929.post-74763609561238246712009-01-28T09:12:00.000-08:002009-01-28T09:13:35.977-08:0015% tax credit for renovation projects<span id="ctl00_ContentPlaceHolder_article_NavWebPart_Article_ctl00___SubTitle1__" class="subhead1">Homeowners can claim 15% of costs on projects worth $1,000 to $10,000</span> on top of the grants offered by the Livesmart & ecoenergy programs and local utility providers.<br /><span id="ctl00_ContentPlaceHolder_article_NavWebPart_Article_ctl00___Author1__" class="articleAuthor"><br />To learn more on unlocking the potential of your home go to <a href="http://www.flywheelbuildingsolutions.com/">www.flywheelbuildingsolutions.com</a><br /><br />Madhavi Acharya</span> <br /> <!-- AUTHOR 2--> <span id="ctl00_ContentPlaceHolder_article_NavWebPart_Article_ctl00___Author2__" class="articleAuthor">Tom Yew</span> <br /> <!-- AUTHOR 3--> <span id="ctl00_ContentPlaceHolder_article_NavWebPart_Article_ctl00___Author3__" class="articleAuthor">Dana Flavelle</span> <br /> <!-- CREDIT 3--> <span id="ctl00_ContentPlaceHolder_article_NavWebPart_Article_ctl00___Credit3__" style="text-transform: uppercase;">BUSINESS REPORTERS</span><br /><br /> <!-- ARTICLE CONTENT --> <p>OTTAWA–Installing a new furnace this year? Building a deck? </p><p>The proposed federal budget offers a temporary new tax credit for your home renovations – provided you do them soon.</p><p>The Home Renovation Tax Credit (HRTC) is designed to get Canadians spending now to help create jobs in industries typically hurt by an economic downturn.</p><p>"These measures to support home construction and renovation will help stimulate our construction and building-supplies industries," Federal Finance Minister Jim Flaherty said in his speech. "This in turn will support forestry and other Canadian industries. It will give an immediate boost to our economy, and help to create jobs." </p><p>Effective today through Jan. 31, 2010, homeowners can claim a tax credit for 15 per cent of renovation expenses between $1,000 and $10,000. The maximum tax credit (on $9,000 in renovations) is worth $1,350. </p><p>The government estimated the total value of the tax credit at about $3 billion, and expects about 4.6 million families to benefit. </p><p>The tax credit would apply to a variety of home improvements, such as renovating a kitchen, bathroom or basement, new carpet or hardwood floors, building an addition, deck, or fence, installing a new furnace, painting the inside or outside of a house, or laying new sod.</p><p> Expenses such as building permits, professional services, and equipment rentals are also eligible. Routine repairs and maintenance will not qualify for the credit. Nor will the cost of purchasing furniture, appliances, electronics, or construction equipment.</p><p>Houses, cottages and condominium units owned for personal use are eligible.</p>Ken Kunkahttp://www.blogger.com/profile/03676208044437515813noreply@blogger.com0tag:blogger.com,1999:blog-242118841276481929.post-16520033588130968012009-01-13T10:58:00.000-08:002009-01-13T11:12:14.077-08:00Flywheel - Building Okanagan - When do you need an Engineer<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgWT6jA62fRZ-5pcqGfqr8kr1qyDXLvCScnDxwroVwFqSQ6MZTUMpXWYWc6nY7S-I31-H6A5Gxv7yDD9F2WiavonlDwilapT2h-8z05ienudTyMLapb5N9YVWkPTlkWCqwfgvkgOLueEUY/s1600-h/iStock_sitegeneralXSmall.jpg"><img style="margin: 0pt 0pt 10px 10px; float: right; cursor: pointer; width: 200px; height: 132px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgWT6jA62fRZ-5pcqGfqr8kr1qyDXLvCScnDxwroVwFqSQ6MZTUMpXWYWc6nY7S-I31-H6A5Gxv7yDD9F2WiavonlDwilapT2h-8z05ienudTyMLapb5N9YVWkPTlkWCqwfgvkgOLueEUY/s200/iStock_sitegeneralXSmall.jpg" alt="" id="BLOGGER_PHOTO_ID_5290857983966153186" border="0" /></a><br />I am often asked when should an engineer come on board for a residential project. Unfortunately there is no clear answer. The best solution is to first speak with your local building authority. Some require a soils and structural engineer for anything bigger than a two car garage while other more rural areas have are more willing to do some calculation leg work. A rule of thumb would be to obtain a soils engineer for any type of addition or new build and a structural engineer for anything over $50k in value. It is better to be safe than sorry.<br /><br />The <a href="http://www.apeg.bc.ca/">Association of Professional Engineers and Geoscientists of BC (APEGBC)</a> have created two documents that may offer clarification of when an engineer should be required and who is responsible for what.<br /><a href="http://http//www.apeg.bc.ca/ppractice/documents/ppguidelines/Guidelines%20for%20Professional%20Structural%20Engineering%20Services%20for%20Part%209%20Buildings.pdf"><br />Guideline to professional services</a><br /><a href="http://http//www.apeg.bc.ca/ppractice/documents/ppguidelines/Structural%20Design%20Issues%20for%20Housing%20and%20Small%20Buildings.pdf">Guidelines for Housing</a><br /><br />For more information contact<br /><br />APEGBC<br />200-4010 Regent Street<br />Burnaby, BC V6C 6N2<br />Direct: 604-412-4853 Toll Free: 1-888-430-8035 Ext. 4853<br />www.apeg.bc.caKen Kunkahttp://www.blogger.com/profile/03676208044437515813noreply@blogger.com0tag:blogger.com,1999:blog-242118841276481929.post-10494051876930148312008-12-12T07:26:00.000-08:002008-12-12T07:33:39.618-08:00Flywheel - Building - Interest rates dropThis information was forwarded by Laurie Baird of <a href="http://okanaganmortgages.com">Okanagan Mortgages.com</a><br /><br />Below is a Financial Post article regarding the decision of the Bank’s to not pass on the full 75 bps rate cut. Specifically:<br /><br />“In normal times, financial institutions do better when the central bank lowers the cost of funds, happily passing on cheaper loan rates to consumers to encourage them to borrow more. But when the official rate starts getting closer to zero, the dynamics start to change, as the prime rate that banks charge customers is pushed nearer to their own cost of funds.”