National resale housing activity improves in October. (CREA)

OTTAWA – November 15th, 2010 National resale housing activity rose for the third consecutive month in October 2010, according to statistics released by The Canadian Real Estate Association (CREA).

Seasonally adjusted national home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards climbed 4.6 per cent in October 2010. The monthly rise in activity builds on similar increases in August and September. As a result, activity now stands 13.3 per cent above July levels, when it reached this year’s low point. Three-quarters of local markets posted monthly increases in seasonally adjusted activity in October, led by Toronto and Vancouver.

As further evidence that the market is returning to normal, sales activity in October stood halfway between the recessionary low reached in December 2008, and the record level activity posted in December 2009.

Actual (not seasonally adjusted) national sales activity in October 2010 was 21.6 per below levels for October 2009, when activity set a new record for the month.

National sales activity rebounded last year without a single monthly decline and hit record levels in the second half of 2009. As a result, large declines in activity compared to year-ago levels are masking recent monthly gains in national sales activity. Record level activity late last year is expected to continue stretching year-ago comparisons over the rest of 2010 (Exhibit 1).

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Canadian home sales rise 4.6% in October. (CBC News)

But CMHC predicts sales to slow in 2011.

The Canadian housing resale market was almost five per cent more active in October compared to the previous month, the Canadian Real Estate Association says.

The 4.6 per cent increase in sales on the agency’s Multiple Listing Service follows similar rises in September and August. As a result, activity is 13.3 per cent higher compared to July, the low point for 2010.

“National sales activity is now running almost halfway between the highs and lows posted between late 2008 and late 2009,” CREA chief economist Gregory Klump said. “This suggests that the Canadian housing market may be starting to normalize.”

On a yearly basis, sales remained 21.6 per cent below the level of October 2009, the most active October ever for home sales.

The national average price for homes sold in October 2010 was $343,747, up less than a percentage point compared to a year ago. October was the fourth consecutive month in which the average resale price has remained roughly even with year-ago levels, suggesting a balanced market.

“After the wild roller-coaster ride that many housing markets have been on, normal and stable market conditions are something that many buyers and sellers will likely welcome,” Klump said.

There was 6.2 months worth of housing stock inventory at the end of the month, the group said. Inventory describes how long it would take to sell off all the homes available based on current buying patterns. In September, the figure was 6.5 months.
Housing starts to slow

At the same time, Canada Mortgage and Housing Corp. reported Monday that housing starts are expected to slow in the last three months of 2010 and fall in 2011 from 2010 levels.

The federal housing agency predicted housing starts in the final quarter of 2010 will be in the range of 176,700 to 194,700 in 2010, or approximately 186,200.

In 2011, housing starts will be in the area of 148,000 to 202,300 units, or approximately 174,800 units.

“High employment levels and low mortgage rates will continue to support demand for new homes in 2011,” CMHC chief economist Bob Dugan said in a release.

“Nevertheless, housing starts will decrease to levels are more in line with long term [population growth] next year,” he said.

The agency predicted sales of existing homes also will be lower in 2011.

It forecast sales in the range of 423,800 to 455,900 in 2010, or approximately 440,300 units.

The next year, it estimated, sales will be from about 390,600 to 483,700, or about 438,400.

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Open House Weekend: Saturday, November 13 & Sunday, November 14, 2010, Batchelor Heights, Sahali, South Kamloops, Valleyview & Westsyde

On Saturday November 13th and Sunday November 14th, 2010 we will be holding open houses in Batchelor Heights, Upper Sahali, South Kamloops (including the West End), Valleyview and Westsyde.

