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. moc.dtnull@netnim.aliehs
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!
Saturday, September 25, 2010: 11:30-1:00, 383 Hollyburn Drive, Upper Sahali, $284,900
Saturday, September 25, 2010: 1:30-3:00, 526 Battle Street West, South Kamloops West End $449,900
Sunday, September 26, 2010: 11:30-1:00, 4900 Uplands Drive, Barnhartvale, $899,900
Sunday, September 26, 2010: 1:30-3:00: 2405 Drummond Court, Aberdeen, $374,900
