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Kamloops Real Estate Information

living room home staging Kamloops Real Estate

Tips On Staging Your Kamloops Home To Get It Ready For Sale. It can be a very daunting task to start the process of staging your home to prepare to put it up for sale. In our experience there are a number of simple and inexpensive things you can do to help make your home more appealing than other homes for sale in your area of Kamloops. I have compiled a list of simple things you can do to help make the sale process easier and get the most money for your home.

1. Start with a open mind and new perspective

Often times home owners become very emotionally attached to a home and the decor. It is important to detach from the property and try to see your home through buyers’ eyes. Think minimalist and the ‘hotel room’ look. This will help make your home shine.

2. De-clutter!!!

Messy Home De Clutter House Staging Kitchen Kamloops Real EstateI can’t emphasize this one enough. It is important to go through all common areas of your home first as these areas are the first rooms buyers see. You want your home and have the feeling of space. Here are simple decluttering ideas for your home:

  • Make the entry way as spacious as possible. Large furniture and decor can get in the way of buyers entering your home.
  • Remove all items off of your counters in the kitchen and bathrooms.
  • Remove all magnets and cluttery bulletin boards from common space.
  • Remove all heavy drapery or window headers exposing the windows which will allow for more natural light to fill your home.
  • Remove all items that are not needed from closets and storage space. Get storage containers to pack items away that are not needed for the time you are listed for sale. If you can afford a storage locker remove all items from your home that are not needed.
  • Eliminate excessive knick knacks and personal items from the home. Plain homes show best!

3. Freshen up & brighten up

Paint colours are a huge component of the way a home presents. Choose a neutral colour palette. Presently neutral, spa-like colours are very popular. They give buyers an inviting feeling when walking into a home. Light paint colours also make a home appear more bright and feel more fresh. You want Buyers to see themselves living in your home. Fresh neutral colours will help them with this vision.

4. Curb appeal

2644 Galbraith Dr, Aberdeen, Kamloops Real EstateDuring some seasons of the year it is hard to have beautiful curb appeal in Kamloops due to the weather. Here are a couple ideas for each time of the year:

  • All Year: Freshly paint your outside doors especially the front door. Put up a new mailbox if you have a tired looking one and new modern house numbers are easy ways to create a fresh look. This is also a way to keep the cost down.
  • Summer: Trim shrubs and bushes, tidy up all the flower beds, keep the lawn cut and plant some fresh flowers to give the home some colour. If you don’t have a garden placing planters outside the main entry way and on a patio makes the home feel more pleasant.
  • Fall: Clean up the leaves and dead plants in the garden. Put out fall flowers and plants that add colour to your home. There are always beautiful planters available in the fall that liven up a front entry way or porch.
  • Winter: Don’t go crazy with the decorations! Tasteful holiday decor is acceptable but don’t put up so much that it draws a crowd. Don’t leave your decor up until the end of January. Clean up your Holiday decorations as soon as possible. Keep the pathways clear and well maintained.
  • Spring: Clean up the gardens after the winter melt. Plant some spring flowers and plants that will bring some colour to your garden. Check over the outside of your home and touch up any areas that are looking worn from over the winter (ie trim paint, outside doors).

5. Make sure your home is in top condition

Easy updates that are inexpensive will help with the sale of your home.

  • Replace faucets that drip or are outdated.
  • Take out old bathroom mirrors that date a bathroom and replace with a nice modern framed mirror.
  • Replace hardware on cabinets (ie dated gold pulls to brushed nickle is a good choice)
  • Replace worn or damaged counter tops.
  • Replace or professionally clean worn flooring. Carpet cleaning goes a long way.
  • Replace burnt out light bulbs and change out dated or broken light fixtures.
  • Replace torn screens.
  • Touch up knicks and damaged walls.
  • Place fresh towels in the bathroom and eliminate any used or old looking towels.
  • Replace furnace filter regularly and before putting your home up for sale.

6. Make the master bedroom gender neutral.

Bedroom picture home staging Kamloops Sell your homeA clean, tidy master bedroom is important. It is also important to pick colours that are neutral and not geared to only one gender. Stage the master bedroom with nice throw pillows and ensure that the linens are made up nicely on the bed. Remove any extra furniture to give the illusion of a large room with lots of space. Many people have multiple dressers in a bedroom, eliminate at least one.

