MLS Listings, News & Statistics
The Kamloops and District Real Estate Association has released the statistics for August 2011. Click image to enlarge.
Kamloops Real Estate Comparative Analysis by Property Type August 2011
Kamloops Real Estate MLS Activity August 2011
Kamloops Real Estate Sales by Subarea August 2011
This Saturday, September 3rd and Sunday, September 4th, 2011 open houses will be held in Brocklehurst and Westsyde.
Saturday, September 3rd, 2011: 11:00-12:00: 2211 Greenfield Avenue, Brocklehurst, $346,900
Spacious, updated Brock home close to Elementary & Middle Schools, transportation and shopping. This home features a vaulted living room and dining room ceiling, updated kitchen, recently painted inside and out, new flooring, more.
Saturday, September 3rd, 2011: 12:30-1:30: 2070 Pala Mesa Place, Brocklehurst, $319,900
Tastefully updated solid Brock home in quiet cul-de-sac. 3+1 bedrooms & 2 bathrooms with suite potential recent updates include flooring, appliances, paint, window coverings, baseboards & more.
Saturday, September 3rd, 2011: 1:00-3:00: 7-1655 Ord Road, Brocklehurst $104,900
Completely renovated inside and out. There isn’t a single thing left to update in this spacious 1,100 sq foot home. There are 2 bedrooms and a den and 2 full four piece bathrooms. more
Sunday, September 4th, 2011: 1:00-3:00: 2181 Perryville Place, Westsyde, $339,900
Immaculate Westsyde home with river views…numerous updates include furnace, hot water tank, central A/C, flooring, kitchen, 2 bathrooms, patio, most windows, external doors, paint, mouldings, more.
To view all homes for sale in Kamloops click here.
Bright, clean home in Brock located on a corner lot. Recent updates include laminate floors, paint, bathroom floors, baseboards, windows replaced & more. 3 spacious bedrooms, large open living space in the kitchen & living room & a bonus sun room. Easy care lot with paving stones, irrigation to the trees & a raspberry garden. There is a large storage shed for all your tools. Located close to shopping, transportation & schools.
To view all homes for sale in Kamloops click here.
This article appeared on the CanadianRealEstateMagazine.com on August 30th, 2011.
Refinancing activity of insured mortgages in Canada dropped 40% following the federal government’s tightening of mortgage rules in March, according to a second quarter financial recap report out this week by the Canada and Mortgage Housing Corporation.
Earlier this year the government limited insured mortgage refinances to a maximum of 85% loan-to-value ratio, after previously setting the mark at 90%. Finance Minister Jim Flaherty also reduced the maximum amortization period for new government-backed insured mortgages to 30 years from 35. While buying activity did not seem to slow much after these changes, refinancing seems to have been particularly hit.
Additionally, homeowner mortgage insurance dropped 10% initially after implementation of the news rules, but by June was down a lesser 5%.
The CMHC also noted in its report that insured mortgage volumes were down 13% compared to last year and 20% below what was anticipated for the year.
Along with the new mortgage rules, the CMHC attributed weaker housing activity and a drop in its mortgage insurance share to the drop in activity.
Flaherty in June told reporters he was “satisfied” with the moderation in the housing market following the tightened rules.