Open House Weekend: Sunday, April 3, 2011: Batchelor Heights, Brocklehurst and Juniper Ridge

This Sunday, April 3rd, 2011 open houses will be held in Batchelor Heights, Brocklehurst and Juniper Ridge.

867 Lolo Street Brocklehurst Kamloops BC Real EstateSunday, April 3rd, 2011: 11:30-1:00: 867 Lolo Street, Brocklehurst, $359,900

Beautifully updated modern Santa Fe style Brock home in a cul-de-sac. 1 bedroom inlaw suite, basement could be a 2 bedroom. Recent updates include kitchen, all appliances, bathrooms, flooring, all windows, roof 5 years old. more

Kamloops House For Sale 7-1655 Ord Road Brocklehurst

Sunday, April 3rd, 2011: 11:30-12:30: 7-1655 Ord Road, Brocklehurst $114,900

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

Kamloops Batchelor Heights House 5-930 Stagecoach Drive Sunday, April 3rd, 2011: 1:00-3:00: 5-930 Stagecoach Drive, Batchelor Heights $334,900

Stunning three bedroom and den townhome with TONS of custom upgrades. Located in the desirable Ridge at Saddleback development and perfect for first time home buyer or retiree. Many of the upgrades include.. more

Juniper Heights Ridge Kamloops BC 2247 Omineca Dr Sunday, April 3rd, 2011: 1:30-3:00: 2247 Omineca Drive, Juniper Heights $378,900

Immaculate doesn’t even describe this Juniper Heights home. Beautiful hardwood flooring throughout the main floor that has 3 spacious bedrooms, 1 full bath and a 2 piece master Ensuite. Many recent updates in this home. more

To view all homes for sale in Kamloops click here.

Featured Property: 1198 Clearview Drive, Barnhartvale, Kamloops, B.C. $324,900

Barnhartvale Kamloops Real Estate 1198 Clearview Dr Large Barnhartvale home with over 2,600 square feet of living space and has 5 bedrooms and 3 bathrooms. There is an kidney shape in-ground pool, hot tub, in-ground sprinklers and large, private yard. Recent updates include: roof, furnace, heat pump, hot water tank, flooring and more. There is a small workshop in the carport. Daylight walk out basement, bright sunroom off of the livingroom/diningroom area and two fireplaces. One fireplace has a new high efficient wood burning stove. The master bedroom is spacious and has a 2 piece ensuite which could be converted into a 3 piece. Tons of potential in this home. Some notice for showings appreciated.

To view all homes for sale in Kamloops click here.

Canadian Housing Market Is Okay According to Economist

This article appeared on the Globe and Mail on Tuesday, March 29th, 2011 and was written by David Berman.

David Rosenberg, chief economist and strategist at Gluskin Sheff, remains a contrarian voice on the U.S. economic recovery, and he is also sticking to his argument that Canada is in pretty good shape – and that includes the country’s housing market.

That market has taken a few knocks recently, even attracting derision from the foreign press. The Wall Street Journal ran an article on Tuesday arguing that Canadian home prices are on a fresh tear, even as income growth lags record-high debt levels.

“All that has raised worry at the country’s central bank, which repeatedly has warned about rising debt levels, and among some economists, who say the market is ripe for a correction – maybe a steep one,” the Wall Street Journal noted.

However, Mr. Rosenberg counters these observations. Yes, debt levels are a concern but he notes that homebuilders have shown some discipline in cutting back production, to an extent that didn’t exist in the United States at the peak of its housing market. In Canada, single-family housing starts have fallen 20 per cent from year-ago levels.

“As such there is no evidence of any meaningful supply-demand imbalance that should undercut real estate valuation,” Mr. Rosenberg said in a note to clients.

“We see no reason why the Bank of Canada should be aggressive in raising rates, and at the same time, the demographics in favour of real estate are actually quite constructive, notably the influence from Canada’s business immigration platform. Note that in 2009, net international immigration to Canada surged 13 per cent. So not only is the country acting as a magnet for international capital inflow, but Canada is also being increasingly viewed as a stable place to do business and a desirable area to live.”

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Featured Property: 7071 Watson Road East, Savona, Kamloops, B.C. $239,900

Savona House For Sale 7071 Watson Rd. E Bright and spacious 3 bedroom home on 10,000 sq foot lot with lake views. Over 1,500 square feet of living space, 1 wired workshop, 2 storage sheds and fully fenced yard. Many recent updates include hot water tank, flooring, bathroom, paint, baseboards and more. Lots of parking for your vehicles, RV and toys. Fruit trees in the back yard and covered patio. Nice clean Savona home close to recreation.

To view all homes for sale in Kamloops click here.

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