BCREA (British Columbia Real Estate Association) released it’s latest report on Canadian Mortgage Rates and the forecast for the year to come.
To view the June 2023 Mortgage Rate Forecast PDF, click here.
Highlights:
Stubborn inflation has rates rising again
How much longer can the economy shake off the impact of high interest rates?
The Bank of Canada is back on the move
Click here to visit to BCREA’s website. To view other statistics for the Kamloops and BC real estate market click here.
If you want to be kept informed on Kamloops Real Estate, News and more visit our Facebook Page.
To search for Kamloops real estate and homes for sale click here.
“Copyright British Columbia Real Estate Association. Reprinted with permission.” BCREA makes no guarantees as to the accuracy or completeness of this information.
Vancouver, BC – June 14, 2023. The British Columbia Real Estate Association (BCREA) reports that a total of 9,191 residential unit sales were recorded in Multiple Listing Service® (MLS®) systems in May 2023, an increase of 9.9 per cent from May 2022. The average MLS® residential price in BC was $1.02 million up 3 per cent compared to May 2022. The total sales dollar volume was $9.4 billion, representing a 13.2 per cent increase from the same time last year.
“Home sales in May were surprisingly strong,” said BCREA Chief Economist Brendon Ogmundson. “Normally we’d expect to see a more persistent, negative impact from the last year of rising interest rates on sales. Instead sales staged an early recovery in the spring returning to a normal pace of sales well ahead of schedule.”
The average home price in BC has now recovered much of the decline over the past year and is now back over $1 million for the first time since April 2022.
Year-to-date, BC residential sales dollar volume was down 33.9 per cent to $30.8 billion, compared with the same period in 2022. Residential unit sales were down 28.1 per cent to 31,631 units, while the average MLS® residential price was down 8.2 per cent to $973,085.
Click here to visit to BCREA’s website. To view other statistics for the Kamloops and BC real estate market click here.
If you want to be kept informed on Kamloops Real Estate, News and more visit our Facebook Page.
To search for Kamloops real estate and homes for sale click here.
“Copyright British Columbia Real Estate Association. Reprinted with permission.” BCREA makes no guarantees as to the accuracy or completeness of this information.
The Association of Interior Realtors has released the latest Statistics for May 2023. Click on the image below to enlarge or PDF documents included in the links below.
Skyway Estates is located at 2648 Tranquille Road in Brock. This complex is a 20 unit bare land strata development featuring brand new townhouses with varying layouts. These homes are located steps to the rivers trail, waterfront and transportation! The newest units in Skyway Estates are basement entry style plans featuring a great room open floor plan on the main floor, quartz countertops throughout, two full bathrooms including a primary ensuite and lots of living space. The primary bedroom includes a large closet and an ensuite: 3 piece in unit 110 and 4 piece in units 109 & 118.
The basement level has a separate entry and rough in plumbing for a wet bar. There is an entry off the garage and a main entry with lots of space. The plans range from 2 bedrooms on the main floor, or 3 bedrooms. There is an additional bedroom in the daylight basement level, 4 piece bathroom and family room.
These townhomes that are for sale also feature a patio off of the basement level living space, single garage, units 109 & 110 offer 5 to 6 foot tall crawl space for storage and parking out front as well. All of the landscaping will be completed by the developer and the development will be fully fenced.
Contact us anytime with questions or to secure your home!
Unit 101 – Sold – November 2020
Unit 102 – Sold – December 2020
Unit 109 – Contact Us to get more information on this unit
Unit 110 – Off Market
Unit 114 – Contact us to get more information on this unit
Unit 115 – Sold September 2024
Unit 116 – Contact us to get more information on this unit
