Welcome To The Kamloops Real Estate Blog

The Kamloops Real Estate Blog is updated regularly and provides a wealth of information for the real estate market in Kamloops, BC, Canada and the surrounding communities.

Kamloops homes, condos & townhouses for sale. Kamloops and surrounding area MLS® real estate listings search including foreclosures.

Free home market evaluation to find the value of your home. For the latest Kamloops real estate statistics. Current Kamloops open houses. Information for buyers & sellersKamloops real estate news.

Kamloops neighbourhood information including Aberdeen, Batchelor, Brocklehurst, Barnhartvale, Campbell CreekDallasDufferinJuniper, North & South Kamloops, Paul Lake, Pinantan, Pineview, Rayleigh, Sahali, Sun Peaks, Sun Rivers, TobianoValleyview, Westmount & Westsyde.

Kamloops surrounding communities real estate information including BarriereEast Barriere Lake, Heffley and Knouff (Sullivan Lake), KnutsfordLogan Lake, McLure & North Barriere Lake.

Can’t find what you’re looking for? Please use the search function on the left.

Buying or selling Real Estate? Realtor Kirsten Mason is one of the top selling agents in Kamloops and a dedicated full time professional.

New Listing: 848 Hysop Road, Chase, BC, Views of Little Shuswap $624,999

848 Hysop road water view front chase bc recreational pool views executive home house kamloops property mls listing kirsten mason team best top realtor agentLocated just off the water with large Incredible lake and mountain views from many windows of this home. Steps from the waterfront of Little Shuswap Lake with large outdoor and indoor living space. This home is wonderfully decorated and finished with many recent renovations! A must see home on prestigious Hysop Road with room for the whole family and friends to relax and enjoy poolside.

The many renovations include: kitchen, new flooring, paint, light fixtures, stainless steel appliances, stone countertops, bathrooms and so much more! When you enter this home there is a large foyer that is open to the living space and you can see the views. The main floor features a large open floor plan with sunken living room, dining space, a large updated kitchen and additional family room. There are two large bedrooms along with a 5 piece master ensuite, 4 piece main bathroom as well as a 2 piece powder room.

848 Hysop road water view front chase bc recreational pool views executive home house updated

The basement level features an awesome family room, great for entertaining. There is a wet bar, large open space to enjoy a game of pool and the basement walks out to the pool area. There are also two additional bedrooms in the basement along with a three piece bathroom and a sauna!

Other extras include a hot tub, many fire places to keep cozy in the winter months. The outdoor space of this home is to die for, the inground pool is not your standard pool with a nice rounded shape and tons of patio space for those summer pool parties. There is additional grassy space that is separately fenced from the pool area. Perfect for the kids or pets to run. This property is one of a kind and in a desirable area. Located minutes from shopping and easy access to the #1 Highway. Chase is located a quick 35 minute drive from Kamloops. Easy access also to the Shuswap Lakes, Vernon and Sun Peaks resort. Enjoy the many amenities that this area has to offer!

Click Here to view more photos of this home.

To view all homes for sale in Kamloops click here.

New Listing: 2210 Crescent Drive, Valleyview, Kamloops, BC $449,000

2210 Crescent Drive, Valleyview, Kamloops Homes for Sale

 

New Listing: 2210 Crescent Drive, Valleyview, Kamloops, BC $449,000. Nicely updated Valleyview home with in ground pool and lots to offer.

This home features a great room open floor plan on the main floor, with updated kitchen, appliances and flooring. There are a lot of windows for natural light. The main bathroom has a shower that could easily be converted back to a tub unit. Presently there is only one large bedroom on the main floor but could be changed back to a 2 bedroom home very easily.

The main floor leads to the yard which features a private hot tub area with hillside views and an updated in ground pool with lots of deck area and large lawn area for the kids to play. The basement level has a separate entry and features two bedrooms, a 3 piece bathroom and laundry.

Other updates include furnace 2011, central a/c 2011, roof, hot water tank 2017, pool liner approx 10 years old, pool pump 2015, some windows. The basement level could easily accommodate an inlaw suite and is presently used as a bed and breakfast. Other extras include RV parking, underground sprinklers, raised bed gardens and a 2 car carport to keep the snow off! Some notice for showings appreciated.

Click here to view more pictures of this home.

To view all homes for sale in Kamloops click here.

BC Home Sales Robust and Unchanged in August, BCREA

Vancouver, BC – September 14, 2017. The British Columbia Real Estate Association (BCREA) reports that a total of 9,162 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in August, an increase of 2.4 per cent from the same period last year. Total sales dollar volume was $6.2 billion, up 22 per cent from August 2016. The average MLS® residential price in the province was $678,186, a 19.1 per cent increase from August 2016.

MLS Residential Sales August 2017 BC Home Sales“BC home sales in August remained unchanged from July, on a seasonally adjusted basis,” said Cameron Muir, BCREA Chief Economist. “Strong economic conditions are underpinning demand. However, rising home prices combined with upward pressure on mortgage interest rates is expected to temper demand over the balance of the year.”