7. Clean, Clean, Clean and Clean!

Clean Home Staging tips to sell your home in KamloopsHomes that are clean make buyers feel like the property has been well cared for and in turn well maintained. Make sure you clean the following:

  • Nooks and crannies of the kitchen where crumbs collect.
  • Tops of baseboards often get very dusty.
  • Window coverings, especially horizontal blinds tend to collect dust and dirt.
  • Scrub that bathroom!
  • Clean windows and screens.
  • Wipe down walls, doors, door frames and light switches.
  • Vacuum the carpets…twice

8. Beware of scale

Large furniture is popular and can be very comfortable however it takes up a lot of space. Remove furniture that is large and re-arrange the furniture to fit in a way that makes the home feel more spacious.

9. A great smell makes your home more memorable

If you have time before a showing bake some cookies or something that will spread a tasty smell throughout your home. Leave a couple samples out for the buyers coming through your home. It will make it more memorable.

10. Invest some money

dining room home staging Kamloops Real estate sell my homeIf you can afford to do so updates to flooring can go a long way. Old carpeting can turn a buyer off. Changing the flooring out to something more modern will give you a very good return on investment. If flooring is looking old and worn it will make buyers feel like the home is old and worn even if the home is in great condition. Buyers have trouble seeing past simple things like flooring.

Kitchens and bathrooms are one of the best investments you can make in your home. If you are trying to decide where to invest your money you will get the best return from kitchens and bathrooms.

If you are thinking about getting your home ready for sale and don’t know where to start give us a call. We would be happy to come to your home and get you moving in the right direction. Contact Us!

I found that even though this article was written mainly for the Vancouver and Lower Mainland market area the advice that they have also applies to the Kamloops market. It is important to pick the right Realtor for you. There are a number of Realtors to choose from and it is hard to know where to start.

This article appeared on the Province website on February 7th, 2014 and was written by Michael Bernard.

Handshake kamloops real estate mls listingsWith the average home selling for more than $600,000 last year in Vancouver, buying and selling real estate is a serious business where a single mistake can cost you thousands of dollars.

Those mistakes can include hiring the wrong real estate agent, so it pays to listen to the experts before you sign on the dotted line. The leaders of the two major real estate boards covering southwestern B.C. recently offered some tips on how to choose the right agent – whether you are buying or selling a home.

“You really want to know what experience the realtor has before you engage them,” said Sandra Wyant, president of the Real Estate Board of Greater Vancouver. “If you are looking to purchase a condominium in downtown Vancouver, you want to be looking for an expert in that area and in stratas.”

Wyant says friends and family can be a real help in choosing a realtor.

“They will be very honest about their experience with a realtor. And ask the realtor for references, as well.”

If you are new to Metro Vancouver or don’t have friends or relatives to ask, both boards offered ways to size up an agent you are considering.

“If you have open houses in the area you are seeking to buy or sell in,

you can pop into the open house and interview the realtor who is doing those open houses,” Wyant said. “During the interview, you might ask the realtor how many transactions they handled in the past year so you can get a good sense of their experience in the business.”

Ray Werger, president-elect of the Fraser Valley Real Estate Board, said the Internet has great tools, such as LinkedIn or Google or realtor.ca, for checking out realtors.

“I would want to know if they are a well-rounded person and what kind of person are they outside of the ‘business veneer’,” he said. “Do they work in the community? Do

they have their own website and what sort of marketing do they do and what sort of price range do they work in?” Both Wyant and Werger put a high premium on communication and listening skills when sizing up a realtor.

“Do they listen well to the questions you are asking or are they selfabsorbed and pumping themselves up?” Werger asked.

Wyant also stressed that good realtors “put your needs above their own,” something that should become obvious during an interview.

People buying or selling a home should also make sure the realtor will meet their expectations about how often they communicate with them.

Ron Todson, who is the Fraser Valley board’s current president, said that when he was active in real estate sales, some clients wanted to hear from him every few days, while others only wanted to hear when they had an offer on their home or when he had a home to show them.

Todson said he had a set system of communicating any offers or other activity to the client every Thursday and would meet the client once a month. Regardless of your communications needs, the most important thing is to make sure you are comfortable with your realtor and that the relationship is a good fit, he said.

New Development Residential KamloopsHere is a list of all the areas of Kamloops that have new residential housing developments. These developments consist of multi-family condominiums, townhouses, duplex units, bare land strata developments and single family homes. To view all home listings and properties for sale in Kamloops click here.

Aberdeen

Carradale Court (1250 Aberdeen Drive) is Aberdeen’s newest single family (bare land strata) subdivision. This development features 2 and 3 bedroom plans. There will be 40 single family detached homes and a choice of 9 floor plans. Located in the West Highland Development on Aberdeen Drive and is across from the Aberdeen Elementary School.