Kamloops Real Estate 7-900 Stagecoach Batchelor HeightsSaturday, November 13th, 2010: 11:00-12:30: 7-900 Stagecoach Drive, Batchelor Heights $334,900

This is a bright and spacious detached home in The Views at Saddleback. There are two bedrooms, but could easily be a three bedroom home. There are two full baths and the master bedroom has a cheater ensuite. more

B23-220 G & M  living room kamloops real estate home for saleSaturday, November 13th, 2010: 11:00-12:00, B23-220 G&M Road, South Kamloops, $147,900

This 2 year old mobile home has over 900 square feet of living space with 2 bedrooms & 1 large bathroom. There is an open floor plan from the kitchen to the living room w/ vaulted ceilings & a bay window. Outside there is RV parking, large sundeck, fully fenced yard more.

152-2400 Oakdale mobile home kamloops westsyde bcSaturday, November 13th, 2010: 12:30-1:30, 152-2400 Oakdale Way, Westsyde $64,900

Bright & tidy home in the popular Oakdale mobile home park. There are three bedrooms with a large rec room and a four piece bathroom with a jacuzzi tub. Recent updates incl. fresh paint, some flooring, roof, windows, doors, HW tank, new fridge & stove. more

Kamloops Real Estate 526 Battle Street West Saturday, November 13th, 2010: 2:00-3:30, 526 Battle Street West, South Kamloops West End $419,900

Centrally located in the South Kamloops West End, has a 2 bedroom inlaw suite & is close to shopping, transportation & TRU. Everything has been updated, roof, heat pump, furnace, HW tank, paint..more

Kamloops House 1795 Knollwood Cres Valleyview KamloopsSunday, November 14th, 2010: 11:30-1:00: 1795 Knollwood Drive, Valleyview, $340,000

This great Valleyview family home is located in a highly sought after location near schools, transportation, shopping and within minutes of downtown Kamloops. The property is 12, 000 square feet, and has tons of room for a large detached shop and/or pool. more

Kamloops Home For Sale 490 Garibaldi Drive Upper SahaliSunday, November 14th, 2010: 1:30-3:00: 490 Garibaldi Drive, Upper Sahali, $319,900

Solid Sahali home in nice & quiet family area. Huge fenced yard & lots of parking. Numerous updates include roof, paint, flooring, bathroom, kitchen, newer appliances & more. Large sundeck more

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To view all homes for sale in Kamloops click here.

Featured Property: 17-1440 Ord Road, Sunnyside Mobile Home Park, Brocklehurst, Kamloops, B.C. $69,900

Kamloops For Sale 17-1440 Ord RdTwo bedroom, one bathroom spacious home in Sunnyside Mobile Home Park in Brocklehurst. Open floor plan in the living room, dining room and kitchen with a vaulted ceiling. Private yard that is landscaped with a large deck and storage shed. The park does not sign site leases and will allow pets with restrictions.

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To view all homes for sale in Kamloops click here.

Kamloops and District Real Estate Associations Statistics For October 2010

The Kamloops and District Real Estate Association has posted it’s latest statistics for October 2010. The number of residential sales has dropped in comparison to October 2009 (229 units in 2009 vs. 146 units in 2010). The median sale price is also down significantly from last month. However, the median sale price can easily be affected by a large volume of high priced home sales. Click on the images below to enlarge.

Comparative analysis by property type October 2010 Kamloops Real Estate Statistics

Kamloops Real Estate Comparative Analysis By Property Type October 2010

MLS Activity October 2010 Kamloops Real Estate Statistics

Kamloops Real Estate MLS Activity October 2010

Sales by Subarea October 2010 Kamloops Real Estate Statistics

Kamloops Real Estate Sales by Subarea October 2010

Open House Weekend: Saturday, November 6 & Sunday, November 7, 2010: Aberdeen, Batchelor Heights, Brocklehurst & Valleyview.

On November 7th and 8th 2010 open houses will be held in Aberdeen, Batchelor Heights, Brocklehurst (West Briar Estates) and Valleyview.

