Kamloops Real EstateThe Kamloops Real Estate Blog is updated regularly and provides a wealth of information for the real estate market in Kamloops, BC, Canada and the surrounding communities.

Kamloops and surrounding area MLS® real estate listings including foreclosures click here. Kamloops homes for sale click here.

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Information for buyers & sellers.

Kamloops real estate news click here.

Kamloops neighbourhood real estate information including Aberdeen, Batchelor, Brocklehurst, Juniper, North & South Kamloops, Paul Lake, Pinantan, Pineview, Rayleigh, Sahali, Sun Peaks, Sun Rivers, Valleyview, Westmount & Westsyde click here.

Kamloops HomeKamloops surrounding communities real estate information including Barriere, Cache Creek, East Barriere Lake, Heffley and Knouff (Sullivan Lake), Logan Lake & North Barriere Lake click here.

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In today’s challenging Real Estate market, your choice of Real Estate Professional does matter!

Buying or selling Real Estate? Realtor Kirsten Mason is one of the top selling agents in Kamloops and a dedicated full time professional.

Kirsten can guide you through the process and be counted on to help you make the best decisions. Whether you are buying, selling or wish to investigate the possibilities. She cares about your needs, and she will take the time to provide you with personal attention and 100% client satisfaction.

2405 Abbeyglen Way, Aberdeen, Kamloops Home for SaleKamloops Home For Sale: 2405 Abbeyglen Way, Dallas, B.C. $624,900. Custom home with panoramic river and valley views that has a ton of extras.

2405 Abbeyglen Aberdeen View Home Custom BuiltThis home features an oversized 2 car garage, additional workshop and additional space for an inlaw suite making the total square footage over 4,000. The main floor features a nice great room open floor plan. There is a large kitchen with stainless steel appliances and two pantries, a nice sized nook to take in the views, a large dining room and spacious living room with gas fireplace. There is also a office or bedroom off of the main entry way and a 2 piece powder room. The main floor has 9 foot ceilings and hardwood flooring throughout.

The second level features 4 good sized bedrooms including a master suite with 4 piece ensuite and walk in closet. There is a additional 4 piece guest bathroom and second level laundry room. The 4th bedroom would be perfect for a media or play room.

The bottom level features a daylight walk out basement with a large workshop under the garage with 220 power and separate entry to outside. It would be perfect for a media room as well. There is a full unfinished space that has rough ins for an additional bathroom, and kitchen for a 1 or 2 bedroom inlaw suite.

There are two patios and the yard is nicely landscaped. Hot tub does not stay. Day before notice for showings.

Click here to view more pictures of this home

Click here to view the video tour of this home

Aberdeen houses a number of retailers including the Aberdeen Mall where you will find numerous stores. There are also a number of big box stores in the Aberdeen area including Staples, Future Shop, Sport Check, Chapters, Sears, The Bay, Canadian Tire and Costco to name a few. Aberdeen is also home to many of the city’s hotels, mainly located on Rogers Way between Hugh Allan Drive and Highway 5A.

There are a few areas where professional offices are located. Mainly in the shopping district around Aberdeen Mall. There are not as many services in the Aberdeen area as the Sahali and Southgate areas.

Aberdeen Elementary School is located three blocks away from this home. Highschool students take a school bus to school which is a short 5 to 10 minute drive. Thompson Rivers University is located in Southgate. TRU is a fully accredited University and offers a variety of programs and courses to students in many different areas of study. Aberdeen often is an area popular with students attending TRU. It is close enough to the University making it easily accessible.

There are a number of parks and green spaces in Aberdeen. Elementary schools have play grounds for children to enjoy. There are also numerous hiking trails as some areas of Aberdeen back on to green belts.

Kenna Cartwright park is within a five to 10 minute drive of Aberdeen. This beautiful park has panoramic valley views and many hiking and biking trails for the whole family.

Tournament Capital Centre is located in Southgate which is only a five to 10 minute drive from any Aberdeen neighbourhood. TCC has many different facilities all in one building such as gymnastics, swimming, indoor track, fitness facility, courts and much more. There are also a number of sports fields that surround the facility.

Aberdeen is serviced by BC Transit busses on a frequent and regular schedule.

To view all homes for sale in Kamloops click here.

16-5200 Dallas Dr, Dallas, Kamloops Home for SaleKamloops Home For Sale: 16-5200 Dallas Drive, Dallas, B.C. $289,900. Newer Dallas home with 4 bedrooms, a main floor den and 3 bathrooms.

Many upgrades to this home including new flooring and fresh paint throughout. This home has an upgraded kitchen with maple kitchen cabinets, tile backsplash, walk in pantry and island. Low maintenance backyard with patio to entertain. There is an open great room floor plan. There is a 2 piece bathroom on the main floor as well.