Cobblestone Pointe (770 Hugh Allan Dr) a new development is one of Aberdeens newest developments. It will consist of 20 duplex style homes in a bare land strata. They back on to a green belt and will have valley and mountain views. It is located on Hugh Allan and Highway 5a (old Merritt Highway). This development is sold out but resale units may come available.

Harrison Views (1200 Howe Rd) is a new condo style development on the corner of Harrison Place and Howe Road in Aberdeen. Each unit comes with stainless steel appliances and granite countertops. There are one and two bedroom units with beautiful valley and river views.

Livingston Court (1365 Aberdeen Dr) is a new multi-family townhouse development in the Aberdeen West Highland area. These homes consist of two bedroom and den as well as three bedroom units. Some of the units back on to green space and have nice valley and mountain views. These homes have nice open floor plans and the choice of two colour schemes.

Pacific Ridge Estates is a new development on Pacific way at Links Way. It is in the beginning stages of development and will feature 24 units. It is going to be a gated community with beautiful valley views. It is located among many walking trails and close to shopping and schools. These homes are higher end rancher style homes with daylight walk out basements. This development will feature nice green spaces and most units are duplex style with one unit fully detached and one row of 3 units.

The West Highland development is located at the intersection of Aberdeen Drive and Pacific Way. This development features a variety of dwellings including single family and multi-family homes. Phase one of the development includes 34 single-family lots, two multi-family sites and a mixed-use commercial-residential site. 90 to 110 units could be built in the first phase.

For more info about the Aberdeen neighbourhood click here.

To view all homes and properties for sale in Aberdeen click here.

Batchelor Heights

Plateau at Riverbend is situated in the Saddleback Hills and is located north of Batchelor Drive off of Stagecoach Drive. This area is one of the newest single family developments in Batchelor and consists of brand new homes and serviced building lots. These homes and lots are found on Saddleback Drive, Latigo Drive and Doubletree Crescent.

Saddleback Hills is located north of Batchelor Drive. Stagecoach Drive and Saddleback Drive are two streets in Batchelor where this particular development will be found. There are a variety of homes for sale such as single family detached homes, bare land strata detached homes and duplex style bare land strata homes.

Quails Roost Court is located off of Quail Drive in Batchelor Heights. This is one of the newest developments in Batchelor. The homes are perched on top of a hill and boast beautiful views of the river and valley below.

The Views at Saddleback (900 Stagecoach Dr) is located at the foot of Saddleback Drive off of Grasslands Boulevard. This is a bare land 48 unit strata development and features single family detached homes and duplex style homes. Many of the units in this development feature valley and river views.

For more info about Batchelor Heights Click here.

To view all homes and properties for sale in Batchelor Heights click here.

Brocklehurst

Crestline Park (2592 Crestline St) This Bare Land Strata development is located off of Crestline Street in Brocklehurst. This strata has homes with open modern floor plans and feature three floor plans, rancher style, basement entry and two storey. All homes have unfinished basements and fenced yards. There are nice views of the hills and walking trails are close by. Each home has a single car garage and two parking stalls.

Mayfair & Riverbend are seniors oriented independent living condos with lots of amenities. There are also support services offered at this development. Amenities include fitness centre, theatre room, games room, workshop, community garden & more. The complex is pet friendly and wheelchair accessible. It is very close to shopping and transportation.

Suncrest Place (1923 Parkcrest Ave) This smaller style bare land strata development features duplex style homes that have nice modern finishes, single car garages and nice yards. There will only be 10 units in this development.

Sunset Ridge (1900 Ord Rd) is a development off of Ord Road set against the northern hills in Brock. This is a leasehold development with low bare land strata fees. There is the option to pay out the lease to transfer the property to a freehold interest. These homes are built green with low-e windows, 30 year roof and high efficiency furnace. All the homes in this development are modular/manufactured homes that sit on a foundation. Some homes do have a basement.

West Briar Estates development is located west of Crestline Street in Brock. This area is mainly single family detached homes on lots that are a minimum of 5,000 square feet. The homes built in this area are predominantly basement entry style homes with two car garages and open floor plans. There are a few ranchers also built in this area. There are not any more lots available and some homes are now coming up as re-sale homes in this area.

For more info about Brock click here.