<br /><br />Simply put, we’re in unchartered territory. The BOC rate is at a 50 year low. There’s little data available to see what Bank’s have done in the past under these circumstances. So while many economists suggest a further 50 bps rate cut is going to happen January 20th, there are absolutely no guarantees the Banks will follow. We’re getting to the point where further BOC rate cuts may not have much of an impact in terms of economic stimulus.<br /><br />Bay Street changes rules of rates game<br /><br />Eoin Callan and Gary Marr, Financial Post Published: Tuesday, December 09, 2008<br /><br />Canadian bank executives say the cost of funding in international markets remains extraordinarily high.<br />Bay Street's profit margins are starting to come under pressure as official interest rates creep closer to zero, prompting retail banks to change the rules of the game so customers pay more.<br /><br />While the Bank of Canada on Tuesday cut interest rates to the lowest level since the 1950s, the country's five big banks indicated they would no longer march in lock step with the central bank. Instead, Bay Street is keeping the cost of borrowing for consumers more elevated in a bid to protect corporate earnings, passing on only part of the rate cut to customers.<br /><br />While the decision of Bay Street to pocket part of the Bank of Canada rate cut is seen as good for shareholders and bad for customers, there is less certainty about how it will impact wider demand, partly because there are few historical precedents.<br /><br />"We just don't have much experience with this," said an official at the Federal Reserve who has studied how financial institutions behave when central banks cut rates close to zero.<br /><br />The central banker said data were limited but suggests retail banks remain willing to lend even when official rates fall near zero, as they tend to find ways to protect profit margins on loans.<br /><br />In normal times, financial institutions do better when the central bank lowers the cost of funds, happily passing on cheaper loan rates to consumers to encourage them to borrow more. But when the official rate starts getting closer to zero, the dynamics start to change, as the prime rate that banks charge customers is pushed nearer to their own cost of funds.<br /><br />This was key to Tuesday's decision by RBC, TD, Scotiabank, BMO and CIBC to cut their prime rate by 50 basis points instead of the full Bank of Canada cut of 75 basis points, according to people in the industry.<br /><br />Joan Dal Bianco, vice-president of real estate-secured lending with TD Bank, said it would have left the bank without a profit if the full rate cut had been passed on to customers with variable products tied to prime.<br /><br />"We are still trying to earn something on this stuff. This has been quite the roller-coaster ride and it has not been too hot on the mortgage front. We just can't take on the whole 75-point cut," Ms. Dal Bianco said.<br /><br />Nancy Hughes-Anthony, head of the Canadian Bankers Association, acknowledged the decision to break step with the Bank of Canada created a public-relations challenge for Bay Street.<br /><br />But she said: "The banks are still borrowing in a very volatile marketplace. The Bank of Canada rate is only one component of their cost of funding, and while the cost of borrowing in international markets has come down a bit, it is still higher than before the crisis."<br /><br />John Aiken, an analyst at Dundee Securities, said banks were "starting to see margin compression" as the central bank cut rates to 1.5% from 2.25%, while banks reduced their prime lending rate to 3.5% from 4%.<br /><br />"The new loans that are being put in the books are arguably at a less profitable rate," he said.<br /><br />Vince Gaetano, a vice-president with Monster Mortgage, said he expects pressure will start to mount on the banks in the coming weeks to reduce prime further.<br /><br />"That's what happened the last time they tried to resist rate cuts," he said.<br /><br />This willingness to pass on rate cuts is critical to determining the ability of the Bank of Canada to stimulate the economy in the midst of a downturn.