Lynn Valley Day 2013 was a blast!

– photo courtesy Sonia McDiarmid

Well, we had a great time at Lynn Valley Day, and we hope you did, too! To judge by the smiles in the crowd and the happy participants in the LVL games and races, Lynn Valleyites know better than to let a little rain dampen their spirits.

From the Friday night gala, to the pancake breakfast, parade, displays, crafts, races, carnival rides, concerts and more, Lynn Valley Days 2013 was a wonderful celebration of community. Thank you so much to the host organizations (Lynn Valley Lions and the Lynn Valley Community Association), the extra volunteers who stepped up, the incredible merchant sponsors who make the event possible, and everyone else who went the extra mile to make this day something to be proud of.

Take a minute to check out our online photo album, and submit some of your own shots to us if you have a favourite you’d like to share!

Town centre feedback invited at June open houses

As promised, North Vancouver District has expanded the time frame for public consultation on the issue of how the municipality’s Official Community Plan will be implemented in Lynn Valley town centre.

We hope that people will share their views and bring their ideas to the table. You can visit the North Vancouver District booth at Lynn Valley Day, and attend one of the four open house events that are taking place in our neighbourhood from between June 1 and 12. Online feedback will also be collected. All details for engaging in the process are here.

Once options are explored over the spring and summer months, the vision will be narrowed down in the fall to preferred option(s) that will be put before NVD council for their consideration.

We’ve already reported on Mark Sager’s invitation to give your thoughts about the Bosa redevelopment of the mall area, and this will be ongoing up to and including Lynn Valley Day. Read this post for information about Mark’s storefront in the mall.

There have never been so many opportunities to share your thoughts, Lynn Valley, so we encourage you to get out there and have your opinions registered!

 Here’s some information from the NVD Identity website:

Celebrate the Long Weekend with great dance band!

Lynn Valleyites are invited to get their groove on  – the Lynn Valley Legion is bringing back a great crowd-pleaser on Saturday, May 18!

Says organizer Brenda Williams: “Once again we have convinced one of Vancouver’s best R ‘n B, blues,  and funky dance bands to come to the North Shore for a night of super fun, dancing and socializing! This event always sells out, but we’d like the neighbourhood to know that there is some fine entertainment in the Valley!”

 Doors open at 7 p.m., and the band starts at 8 and goes until about midnight. Tickets are $20 and available at the Legion during business hours (they are open 7 days a week). Ticket info is at 604-987-2050.

Project Sunflower Diary #1: Lynn O’Malley sows her seeds

From the garden of Lynn O’Malley, voice of the valley:

For the past two months, the LynnValleyLife team has been planning and promoting its scheme to blanket Lynn Valley in summertime sunflowers. We’ve talked sunflowers, mailed sunflowers, photo’d sunflowers and dreamt sunflowers. It occurred to me that amidst all the fuss, I might forget to actually plant the darn things!

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LVL Network members get first peek and VIP pricing at Seylynn Village

We like to offer special treats to our LynnValleyLife Network members whenever we can. So we’re delighted to announce a special, LynnValleyLife-only reception at which our members will be amongst the very first to experience a brand-new neighbourhood just down the hill – before it’s even built! Having the chance to visit the new Seylynn Village development before the general public brings some other bonuses as well – from preferred pricing to the widest selection of suites.

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Lynn Valley Day 2013 will hit new heights (literally!)

There’s always something new to look forward to at Lynn Valley Days, and 2013 will be no exception!

For starters, we want to give a big community thank-you to William F. White International, which is sponsoring all of Lynn Valley Days’ cable and power needs. (And thank you to Lynn Valley’s Garin Josey, the William F. White VP who is making this happen for us!) Amongst other things, what this will mean is no more distressing generator failures, and a much better-balanced sound system at the sold-out Gala Dinner Dance. And if the weather cooperates, it will also mean some amazing light-up-the-sky special effects on Friday night!

People, businesses make it happen

It’s thanks to business sponsorships of all shapes and sizes that Lynn Valley Day has become the great event that it has. Please have a look at some of the other sponsors who stepped forward to support the community festival this year (list is not complete, we know more names are yet to be added!). But it’s not just businesses that make it happen – Lynn Valley Day is the result of months of hard work by host organizations Lynn Valley Lions and Lynn Valley Community Association, and many individual volunteers.

