The question on many people’s minds right now is, “Is this the right time to buy a home in Kamloops”. This is a question that is very individual to each person. There is no way to predict the Kamloops housing market and thus makes this a very difficult question to answer. It is like trying to predict the stock market so you buy low and sell high. History shows that the average person is not very good at this.
There is something out there that can help you with your decision making process and that is interest rate.
When using interest rates to guide us, we know that they are at an all time low right now, resulting in significant savings. For purchasers waiting to see if prices are going to drop more before they buy, think about this: a 1% increase in the interest rate will cost you approximately an extra $10,500 over 5 years (based on a $300,000 at the current 5 year rate and a 35 year mortgage). The question becomes do you want to risk paying $10,000 in hopes that the housing prices decrease enough to make that back in your purchase price?
With housing prices stabilizing and the rates hitting rock bottom, this makes for a very affordable borrowing and for some buyers a great time to buy.
Sheila Minten, Mobile Mortgage Specialist, TD Canada Trust P. 250-852-0420 E. firstname.lastname@example.org
Bright & tidy home in the popular Oakdale mobile home park. There are three bedrooms with a large rec room and a four piece bathroom with a jacuzzi tub. Recent updates include fresh paint, some flooring, roof, windows, interior & exterior doors, HW tank, new fridge & stove and furnace motor. There is a large covered deck & private yard. Lots of parking & large storage shed for all your toys or added storage. Spacious kitchen with large pantry. Pets allowed with restrictions & no rentals. Located in the family section of the park. Lots of parking & room for an RV.
This is a bright and spacious detached home in The Views at Saddleback. There are two bedrooms, but could easily be a three bedroom home. There are two full baths and the master bedroom has a cheater ensuite. This home is outfitted with stylish tile and hardwood floors, vaulted living room ceiling with mountain views. Large concrete patio off of kitchen. Heat pump. All appliances included. Single car garage. Partially finished basement could have a rec room & bedroom. Open floor plan. Nearly new & no HST. Low bareland strata of $50/month. Pets allowed & rentals with restrictions. Don’t miss out on this great home!
Bright and cheery Upper Sahali half duplex in nice area. Very close to Albert McGowan Park, transit, schools & shopping. Numerous updates include windows, furnace, A/C unit, paint, main bath, kitchen. Three bedrooms on the main with two bedrooms down. more
Saturday, September 25, 2010: 1:30-3:00, 526 Battle Street West, South Kamloops West End $449,900
Centrally located in the South Kamloops West End, has a 2 bedroom inlaw suite & is close to shopping, transportation & TRU. Everything in this home has been updated, new roof, heat pump, furnace, hot water tank, paint inside & out, all flooring, kitchen appliances..more
Sunday, September 26, 2010: 11:30-1:00, 4900 Uplands Drive, Barnhartvale, $899,900
Sprawling 5,700 square foot bungalow located on 17.82 acres with amazing river and valley views. Grand, open main foyer with vaulted ceilings and skylights. 3,700 square feet on the main floor and a fully finished daylight walk-out basement. more
Sunday, September 26, 2010: 1:30-3:00: 2405 Drummond Court, Aberdeen, $374,900
Bright & inviting two-storey home backing onto parkland with a beautiful view. Recent updates include flooring, heat pump, kitchen counters, paint & more. Bright open kitchen with large patio doors leading to a fenced backyard. Storage pantry & laundry off of the kitchen. more
Sprawling 5,700 square foot bungalow located on 17.82 acres with amazing river and valley views. Grand, open main foyer with vaulted ceilings and skylights. 3,700 square feet on the main floor and a fully finished daylight walk-out basement. Extensive use of windows that all feature the beautiful view. Large gourmet kitchen with many cabinets, storage and pantries that is open to the family room. Main floor laundry. 2 gas fireplaces and numerous built in cabinets in family room and den. Huge stamped concrete and paving stone patio that takes advantage of the privacy and 180 degree view. Wet bar in foyer for entertaining on the sprawling patio. There is a large pond with coy fish and water feature. Extensive landscaping with rock and low maintenance gardens. Gazebo & hot tub. The spacious dining room & living room feature pillars and large fireplace. Double French doors lead to the built-in library or office/den. Large master suite with doors to patio & huge 6 piece ensuite with jetted tub. Large rec room and games room with wet bar. Three bathrooms on the main floor and one down. Triple garage, central air, central vac, all appliances, security & in-ground sprinklers.
Open houses will be on Saturday, September 18 and Sunday, September 19, 2010. They will be held in Batchelor Heights, Brocklehurst and South Kamloops.