Kamloops Open House 2620 Briarwood Ave West Briar EstatesSaturday, November 6, 2010: 10:30-12:30: 2620 Briarwood Avenue, Brocklehurst, $434,900

Beautiful custom four level split home in West Briar Estates. There are 4 lg bedrooms and 3 full baths. The main great room area has high 16 ft vaulted ceilings & numerous windows. There is a beautiful mountain view from the kitchen, dining room, great room & patio. more

Kamloops Property 1795 Knollwood Cres ValleyviewSaturday, November 6, 2010: 1:00-2:00: 1795 Knollwood Drive, Valleyview, $340,000

This great Valleyview family home is located in a highly sought after location near schools, transportation, shopping and within minutes of downtown Kamloops. The property is 12, 000 square feet, and has tons of room for a large detached shop and/or pool. more

Kamloops Property For Sale 2090 Van Horne Drive AberdeenSunday, November 7, 2010: : 2090 Van Horne Drive, Aberdeen, $379,900

Private & spacious 3,200 square foot, 3 level split home in desirable Aberdeen. There are 5 bedrooms & 3 bathrooms, including one ensuite. Recent updates include outside vinyl “chic” paint with a 20 year warranty, kitchen counter, tile flooring & 95% efficiency furnace. more

Kamloops Property 7-900 Stagecoach Batchelor HeightsSunday, November 7, 2010: 1:30-3:00: 7-900 Stagecoach Drive, Batchelor Heights $339,900

This is a bright and spacious detached home in The Views at Saddleback. There are two bedrooms, but could easily be a three bedroom home. There are two full baths and the master bedroom has a cheater ensuite. more

Click here to view more pictures of these homes.

To view all homes for sale in Kamloops click here.

Featured Property: 540 Marriott Road, Heffley, Kamloops, B.C. $234,900

Kamloops Real Estate 540 Marriott Road Heffley Beautifully renovated doll house on huge 0.6 ac rural lot with detached workshop (14 X 22) that has a 336 square foot loft. This two storey home features new vinyl siding, newer roof & soffits, new interior/exterior doors, new windows, tile, laminate, and paint throughout, new countertops & remodeled bathroom. Located 15 minutes from Kamloops city centre, 30 minutes from Sun Peaks ski resort and 15 minutes to local lakes. Take in the peace and quiet and enjoy the sound of your very own babbling brook from your covered wraparound deck. This is a solid 80+ year old home and the foundation is rock and mortar. There are two access to this property, off Marriott & Lister Roads.

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To view all homes for sale in Kamloops click here.

Kamloops Home Inspections: Reduce Your Home Energy Bills

Todd Hrycenko Kamloops Home InspectionsSpend a little bit of money on your Kamloops home and save a lot on your home energy bills. Here are some tips on cutting your energy costs year round.

A lit fireplace sucks furnace-heated air up the chimney, which is replaced by cold air that comes in the opposite direction through the same opening. Turn the thermostat down and close your damper when it’s not in use.

Soot buildup, dusty fans and loose fan belts can add hundreds of dollars to your heating costs each year. Have your furnace tuned up regularly by a heating contractor, this can save up to 10 percent on heating bills.

Heating water makes up about 11 percent of our utility bills. Switching your unit for a more efficient storage model could save you 10 to 20 percent on heating bills.

Small changes can make a big difference.

Maintenance Matters

Air filters, included on all forced air furnaces, remove dirt and lint from heated air. This keeps the fan, heat exchanger and air conditioning coil clean. It also helps clean the air of your home as air circulates through the system.   The air in houses in Kamloops and area can be very dusty due to the low humidity, and filter maintenance is essential to keeping your home healthy.

Maintenance is based on the type of filter, how often the unit is running and how you use your home. The three basic types of filters are media, electronic and electrostatic.

The standard filter on most furnaces is a 1-inch thick media filter, usually made of fiberglass. This filter should be changed when visibly dirty – usually every month or two, depending on the quality of the filter and the amount of dirt in your home’s air. Children, pets, plants and activity tend to produce more dirt that finds its way into the heating system.

Filters are designed to be installed with one particular side facing the air stream. Most filters have directions or an arrow telling you which side should be installed toward the furnace.

Todd Hrycenko, Global Property Inspections
Phone: 250-371-2787 ac.cbipgnull@ddot
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