Campbell Creek

Campbell Creek Village is located close to the Wildlife Park 20 minutes from the Downtown core. There are a number of building lots on Dallas Drive, Badger Drive and Badger Place available for purchase including cul-de-sac lots. New homes are also available for purchase. Hiking trails surround this beautiful area of Kamloops.

Dallas

Dallas Town Centre is a new development located on Dallas Drive. This development is a mix of commercial and residential. Condominium units range in size from one bedroom, one bathroom to larger three bedroom, two bathroom units. These units are complete and ready for occupants.

For more information about Dallas click here.

Dufferin

Hidden Trails at Mount Dufferin is the newest subdivision going in to the Dufferin area. It is located at the end of Pacific way and is bordered by Kenna Cartwright park. There are currently plans for numerous single family lots (4 phases) and two multi-family developments. Rockress Drive is Phase 2 of this development and services are in for the new homes that will soon sit on these lots. There are a few homes already built on Rocress Drive and more are being built monthly.

For more info about Dufferin click here.

To view all homes and properties for sale in Brock, Campbell Creek, Dallas, Dufferin & Southgate click here.

Juniper Heights

Coldwater Terrace (1939 Coldwater Dr) is Juniper Heights newest bare land strata development. It is located in the West end of Juniper Heights and features single detached homes and duplex style homes. There are both rancher style homes and basement entry. Each home has a two car garage, 9 foot ceilings on both the main and basement levels and is fully landscaped.

The Juniper Benchlands area is located at the eastern portion of Juniper Heights. Many homes have breathtaking views that stretch as far as Kamloops Lake. There are a number of new homes built in this area as well as lots ready for development. This area is predominantly a single family detached development with larger homes typically over 2,500 square feet in size. The newest streets in this area are Similkameen Place, Birkenhead Drive and Place, Cheakamus Drive and Place and Kicking Horse Drive.

Juniper West is located to the west of Highland Drive. Juniper West sits on the western portion of Juniper Heights and boasts beautiful views of the valley below. The newest stretch of Juniper West is along Coldwater Drive that was recently extended westward towards Rose Hill. There are also building lots on Galore Crescent. Many new, pre-existing homes that have been built over the past couple years are located on Stikine Street and Kechika Drive and Kechika Court. New, two storey duplexes are located on Highland Court. These homes are situated near the new commercial area of Juniper.

For more info about Juniper Ridge click here.

North Kamloops

Golden Vista Suites is a Seniors orientated development in North Kamloops. There are 46 freehold strata units in this development. There is a choice of studio and one bedroom apartment style living and there is also a common room and patio for socializing. There is a bonus of 55% reduction in property taxes for 10 years from the City of Kamloops.

Library Square (689 Tranquille Rd) is a three phase strata condominium residences above the new North Kamloops Library and commercial complex. This new development is conveniently located between the North Hills Shopping Centre, the new Holiday Inn and Cottonwoods community centre. Each unit has a spacious maple kitchen, in-suite laundry, storage locker, a large balcony and underground secure parking. Currently Library Square is selling phase three. This complex is in a great location close to numerous amenities.

For more info about North Kamloops click here.

Pineview Valley

Copperhead Corner (1711 Copperhead Dr) is Pineview’s newest townhouse development. These homes are located on the corner of Copperhead Drive and Hugh Allan Drive. These homes are a two storey design with the garage under the main floor. Each unit comes with a single car garage, two bedrooms and two and a half bathrooms. Located within steps of walking trails, the park and transportation. All units have been sold in this development but will come up for resale.

For more info about Pineview click here.

Sahali

Mesa Estates at Sedona Pines development is on Azure Place, located in Upper Sahali. Homes here have stunning northern views of the mountains and valley below. This is a bare land strata development and consists of single family homes that are over 2,000 square feet.

Landmark One & Landmark Two (775 McGill Rd) is conveniently located across the street from the Thompsons Rivers University on McGill Street near Summit Drive in Southgate. The first phase is complete and features a four storey, 32,800 square foot building development. This development also includes about 9,000 square feet of retail space. Landmark Two is an extension of the first development and features 38 one and two bedroom units. The units range in size from 935 square feet to 1,400 square feet.

Monarch Drive development is located between Springhill Drive and McKinnley Court. This new development consists of primarily single family homes. There are lots ready for development and new homes at various stages of completion.

Summit Pointe is a new condominium development on the corner of Springhill Drive and Summit Drive. The units in this development feature geothermal heating and cooling, excel custom kitchens, granite counter tops, six appliances and a common fitness facility. The units have beautiful northern views. There is also secure, underground parking.

