Kamloops Real Estate News

BCREA Housing Market Update for November 2023

Kirsten Mason — Fri, 17 Nov 2023 18:01:41 +0000

BC Real Estate Association (BCREA) Chief Economist Brendon Ogmundson discusses the October 2023 statistics in the most recent Housing Market Update. Home sales in BC have continued to slow as the markets adjust to the jump in mortgage rates. The rates at this time are at their highest level since 2007. Sales for October 2023 were about 15% below normal [...]

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BCREA Housing Market Update for January 2023

Kirsten Mason — Mon, 20 Feb 2023 17:57:49 +0000

BC Real Estate Association (BCREA) Chief Economist Brendon Ogmundson discusses the January 2023 statistics. The BC real estate market is off to a slow start for 2023. Sales in the province are down 50.3% yaer over year. January is typically is a slower month for sales, the sales volume for this January is the lowest since January 2009. The invetory [...]

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Canada’s Ban on Foreign Home Buyers Coming in January 2023

Kirsten Mason — Sat, 31 Dec 2022 19:07:11 +0000

On January 1st, 2023 the Canadian Government is implementing a ban on foreign home buyers. Canadian citizens and permanent residents are exempt from the ban while other buyers have different rules based on their situation. International students and foreign workers are permitted to purchase a property in Canada but they have restrictions they have to satisfy before being able to [...]

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Investing in Kamloops Rental Properties

Kirsten Mason — Thu, 08 Dec 2022 01:24:16 +0000

Kamloops is a great place to invest in real estate. Low vacancy rates and lower home prices than other markets like Kelowna, Victoria, and the Greater Vancouver area make Kamloops an attractive choice for investors looking to purchase a rental property. The Canada Mortgage Housing Corporation’s 2021 rental market survey put the vacancy rate in Kamloops at 0.9. With a [...]

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5 Tips for Buying in the Kamloops Buyers Market.

Admin — Sun, 13 Nov 2022 21:45:00 +0000

Did you know that the Kamloops real estate market is trending towards a Buyers’ market! This is what we hear from the British Columbia Real Estate Association whose October 2022 statistics release states that provincially we are in a balanced market with some regional variations pushing into Buyers’ market territory. Provincially sales were down 45.8% year over year with active [...]

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BC Housing Market Showing Signs of Stabilizing Despite Decreased Activity

Kirsten Mason — Thu, 15 Sep 2022 08:33:59 +0000

Vancouver, BC – September 13, 2022. The British Columbia Real Estate Association (BCREA) reports that a total of 5,645 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in August 2022, a decrease of 40.8 per cent from August 2021. The average MLS® residential price in BC was $918,378, a 2.1 per cent increase from $899,428 recorded in [...]

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Too Tight? The Impact of Bank of Canada Tightening on BC Housing Markets: BCREA

Kirsten Mason — Tue, 18 Jan 2022 17:49:16 +0000

This report was released by the BC Real Estate Association on January 18, 2022. The report discusses the implications on the BC real estate market should the Bank Of Canada increase the interest rates. This is only a “best guess” scenario as we have found that markets will do their own thing based on the local conditions (ie low inventory [...]

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BCREA Housing Market Update for July 2020

Kirsten Mason — Fri, 24 Jul 2020 16:50:20 +0000

BC Real Estate Association (BCREA) Chief Economist Brendon Ogmundson discusses the June 2020 statistics in the latest Housing Market Update. Sales across provincial housing markets surged coming back to pre-covid numbers. This is likely due to pent up demand and low mortgage interest rates. This has pushed the market towards a bit of a sellers market across the province. For [...]

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BC Housing Markets Bounce Back in June, BCREA

Kirsten Mason — Fri, 24 Jul 2020 16:35:26 +0000

Vancouver, BC – July 14, 2020. The British Columbia Real Estate Association (BCREA) reports that a total of 8,166 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in June 2020, an increase of 16.9 per cent from June 2019. The average MLS® residential price in BC was $748,155, a 9.1 per cent increase from $685,968 recorded the [...]

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Brighton Place, Aberdeen: Bare Land Strata Homes in a great location!

Kirsten Mason — Wed, 02 Oct 2019 16:00:43 +0000

Brighton Place is located at 1323 Kinross Place in the Aberdeen Highlands development. This 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 consists of a combination of homes which include single family, duplex style and [...]

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