Shirin Ismail of the LVCA is once again coordinating volunteers, and would love people to step forward to offer just a couple of hours here or there. Whether you lean towards traffic control during parade time, staffing a ride on the midway or site clean-up, there is definitely a place for you to earn your karma points. The times and tasks, along with Shirin’s contact info, are listed here.

New ride promises good view

We’re definitely looking forward to watching people’s faces as they take in the new Euro-Bungee ride. Thrill-seekers will be strapped into this new attraction, then bounce on a trampoline that will shoot them 40 feet into the air – so hang onto your dentures!

People looking for more old-fashioned fun will once again be glad of the free games and races that the LynnValleyLife team will be organizing in its corner of the field. Egg-and-spoon, gunny sacks, three-legged races, ballon toss, the ever popular Hyak Rafting Super Soaker…. what more could you want for some good old family fun? (Well, if there IS something more, please tell us – it’s not too late to incorporate some other favourite races! Just email [email protected].)

Also new in our neck of the woods will be the chance to have your photo taken with our custom-painted Project Sunflower photo board (thank you, Julie Jay!) If you haven’t already picked up your free packet of seeds for Project Sunflower, please stop by and do so – we’re hoping to see hundreds of sunflowers blooming in the valley this summer!

Rain or shine, there will be something old and something new, something borrowed and …. oh, right, that’s weddings. But it holds true for Lynn Valley Days as well, and we know you’re not going to want to miss the Lions Cook Shack 7:30am Pancake Breakfast, the 10 a.m. parade, and all-day fun at the park. Keep our special Lynn Valley Days section handy so you’ll have access to all the entertainment schedules and other details as they are finalized!

 

Seylynn Village investment has potential for great return

This perspective on real estate investment is provided to readers by Mortgage Dave, a longtime Lynn Valley mortgage expert.

Given the North Shore’s high prices, current investors sometimes wonder if buying in North or West Vancouver can possibly provide a decent return. In fact, a well-thought-out real estate purchase can provide not only a decent return, but also one that’s far more lucrative than many current stock and mutual fund portfolios.

I decided to take a closer look at the new Seylynn Village development being offered by Denna Homes in the Lower Lynn District.  The Beacon building will comprise the first stage of new development in an area that is ripe for change. Being situated close to transportation, recreation, the downtown bridge, and Capilano University, it promises to be attractive to renters in an area that is already one of Greater Vancouver’s strongest rental markets (North Vancouver has a current vacancy rate of 0.9%).

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Local landscaper gives top tips for lush lawns and great gardens

 

These spring landscape tips are provided by Lynn Valley local, Matt Boyd of Endless Summer Landscaping.

Are you looking forward to a beautiful, lush, green lawn this year, surrounded by attractive gardens and dotted with healthy trees? These top five spring landscaping tasks will ensure your lawn looks great. Review the list and hire a professional landscaper to get a jump on the season of outdoor living.

Spring Landscaping Task # 1 — Aerate the Lawn

This process involves special equipment that actually punches holes in your turf, creating air pockets to improve the health of soil and roots. Aeration is best done when the yard has dried out, and hiring a professional to do the job is a wise idea. DIY aerating machinery is expensive and difficult to handle – the pros can whip through this job in a few hours and give your lawn the leg up it needs.

Spring Landscaping Task # 2— Clean Out the Gardens

Many gardeners leave their plants in the fall, providing seed heads for winter birds and creating an attractive picture throughout the cold season. But when the weather turns in spring, your garden needs to be cleaned out and cleared up. Cut down the dead foliage and stalks from last season, composting all but the diseased plant material. Destroy any bugs, larvae and other pests you find and avoid turning the soil too much — that amount of disturbance can kill off nutrients in the upper layers of soil.

Spring Landscaping Task # 3— Prune Your Shrubs

Many shrubs and bushes can be pruned or trimmed in the spring to create an orderly, attractive landscape. Juniper, euonymus, forsythia and plenty of other shrubs need to be trimmed for good health and to avoid massive overgrowth. Use sharp pruning shears that have been well cleaned and be careful when handling tall shrubs.

