Brighton Place, Aberdeen: One of Kamloops’ Newest Bare Land Strata Developments!

Brighton Place Aberdeen Kamloops Home New Construction Bare Land Strata Property Real EstateBrighton Place is located at 1323 Kinross Place in the Aberdeen Highlands development. This new development is located walking distance from Pacific Way Elementary School, local walking trails, sports fields and transportation. It is also a short drive to local shopping and City of Kamloops amenities.

Brighton Place will consist of a combination of homes which include single family, duplex style and townhouse (4 plex) style units. There are level entry rancher homes, two storey designed homes and basement entry walk up style homes. There is a home to suit everyone! Phase 1 consists of 14 units which vary on price, size and style. Click here to view the site map and Phase 1 options.

Contact us anytime with questions or to secure your home!

Brighton Place Aberdeen Home for Sale New Construction Real Estate


Click Here to view the rancher style homes in Phase 1 (Plan A1)


Brighton Place Aberdeen Home for Sale New Construction Real Estate Kirsten Mason Team Century 21 Agent Realty REMAX


Click Here to view the basement entry style homes in Phase 1 (Plan E)


Brighton Place Aberdeen Home for Sale New Construction Real Estate Kirsten Mason Team Century 21 Agent Realty REMAX


Click Here to view the 2-storey style homes in Phase 1 (Plan G)


Brighton Place Aberdeen Home for Sale New Construction Real Estate Kirsten Mason Team Century 21 Agent Realty REMAX


Click Here to view the 2-storey style townhomes in Phase 1 (Plan H)


There will be four colour schemes to choose from. The flooring throughout will be a combination of Ceramic Tile (bathrooms), Wood Grain Laminate (main living space) and Carpet (stairways & bedrooms). Each home will have a modern open great room floor plan with modern finishings and colours. There are a number of upgrades that can also be included with the home. For all information regarding finishings, upgrades and unit spec’s click here.

Each home will have a patio in the back yard area of the home and the yard will be fully fenced. The single family homes will have double wide drive way space to accommodate more than one vehicle. Every home in this development will have a fully enclosed garage and some units even have a double garage. Bare land strata fee $109.53 per unit and includes water, sewer and road maintenance. This development is pet and rental friendly!

Occupancy for homes will start late winter to early spring 2018. Contact us anytime with questions or to secure your home!

BC Home Partnership Program Information and Guide

I had the opportunity today to be part of a webinar discussing the new BC Home Partnership Program for first time home buyers. After being presented with the information in the webinar it is fairly straight forward and easy to understand from an experienced Realtor’s perspective. I could also see that first time home buyers in Kamloops may need some help and direction navigating the entire process.  I thought it was important to create a guide to help buyers understand how the program works and where to start. There were also a number of points that were brought up in the webinar that I feel are important to consider.

STEP 1: Who can qualify for the BC HPP?

  • Canadian Citizen or Permanent Resident for the last 5 years Minimum.
  • Must have resided in BC for the full 12 months preceding the application.
  • Must be a first time home buyer and never have owned a property before. This would also include being on title of a parent’s property as I find this does happen. If a buyer were on title at any time this usually would disqualify a buyer as a first time home buyer.
  • Only registered buyers on title can be first time home buyers (ie. a couple wants to purchase a home and one of the two buyers have owned a property before). This would disqualify the buyers based on the one person having owned a property.
  • Purchase price of the property not to exceed $750,000.
  • Must be a high-ratio insured mortgage (less than 20% down payment).
  • Combined household income not to exceed $150,000 per year.
  • The Buyer’s property purchase must be their primary residence for 5 years.
  • Mobile homes on a lease or rental pad do not qualify.
  • Recreational properties do not qualify.
  • Minimum 2.5% down payment required to qualify.

STEP 2: So you think you qualify ~ What next?

  • Get pre-approved with a mortgage broker. Mortgage brokers will approve you based on the down payment that you have and ensure all your documents are in order for the first mortgage.
  • Your pre-approval must be for a high-ratio first mortgage from a lender approved by the National Housing Act.

