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.

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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.

Open House Weekend: Saturday, March 26 and Sunday, March 27, 2011: Aberdeen, Barnhartvale, Batchelor Heights and North Kamloops

On Saturday, March 26th and Sunday, March 27th, 2011 the open houses will be held in Aberdeen, Barnhartvale, Batchelor Heights and North Kamloops.

5-930 Stagecoach Drive Batchelor Heights For Sale

Saturday, March 26th, 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

451 Alexander Ave North Kamloops Open House

Sunday, March 27th, 2011: 11:30-12:30: 451 Alexander Avenue, North Kamloops, $239,900

Cute North Kamloops home close to shopping, park & transportation. Some updates done such as flooring & bathroom sink. Pool has new liner & pump in 2010. 70 amp service. Room for a detached workshop. more

2249 Linfield west highlands aberdeen real estate new development home

Sunday, March 27th, 2011: 11:30-1:00: 2249 Linfield Drive, Aberdeen, $429,900

This brand new view home is located in Aberdeen’s newest subdivision Aberdeen Highlands. It is located right beside a golf course and elementary school. more

Kamloops home for sale 26-1555 Howe Road

Sunday, March 27th, 2011: 1:30-3:00: 26-1555 Howe Road, Aberdeen Glen Village, $189,900

Spacious three bedroom home in Aberdeen with one full bathroom. Recent updates include roof, all windows, hot water tank, paint, kitchen appliances and more. The rec room could easily be converted to a fourth bedroom or office. more

Barnhartvale Kamloops Real Estate 4744 Uplands Drive

Sunday, March 27th, 2011: 1:00-3:00: 4744 Uplands Drive, Barnhartvale $399,900

Beautiful 180 degree views from many of the rooms of this 4 year old home. Spacious floor plan with 4 bedroom plus a den with 3 full 4 piece bathrooms. Located in cul-de-sac in a quiet area of Barnhartvale. more.

To view all homes for sale in Kamloops click here.

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