<br /><br />The central bank's own research shows "it is the real rate of interest that is most relevant" to the purchasing decisions of households, and that it can "influence demand only to the extent that adjustments to the [official] interest rate feed through to the real interest rate.Ken Kunkahttp://www.blogger.com/profile/03676208044437515813noreply@blogger.com0tag:blogger.com,1999:blog-242118841276481929.post-81178578108702440802008-12-09T11:58:00.000-08:002008-12-09T12:12:51.043-08:00Flywheel - Zoning regulations<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhccNje6H0h9_HBxFO8NFOorImdr4Mdb6DNNGYw8iuXCicA7f9onZJqybZ3JsJP9ZjoPbwEaNXnc_4IKviDsg1VVUf1HWJO9bb4v0wKdJ2xh53r_orJrBJ3pEEltQG64-MxETmVqhs3IXo/s1600-h/iStock_permitXSmall.jpg"><img style="margin: 0pt 10px 10px 0pt; float: left; cursor: pointer; width: 200px; height: 134px;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhccNje6H0h9_HBxFO8NFOorImdr4Mdb6DNNGYw8iuXCicA7f9onZJqybZ3JsJP9ZjoPbwEaNXnc_4IKviDsg1VVUf1HWJO9bb4v0wKdJ2xh53r_orJrBJ3pEEltQG64-MxETmVqhs3IXo/s200/iStock_permitXSmall.jpg" alt="" id="BLOGGER_PHOTO_ID_5277885023945782258" border="0" /></a><br />As discussed in previous articles, when thinking of building you must first consider the rules of the game. All local governments use the BC Building Code but each has it's own set of Zoning and Building Bylaw regulations. A quick count of the jurisdictions from Osoyoos to Vernon would be:<br />1 - Building Code<br />12 - Building Bylaws and<br />over 30 Zoning Bylaws (many Regional Districts have multiple zoning areas which can have different restrictions per zone use and different definitions)<br /><br />I came across an article in Fine Homebuilding to expresses the grief many designers and builders face in the valley. Although it's American based it touches on a number of areas that I believe need to be cleaned up to smooth the building process and foster sustainable development here in the valley.<br /><h1>Why I hate zoning regulations</h1> <div class="subHead">Or more specifically, why I hate American zoning regulations</div> <span class="byline">by <a href="http://www.taunton.com/finehomebuilding/authors/profile.aspx?id=99020">Mark McInturff</a> </span> <div class="contentSection"> <div class="Article_Text"> <p>I hate American zoning regulations because they make it illegal for me to work next door to where I live. They also limit what I can design as an architect, how it looks and where it can go. And the problem is hardly limited to suburban Washington, D.C., where I work. All over the country, the patchwork of regulations that has resulted from decades of amendments and overlays is doing more harm than good. Zoning regulations that began in response to health and safety issues during the Industrial Revolution have become a catchall for every sort of specialized concern from traffic management to aesthetic conformity.</p> <!--Link Only--> </div> </div> <div class="contentSection"> <div class="Article_Text"> <h2 class="articleHead">Sprawl wastes land and energy</h2> <p>I don’t like what zoning regulations are doing to our land and to our environment. As more and more Americans have pursued the dream of house, yard and car, our communities have spread out, consuming more and more land and requiring more and more roads. No single word regarding land use terrifies the general populace more than “density” (although “traffic” comes in a close second). If density is bad, the argument goes, then more density is worse. Although the argument fails to explain the fear of density, it seems to stem from our midcentury abandonment of the American city.</p><p>The opposite of density, however, is sprawl: a smaller number of houses consuming more land, demanding more roads and producing more traffic traveling over greater distances. Perhaps if commuters understood that the hour they spend in the car going to and from work every day is the equivalent of spending six workweeks in their cars every year, they would rethink the joys of sprawl.</p><p>By simply using zoning regulations to increase density (decreasing lot size per house), we could shorten commuting distances, create less pollution and consume less land and less energy. While virtually every land planner knows this to be true, the political nature of the zoning process makes it tough to accomplish. Too often, zoning decisions result from input by remarkably vocal and frequently unsophisticated developers, politicians and landowners. Consequently, sprawl goes unchecked, and every year, more land is given over to a landscape littered with houses and roads.</p> <!--Link Only--> </div> </div> <div class="contentSection"> <div class="Article_Text"> <h2 class="articleHead">Zoning segregates society</h2> <p>I don’t like what our zoning regulations do to society. In equalizing lot size in any given residential zone, zoning regulations determine the size of the house to be built, its cost and the owners’ income, segregating our society in the process. Our system essentially requires aging couples to leave the community in which they have raised their children in order to downsize their housing as their retirement approaches.</p><p>I don’t like what zoning does to our days and to our families. I don’t like the fact that we must leave our homes to go to work. With the number of two-worker families on the rise, the result is less parental involvement in children’s lives and communities empty of adults during the day.