May 2012

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Vancouver, BC – May 31, 2012. The BCREA Commercial Leading Indicator (CLI) rose for the third consecutive quarter, advancing 1.3 index points, or 1.2 per cent, to a revised index level of 111.91. On a quarter-over-quarter basis, the CLI is now 3.2 per cent above its level in the first quarter 2011.

Commercial Real Estate BC

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“The trend in the CLI has turned sharply upward, reflecting several months of strong underlying data,” said Brendon Ogmundson, BCREA Economist.  “This signals a potential acceleration commercial real estate activity in the subsequent two to four quarters.”

This quarter’s increase in the CLI was driven by calmer global financial conditions to start 2012 as Euro-based fears cooled. The financial component of the CLI accounted for over one-third of CLI’s gain in the first quarter, with manufacturing output and employment growth also making a significant contribution.

“However, given the re-emergence of fears surrounding the Eurozone, last quarter’s gains may be only temporary,” added Ogmundson.

Westsyde property for Sale KamloopsRT-2 zoned duplex lot. Cute 2 bedroom fixer upper in Westsyde on a quiet street. The home is situated on a lot over 10,600 sq.ft. This location offers a quiet & private setting in a cul-de-sac & has lots of extra parking. All appliances are included. Bring offers!

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Brocklehurst Kamloops Townhouse for SaleSpacious Brock townhouse with 4 bedrooms and 2 bathrooms, 2 car tandem carport and private yard. The 4th bedroom makes a great rec room! Many updates include furnace, hw tank, central a/c, appliances, front door, deck stairs and bathroom. There is laminate throughout and neutral colors. Located steps from transportation, schools and shopping.

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Kamloops Business OpportunityBusy formal clothing store that has a large inventory of many different brands. Tons of business potential for the right person or perfect second location for an established business in another city. 2500 sq ft of prime retail location in the heart of shopping on a busy corner. Lots of window display on two sides, nice and bright. Large fitting rooms and mirrored staging area. Sewing room in back.

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2900 Cheakamus Place Juniper Heights Real EstateImmaculate 2 year old Juniper Heights Benchlands executive bungalow with over 4,300 square feet of living space. Bright open design featuring a large gourmet kitchen with stainless steel appliances, granite counter tops and custom finishing. Large great room design with huge windows featuring beautiful valley and lake views. Large stamped concrete patio off the kitchen & master bedroom. There is a one bedroom & den on the main floor (den could be converted to a bedroom) and three bedrooms down. This home features extra high ceilings on both floors. This home is all wired for sound with compatible with your MP3 players (plug and play). There is also a built in vacuum. Master ensuite is spacious and has a large shower & recessed jetted tub with lights. Walk out basement is very bright, huge rec room, large theater room & spacious unfinished soundproof space under the garage (350 sq.ft.). There is also 450 square feet of unfinished space above garage ready for your ideas. Extra large garage to accommodate toys. Recently landscaped, low maintenance yard with rock and drought resistant plans. Large exposed aggregate driveway poured to finish off the curb appeal of this beautiful home.

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South Kamloops West End Property for SaleGreat family home in a quiet west end neighbourhood. Very bright and inviting with 3 bedrooms and 2 bathrooms, huge family room and living room. This home has been kept immaculate and is very well maintained. There are in ground sprinklers, a detached shop that is wired and a single car carport. Large private yard with flower beds and room for your veggie garden. Lots of parking and room for an RV or your toys. Day before notice appreciated.

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North Kamloops Property for Sale In Ground PoolGreat family home with 16×32 inground pool in quiet area. Level entry with 5 bedrooms & 2 bathrooms, 2 fireplaces (gas & wood) inground sprinklers, single car carport, separate basement entry with suite potential & huge patio off of the dining room. The backyard is set up perfect for entertaining with concrete patios around the pool & tons of privacy. Located minutes from the Rivers Trail, waterfront, shopping, schools & transportation. Don’t miss out on this great home. Quick possession possible.

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Logan Lake Property for SaleTwo storey home on a huge flat lot in a quiet cul-de-sac. This 2 storey home features 4 bedrooms on the 2nd level with 4 piece bathroom & 2 piece ensuite. The main floor features a large kitchen with adjoining family room, living room & formal dining room. The kitchen & family room lead to the back patio & yard. There is a 3 piece bathroom on the main floor. The basement features a huge area that is partially finished & is perfect for a children’s play room. There is a 2 car garage & room for an RV or boat. The yard is partially fenced. Min 24 hours notice for showings.