STEP 3: You are pre-approved by your Mortgage Broker ~ Congratulations! Next steps:

  • Fill out the online application here for the BC HPP.
  • In the application you must have the following:
    • Proof of status in Canada (one of the following):
      • Canadian Birth Certificate
      • Permanent Resident Card
      • Certificate of Canadian Citizenship
    • Secondary Identification that includes a photo (BC Drivers License, BCID, Passport, Secure Certificate of Indian Status are the main options)
    • Proof of income: Notice of Assessment from CRA or Proof of Income Statement from CRA.
    • Proof of pre-approval from a mortgage broker: Must be a Lender approved by the National Housing Act. Your mortgage broker will provide a letter to you that you will upload for BC HPP.

You have submitted your full application, the BC Home Partnership Program will give you a pre-approval within 5 business days of submission.

STEP 4: Go find your home!

  • Begin your search for that dream home. We have a number of resources available for our buyers outlining the process for purchasing a home. We would be happy to help you with this process!
  • Write an offer on a suitable home and begin to work on the conditions of the sale (ie. financing, home inspection, etc).
  • At this time the accepted contract is submitted to both your Mortgage Broker and BC HPP.
  • BC Home Partnership Program will take one business day to review your final application. You will also have to have a final approval by your mortgage broker for your high ratio insured mortgage.
  • Once approved by both your mortgage broker and BC HPP you are safe to remove the condition to financing.

STEP 5: Complete on the sale.

  • You will need to have a lawyer or notary represent you to finalize all documents and register the mortgage. In Kamloops a lawyer or notary can run anywhere from $1,100 to over $1,500. I always suggest making a few calls to real estate lawyers or notaries to find one that fits you as a buyer. We have a list of trusted professionals we can provide our clients.
  • BC HPP also has a legal fee that a Buyer is responsible for in the amount of $560. This is in addition to the Buyer’s legal fees with the lawyer or notary they choose. This fee is due upon completion of the sale of the property.

STEP 6: Get moving!

Here is a simple flow chart showing a simplified version of the application process:

BC Home Partnership Program Flow Chart


  • Interest will not be paid on the BC HPP loan until year 6. That interest rate will be set from year 6-10 at 3.3%
  • Year 11 on-wards the interest rate is pegged to the Royal Bank of Canada’s Prime Rate plus 0.5%.
  • There is NO interest or NO penalty for early payment of the BC HPP loan.
  • Co-signers will be considered and don’t have to be first time home buyers. A co-signer would not appear on title.
  • The purchase contract must allow at a minimum of 14 days to complete the sale. So this means there must be at least a 14 day time period between the day you remove subjects and the day you pay for the home.
  • The down payment can be a ‘gift’. Your mortgage broker will advise you as to what documentation you would need to qualify for a first mortgage with a gifted down payment.
  • Does the house you are buying need improvements? There is the opportunity to obtain a purchase plus improvements mortgage under this program. Consult your mortgage broker for more info about how this works.
  • If you choose to sell your home before the 5 year term is up the loan becomes due upon completion of the sale and must be paid in full. You cannot transfer the loan to another property.
  • BC Home Partnership Program is not limiting the number of approvals it will provide. Buyers have up until March 31st, 2020.

For more information about this program visit the BC Home Partnership Program’s website here.

Consult a mortgage broker for all mortgage related questions. As a Realtor I facilitate the sale of a property and do not advise clients regarding financing and mortgage qualification. Contact me anytime if you would like a recommended list of great mortgage brokers in the Kamloops area or if you would like to start your home buying process.


The Kirsten Mason Team at Century 21 Kamloops is Ready for 2017!

Myself and my entire Team are excited to start a new year of Real Estate adventures! Our goals are set and the Team is ready to make 2017 a very productive year. We are dedicated, hard-working and continually integrating new technology into our services. We use the latest innovations to serve you better, but we like to stick to our roots of great hands on customer service. On behalf of myself and my team we look forward to working with you this year and for many years to come!