Year-to-date, BC residential sales dollar volume was down 15.9 per cent to $51.8 billion, when compared with the same period in 2016. Residential unit sales declined 15.0 per cent to 73,267 units, while the average MLS® residential price was down 1.1 per cent to $706,839.

Kamloops Open Houses: Saturday and Sunday, September 12th and 13th, 2015, Aberdeen, Sun Rivers, Barnhartvale, and Valleyview.

This weekend’s open houses will be held in Aberdeen, Sun Rivers, Barnhartvale, and Valleyview. Addresses, dates and times are included with each listing below. Contact us if you have any questions or would like to schedule a private showing.

6065 Pringle Road, Barnhartvale, Kamloops Home for Sale

6065 Pringle Road, Barnhartvale.

Saturday, September 12th, 2015: 11:00-12:30pm.

Listed for $459,900. Link to information about this home.

406 Sun Rivers Drive, Sun Rivers, Kamloops Home for Sale

406 Sun Rivers Drive W, Sun Rivers.

Saturday, September 12th, 2015: 1:30-3:00pm.

Listed for $609,000. Link to information about this home.

2305 Drummond Court, Aberdeen, Kamloops Home for Sale

2305 Drummond Court, Aberdeen.

Sunday, September 13th, 2015: 12:00-1:30pm.

Listed for $399,000. Link to information about this home.

2744 Sunset Drive, Valleyview, Kamloops Home for Sale

2744 Sunset Drive, Valleyview.

Sunday, September 13th, 2015: 12:00-1:30pm.

Listed for $369,500. Link to information about this home.

To view all of our listings go to: Kamloops Homes for Sale.

CMHC Chief Says Housing Agency Considering Passing on Mortgage Risk to Banks, Financial Post

CMHC Chief Says Housing Agency Considering Passing on Mortgage Risk to Banks, Financial Post. This article appeared in the Financial Post on September 19th, 2014 and was written by Garry Marr.

CMHC Pass On Mortgage RiskThe Canada Mortgage and Housing Corp. is looking at changes to mortgage default insurance that would include sharing risk with banks, the Crown corporation’s chief executive told a Montreal audience Friday.

“In our role as an adviser to government, we are evaluating a range of ideas on future improvements to our housing finance system, including risk-sharing with lenders to further confront moral hazard, future sandbox changes if housing markets are to become less stable, and increased capital requirements,” Evan Siddall told the Saint James Club, according to notes posted on CMHC’s website.

The Financial Post reported this month CMHC was looking at a new formula to push some of its losses on to financial institutions, essentially forcing them to pay a deductible on mortgages insured with the Crown corporation before claims are paid.

Sources have said the Office of the Superintendent of Financial Institutions has been involved in discussions with CMHC, which it oversees, while the Canadian Bankers Association is said to be against the measure. The CBA said it has had a variety of discussions with CMHC about mortgage and housing issues.

Mr. Siddall said in his speech that while Canada weathered the 2008 financial crisis it needed to think about “the next economic storm” to ensure the housing finance system can adapt to it.

“We are re-examining our role in the Canadian housing and financial markets and looking to be part of an even more resilient system,” he said. “As much as we never want to use taxpayer money to bail out banks, governments consistently want to help homeowners in the event of a generalized housing crisis.”

Since his appointment, CMHC has raised fees for mortgage insurance to boost capital requirements while reducing some housing that it covers, including second homes. It has also tightened the rules for insuring self-employed Canadians.

“As a government entity, we need to have a different approach to risk management. Implicitly, we are in the bail-out avoidance business. Lenders pay us a premium to back them up if things go wrong,” said Mr. Siddall. “So we have an explicit responsibility to manage tail risk and survive, since insolvency is a less obvious option for us.”

He noted the government has been compensated for its risk to the tune of $18-billion in profits from CMHC over the last decade.

As a government entity, we need to have a different approach to risk management

CMHC is backing about $550-billion in mortgages while another $160-billion in mortgages, covered by private insurers, is ultimately also backed by Ottawa. The federal government backs 90% of mortgage loan insurance issued by private entities Genworth Canada and Canada Guaranty.

“Earlier this year, we measured our mortgage loan insurance programs against the yard stick of attending to Canadians’ housing needs – as opposed to wants, desires well-served by the private sector,” said Mr. Siddall. “As a result of these and other changes, our insurance-in-force has begun to decline.”

The chief executive also addressed the issue of a possible bubble in the housing sector.

“As a risk manager, let me tell you why we aren’t overly worried about a housing bubble at this point in time, based on what we know,” he said. “Our educated opinion is that growth in house prices in Canada will moderate. If we are wrong, and price growth remains strong or accelerates, we may need to look to macro-prudential counter-weights to avoid excesses. As I said, we are currently evaluating them.”

Related

CMHC could force banks to pay deductibles on mortgage insurance
CMHC sees amount of mortgages it insures shrinking this year amid tighter housing market rules
CMHC cutting back on what it covers with mortgage default insurance

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