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Westsyde New Construction DevelopmentBrand new rancher with a superb river and mountain view! The perfect family home featuring maple kitchen with island, tiled backsplash and Samsung appliances, 5 bedrooms, 3 full baths, family room and rec room. Stunning open plan offers 9’ ceilings, beautiful large windows and lots of quality hardwood and tile flooring, with stone accents and inviting front veranda for excellent curb appeal!  The fully finished daylight walkout basement has rough in for a self contained suite, still leaving half the basement for upstairs use. This home also features central a/c, R/I security and R/I central vac and what value!! HST applies.

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Savona Property for SaleCustom home in Savona with beautiful Kamloops Lake views. Located only 25 minutes from Kamloops. Many features of this home include open floor plan, main floor laundry, solar panel for heating, energy efficient in-floor radiant heating system, styrofoam/concrete construction for extra energy efficiency, 200 amp service, low maintenance fully landscaped and fenced yard with in ground sprinklers, single car garage with possibility of a 2nd garage, RV parking, extra storage shed, 3 camera security system, built in vac, heat pump (a/c) and workshop. There are 3 full bedrooms with the possibility for an additional office/den, tons of storage and a very functional floor plan. The master bedroom features a full ensuite with jetted tub and there are 2 additional bathrooms. This home is overbuilt and a lot of attention and care was put in to every corner. There are 2 covered decks with panoramic views of Kamloops lake. The waterfront is minutes from this home.

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This article appeared in the Kamloops Daily News on May 15th, 2012 and was written by Cam Fortems.

A revised plan for Tranquille on the Lake will go to public hearing following initial approval from Kamloops council Tuesday.

One of the key proposed changes at Tranquille is deletion of a proposed golf course.

Detailed changes to the concept require an amendment to the city’s official community plan.

The proposed residential subdivision will be zoned for 1,000 to 2000 units of housing. Seventy-six per cent will be green or open space and it will feature a city park and boat launch.

Developers are promoting farming on traditional lands that will co-exist with housing. The proposed subdivision at the east end of Kamloops Lake — a former tuberculosis sanitarium and home for people with developmental disabilities — will have its own water and sewer services.

It will feature an overall theme of sustainability.

“When Tranquille, back in the ‘60s and ‘70s, was in its heyday, it was a sustainable community,” said City community development manager Randy Lambright, noting it was home to a farm, slaughterhouse and had its own water and sewer system.

“They’re attempting to go back to those roots.”

Promoters are opening a farmers’ market at Tranquille this month.

No date is set for the public hearing on the proposed amendment to the official community plan.

“Over time we may have to think of things like adding transit,” Lambright said in response to a question by Coun. Arjun Singh, who expressed concern about single-occupant car trips.

More than 150 people attended recent open house meeting by proponents B.C. Wilderness Tours.

Developers are seeking changes to permit development but have no near-term plans for construction due to the wider economic conditions.

Vancouver, BC – May 15, 2012. The British Columbia Real Estate Association (BCREA) reports that the dollar volume of homes sold through Multiple Listing Service® (MLS®) in BC declined 12.5 per cent to $3.8 billion in April compared to the same month last year. A total of 7,058 MLS® residential unit sales were recorded over the same period, down 1.8 per cent from April 2011. The average MLS® residential price was $532,855, 10.9 per cent lower than a year ago.

Real Estate Statistics BC

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“A ten per cent dip in Lower Mainland home sales offset a 14 per cent increase across the rest of the province,” said Cameron Muir, BCREA Chief Economist. “Kamloops, the Okanagan and the North all posted double-digit increases in home sales in April compared to levels one year ago.”

“The share of provincial sales garnered by Vancouver and the Fraser Valley declined from 65 per cent in April 2011 to 60 per cent last month,” added Muir. “A larger proportion of homes sold in less expensive regions contributed to the average BC sales price dipping nearly 11 per cent.”

Year-to-date, BC residential sales dollar volume declined 15.8 per cent to $15 billion, compared to the same period last year. Residential unit sales dipped 9.7 per cent to 23,782 units, while the average MLS® residential price was 6.8 per cent lower at $546,870.

Aberdeen Property and Homes for SaleVery well kept Aberdeen home in popular gated bareland strata. This home features 2+1 bedrooms and 3 full bathrooms, a large kitchen with centre island and lots of counter space, huge living and dining room area with nice gas fireplace and mantle. There is a huge deck off of the kitchen with a beautiful view of the river and valley. All the living space on the main floor at the front of the home has nice views and lots of natural light. The basement features a large rec room with gas fireplace, a good sized third bedroom and a huge storage room/laundry room. There is a private back yard/grassy area and patio off of the 2nd bedroom on the main floor, this home does not have anyone located behind it. There is also a double garage and extra visitor parking in the complex. The bareland strata fee is $150 per month and includes water, sewer, management and garden maintenance. Pets are allowed with restrictions and rentals allowed with strata permission. There is RV parking but is presently a wait list for a space.

