New Listing: 1066 Douglas Street, South Kamloops, BC $549,900

1066 Douglas Street, South, Kamloops Home for Sale

New Listing: 1066 Douglas Street, South Kamloops, BC $549,900. Prime location, this South Kamloops home has so much to offer including a two car detached shop, RV parking and an inground pool!

This home features over 1,300 square feet on the main floor with 3 good sized bedrooms, a large living room, kitchen, dining space as well as an additional office space. There is main floor laundry. The basement level walks out to the pool area from the family room and features an additional bedroom, 3 piece bathroom and tons of storage.

This home has had a number of updates over the recent years including roof, pool liner, pool underground pipes, and much more. Located steps to transportation, elementary and secondary school as well as close to all City of Kamloops amenities. Don’t miss out on this fabulous home!

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Housing Market Reacts to Mortgage Stress Test: BCREA 2018 Third Quarter Housing Forecast Update

Vancouver, BC – August 20, 2018. The British Columbia Real Estate Association (BCREA) released its 2018 Third Quarter Housing Forecast Update today.

MLS RESIDENTIAL SALES BC AUGUST 2018Multiple Listing Service® (MLS®) residential sales in the province are forecast to decline 21 per cent to 82,000 units this year, after recording 103,768 residential sales in 2017. MLS® residential sales are forecast to increase 8 per cent to 88,700 units in 2019. The 10-year average for MLS® residential sales in the province is 84,800 units.

“The BC housing market is grappling with a sharp decline in affordability caused by tough B20 stress test rules for conventional mortgages,” said Cameron Muir, BCREA Chief Economist. “While these rules have had a negative effect on housing demand across the country, the impact has been especially severe in BC’s large urban centres because of already strained housing affordability.”

In spite of the policy-driven downturn in housing demand, strong fundamentals continue to underpin the market. Demographics are highly favourable, especially the millennial generation who are now entering their household-forming years. In addition, low unemployment is leading to significant upward pressure on wages and, by extension, household wealth and confidence.

The pullback in BC home sales is helping alleviate a chronic shortage of supply. After trending at decade lows, active listings in the province were up nearly 20 per cent in July. The combination of slower housing demand and an increase in the inventory of homes for sale has trended most markets toward balanced conditions. This means more selection for home buyers, fewer multiple offer situations and less upward pressure on home prices.

New Listing: 1690 Slater Avenue, Brocklehurst, Kamloops, BC $429,900

New Listing: 1690 Slater Avenue, Brocklehurst, Kamloops, BC $429,900. Awesome Brock home with park like back yard and gorgeous in ground pool. This home features a number of updates including central a/c, hot water tank, paint, flooring, bathroom, pool sand filter, solar cover, winter cover and washer/dryer.

The main floor has a lot of living space and windows for natural light. The dining room leads to a large covered deck that overlooks the yard and pool. There is a second exit to the yard off of the kitchen. The two bedrooms on the main floor are very spacious and the 4 piece bathroom is updated.

The basement level features 2 additional spacious bedrooms, an updated 3 piece bathroom, a semi finished family room and a large laundry/storage/utility room space. There is a separate entry to the carport. Suite potential! Other great features include RV parking, location on a quiet street, steps to transportation and quick possession possible.

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