</p><p>By separating living and working through zoning regulations, we go entirely against the current trend of telecommuting and home offices. Even zoning laws permitting home offices severely limit the number of employees allowed in the office. Again, it’s all about traffic. But does a small office of four people generate more traffic than an active family driving to soccer practices and Girl Scout meetings, or even several teenagers with driving privileges? Furthermore, employees who are commuting to home offices likely are cross-town or reverse commuting, therefore reducing the burden on busy in-and-out commuter routes.</p><p>Many jurisdictions now are struggling to find a way to deal with home-office issues, and the answer is not to develop Byzantine restrictions on trips per day or number of deliveries allowed. The solution is to allow more and restrict less. We are not talking about tanneries here, and the general population (including many of my clients) is going to work at home anyway. It’s a movement. It’s not going away, and patchwork zoning regulations will have no effect. While we’re at it, why can’t we create communities that include single people, childless couples or retirees by allowing for a diversity of house sizes through the creation of smaller lots or accessory buildings on existing lots?</p> <!--Link Only--> </div> </div> <div class="contentSection"> <div class="Article_Text"> <h2 class="articleHead">Many regulations are poorly written</h2> <p>Poorly conceived or written regulations often have unintended results. In one local jurisdiction, an attempt to limit accessorybuilding sites ended up prohibiting swimming pools. By increasing setbacks for buildings over a certain length, the zoning regulation inadvertently snared swimming pools in the category of accessory buildings. With a single inept move, thousands of single-family lots in an affluent community effectively were prevented from having a swimming pool. When this problem was brought to the attention of the local zoning officials, they replied that it would take county and council approval to revise the unintentional flaw.</p><p>In another imprecise zoning regulation, measuring building height to a midpoint between the eave and the ridge would perversely allow a 70-ft. tall pyramid in a zone with 35-ft. height limits.</p><p>As communities seek more and more involvement in their planning and design issues, zoning laws are being overlaid with attempts to limit the bulk, the height or even the design of the new structures that are being built. Ironically, many of these new zoning regulations are written in a way that would have prevented the construction of many of the much-admired historic houses that already exist in the same community.</p><p>I’d like to see current zoning regulations completely replaced with very general restrictions that are flexible enough to allow for a variety of solutions to any program and site. Limit the bulk by relating building area to lot size (as most commercial zones do), not by arcane formulas for number of stories, measuring points and so on. Limit height with a simple overall dimension, not with averages. Simply put (and it should be simple), let the lot size determine the house size, and let the house size determine the program (whether there can be an apartment or a home office in the building, for instance).</p> <!--Link Only--> </div> </div> <div class="contentSection"> <div class="Article_Text"> <h2 class="articleHead">So what's the answer?</h2> <p>It’s perfectly appropriate for communities to want to control growth and protect the environment, but the current trend of tightening controls through band-aid legislation is the wrong way to go. Instead, we need to overhaul the entire system. We need to examine what kinds of communities we really want, which means acknowledging who we really are.</p><p>We are a people of great ethnic, economic, age and cultural diversity. We need to build new communities that acknowledge this fact, and we need to transform the old ones as well. We need neighborhoods that create a real sense of community by encouraging walking or biking over driving, by allowing for a mix of living and working situations, by integrating diverse incomes and age groups, and by allowing for a richer range of architectural expression.</p><p>Every year, millions of Americans travel to Colonial Williamsburg in Virginia and to other similar places, wishing for a taste of what life was like in colonial times. The lively mixed-use streetscape where the blacksmith’s shop sits next to an upscale house, the variety of building types (shops, houses, barns and sheds), and the engaging mix of formal and informal architecture appeal to us. And yet the most that we seem to learn from the place is what colors colonists painted their houses. We didn’t start out boring; it took a while to get there. Zoning regulations had a lot to do with it.</p> <!--Link Only--> </div> </div> <div id="Article_Credits"><em>Mark McInturff is an architect in Bethesda, Maryland.</em></div> <div id="issueCredits"> From <em>Fine Homebuilding</em> 155, pp. 06-10 </div>Ken Kunkahttp://www.blogger.com/profile/03676208044437515813noreply@blogger.com0tag:blogger.com,1999:blog-242118841276481929.post-63050613276607428502008-11-20T22:50:00.000-08:002008-11-25T07:12:51.921-08:00Flywheel – Building – What are you willing to pay?How much and how long are two phrases that come up quickly in any building project discussion. The answers to both these questions ultimately depend on how organized you are and how much are you willing to pay. But when I say how much are you willing to pay, I’m talking about more than how big or small your budget is. A large part of having a good build project is how you handle the many emotional facets of each phase of the project. This is particularly important if you are planning to be the project manager.