Kamloops Real Estate Open House Weekend: March 7 & 8, 2009, Aberdeen, North Kamloops & Juniper Heights

Open houses this weekend will be in Aberdeen, North Kamloops and Juniper Heights.

 Saturday, March 7th: 625 Windsor Ave, North Kamloops: 11:30-12:30

Windsor Street, North Kamloops Real Estate3+2 bedroom home in quiet area of North Kamloops. Close to elementary school and river’s trail. Main floor has all been extensively updated. 2 bedroom suite in basement. $289,900

Saturday, March 7th: 2410 Abbeyglen Way, Aberdeen: 1:00-2:30

2410 Abbeyglen Way AberdeenLarge, fully finished basement entry in Aberdeen home with 5 bedrooms, den & 3 full bathrooms. Living room, family room and formal dining room on the main floor. Fenced yard. 2 gas fireplaces, central air, central vac & underground sprinklers. $398,000

Saturday, March 7th: 22-2050 Qu’appelle Blvd, Juniper Ridge: 3:00-4:00

Qu'appelle Blvd Juniper Ridge Home for Sale4 bedroom 2 full bathroom Juniper Heights town home. Newer kitchen, open design and private patio off of the living room. Two car garage. $289,900

Sunday, March 8th: 1969 Kechika Street, Juniper Heights: 12:00-2:00

Kechika Juniper Heights Home for Sale

Beautiful family home with 3 bedrooms and two dens plus 3 full bathrooms. Two car garage, large kitchen and fully fenced yard. Immaculate home. $489,900

To view more listings in Kamloops and Area click here.

More Canadians Plan To Buy A Home: Study Conducted By Ipsos Reid

Here is an article written by Becky Rynor of the Financial Post. She summarizes a survey conducted by Ipsos Reid that details Canadians’ feelings about the current real estate market. It would be interesting to find out how Kamloops residents feel about the current real estate market here in our city.  I would love to hear your opinion. Read below for the full article.

Most Canadians believe it is a home buyers market, with more first-timers planning on purchasing their own homes, according to a study released today by Royal Bank of Canada. “The current economic environment does not appear to have dampened Canadians’ overall confidence in the housing market,” says Royal Bank spokeswoman Karen Leggett. “Canadians continue to have an overwhelming belief in the long-term value of a home and we’re seeing this in the buying intentions of many first time home buyers this year.”

In its 16th annual RBC home ownership survey, 65% of Canadians said they believe it’s a buyer’s market, with 27% saying they intend to buy a new home over the next two years. RBC says that’s up from 23% in 2008.

The survey, conducted by Ipsos Reid, shows that almost half of respondents, 48%, said it makes sense to buy a home now instead of waiting until next year.

Younger Canadians, those under 35 years old, are most likely to spark an upsurge in homes sales, with 48% saying they plan to buy a home. That’s up sharply from 36% last year. And even renters want to get in on the action: 38% of them want to buy in the next two years.

“Low mortgage rates and favourable housing prices are influencing home purchase intentions this year and may be the reason why more Canadians are poised to purchase over the next two years,” RBC says.

A large majority of Canadians, 83%, remain positive that home ownership is a good investment. That is down slightly from 85% in 2008 and from the all-time high of 90% in 2006. Fifty-four percent of respondents said they believe house prices will be lower in 2009, a substantial change from 31% in 2008.

Nationally, respondents in Alberta expressed most interest (35%) in buying. Quebec was lowest at 22%. Those in British Columbia believed most that now is a buyer’s market (78%), compared with Saskatchewan/Manitoba, where only 34% believe so.

In Ontario, home-buying intentions have increased over past year, with 30% saying they are likely to purchase a home within the next two years. That’s up from 21% in 2008.

The online survey of 2,026 adults was conducted between Jan. 6 and 9, 2009. Ipsos Reid said the results are accurate to within plus or minus 2.2 percentage points, 19 times out of 20.

Featured Property: 377 Basalt Drive, Logan Lake, B.C. $224,900

Basalt Logan Lake View

Basalt Back of Home, Logan LakeThis large Logan Lake bungalow is located in a quiet area with a beautiful view. Basalt Front of Home, Logan LakeThere are three bedrooms on the main floor, one bedroom down and two full four piece bathrooms. Recent updates include new bathroom on the main floor, new flooring, fresh paint, 90% efficiency furnace and newer hot water tank. There is over 2,400 square feet of living space in this home that sits on a 8,276 square foot lot. There is a Basalt Living Room Logan Lakedaylight walk out Basalt Bathroom, Logan Lake Home for Salebasement and patios both off of the main floor and out of the basement.

The yard is terraced into two levels and is flat, usable space.  The single car shop in the back yard has a bonus storage room in the bottom of the shop.Basalt Drive Logan Lake

Adding to the privacy of this property there is a wooded area off of the back yard. Great value at $224,900

To search for other Logan Lake listings click here.

Kamloops and District Real Estate Association Statistics For February 2009

The February 2009 Kamloops and district real estate statistics are out. No surprise that home sales are down. The median price for homes in the Kamloops city area is down by $50,000 and the median home price for homes in all of the Kamloops district is down by $28,500. Keep in mind that the median home price can be affected by high price property sales.

kamloops-real-estate-comparative-analysis-by-property-type-february-2009

Kamloops Real Estate Comparative Analysis By Property Type February 2009

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Kamloops Real Estate MLS Activity February 2009

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