Kamloops Real Estate Blog

Kamloops Home For Sale: 4079 Yellowhead Highway, Rayleigh, B.C. $239,900

April 30, 2014 Kirsten Mason Rayleigh

Kamloops Home For Sale: 4079 Yellowhead Highway, Rayleigh, B.C. $249,900. Nice one level rancher in Rayleigh with a number of updates.

This home features a number of updates including an updated hot water tank 2013, furnace 2006 / 07, roof, flooring, paint, some closet doors, windows, outside doors, and more. There are three good sized bedrooms, a dedicated laundry room, large kitchen with lots of storage, good sized living room and dedicated dining room.

The home has a good sized driveway with lots of parking for your RV and toys. There is also access behind the home by the back lane.

The yard is a great size for an above ground pool and garden. There are two fruit trees, an apricot and an apple. There is lots of storage in the storage sheds. Great home for first time home buyer or downsizer. Day before notice please regarding shift worker.

Rayleigh is a small community situated off of the Yellowhead Highway, 15 minutes north of the Kamloops city centre. Located between the CN Railway and the east bank of the Thompson River. Rayleigh is located directly across the river from Westsyde.

Rayleigh has a gas station, a convenience store and pub/restaurant all other shopping and services are located within a 10 to 15 minute drive of this neighbourhood.

Rayleigh Elementary(306 Puett Ranch Road) is the only school in this area. Secondary students take the school bus to school after grade 7. Students attending secondary school take a short school bus ride to school.

Dirt biking, hiking, biking, ATV riding, snowmobiling and fishing are all a short drive away. Rayleigh is rural living but close to the city. This safe peaceful neighbourhood is very appealing to many families and retirees.

There is public transportation in the Rayleigh area. This home is located across the street from the bus stop making it very easily accessible.

To view all homes for sale in Kamloops click here.

CMHC to Limit Mortgage Insurance Product Offerings Effective May 30; CMHC Will Stop Offering Mortgage Insurance on Second Homes

April 27, 2014 Kirsten Mason Information For Buyers, Mortgage Information

This article appeared on CBC.ca on April 26th, 2014. CMHC to limit mortgage insurance product offerings Effective May 30, CMHC will stop offering mortgage insurance on second homes

Canada Mortgage and Housing Corporation will no longer offer mortgage insurance on second homes, the crown corporation said on Friday.

It will also discontinue selling mortgage insurance to self-employed people without third-party income validation. The new limitations mean borrowers will also no longer be able to act as co-borrowers on other applications.

These changes, which will take effect on May 30, are part of the ongoing review of the mortgage loan insurance business. CMHC said self-employed Canadians can still qualify for insured financing with a validation of their income using traditional methods.

As well, the two products will still be available to those who submit requests prior to May 30, regardless of the closing date of the home purchase.

CMHC said these two products account for less than three per cent of its insured business volumes in units. “Given the limited use of these products, their discontinuation is not expected to have a material impact on the housing market,” CMHC said in its release.

The changes come as Canadian home buyers face an increase in mortgage insurance premiums.

In February, CMHC announced it would hike premiums for default insurance by an average of 15 per cent effective May 1. The increase would hit buyers who have a downpayment of less than 20 per cent.

Kamloops Home For Sale: 703 Bramble Court, Aberdeen, B.C. $444,900

April 27, 2014 Kirsten Mason Aberdeen

Kamloops Home For Sale: 703 Bramble Court, Aberdeen, B.C. $444,900. Bright and spacious family home in a quiet Aberdeen neighbourhood. This home features 5 total bedrooms, 3 on the main floor and 2 in the basement, allowing room for the entire family!

The living room is a large space with vaulted ceilings and a gas fireplace. The kitchen has wood cabinetry, an island, a breakfast nook, as well as access to the covered patio overlooking the backyard. Dining room is a separate, formal space off of the kitchen. The master bedroom has a full 4 piece ensuite and there is another 4 piece bathroom on the main floor.

The daylight basement features 2 bedrooms, a 3 piece bathroom with a jetted soaker tub, an office, the laundry room, and a large rec room. The backyard is fully fenced and has a storage shed. There is a double garage as well as RV parking. Call to book an appointment!

This home is located a few blocks away from Pacific Way Elementary School making it a short walk for students. There is also bus service for Secondary School Students who are between grades 8 to 12.

The Tournament Capital Centre and Thompsons River University is located a short drive away, only seven minutes drive. There is also public transportation to access TRU and the TCC. Public bus service is only a half block walk away from this home. The bus route conveniently runs along Abbeyglen Way.

There are some nice hiking trails nearby this home as well as playgrounds at the local schools.

To view all homes for sale in Kamloops click here.

Kamloops Home For Sale: 644 Brandon Ave, North Kamloops, B.C. $299,000

April 25, 2014 Kirsten Mason North Kamloops

Kamloops Home For Sale: 644 Brandon Ave, North Kamloops, B.C. $299,000. Cute true rancher on a beautiful street close to river trails, shopping, transportation and schools.

This home features 3 bedrooms and 1 bathroom. Nice bay window with a bench in the living room lending lots of natural light. The kitchen is very large with lots of cabinetry. There is a convenient mud room located off of the kitchen to keep things tidy.

There are numerous updates including paint, flooring, bathroom, some windows, driveway and the hot water tank. The yard is fully fenced that is very private to the neighbours. There is a large patio, raised boxes for a garden, peach tree and lots of grass for the kids to enjoy.

There is a single car insulated garage and room for an RV. Some notice for showings appreciated. Flexible possession.

North Kamloops is home to a number of retailers. Extra Foods, Shoppers Drug Mart, Canadian Tire, Safeway are larger retailers located in North Kamloops. There are also a number of financial institutions such as TD Canada Trust, CIBC and Bank of Montreal. North Kamloops has a lot of restaurants as well, such as Whitespot, Dennys and other smaller restaurant establishments.

Northills Mall is one of the main shpping areas in North Kamloops and it services many of the residents of this area as well as Brock, Batchelor Heights and Westsyde. Many residents of this area don’t need to go to Sahali, Southgate or Dufferin for shopping. Saying that, the big box stores are within a ten to fifteen minute drive of all North Kamloops neighbourhoods.

There are also a number of professional offices in the North Kamloops area that will serve all your needs.

North Kamloops is serviced by BC Transit busses on a frequent and regular schedule. Click here to view the BC Transit website. The main bus loop is located at Northills Mall near the intersection of Tranquille Road and Fortune Drive. There are a few different bus routes servicing the area.

To view all homes for sale in Kamloops click here.

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