For more info about Sahali click here.

To view all homes and properties for sale in Juniper Ridge, North Kamloops, Pineview and Sahali click here.

South Kamloops

Guerin Creek is a new high end development in South Kamloops just off of Summit Drive. Many of the homes have high end finishing and appliances. Current homes in Guerin Creek are two level designs with a basement. The lot sizes do vary. Many of these homes have amazing views of the Thompson River Valley looking north.

The Mosaic is located in the heart of South Kamloops. These units are built with high end materials such as hard wood floors, heated tile and custom kitchens. Features on demand hot water and stainless steel appliances. There is also secure underground parking and private entrances.

Arbutus Estates Villas have unobstructed views of the South Thompson River. Each unit features high end finishing such as hardwood flooring, granite counters and ceramic tile. There is a double garage and a security system. Each unit has over 1,200 square feet on the main floor with the same square footage in the basement.

The Mission Hill (975 Victoria St W) development is located on the south side of the Thompson river overlooking Victoria Street West and is west of the Overlander bridge. There is a choice of one, two and two bedroom plus den units with a gourmet kitchen and a large balcony perfect for entertaining. The development will feature walking paths, gathering spaces and lighting features. This development is located within walking distance of the Thompsons Rivers University and very close to the Kamloops downtown core.

For more info about South Kamloops click here.

Sun Rivers

Belmonte (512 Belmonte Dr) is a new Townhouse development located above the 10th fairway in Sun Rivers. These garden style townhomes are executive style with a ‘taste of Tuscany’. These homes are south facing and come in a variety of floor plans.

Golf Ridge Townhomes are low maintenance living where owners can lock up and go. These executive homes are are complete and ready for new owners. They feature granite countertops, stainless steel appliances, hardwood floors and crown mouldings.

Ironwood which is now selling (Phase I was sold out and they are currently selling Phase II), is bordered by natural areas on the west side of the development and Stoneridge Adult community on the east. Many of the homes sit on 6,500 to 12,000 square foot lots and are built in an “Old World” architectural style like an English country neighbourhood.

The Pointe, which is now selling lots, consists of unobstructed view lots with contemporary modern architecture. This is an adult orientated development. Located close to the Talasa development, the Pointe is in a great location with easy access.

Talasa: There are three stages of the Talasa residential condominiums. Each building consists of four storeys. The units have stainless steel appliances, granite counter tops, walnut and charcoal themed flooring and luxurious contemporary accents throughout. Talasa units have geothermic heating and cooling systems and use sustainable materials and eco-sensitive initiatives. The Talasa development includes a shopping and restaurant development, exercise facilities and a residents club (phase 4). Phase 3 is currently nearing completion.

Visao lots are located at the east end of Sun Rivers. They feature large executive lots with beautiful views of the valley and golf course. There are homes for sale currently in Visao in various stages of construction.

For more info about Sun Rivers click here.

To view all homes and properties for sale in South Kamloops and Sun Rivers click here.

Valleyview

Courtland Park is located in the Orchards walk development on Valleyview Drive. These units are built green. The units have 3 bedrooms, 2.5 bathrooms, 9 foot ceilings and two car tandem garages. There are no age restrictions, pets and rentals are allowed in this development.

Orchards Walk is a bare land strata development located on Valleyview Drive. Orchards Walk consists of a number of single family homes that have small private yards. Homes range in size from two bedroom, two bathroom homes to much larger. The bare land strata fees for this development are currently $117 per month.

For more info about Valleyview click here.

Westsyde

Beachmount Estates located on Bank Road is a new single family development bordering the North Thompson River. Currently the site of “The Mansion” Beachmount Estates offers 34 building lots in phase 1 that are available for purchase. There are also a number of homes that are in the finishing stages and will be ready for occupancy in the next few months. Many homes have beautiful views of the river and easy access to the park and walking trails. This new development is located in the heart of Westsyde and is close to schools, transit and shopping.

Copperwood Estates (3031 Westsyde Rd) is a new development located on Westsyde Road. This bare land strata development consists of rancher style duplex homes and two storey duplexes. The ranchers have unfinished basements and over 1,000 square feet on the main floor and the two storey designs have over 1,500 square feet on two floors and no basement. Each home will have a single car garage. This development is sold out so Buyers will only have resale units to consider.