Saturday, September 18, 2010: 12:30-1:30, B23-220 G&M Road, South Kamloops, $147,900
This 2 year old mobile home has over 900 square feet of living space with 2 bedrooms & 1 large bathroom. There is an open floor plan from the kitchen to the living room w/ vaulted ceilings & a bay window. Outside there is RV parking, large sundeck, fully fenced yard more.
Saturday, September 18, 2010: 2:00-3:30, 1547 Hillcrest Avenue, Batchelor Heights, $339,900
This solid Batchelor Heights home has a beautiful sprawling view of the city and river valley below. There are 3 bedrooms (currently set up as 2) and 3 bathrooms including a master bedroom en-suite. This home has a large in-ground pool in the private back yard that..more.
Sunday, September 19, 2010: 12:00-2:00: 2620 Briarwood Avenue, Brocklehurst: $449,900
Beautiful custom four level split home in West Briar Estates. There are 4 lg bedrooms and 3 full baths. The main great room area has high 16 ft vaulted ceilings & numerous windows. There is a beautiful mountain view from the kitchen, dining room, great room & patio. more
This brand new view home is located in Aberdeen’s newest subdivision Aberdeen Highlands. It is located right beside a golf course and elementary school. The main floor has open plan living including large living and dining areas with vaulted ceilings, gourmet kitchen, hardwood and tile flooring though out, large master bedroom with spa-like ensuite including separate shower and soaker tub. Hi-efficiency furnace, fully landscaped with underground sprinklers and 9′ ceilings on both floors. Deck in the front to enjoy the spectacular river, valley and mountain views. There are 3 bedrooms on the main floor, a den off of the main entrance with laundry room. The basement is unfinished and is roughed in for a one or two bedroom inlaw suite.
There are many stratas in Kamloops that cater to adults. The adult oriented complexes included below don’t necessarily have specific age restrictions but are geared towards adult living. I have compiled a list of stratas on the South Shore that are Adult Oriented. To view the 55+ Seniors complexes click here. The stratas discussed only include those that are available for sale, no co-ops or government facilities are included in this list. The areas included are Aberdeen, Dallas, Dufferin, Pineview, Sahali, South Kamloops including Downtown and Valleyview.
Aberdeen Estates @ 1055 Aberdeen Drive. This luxury award winning townhouse development has large open units, high end finishings and 2 car garages. Located on the corner of Aberdeen Drive and Pacific Way, Aberdeen Estates is steps to transportation and close to many amenities. Pets are allowed.
Braeview Place @ 1950 Braeview Place. This adult oriented development contains townhouse units with multiple levels. Units are commonly 3 bedrooms with 3 bathrooms and have two car garages. Pets and rentals are allowed. This complex is within walking distance of shopping, restaurants and transportation.
Dunraven @ 2030 Van Horne Drive. This adult oriented gated development has detached homes on small, low maintenance lots. Many homes are two levels and often basement entry or bungalow style. This popular strata is minutes from all amenities.
Fairway Gardens @ 2290 Garymede Drive. This townhouse strata is designated a 19+ strata. The units are bungalow style homes. Each home has a 2 car garage, deck and private yard. Pets are allowed with restrictions. This complex is close to the Aberdeen Golf Links and Aberdeen amenities.
Highland Gate @ 2365 Abbeyglen Way. This adult oriented townhouse development consists of executive style town homes with 3 levels of living space. All units have 2 car garages and 3 or more bedrooms. These townhouses are a two-storey design with bedrooms above the main floor living. Pets are allowed.
Ravenwood @ 2022 Pacific Way. This adult oriented townhouse development has two car garages, and living space on two floors. Most units are bungalow style with a full basement. Pets and rentals are allowed.
Van Horne Terrace @ 2020 Van Horne Drive. This adult only gated development has detached homes on small, low maintenance lots. There are both bungalows and basement entry style homes with two car garages.
Sierra Vista Estates @ 2080 Pacific Way. This adult oriented bare land strata development is located close to transportation and shopping. Each unit in this strata is detached home typically with a two car garage and small yard space.
Click here to search for available properties in Aberdeen.
Gateway Estates @ 7545 Dallas Drive. This modular or mobile home development has an adult only area. Each home has it’s own great features and range in size from a single to a double wide.
Brigadoon: 1750 Pacific Way. This gated adult oriented community is steps from restaurants and shopping. Units typically have two bedrooms on the main floor and are bungalow style homes. Each unit has a two car enclosed garage. Pets are allowed in this complex.
