April 2012

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Logan Lake Property for sale371 Poplar Drive, $49,900: Mostly level lot sloping gently up to greenbelt at the back. One of the nicer lots in Logan Lake in an area of nice homes. Underground services at the lot line. Close to all amenities including golf, shopping, hunting, fishing & hiking. Only 30 minutes to Kamloops.

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Logan Lake Home for Sale375 Poplar Drive, $49,900: Nice lot backing onto greenbelt in an area of nice homes. Close to so many outdoor activities including hiking, golf, hunting & fishing. Shopping close by & Kamloops only 30 minutes away. Underground services at the lot line.

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Logan Lake Kamloops Homes for Sale379 Poplar Drive, $49,900: A beautiful lot with only one neighbour – greenbelt back & side! Underground services a lot line. Close to shopping & all kinds of outdoor recreation activities & just a 30 minute drive to Kamloops.

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Logan Lake Property Lot for SaleThis lot is ideally for a rancher with walk out basement. Build your dream home in this nice residential area with unlimited outdoor activities at your doorstep. Underground services at lot line. Only 30 minutes to Kamloops.

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Logan Lake Executive Development Lot KamloopsWhat a fabulous view overlooking Logan Lake from this hillside lot backing onto greenbelt. Great setting for your new home. Underground services at lot line. Just 30 minute drive to Kamloops. Buyers interest in this lot may want to consideWhat a fabulous view overlooking Logan Lake from this hillside lot backing onto greenbelt. Great setting for your new home. All lots together would create an estate lot (MLS 109131, 109132 and 109110). Ask about a package price. $19,900 is the price per lot.

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Logan Lake Property Home for SaleImmaculate 5 bedroom rancher that shows beautifully! It has 3 full baths, spacious bright kitchen, large master, open living room/dining room with rich hardwood floors, slate entry, main floor laundry, cozy family room and 2 gas fireplaces. This home is on the quiet end of the street with private parklike yard, 2 car garage, parking for extra vehicles and RV and deck with gas BBQ hookup. So much to offer!

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Barnhartvale Property for Sale KamloopsSpacious Barnhartvale home with beautiful view and located on a quiet cul-de-sac. Nice open floor plan on the main floor with large deck off of the kitchen. There are 4 bedrooms and a den with two full bathrooms and large rec room. Two car garage and private lot. There is also hardwood floors on the main floor, vaulted ceilings, huge floor to ceiling fireplace and large windows lending lots of natural light. There is some usable space in the yard for a children’s play centre or garden. Don’t pass up this great home, it has tons of potential and would make a great family home. Quick possession possible.

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South Kamloops West End Property for SaleYou must see the breathtaking panoramic view of the Thompson Rivers meeting & the peaks of Mt. Peter & Mt. Paul from this executive townhome. This home is outstanding top to bottom with exceptional finishing throughout & an open modern living concept. It offers 3 bedrooms & 2.5 bathrooms. The ensuite & main bathrooms have 8′ ceilings & tub combination units. The kitchen has top quality stainless steel appliances, which are included in the asking price. The full basement has a family room, wet bar, 2 bedrooms & a huge unfinished media room. The home also offers C/air, security system, 80 gallon hot water tank, gas BBQ plug in & roughed in hot tub on the deck. The exterior of the home is stucco & cultured stone. The landscaping has been professionally done. This home is only 2 years old so there is no HST. The monthly strata fee is $290 & includes full use of the clubhouse, exercise room & the heated pool. Once you factor in taxes & extras this home makes sense versus buying new.

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Kamloops Dallas Acreage PropertyClose to the city yet super private! Home & shop need some work but this property is one of a kind. 10+ acres of land but only 2-3 acres is flat & useable (should be verified). 3+2 bedroom home is on city water but is on septic. Has a well that feeds off an underground spring (as per sellers). Well worth the effort & the 15 minute drive.

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Vancouver, BC – April 13, 2012. The British Columbia Real Estate Association (BCREA) reports that the dollar volume of homes sold through Multiple Listing Service® (MLS®) in BC declined 26.5 per cent to $3.8 billion in March compared to the same month last year. A total of 6,882 MLS® residential unit sales were recorded over the same period, a decline of 20 per cent. The average MLS® residential price was $545,959 in March, 8.1 per cent lower than in March 2011.

MLS Home Sales March 2012The spike in consumer demand recorded a year ago was not repeated last month,” said Cameron Muir, BCREA Chief Economist. “A marked increase in high-end home sales a year ago pushed up unit sales and skewed average prices higher, so it’s no surprise to see fewer home sales and lower average prices in March of this year.”

Year-to-date, BC residential sales dollar volume declined 17 per cent to $9.2 billion, compared to the same period last year. Residential unit sales dipped 12.7 per cent to 16,724 units, while the average MLS® residential price edged back 5 per cent to $552,785 over the same period.

Waterfront Property for Sale TownhouseThis private lakefront home is only 4 hours from Vancouver and has it all! The home is in one of the best locations of the complex and has 2 bedrooms plus den (could be 3rd bedroom), 3 bathrooms and large living areas with hardwood throughout the main floor. Also featuring a lovely patio, propane gas fireplace, a 2 car carport and private steps to the waters edge. The complex offers an in ground pool, RV/boat parking area, tennis court, workshop, and amazing grass lawn with landscaping to the marina. This is truly at 4 season playground offering all summer and winter sports, mountain biking and hiking up Gibraltar Rock. The lake is amazingly warm and allows wakeboarding and waterskiing and you are only 10 minutes from Harper Mountain ski hill. No dogs allowed.

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KPMG released a useful chart showing what HST home buyers will pay if they plan to be the primary resident in a new home. Click the image below to enlarge and the PDF is included below (see link).