<br /><br />Embarking on a large build project, even a good one, will be one of the most exciting and taxing experiences on your families emotional limits. I’ve seen many relationships seriously tested and some ended by a project that went too long or over budget. It is not to time to build when you are having issues in your marriage or under extreme pressures from work or family commitments.<br /><br />To help avoid problems you first need to sit down with your spouse and discuss the budget and how you are going to make payments and how much liquid assets do you have available. If you are counting on investments such as your stocks (if you have any left) to carry you through then you may want talk that one through with a financial advisor. Having a good relationship with your lender and thoroughly understanding your borrowing limits and what their expectations are for the project will also help you avoid many sleepless nights.<br /><br />Some other items to review to reduce your stress levels and whether you should run your own project are:<br /><br />Do you and your spouse make a good team or is there conflict when a decision needs to be made.<br /><br />Who should take the lead, you are your spouse. Stats show that 75% of renovation decisions are by females.<br /><br />Are you planning to live in the house during your reno (remember the divorce dust syndrome). Will you need to live with your in-laws?<br /><br />Do you have flexibility in work schedule to run your project.<br /><br />Do you have enough construction knowledge to run the show and make critical decisions.<br /><br />Are you good working with others and giving directions.<br /><br />Are you a good at problem solving and are organized.<br /><br />Can you hold your tongue in a heated discussion with the builder, trades or inspector.<br /><br />Can you make more money at your job then what you could taking time off to run your job?<br /><br />Next step – Getting the right people on the bus.Ken Kunkahttp://www.blogger.com/profile/03676208044437515813noreply@blogger.com0tag:blogger.com,1999:blog-242118841276481929.post-28944440035877266852008-08-06T06:52:00.000-07:002008-08-06T22:40:49.770-07:00Flywheel - Better Foundations - Rub-R-Wall Waterproofing<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjuMSlUxZ6VEuN5-s1uJxdyDwFfSSSuasuAcelganLH-_h49884yKql9hj34pRI5TSp1LUv72fNHKrN_sJyUjg2omcSzyA6GmnjQjurYKS2TY5czdbvgdDZN3ueWeyhDt5SB05auaVWi74/s1600-h/waterproof-rub-r-wall-res.jpg"><img style="margin: 0pt 10px 10px 0pt; float: left; cursor: pointer;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjuMSlUxZ6VEuN5-s1uJxdyDwFfSSSuasuAcelganLH-_h49884yKql9hj34pRI5TSp1LUv72fNHKrN_sJyUjg2omcSzyA6GmnjQjurYKS2TY5czdbvgdDZN3ueWeyhDt5SB05auaVWi74/s320/waterproof-rub-r-wall-res.jpg" alt="" id="BLOGGER_PHOTO_ID_5231629309074037522" border="0" /></a>Rub-R-Wall is a liquid-applied single-component rubber waterproofing membrane that can be applied at ambient temperatures down to –15oC on frozen (not icy) substrates to form a seamless, impermeable, non-deteriorating rubber membrane. The membrane provides exceptional adhesion, has excellent inherent strength and is incredibly elastic, allowing for contraction and expansion, easily bridging gaps up to 1/16” wide. Rub-R-Wall can be used in both new construction and retrofit for commercial, industrial or institutional applications.<br /><br />Some of it's advantages:<br /><br />• 100% asphalt-free and won’t break down over time like many other products.<br />• Non-toxic and non-carcinogenic so won’t leach chemicals into the ground or ground water, making it an environmentally friendly choice.<br />• The membrane resists the attack of fungus, algae and bacteria and maintains its superior performance properties when exposed to chemicals and gases found in the soil.<br />• The product has a lifetime limited guarantee.<br />As far as the National Building Code is concerned, Rub-R-Wall meets the <span style="font-style: italic;">intent </span>of Part 5, Section 5.8.2 – Protection from Moisture in the Ground and Part 9, Section 9.13 – Dampproofing, Waterproofing and Soil Gas Control, a copy of which is included with this letter. (Contact your local building authority for further review)<br /><br />Rub-R-Wall is an excellent product and prevents the passage of water under hydrostatic, dynamic or static pressure and its uses include foundation walls, parking garage decks and ramps, plazas, podiums and pedestrian concourses, elevator shafts, tunnels and bridge decks.<br /><br />Rub-R-Wall Waterproofing of BC Inc. is also the BC dealer for other Advanced Coatings products including air/vapour barrier, drainage membranes, spray insulation and other products. You can visit their website at <a href="http://www.rubrwall.com/">www.rubrwallbc.com</a> for further details.<br /><br />For information or if you would like to discuss using Rub-R-Wall for your projects, please contact:<br /><br /><br />Bruce H. Gordon<br />Rub-R-Wall<br />Waterproofing of BC Inc.