The Estates at Riverbend is a single family home development that sits above Westsyde Road minutes south of Westmount. Grasslands Boulevard is the main road that meets Westsyde Road. There are plans to eventually hook up Grasslands Boulevard in Batchelor Heights with Riverbend. The properties in this development have nice river views and are set against the Lac Du Bois Grasslands Park.

Rockliffe at Ida Lane is a bare land strata development near the Dunes golf course in Westsyde. This development mainly consists of larger single family homes. The homes have nice south east views of the city and hills.

Stansfield Road, Hayward Place and Bank Road are the site of the newest Westsyde development. There are a number of serviced building lots ready for new homes. The lots range in size from just over 4,000 square feet to over 7,000 square feet in size. They are located close to transportation, schools, parks and shopping.

Westlinks at the Dunes is a bare land strata development with fully detached homes that sit along the 5th fairway of the Dunes golf course. There is a combination of rancher style homes and two storey layouts. Homes range in size. There are also lots ready for development.

For more info about Westsyde click here.

To view all homes and properties for sale in Valleyview and Westsyde click here.

MLS Residential Sales BC November 2013

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Vancouver, BC – November 15, 2013.  The British Columbia Real Estate Association (BCREA) reports that a total of 6,673 residential sales were recorded by the Multiple Listing Service® (MLS®) in BC during October, up 26.5 per cent from October 2012. Total sales dollar volume was 34.5 per cent higher than a year ago at $3.6 billion. The average MLS® residential price in the province was $540,432, up 6.3 per cent from October 2012.

“The fall housing market is shaping up to be the most active in four years,” said Cameron Muir, BCREA Chief Economist. “Persistently low mortgage interest rates and an element of pent-up demand have driven home sales higher in the province’s large Lower Mainland and Vancouver Island markets.”

“While the rebound in consumer demand has been significant, home sales are trending near the long-term average and any continued acceleration will depend on stronger economic and employment growth,” added Muir.

Year-to-date, BC residential sales dollar volume was up 8.2 per cent to $33.6 billion, compared to the same period last year. Residential unit sales were up 5.1 per cent to 63,020 units, while the average MLS® residential price was up 2.9 per cent at $533,321.

This article appeared in the Kamloops Daily News on December 18th, 2012 and was written by Mike Youds.

Housing market analyses twinkle like the stars as people search for signs of where the economy might be heading in 2013.

The Canadian Real Estate Association is the latest to weigh in, trimming its sales forecast for this year and next. The industry association expects home sales this year to slip 0.5 per cent relative to 2011. Just three months ago, it was projecting a 1.9 per cent rise.

Sales next year are expected to drop another two per cent.

While that’s not great news for those hoping for signs of a stronger economic recovery, it’s not the sound of a bubble bursting, either.

At best, there are faint signs that the market is moving in any direction.

Overall, the province is tracking downward in dollar value and in sales, but that trend is driven by Vancouver and Victoria, where markets have softened, said Dave Peressini, president of Kamloops and District Real Estate Association.

“I think at the end of November we were up about three per cent, but you’re really looking at a local market,” Peressini said. “The fact that we are holding on in sales and dollar value up a little bit, I think tells you the market will be that way in 2013.”

The average Kamloops MLS price in the third quarter of 2012 was $369,000, showing a 3.1 per cent rise over the same quarter last year.

Peressini finds more encouraging signs over the long range.

“We do have an expanding population and some fairly strong, long-term employers and low mortgage rates. The economic fundamentals are there.”

The CMHC recently released a forecast calling for very modest increases of housing starts in Kamloops in 2013, said Paul Fabri, a Kelowna-based analyst with the Crown corporation.

“That’s consistent with the forecast for the province overall.”

There were 23 housing starts in Kamloops last month compared with 24 for the same month in 2011.

“The difference is, essentially, one housing project,” Fabri said.

There were 17 single-detached starts in November, down from 23 in November 2011. Growth in the multiples market, to 29 from 12, almost made up for the difference.

Overall in 2012, single-detached starts rose to 250 from 225 last year while multiple starts went in the opposite direction, dropping from 258 to 185.

The figures indicated that local new-housing market is in a period of stability rather than growth, but that’s preferable to the market declines and possible collapse some were predicting earlier in the year.

Scotiabank reported last week that the Canadian housing market seems to have made a soft landing with cooler but steady sales and price stability.

Nationally, sales in October were down about 10 per cent from the spring, but only marginally below the average pace of the past decade, reported bank economist Adrienne Warren.

Some of that adjustment could be attributed to regulatory changes that took effect in July, including a lowering of the maximum amortization period to 25 from 30 years.

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