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Kamloops’ Hot Housing Market Continues in May, Infonews

This article appeared in the on June 3rd, 2016 and was written by Brendan Kergin.

Aberdeen Sold Home 2016KAMLOOPS – Real estate sales continued a hot streak through May in Kamloops, while residential building permits also outpaced last year.

Total sales were up 40 per cent compared to last year, according to statistics collected by the Kamloops and District Real Estate Association, including a 36 per cent increase in residential sales.

The median price for a home in Kamloops was also up, around $405,000, compared to April’s $385,000.

Kamloops isn’t alone with a hot real estate market. In a release, the B.C. Real Estate Association forecasts a record-breaking year for residential sales in the province, partly because demand for housing is outpacing supply as people move into B.C. from other provinces. In Kamloops, residential inventory is down, according to the local association.

Residential building permits were up, though, compared to last May, putting the total number of 2016 just ahead of 2015 in that category.

However, other building permit categories still lag behind 2015 numbers.

The monetary value of commercial permits in May 2016 — $124,000 — was just six per cent of May 2015’s $2 million, with only three permits issued last month compared to 12 the previous May.

In total, building permits in 2016 were worth $43.5 million — more than $33 million behind last year, which hit $77 million in the first five months.

Kamloops Housing Starts Remain Steady, CFJC News

This article was written by James Peters of CFJC News and appeared on their website on January 13th, 2016.

New Construction Kamloops BC Real Estate

Kamloops — The final numbers are in for 2015, and the Kamloops new home construction market performed almost exactly as well as it did in 2014.

According to the Canada Mortgage and Housing Corporation, a total of 523 new units were started last year, just five more than the year previous.

CMHC Market Analyst Taylor Pardy says don’t expect big changes in that number any time soon.

“The outlook for new construction in Kamloops is expected to be positive for the 2015-2017 period in general, with total housing starts remaining steady,” said Pardy adding, “new housing construction will be supported by a combination of low mortgage rates, population growth, and a balanced re-sale market”

Pardy also indicated that stability is very positive, especially considering the uncertainty much of the rest of Canada is seeing right now.

Assessments Show Moderate Growth in Kamloops, Kamloops This Week

This article appeared on Kamloops This Week‘s website on January 4th, 2016 and was written by Cam Fortems.

BC Assessment 2016 Kamloops BCValleyview and Barnhartvale led city neighbourhoods in a 2015 assessment marked by continued moderate growth for Kamloops and the region.

Homeowners will tear open their assessment letters arriving in the mail this week — or check online — to find values in the range of minus five per cent to plus 10 per cent. Most neighbourhoods saw property values increase in the range of two or three per cent.

“For the most part, values are fairly constant,” said area assessor Graham Held. “Graphically. you can see the vast majority are in the zero to five per cent range [of increase].”

The City of Kamloops uses the calculations as part its annual tax assessment.

The city’s revenue manager, Parissa Bhullar, said a precise average is not yet available. That average will determine whether property owners will get a break or pay higher property taxes in 2016.

On a neighbourhood basis, Barnhartvale homeowners saw the biggest average increase — at $24,000, or about 6.5 per cent. That compares to lower increases in Juniper Ridge, Westmount and Batchelor Heights, where values are up a half per cent or less.

Values are calculated as of July 1, 2015.

The city also saw about $382 million in new construction for the period between July 2014 and July 2015. Held said the higher volume of sales recorded this year helps with valuations. “Sales values were strong, which is good for us because everything is based on sales,” he said.

Held said property owners who believe there is an error or that their values are misrepresented should call B.C. Assessment Authority for a potential correction or to book a time for an appeal with the property assessment review panel.

The deadline to file an appeal is Feb. 1.

Based on moderate increases, Held said call volumes to the office, as well as appeals, are expected to be down.

Across the region, Chase and Sun Peaks saw the highest average increases — as much as 15 per cent  — with Logan Lake and the North Thompson among the lowest.