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Lower Sahali Property for SaleLevel entry townhouse in great location with city views. Updated kitchen with ceramic tile, 4 newer appliances & re-painted throughout. This townhome feels like living in a villa, there are 2 private patios in the back, a small garden/yard area. The front features a third patio surrounded by a privacy wall. This is an end unit & there is a lot of street parking along with the one parking spot included. Small pets ok & there is a rental restriction. All appliances included, central vac & central A/C. Quick possession possible.

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South Kamloops Downtown PropertySouth east facing immaculate updated 1 bedroom condo. This unit is on the ground floor and has a great patio with grass space, awesome for owners with dogs. Many recent updates include laminate flooring and tile floors throughout, updated fireplace surround with custom cabinetry, countertops throughout, sinks, hardware, light fixtures and baseboards. This unit is like new! There is 1 assigned underground parking spot with the possibility to rent a second for $300/year. There is central A/C, indoor pool, workshop, fitness centre, recreation facility, sauna and a dock on the waterfront to park your boat. Located steps from the recreation facility. There is also a storage locker included. Very spacious unit with a huge master bedroom and open floor plan. Close to all downtown amenities and parks. Easy to show and flexible possession.

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Batchelor Heights Property for SaleImmaculate Batchelor Heights home located on a quiet street in mature area with parks and transportation steps away. Updates include: furnace ’06, central a/c ’06, roof ’06, fresh paint throughout, updated flooring throughout (laminate), updated bathrooms, kitchen, and back patio recently refurbished. This home includes all appliances including deep freezer (not including downstairs fridge) and a beautiful pool table. City and valley views from the back patio and front of the home. Nice sized flat, private yard with gardens, lots of parking and room for an RV.  Day before notice for showings a must and key must be picked up at LS office. The hallway and dining room light fixture not included but will be replaced. Just move right in to this home, there is nothing left to do!

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This Saturday, May 12th and Sunday, May 13th, 2012 open houses will be held in Batchelor Heights, Campbell Creek and Dallas in Kamloops, BC.

Dallas Kamloops Property for SaleSaturday, May 12th, 2012: 1:00-2:00: 6417 Dallas Drive, Dallas, $349,900

Great Dallas home on 12,000+ sq.ft. lot. Recent updates include kitchen, downstairs bathroom, some windows & doors & all flooring. The main floor features an open floor plan with French doors. More

Campbell Creek Kamloops property for SaleSaturday, May 12th, 2012: 2:30-3:30: 8970 Grizzly Crescent, Campbell Creek, $399,900

Brand new home in a newer subdivision that sits on a large private lot. This home has 3 bedrooms, and 3 bathrooms which includes a full 4 piece ensuite with separate shower and soaker tub. more

Batchelor Heights Property Home for SaleSunday, May 13th, 2012: 1:00-3:00: 32-1104 Quail Drive, Batchelor Heights, $299,900

Immaculate 3 bedroom, 2.5 bathroom two storey original owner townhome in Batchelor Heights. The main floor features a spacious great room featuring a large kitchen with lots of cupboard space & a gas fireplace. more

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Rare 3 bedroom condo with city views in adult oriented complex. Updated flooring and paint. Open floor plan with in suite laundry, lots of storage and spacious bathroom. Extra storage unit included on the same floor. Not a ground floor unit. Complex features an indoor pool, and recreation facility. Lots of parking and underground garage stalls do not come with the unit and new owner must apply with the strata. Flexible possession, easy to show.

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Sahali Condo for SaleSpacious 2 bedroom and 1 bathroom condo facing north west on quiet side of the building. Many updates including flooring, bathroom countertops, sink & toilet. Lots of storage in the unit with a large storage room. Central a/c, all appliances and window coverings included. No pets and unrestricted rentals allowed. Currently rented for $920 but can rent between $900-1000. Within walking distance to TRU, shopping, transportation and schools. Nice bright unit. Please allow 24 hours notice for showings, weekday daytime showings preferred. Tenants out at the end of May.

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Brocklehurst Property for Sale KamloopsGreat Brock home close to schools, shopping and transportation. Many updates include roof in 2001, furnace and hot water tank in 2011, some flooring and kitchen. There are two spacious bedrooms on the main floor and a large bedroom in the basement. The main floor is very bright and inviting and the kitchen is very spacious with lots of storage. There is a huge rec room with gas fireplace, a bar and potential for a kitchen (formally a ‘summer’ kitchen). The basement could be suited. There is a two piece bathroom in the basement which could accommodate a shower, and there is a large cold room/workshop (23 ft X 8 ft). There is a single car garage and RV parking. The yard is very private, there is a smaller yard directly behind the home and a huge side yard with storage shed on the side of the home. The side yard could accommodate a pool, detached shop or large children’s playground. Long time owners have lived in this home and have taken very good care of it.

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