<br />info@rubrwallbc.com<br /><a href="http://www.rubrwallbc.com/">www.rubrwallbc.com</a><br />Tel: 604-535-4424<br />Cel: 604-341-2596Ken Kunkahttp://www.blogger.com/profile/03676208044437515813noreply@blogger.com0tag:blogger.com,1999:blog-242118841276481929.post-62513240397384900322008-08-01T19:36:00.000-07:002008-08-11T08:33:49.576-07:00Flywheel - Storage - Secure-Rite<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjeAbKSISXsNWp4aAmKV_1r0X3f7faBZRX00ocgkEMw68UnAhUdhMElzWbS49Ss0B_2yl_lFK1QEl7Em-jEhTpTphc34cPpftkFYJSfZRjt99bDbimdHf68TCyS5hyjYa3Qo_nA5gN6l0s/s1600-h/securerite.jpeg"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjeAbKSISXsNWp4aAmKV_1r0X3f7faBZRX00ocgkEMw68UnAhUdhMElzWbS49Ss0B_2yl_lFK1QEl7Em-jEhTpTphc34cPpftkFYJSfZRjt99bDbimdHf68TCyS5hyjYa3Qo_nA5gN6l0s/s320/securerite.jpeg" alt="" id="BLOGGER_PHOTO_ID_5233282840996226130" border="0" /></a><br /><div>The following information was provided by Lucas Griffin of Secure-Rite Mobile Storage Inc <a href="http://www.secure-rite.com/">www.secure-rite.com</a><br /></div><br />A few tips to consider when planning for a mobile storage unit.<br /><br /><span style="color: rgb(51, 102, 255);">• Decide what contents you want to place in the unit in order to determine which size you should order:</span><br />o We typically recommend a 10ft for 1 bedroom apartments or suites and a 20ft for 2-3 bedroom dwellings.<br />o When in doubt, go bigger - too much space is better than not enough!<br /><span style="color: rgb(51, 102, 255);">• Determine where you wish to place the unit:</span><br />o Pick a location as close as possible to the entrance you will use to load the unit in order to save time and work<br />o Decide which way you want the doors of the storage unit facing<br />o It is ALWAYS best to place the unit on your own property<br />o Units can be placed for short periods of time at the side of City Roads, but a permit must be obtained from the municipality<br /><span style="color: rgb(51, 102, 255);">• Ensure that the delivery truck will have enough room to deliver your storage unit:</span><br />o 10ft unit (10’L x 8’W x 8.5’H) requires 10’W by 50’L drop area<br />o 20ft unit (20’L x 8’W x 8.5’H) requires 10’W by 60’L drop area<br />o The width of residential streets may be included in above drop areas<br /><span style="color: rgb(51, 102, 255);">• When packing a unit:</span><br />o Place heavy contents at the bottom, lighter items on top<br />o Put items you won’t need at the back of the unit, keep more useful items near the doors<br />o If possible, leave an aisle down the centre or side of the unit to allow access to most items if you will not be moving the loaded unit<br /><span style="color: rgb(51, 102, 255);">• Once the unit is loaded:</span><br />o Place a good lock inside the steel lockbox on the doors<br />o Keep unit doors shut unless accessing contents<br />o Unit can be moved off-site for storage if required (extra delivery and storage fees will apply) <br /><br />Secure-Rite Mobile Storage provides a range of secure and weatherproof Mobile Storage units. Our new or used containers are available for purchase, lease or rent at competitive prices, and we can deliver anywhere...anytime. When you need to protect your valuables and household items from the risk of damage during a renovation or restoration project, mobile storage is the solution! By having storage on-site, you have all the protection you require with the advantage of instant access to anything you might need. Secure-Rite is committed to providing every one of our customers with clean, well-maintained, esthetically-pleasing storage units. Our mobile containers are a light, neutral colour that blends well into neighbourhood locations and reflects most of the heat from the Okanagan sun.<br /><br />Our rental rates are very cost-effective:<br />• 10ft storage unit $110/mth + GST + PST (one month minimum)<br />• 20ft storage unit $135/mth + GST + PST (one month minimum)<br />• Empty delivery and pickup: $90 each + GST<br />• Loaded delivery and pickup: $120 each + GST<br /><br /><br /><div></div><br /><br /><br /><br /><p> </p>Ken Kunkahttp://www.blogger.com/profile/03676208044437515813noreply@blogger.com0tag:blogger.com,1999:blog-242118841276481929.post-9273003791333651722008-07-30T20:59:00.000-07:002008-07-30T21:36:56.956-07:00Flywheel - Selecting Hardwood Flooring<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjhdxs2eyG0M8Sti9WanHd7bOz_ENE32b8H9pYIvtK_tvMJ6XIcVbpjzEiVuaLQQKlwdyMElhT2mHm_oICuVLPgJd0eWs3Suyw641JW6QoYqES7odgdDkWXUvPumIjVY6docbKeSc0bY_I/s1600-h/Koeda-HF-logo.jpg"><img style="margin: 0pt 10px 10px 0pt; float: left; cursor: pointer;" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjhdxs2eyG0M8Sti9WanHd7bOz_ENE32b8H9pYIvtK_tvMJ6XIcVbpjzEiVuaLQQKlwdyMElhT2mHm_oICuVLPgJd0eWs3Suyw641JW6QoYqES7odgdDkWXUvPumIjVY6docbKeSc0bY_I/s320/Koeda-HF-logo.jpg" alt="" id="BLOGGER_PHOTO_ID_5229023358709500578" border="0" /></a><span class="blsp-spelling-corrected" id="SPELLING_ERROR_0">Courtesy</span> from Phil <span class="blsp-spelling-error" id="SPELLING_ERROR_1">Taneda</span> of <span class="blsp-spelling-error" id="SPELLING_ERROR_2">Koeda</span> Hardwood Floors of <span class="blsp-spelling-error" id="SPELLING_ERROR_3">Kelowna<br /><br /><br /></span><br />Selecting the right hardwood floor is sometimes a battle between color and performance. Quite often we do not give enough consideration towards how you need your floor to perform for example in a powder room or laundry room tile or lino seems to make the most sense but in the open floor plan which is the majority of <span class="blsp-spelling-corrected" id="SPELLING_ERROR_4">today's</span> home design,breaking up the flow of color can be a <span class="blsp-spelling-corrected" id="SPELLING_ERROR_5">conundrum</span>.