Kamloops Property For Sale Real Estate Blog

The City has received a number of questions about the Performing Arts Centre and Parkade. We want to share the most common to inform voters for the November 7th referendum.

7 questions to help you decide

Performing Arts Centre & Parkade FAQs

1. Why is the City proposing a parkade and performing arts centre (PAC) complex?

There‘s a shortage of theatre space and parking in our city centre. Building an underground parkade with a performing arts centre above meets our needs and makes full use of the property.
Adding performing arts with sport tourism allows us to diversify and compliment our local economy. The complex will attract performers with speci!c requirements on venue and seating capacities. And local performers will bene!t too with access

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KAMLOOPS - Clocks in most of Canada will go back an hour early Sunday morning, but not everyone is pleased with the extra time for sleep.

"People with sleep disorders don't get an extra hour of sleep. They get an extra hour of laying there thinking about not sleeping,'' says Tara Holmes.

Holmes is one of two Kamloops residents who have created an online petition urging the provincial government to do away with daylight time, where clocks leap forward an hour in March and fall back in November.

Daylight time has been a pet peeve for Bob Dieno, the petition's co-founder, since university when he slept in on the day the clocks switched and missed the final exam in his chemistry class.

The time change is archaic and disruptive, Holmes argues,

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The Real Estate Investment Network (REIN) released the 2013 edition of its Top British Columbia Investment Towns report.

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The 110-page report analyzes the current and future prospects for real estate investment opportunities in the province over the next decade and has once again ranked Kamloops as a top investment community. However, the city’s ranking has dropped slightly, from third place in a previous edition of the report to fifth place in the most recent edition. The entire report is available for download free of charge at www.topbctowns.com.

While remaining a popular vacation destination for BC residents, Kamloops has also succeeded in attracting many non-tourism related

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When I talk to real estate investors about the deals they’re doing, I’m surprised how often they choose to skip working with a real estate agent in favor of doing the deal themselves. From a dollars-and-cents perspective, I can understand that they are counting the cost of doing the work themselves versus paying a fee to an agent. And, it’s an unfortunate reality in the real estate industry, that there are many agents who are not “investor-savvy” and operating with the investing mindset that these types of investors need.

However, I can also tell you, as someone who invested in his first door at the age of 18 and then became a real estate agent in the 1980s, there are a group of us investing-savvy agents who are simply NOT being utilized to the degree

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The biggest problem in Canada’s hottest housing markets today seems to be finding something available to buy.

The Canadian Real Estate Association offered up the explanation of a shortage of listings in Vancouver and Toronto for a 2.1 per cent seasonally adjusted decline in existing home sales from August to September.

“Although national sales activity was not as strong in September as it was earlier this year, a lack of supply in some parts of the country is likely keeping a lid on transactions,” said Gregory Klump, chief economist with CREA. “The greater Toronto area and Greater Vancouver made sizeable contributions to the monthly decline in national sales activity. They also rank among the tightest urban housing markets in the country due to a

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Property Tax News

The B.C. government, among others, is taking a close look at the province’s property transfer tax. But broadening or raising the transfer tax will have harmful economic consequences for current homeowners. The province should instead look to replace the property-transfer tax with less harmful taxes.

Many provinces and municipalities across Canada levy property or land-transfer taxes. The buyer pays a tax proportional to the value of the purchase. British Columbia has a progressive rate on transaction values.Property Tax Buyers pay 1 per cent on the first $200,000, and then 2 per cent on the rest of the value.

Many people think that transfer taxes also curb housing speculation. But there is international evidence that transfer taxes are

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The population profile of the provinces and territories could become increasingly different in the decades ahead, because of changing demographic trends.

A new article released today, titled "Recent changes in demographic trends in Canada," provides an analysis of these demographic trends at both the national and provincial–territorial levels.

From 2011 to 2014, Canada's population growth averaged 1.1% a year. However, this national average masks some major differences among the provinces and territories.

For example, Manitoba, Saskatchewan and Alberta had the strongest average population growth of all provinces during this period, for the first time since 1971.

While Alberta has had the strongest population growth in nearly all years

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OTTAWA — Snowbirds beware: The federal government will use its planned border exit-tracking system to avoid paying hundreds of millions of dollars in social benefits now going to people who shouldn’t receive them due to absences from Canada.

Newly obtained memos say the Canada Revenue Agency and Employment and Social Development Canada expect to save between about $194 million and $319 million over five years once the long-anticipated system is fully in place.

Federal officials have been working quietly to satisfy privacy commissioner Daniel Therrien’s office that personal information will be properly collected, used and disclosed under the program.

Under the 2011 perimeter security pact, Canada and the United States agreed to set up co-ordinated

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When you buy a home, your best results will come when you make it a point to make a 20% down payment. However, for some Canadians, that much of a down payment is prohibitive. So, what can you do if you can’t make such a big down payment? If you are willing to pay extra for your mortgage, you can get special insurance to help lenders feel better about approving you for a loan with less than 20% down.

The Canada Mortgage Housing Corporation provides mortgage loan insurance to lenders for home buyers with a down payment of less than 20%, to as low as 5%. It offers a way for borrowers to get away with putting down a lower down payment than a lender might like. It’s one way to boost home purchases in Canada.

However, it is important to note that this

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To inspect or not to inspect - that is the question!

The question:

I’ve been house hunting for months and finally found a great house, but I know there’s going to be a lot of interest. I know everyone says I need a home inspection, but I’m afraid I’ll lose the house if I put any conditions on the offer. Should I ditch the inspection?

The answer:

Finding the right approach to offer conditions, is hot button topic these days, especially in the Toronto market where multiple offers have become the norm. Sellers with multiple potential buyers will often look to offers with the minimum of conditions, and the home inspection clause is often one of the first to go.

My advice: Don’t succumb to temptation or pressure to ditch a home inspection. If a

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