Hillside Lofts @ 1390 Hillside Drive. These executive style condominium units are equipped with underground parking, granite counter tops, open concept living and admittance intercom. Centrally located and seconds from shopping and transportation. Rentals are allowed.
Juniper Court @ 2526 Nechako Drive. This adult oriented complex is located in the beautiful area known as Juniper Heights or Juniper Ridge. These units have valley and river views. Pets are allowed in this complex.
1951 Lodgepole Drive. This is an adult oriented bare land strata with detached homes. Each home has a small private yard, single car garage and extra parking. Most homes are 2 bedrooms without basements.
Click here to search for available properties in Dallas, Dufferin, Juniper Heights or Pineview.
Bonavista Estates @ 1580 Springhill Drive. This adult oriented development has bungalow style homes with two car garages and over 1,000 square feet of living space on the main floor. One pet allowed and no rentals.
Crestview Heights @ 1575 Springhill Drive. This is an adult oriented bare land strata development. Units have two car garages, are detached units and have full basements. Small pets are allowed.
Loma Bella & Terra Vista @ 875 Sahali Terrace. This adult oriented development has high end, executive townhouses ranging in size from two to three bedrooms. Rentals and pets are allowed.
Pine Ridge Estates @ 1795 Summit Drive. This is a 16+ adult oriented townhouse development. Homes have a single car garage, private patios over 2,000 square feet of living space. These homes are multi-level, two storey homes. Pets are allowed.
Sahali Estates @ 137 McGill Road. This adult oriented strata development had units ranging in size from two to three bedrooms. Some of the units in this building have amazing river and valley views. There is a tennis court, RV parking, community garden and pets are allowed.
Wedgewoods @ 1555 Summit Drive. Adult 12+ complex. Each unit is a two storey design with a basement and covered parking for one vehicle. Wedgewoods is minutes from all amenities. Pets allowed and no rentals.
Click here to search for properties available in Sahali.
Arbutus Estates @ 15 & 45 Hudsons Bay Trail. This gated adult oriented development consists of executive townhouses ranging in size from 2 to 4 bedrooms with beautiful views. There is an outdoor pool, exercise centre, clubhouse and recreation facility. Homes have 2 or 3 car garages. Pets are allowed.
The Dorchester @ 370 Battle Street. Luxury living in the Downtown core. Geothermal heating and cooling, Heated tile, granite counter tops and 9 foot ceilings. Secure underground parking with extra parking.
Elm Tree Place @ 423 1st Avenue. This is an adult oriented 12 unit townhouse development. Lots of privacy in a great location within walking distance of the downtown amenities, transportation, shopping and many professional offices.
Executive Manor @ 1089 McMurdo Drive. This is a 16+ complex located close to the Sagebrush Theatre in South Kamloops. Units have in-suite laundry and open parking. There are no pets or rentals allowed.
Monarch Place @ 683Victoria Street. This adult oriented building has an elevator, secure parking, storage locker and an admittance intercom. The units range in size from one to two bedrooms and have in suite laundry.
Nicola Towers @ 525 Nicola Street. This is an adult oriented building located close to many amenities. There is secure underground parking, an elevator and admittance intercom. This is a concrete building. Rentals are allowed.
Park Place @ 900, 950 & 970 Lorne Street. Adult oriented building with indoor pool, hot tub and exercise room. There are both condominium units ranging in size and multi-level town houses with two car garages. There is secure underground parking.
Plaza Suites @ 490 Lorne Street. These units are adult oriented condos. There is an admittance intercom, underground secure parking and an elevator. Located close to Riverside Park and downtown amenities.
Plaza Suites @ the Station @ 510 Lorne Street. This adult oriented condominium development is located close to riverside park, shopping and restaurants. There is secure parking, storage lockers and an elevator. Many units have beautiful river views.
Victoria Landing @ 619 Victoria Street. This adult oriented building is a concrete condominium with units ranging in size from one bedroom to a much larger two bedroom unit. There is secure underground parking, elevator and admittance intercom.
Wellington Place @ 1085 12th Avenue. This is an adult oriented building with an indoor pool, sauna, games room and elevator. Many condos have in-suite laundry and underground secure parking.
Click here to search for properties available in South Kamloops and Downtown.
Meadowlark Terrace @ 1651 Valleyview Drive. This is an adult oriented bare land strata development. There is an indoor pool, meeting room and RV parking. Each home in this development is detached and is on a low maintenance lot.
If you are looking for stratas that cater to 55+ adults click here.
To view all properties available for sale in Kamloops click here.