<br /><br />For the most part hardwood placed in a small powder room on the main floor seems to be the popular choice. Also another performance consideration is the family pet or young children with heavy traffic use. To counter effect the inevitable we often add distressing to the floor prior to stain and finish giving the floor character along with our wide plank and random width.<br /><br />Humidity levels also play a key factor when selecting flooring. Having a controlled humidity level is important in the Okanagan and solid hardwood should not be placed below grade and only certain species are suitable for radiant heated floors.<br /><br />Most consumers are unaware that there is a transformation in attitude taking place with the manufacturers in that green certification and registered wood <span class="blsp-spelling-corrected" id="SPELLING_ERROR_6">acquisition</span> is becoming more and more main stream. Such certifications are <span class="blsp-spelling-error" id="SPELLING_ERROR_7">FSC</span> standing for <a href="http://www.fsccanada.org/">Forest Stewardship Council</a> or certifications that require an audited chain of custody certificate. These wood products are managed with consideration to sustainability and fair trade practices. There are finishes that have been available for many decades in Europe used on toys and furniture alike that are very environmentally friendly such as our <a href="http://www.raincoastalternatives.com/hard_wax_oil.html"><span class="blsp-spelling-error" id="SPELLING_ERROR_8">Osmo</span> <span class="blsp-spelling-error" id="SPELLING_ERROR_9">hardwax</span> oil</a><a href="http://www.raincoastalternatives.com/hard_wax_oil.html">.</a> These oils are derived from a plant base and have been used in commercial applications such as airports and train terminals. The oil finishes are more flexible as opposed to a standard <span class="blsp-spelling-error" id="SPELLING_ERROR_10">al</span>/ox polyurethane finish which is hard and brittle. Oils penetrate the surface of the wood as opposed to placing a plastic film over the surface. The advantage of oil is the grain of the wood becomes more <span class="blsp-spelling-corrected" id="SPELLING_ERROR_11">prevalent</span> and a deeper more natural look is achieved. The oils are considered environmentally friendly by using a sustainable plant as a base and the<a href="http://www.en.wikipedia.org/wiki/Volatile_organic_compound"> <span class="blsp-spelling-error" id="SPELLING_ERROR_12">VOC</span> </a>content is almost 100% free. <span class="blsp-spelling-error" id="SPELLING_ERROR_13"><br /><br />VOC</span> 's are volatile organic compounds these are the <span class="blsp-spelling-error" id="SPELLING_ERROR_14">nasties</span> that off gas and are placed in a finish to make it flow onto the surface smoothly and decrease the drying time. Green products are available if we choose to use them and in searching for the products we found ourselves looking towards the European market place. Some 3 short years ago no one in North America had heard of an oiled floor. Now after attending the Surfaces Flooring Show almost all manufacturers have some form or another of these products to offer. <span class="blsp-spelling-error" id="SPELLING_ERROR_15"><br /><br />Koeda</span> Forest Products have been manufacturing custom wide plank random width hardwood floors for the past 3 years using environmentally friendly finishes right here in <span class="blsp-spelling-error" id="SPELLING_ERROR_16">Kelowna</span> and a portfolio can be viewed at <a href="http://www.koedawood.com/">www.koedawood.com</a>Ken Kunkahttp://www.blogger.com/profile/03676208044437515813noreply@blogger.com2tag:blogger.com,1999:blog-242118841276481929.post-34428842585211604042008-07-18T07:30:00.000-07:002008-07-21T15:39:21.294-07:00Ken Kunka - Interest rates – Re Laurie Baird – Mortgage Intelligence IncBank of Canada keeps overnight rate target at 3 per cent<br />OTTAWA – The Bank of Canada today announced that it is maintaining its target for the overnight rate at 3 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 3 1/4 per cent.<br />Three major developments are affecting the Canadian economy: the protracted weakness in the U.S. economy; ongoing turbulence in global financial markets; and sharp increases in many commodity prices. The first two developments are evolving roughly in line with expectations in the April Monetary Policy Report. However, commodity prices are continuing to outstrip earlier expectations. This has led to further increases in Canada's terms of trade and real national income, and has altered the outlook for global and domestic inflation.