HST KPMG Payment New Home

BC HST Break Down

The BC Government recently released the BC First Time New Home Buyers’ Bonus program which would grant first time home buyers up to $10,000 back with the purchase of a new home. The requirements to qualify are below and to view the full PDF click the following link: 2012 First Time Home Buyers Fact Sheet.

You will qualify as a first-time new home buyer if:

– You purchase or build an eligible new home located in B.C.;
– You, or for couples, you and your spouse or common law partner, have never previously owned a primary residence;
– You file a 2011 B.C. resident personal income tax return, or if you move to B.C. after December 31, 2011, you file a 2012 B.C. resident personal income tax return (you will not be eligible for the bonus if you move to B.C. after December 31, 2012);
– You are eligible for the B.C. HST New Housing Rebate; and
– You intend to live in the home as your primary residence.

Brocklehurst Kamloops Property for SaleSpacious 4 level split cul-de-sac home with 3 bedrooms and den. There plenty of room for more bedrooms in the basement of this home. Nice flat, useable back yard that is fully fenced. There are 3 bedrooms on the top floor with one four piece bathroom and an ensuite. The kitchen, living room and dining room are all on the main floor. The kitchen overlooks the family room below on the third level. Some dated features but the location & plan make this home a worthwhile family investment. Short walk to McArthur Island, schools & the bus stop. Shopping and many amenities are minutes away.

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This article appeared in the Globe and Mail on April 12th, 2012 and was written by Steve Ladurantaye.

Canada’s finance minister sees signs of cooling in Canada’s housing market, and that’s fine by him.

Economists and market watchers have been arguing for two years about whether the Canadian housing market, which has been among the hottest in the world coming out of the recession. But spring data shows sales in most centres have slowed considerably from the same time last year, and price gains appear to be moderating.

“I’m actually encouraged that the market itself is showing some correction,” Finance Minister Jim Flaherty said while visiting Alberta Thursday. “We’re not seeing so much of that in Toronto, but in Vancouver, yes. And overall we’ve seen some moderations, some softening in the residential market and I think that is a good thing.”

There was some speculation that the federal government would step in to further cool the market with its budget, but it resisted calls to make it more difficult for Canadians to qualify for mortgages.

It wouldn’t have been the first time – Mr. Flaherty previously intervened by ending 35-year amortizations on mortgages and forcing Canadians who choose variable mortgages to qualify using a higher interest rate than they’d actually be paying.

Record low interest rates have made it less expensive for Canadians to borrow a lot of money, which has led some to worry that they won’t be able to afford their homes when interest rates move higher in response to an improving economy.

Mr. Flaherty has opted to issue warnings to Canadians rather than enact new policy, mirroring the approach taken by the Bank of Canada. In January, he said “we have been cautioning Canadians for some time that they need to be prepared to have higher interest rates in the future and be aware of the affordability issue that that may create for some Canadians, not to assume that mortgage interest rates will remain low for a long period of time. So we all have to be cautious in our financial planning.”

Canadians will have a better idea of how homes have been selling when the Canadian real estate association releases its data for March early next week.

South Kamloops Downtown Property for Sale

This great downtown property has a large 2 bedroom suite and over 3,000 sq ft of living space. It is zoned RM-2A which allows for a multi family dwelling, home based business such as daycare or office. Generates $2700/month. The main floor is spacious with 3 large bedrooms, spacious kitchen, living room and open floor plan. There is a full 4 piece bathroom and 2 piece ensuite on the main floor. Huge inlaw suite down has separate entry, 2 bedrooms, open floor plan kitchen/living room and full 4 piece bath with separate shower and Jacuzzi tub. The basement suite features large windows and high ceilings. Secure shared laundry, double detached garage with lane access and 220 wiring, private backyard and basement cellar great for canning or extra storage.

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Savona BC Waterfront Property for SaleGorgeous waterfront property on Kamloops Lake! One of the largest residential lots with over 300ft of lake frontage sitting on 0.83 acres. Septic field has been approved. 4 bedroom, 2500 sq.ft. house has also been approved. Million Dollar view property!

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The Kamloops and District Real Estate Association has released it’s latest statistics for March 2012 and the first quarter. Click on the image to enlarge.

Statistics Kamloops BC Property

Kamloops Real Estate Comparative Analysis by Property Type March 2012

Statistics Kamloops Real Estate Sales

Kamloops Real Estate Sales by Subarea March 2012

Kamloops Real Estate Statistics home for sale

Kamloops Real Estate MLS Activity March 2012

Statistics Median Home Price Kamloops

Kamloops Real Estate Sales by Subarea First Quarter 2012

Inventory Report March 2012 Kamloops Real Estate Statistics

Kamloops Townhouse For Sale 13-931 Gleneagles Dr Sahali This spacious 2 bedroom, 3 bathroom level entry Sahali townhouse is located in one of the most desirable complexes. There are no rentals allowed and pets with restrictions (1 dog/2 cats). The 2 bedrooms were originally 3 and could be easily converted back (take out hall linen closet to expose doorway). The master is very large and has a walk in closet and 2 piece ensuite. Upgrades include windows, french doors, new dishwasher, paint and roof (3 years). There is a large patio in the front great for entertaining, a huge open living room with vaulted ceilings and lots of light, a rec room with an indoor hot tub room and access to the grass from the rec room for children to play. There is a large crawl space for extra storage (access in the laundry) and is approx 221 square feet. It feels like living in a park, this unit is surrounded by beautiful trees and gardens. Strata fee is $190 per month and $10 per month for additional parking spot. All appliances and hot tub are included. Day before notice a must and quick possession possible.

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