Spring Landscaping Task # 4— Fertilize the Grass and Gardens

The first thing that people often think about in the spring is feeding their grass to get it growing healthy and green. But you should spend some time thinking about the ideal type of fertilizer for your property. Are chemical products the way to go, or can your grass thrive on compost or other natural fertilizers?

Spring Landscaping Task # 5— Plan for This Year’s Projects

Maybe this is the year you’ll have the deck or patio installed. Or perhaps it’s time for a fence or a fence replacement. Whether you’re considering a pool, hot tub, flagstone patio or storage shed, it’s best to start planning early. Contractor schedules get filled up quickly; the longer you wait to get moving on the project, the longer you’ll have to wait for installation. Contact a few local contractors and find out the scope and budget of your outdoor project.

Fixed vs. variable rates: how to choose

 This advice is provided  to LynnValleyLife readers courtesy of Mortgage Dave, a local mortgage expert and busy volunteer in our community.

One of the most important decisions when choosing a mortgage is whether to lock in a fixed interest rate or select a variable (floating) rate.  With interest rates at historical lows, making the wrong decision could cost you thousands.  Let’s look at the difference between the two types of rates, and how this choice might affect you.

Fixed Rate

With a fixed rate mortgage you “lock in” a predetermined interest rate for a set period of time (i.e., term).  The most popular term these days is five years.

A fixed mortgage rate can give you a bit more comfort and security knowing exactly what your payments will be each month for the duration of your term.  This makes financial planning and budgeting relatively easy.

The downside of a fixed rate is that if interest rates remain stable or fall during the term you will end up with higher payments than you’d experience with a variable rate mortgage.

Another consideration is that if you need to get out of a fixed rate mortgage before the term is up, you may have to pay a higher penalty.  The penalty is typically the greater of either 1) three months’ interest, or 2) the interest rate differential (the difference between your fixed rate and the current market rate multiplied by the outstanding principal further multiplied by the remaining years of the term).  Different banks calculate these penalties differently, so I would work with you to ensure the bank you choose matches your needs.

Variable Rate

The payments on a variable rate mortgage fluctuate, based on the prime rate throughout the term that you have the mortgage.

Lenders offer the variable rate as a discount off the prime rate.  Today the prime rate is at 3% and discounts on variables are around 0.40%, so a homeowner choosing this option will pay about 2.6%.  However, your mortgage rate, and therefore your payments, will increase and decrease along with the prime rate.  A great feature of a variable rate mortgage is that you can pay it off early with only a three-month interest penalty.  The lenders cannot charge the dreaded interest rate differential on variable rate mortgages.

Since the prime rate can increase or decrease on a monthly basis, variable rates are not for the faint of heart.  Anyone taking on a variable mortgage needs to be able to handle changes to their monthly payments not only financially, but psychologically as well.  If the thought of paying an extra $200 per month in mortgage payments causes you to lose sleep, a variable rate may not be for you.  I would work with you to manage this risk.

Then And Now

In the past there has been a huge discrepancy between fixed and variable rates.  Five years ago fixed rates were around 4.8% and prime was around 4%.  We had large discounts off prime of around 0.9% so you could get 3.1% variable vs. 4.8% fixed.  Going with a variable rate was an easy choice for most people, especially if they thought that interest rates were moving downward in the coming years.

Today the best five-year fixed rate is around 2.89% and variables are around 2.6%, so the gap has reduced significantly.  Prime has been around 3% for over 2 ½ years and most experts believe it will remain steady for some time, but that it will go up eventually.

Which Is Best For You?

If you are planning on moving in less than five years, a variable may be the best way to go.  If you are staying put I would definitely look at a five-year fixed or even a 10-year fixed at a slightly higher rate.  On 10-year terms the penalty to pay out after the fifth anniversary is only three months interest, so you get the best of both worlds — stability over a decade and the ability to renegotiate or payout in the last five years for a relatively low penalty.

Everyone’s situation is unique to them, and Mortgage Dave is here to provide a mortgage solution that is customized to meet your specific needs.

As always, I would be happy to review your personal situation and make my recommendations for you.  Feel free to call me at 604-315-DAVE (3283) or email me at [email protected].