<br />Although Canadian economic growth in the first quarter was weaker than expected, final domestic demand continues to expand at a solid pace. The economy is judged to have moved into slight excess supply in the second quarter of this year; excess supply is expected to increase over the balance of the year. High terms of trade, accommodative monetary policy, and a gradual recovery in the U.S. economy are expected to generate above-potential growth starting early next year, bringing the economy back to full capacity around mid-2010. Canadian GDP is projected to grow by 1.0 per cent in 2008, 2.3 per cent in 2009, and 3.3 per cent in 2010.<br />Total CPI inflation over the next year is expected to be much higher than projected at the time of the April Report. Assuming energy prices follow current futures prices over the projection period, total CPI inflation is projected to rise temporarily above 4 per cent, peaking in the first quarter of 2009. As energy prices stabilize and with medium-term inflation expectations remaining well anchored, total inflation is then projected to converge to the core rate of inflation at the 2 per cent target in the second half of 2009. Core inflation is projected to remain well contained and broadly in line with earlier expectations, averaging close to 1.5 per cent through the third quarter of this year and then rising to 2 per cent in the second half of 2009.<br />The three major developments affecting the Canadian economy pose significant upside and downside risks to the Bank's base-case projection. Weighing the implications of these, the Bank views the risks to its base-case projection for inflation as balanced.<br />Against this backdrop, the Bank judges that the current level of the target for the overnight rate remains appropriate. The Bank will continue to monitor carefully the evolution of risks, together with economic and financial developments in the Canadian and global economies, and set monetary policy consistent with achieving the inflation target over the medium term.<br />The Bank's detailed projection for the economy and inflation, and its assessment of risks to the projection, will be published in the Monetary Policy Report Update on 17 July 2008.<br />Information note:<br />The Bank of Canada's next scheduled date for announcing the overnight rate target is 3 September 2008.<br />Laurie Baird<br />"Your Mtg Gal leading the way to a better mortgage"<br />Accredited Mortgage Professional (AMP)<br />Mortgage Intelligence Inc.<br />(250) 469-1611<br />mtggal@telus.net<br />www.okanaganmortgages.com<br />Fax (250) 712-0209Ken Kunkahttp://www.blogger.com/profile/03676208044437515813noreply@blogger.com0tag:blogger.com,1999:blog-242118841276481929.post-57031959907638791932008-07-18T07:27:00.000-07:002008-07-21T15:39:58.457-07:00Ken Kunka - Canadian Government restricts long-term mortgages.Globe and Mail Update, Reuters<br />July 9, 2008 at 4:36 PM EDT<br />OTTAWA — The federal government says it will no longer guarantee 40-year mortgages, one of a handful of measures aimed at guarding against a U.S.-style housing bubble.<br />The Finance Department said Wednesday in a news release that the government will guarantee no mortgages with durations longer than 35 years. The government also will demand a minimum down payment equal to 5 per cent of the value of the home.<br />"Today's announcement marks a responsible and measured approach by the government to ensure Canada's housing market remains strong and to reduce the risk of a U.S.-style housing bubble developing in Canada," the Finance Department said.<br />The government hastened to emphasize that Canada's housing and mortgage markets were performing much better than in the United States.<br />Canadian housing prices are in line with economic factors such as low interest rates, rising incomes and a growing population and the demand for residential housing remains buoyant at more than 200,000 housing starts a year, it said.<br />The percentage of bank mortgages in arrears is also stable at 0.27 per cent, the lowest levels experienced since 1990 and well below the highs of 0.65 per cent in 1992 and 1997.<br />"The historically prudent and cautious approach taken by Canadian financial institutions to mortgage lending, combined with a sound supervisory regime, has allowed Canada to maintain strong and secure housing and mortgage markets," it said.<br />It nonetheless noted "accelerated financial innovation" in the mortgage markets since the fall of 2006, for example, allowing loans up to 100 per cent of the value of the house and increasing amortization periods to 40 years from 25 years.<br />The government will now require a consistent credit score for mortgages it backs, and a minimum level of loan documentation standards to ensure evidence of the reasonableness of property values and the borrowers' income.<br />In addition, government guarantees will not be allowed for high-ratio mortgages where amortization is not required in the first few years – e.g., mortgages that begin with interest-only payments.<br />Finally, it will set a maximum of 45 per cent on a borrower's debt-service ratio – the proportion of gross income that is spent on debt service and housing-related fixed or essential payments.Ken Kunkahttp://www.blogger.com/profile/03676208044437515813noreply@blogger.com0