Kamloops Real Estate Blog

Open House Weekend: Saturday, August 20 and Sunday, August 21, 2011: Batchelor Heights, Juniper Heights and North Kamloops

August 19, 2011 Kirsten Mason Kamloops Open Houses

On Saturday, August 20th and Sunday, August 21st, 2011 open houses will be held in Batchelor Heights, Juniper Heights and North Kamloops.

Saturday, August 20th, 2011: 1:00-3:00: 34-2210 Qu’appelle Blvd, Juniper Ridge, $379,900

Spacious level entry view unit in Juniper Heights. Quality finishing throughout this 4 level split with a nice open floor plan on the main floor, a gas fireplace, central vac and single car garage with 2nd parking spot included. more

Sunday, August 21st, 2011: 1:00-3:00: 1846 Grouse Court, Batchelor Heights, $489,900

Beautiful level entry Batchelor Heights rancher with a large, bright 1 bedroom inlaw suite with separate laundry. Hardwood flooring, and tile throughout the home. 3 bedrooms on the main floor with 2 full bathrooms, more.

Sunday, August 21st, 2011: 1:00-3:00: 1119 Surrey Avenue, North Kamloops, $229,900

Cute as a button – this North Kamloops 2 bedroom bungalow has had numerous upgrades over the past few years. In 2008 – new roof, hot water tank, furnace, central A/C. more

To view all homes for sale in Kamloops click here.

Canada’s ‘Housing Bubble’ Deemed Close to Bursting

August 18, 2011 Kirsten Mason National Real Estate News

This article appeared on CBC News on June 29, 2011.

Canada’s housing market is in a bubble that’s set to burst and prices could plunge by as much as 25 per cent, a major independent research firm warns.

“Housing valuations have lost all touch with fundamentals and household debt is at a record high,” economists at the research consultancy Capital Economics say in their most recent Canada Economic Outlook, issued Wednesday.

“Our fear is that, with the housing bubble now close to bursting and commodity prices retreating, Canada will go from leader to laggard.”

The report predicts a fall in house prices by as much as 25 per cent over the next three years.

A domestic housing boom coupled with high commodity prices worldwide have spared the economy the severe recession felt by other developed countries.

Canada’s economic success could become the thorn in its side as the threat of a downturn in the housing sector looms, the report says.

The firm says a burst housing bubble would shrink real estate investment and hurt consumption — two things that would considerably slow economic growth.

This decline in consumption would mean a slowly rising unemployment rate as well, according to Capital.

The company says Canadian house prices are overvalued by approximately 25 per cent, close to excessive levels seen in the frothy U.S. market at its 2006 peak.

Over-building is already visible; the number of unoccupied houses and condos is at a record high. It closely resembles the 1994-95 housing slump, when the construction industry experienced a severe downturn.

The report forecasts falling house prices and smaller residential investment. Real estate currently makes up 6.8 per cent of Canada’s GDP. Lower prices would mean a hit to household net worth as property now accounts for one-third of a family’s total assets, the report found.

The firm expects the Bank of Canada to stay the course in the near term, as financial worries at home and abroad will keep interest rates at their current level for a while.

Link

Featured Property: 1189 Howe Road, Aberdeen, Kamloops, B.C. $304,900

August 14, 2011 Kirsten Mason Aberdeen

This Aberdeen doll house has had numerous updates over the past couple years. All the flooring (porcelain tile and laminate) and windows were recently replaced, new hot water tank and it has a fresh coat of paint throughout. Open floor plan with vaulted ceilings, main floor laundry, underground sprinklers, large sun deck with natural gas hook up for a BBQ & storage shed. There are four bedrooms and one bathroom. One bedroom would make a great rec room for all to enjoy. There is a large, private, fenced back yard that backs on to a green belt. Beautiful unobstructed city views from many of the windows in this home. This is a great home for a first time home buyer, investor or for someone wanting to downsize. Why buy a townhouse when you can have your own detached home?

To view all homes for sale in Kamloops click here.

Open House Weekend: Saturday, August 13 and Sunday, August 14, 2011, Aberdeen, Batchelor Heights, Brocklehurst, Upper Sahali and Westsyde

August 12, 2011 Kirsten Mason Kamloops Open Houses

On Saturday, August 13th and Sunday, August 14th, 2011 open houses will be held in Aberdeen, Batchelor Heights, Brocklehurst, Upper Sahali and Westsyde.

Saturday, August 13th, 2011: 11:00-12:30: 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.

Saturday, August 13th, 2011: 1:00-2:30: 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, August 13th, 2011: 1:00-3:00: 1846 Grouse Court, Batchelor Heights, $489,900

Sunday, August 14th, 2011: 11:00-12:30: 1189 Howe Road, Aberdeen, $304,900

Sunday, August 14th, 2011: 1:00-2:30: 506 Garibaldi Drive, Upper Sahali, $389,500

This upper Sahali rancher with open floor plan has had many updates in the past few years which include; new flooring, kitchen, paint, light fixtures, some internal doors, bathroom, furnace 7 years old, appliances, landscaping and more.

Sunday, July 14th, 2011: 1:00-3:00: 2211 Greenfield Avenue, Brocklehurst, $348,900

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.

To view all homes for sale in Kamloops click here.

« 1 … 685 686 687 688 689 … 783 »