The second level features 3 bedrooms and a deluxe 4 piece bathroom with a large soaker tub and separate shower.

The basement level features a rec room, laundry room, 4th bedroom and a 4 piece bathroom perfect for guests.

There is a single car garage and 2 spots out front of the home. Bareland strata fee of $90/month. 12 minutes to downtown, steps to shopping and golf as well as easy highway access. Easy to show. Rentals allowed with restrictions and 2 pets allowed.

Click here to view more pictures of this home.

Shopping is steps from your home. This home is located above Dallas Town Centre which has  basic shopping needs. Valleyview area also allows residents to shop for all they would need. Since Dallas is only a short drive to Kamloops residents are also able to access larger shops and stores. Many big box retailers are a 15 to 20 minute drive from this home.

There is public transportation located steps from this home. Schools are located a short five minute drive for elementary students. Highschool students attend Valleyview Secondary which is approximately a 12 minute drive from Dallas.

The BC Wildlife Park is a short drive, great for hours of entertainment on a weekend for the whole family. The park is located less than a five minute drive from this home and is a great asset to the community.

Access to the river and waterfront is a short drive away. This makes it easy to launch your boat and take a quick trip up the river to the beautiful Shuswap Lake.

To view all homes for sale in Kamloops click here.

CMHC Chief Says Housing Agency Considering Passing on Mortgage Risk to Banks, Financial Post. This article appeared in the Financial Post on September 19th, 2014 and was written by Garry Marr.

CMHC Pass On Mortgage RiskThe Canada Mortgage and Housing Corp. is looking at changes to mortgage default insurance that would include sharing risk with banks, the Crown corporation’s chief executive told a Montreal audience Friday.

“In our role as an adviser to government, we are evaluating a range of ideas on future improvements to our housing finance system, including risk-sharing with lenders to further confront moral hazard, future sandbox changes if housing markets are to become less stable, and increased capital requirements,” Evan Siddall told the Saint James Club, according to notes posted on CMHC’s website.

The Financial Post reported this month CMHC was looking at a new formula to push some of its losses on to financial institutions, essentially forcing them to pay a deductible on mortgages insured with the Crown corporation before claims are paid.

Sources have said the Office of the Superintendent of Financial Institutions has been involved in discussions with CMHC, which it oversees, while the Canadian Bankers Association is said to be against the measure. The CBA said it has had a variety of discussions with CMHC about mortgage and housing issues.

Mr. Siddall said in his speech that while Canada weathered the 2008 financial crisis it needed to think about “the next economic storm” to ensure the housing finance system can adapt to it.

“We are re-examining our role in the Canadian housing and financial markets and looking to be part of an even more resilient system,” he said. “As much as we never want to use taxpayer money to bail out banks, governments consistently want to help homeowners in the event of a generalized housing crisis.”

Since his appointment, CMHC has raised fees for mortgage insurance to boost capital requirements while reducing some housing that it covers, including second homes. It has also tightened the rules for insuring self-employed Canadians.

“As a government entity, we need to have a different approach to risk management. Implicitly, we are in the bail-out avoidance business. Lenders pay us a premium to back them up if things go wrong,” said Mr. Siddall. “So we have an explicit responsibility to manage tail risk and survive, since insolvency is a less obvious option for us.”

He noted the government has been compensated for its risk to the tune of $18-billion in profits from CMHC over the last decade.

As a government entity, we need to have a different approach to risk management

CMHC is backing about $550-billion in mortgages while another $160-billion in mortgages, covered by private insurers, is ultimately also backed by Ottawa. The federal government backs 90% of mortgage loan insurance issued by private entities Genworth Canada and Canada Guaranty.

“Earlier this year, we measured our mortgage loan insurance programs against the yard stick of attending to Canadians’ housing needs – as opposed to wants, desires well-served by the private sector,” said Mr. Siddall. “As a result of these and other changes, our insurance-in-force has begun to decline.”

The chief executive also addressed the issue of a possible bubble in the housing sector.

“As a risk manager, let me tell you why we aren’t overly worried about a housing bubble at this point in time, based on what we know,” he said. “Our educated opinion is that growth in house prices in Canada will moderate. If we are wrong, and price growth remains strong or accelerates, we may need to look to macro-prudential counter-weights to avoid excesses. As I said, we are currently evaluating them.”

Related

CMHC could force banks to pay deductibles on mortgage insurance
CMHC sees amount of mortgages it insures shrinking this year amid tighter housing market rules
CMHC cutting back on what it covers with mortgage default insurance

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