An Active Real Estate Market

While real-estate sales cooled in December, the year 2015 marked an active real estate market in Kamloops.

Kamloops & District Real Estate Association recorded a 14 per cent increase in unit sales for the year, to reach almost 2,600 units. For December, typically one of the slowest months of the year, the market saw a nine per cent decrease in units sold.

Prices remain moderate, with the median price for a single-family home in Kamloops reaching $375,000. That monthly number can fluctuate widely due to the small monthly sample size. In November, the median price was $393,000.

For the year, the most active neighbourhood for sales was Brocklehurst, followed by Aberdeen and Sahali.

Assessment Notices Will Not Shock Kamloops Homeowners, Kamloops This Week

This article appeared in the Kamloops This Week on November 30th, 2015 and was written by Cam Fortems.

Kamloops should escape the price shock homeowners in many parts of the province will experience when they tear open assessment notices next month.

Area deputy assessor Graham Held said yesterday that, while real-estate sales volumes in the Thompson region remain healthy, the market is not seeing the wild price increases found in the Lower Mainland.

“We’re looking at another flat market this year, a marginal increase,” Held said of assessment valuations.

Property owners across B.C. receive assessment notices in the first week of January. Those notices reflect property values as of July 1 the previous year.

“Certainly in the Kamloops market, it’s marginal increases,” Held said.

Kamloops & District Real Estate Association president Cyndi Crossley agreed price increases in this market have been moderate.

“We’re incredibly different than the rest of the province,” she said.

“It seems every time I have a conference call [with other real-estate association presidents], we’re the anomaly.

“Everyone else has a roller-coaster market. Kamloops is really stable.”

Assessment increases last year ranged from zero to about 10 per cent in some areas of the city.

Held said this year’s assessment is expected to continue that trend of price stability.

Some markets, including Vancouver Island and the Okanagan, have seen ripples from Greater Vancouver, where prices for single-family homes are up in the range of 20 per cent in some areas.

“We’ve been there in 2007,” Crossley said.

“It gets to the point were you don’t know what to advise your client, it’s so crazy.”
Property purchase tax relief?

Kamloops-area realtors are hoping the province will bring relief to local buyers from the property purchase tax (PPT) in the coming budget.

The B.C. Liberal government has mulled changes to the PPT, in part to cool the high end of the overheated Vancouver housing market.

Suggestions by Finance Minister Mike de Jong have included increasing that tax on homes above a certain value and giving relief on the lower end.

“For young buyers buying a second home . . . that could add up to $6,000 or $8,000 said Cyndi Crossley, president of Kamloops & District Real Estate Association.

Today, the tax is assessed on one per cent of the first $200,000 and two per cent thereafter.

First-time buyers are exempt up to $475,000.

“I hope they’ll readjust,” she said of the B.C. Liberal government.

“Any savings we can give buyers will be huge.”


September 2015: Kamloops Real Estate Market Strong, CFJC

Sold Kamloops Real Estate Kirsten Mason Team Best Top RealtorCFJC News Kamloops posted this article and news story on October 1st, 2015. The story is by Tanya Cronin.

Video Link

September was a strong month for the local real estate market in Kamloops, with sales up 34-percent. A total of 248 residential properties changed hands last month – up from 183 in September of 2014. The local market is the most balanced it’s been in years – and with mortgage rates at a low, the Kamloops and District Real Estate Association President says, it’s great news for both buyers and sellers. Right now, the average sale price in the City is 386-thousand dollars.


As a team we have found that it has been very busy both with Buyers and Sellers. We sold 24 homes in September alone so it definitely was a busy month. With lower mortgage interest rates Buyers are excited and eager since they have lower financing costs. Homes under the $500,000 mark seem to sell well in Kamloops however homes over that price point are a bit challenging. The sales are also stronger in some areas of Kamloops more than others. It isn’t consistent across the board. The more expensive real estate in Kamloops takes time to sell and needs effective marketing to stand above the competition.

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