First time home buyers

FIrst Time Home BuyerDid you know that two out of three Canadian families own a house? That is one of the highest rates of home ownership in the world. And for good reason . Real estate is a great investment.

And with increasing housing prices, it's all the more important for first-time buyers to get a foot on the first rung of the property ladder. If you want to make it big, about 80 per cent of millionaires made their first million in real estate!

See our page dedicated for first time home buyers: CLICK HERE

Found 211 blog entries about First time home buyers.

Kamloops homes for saleThe housing market, like most markets, is cyclical.

These cycles can be greatly influenced by a number of factors, including interest rates, economic conditions and consumer confidence, which can create a shortage or surplus in housing.

A seller’s market happens when there’s a shortage in housing or more potential buyers than homes. A buyer’s market, on the other hand, occurs when there is a surplus in housing or more homes for sale than buyers. A balanced market happens when there is the same number of homes for sale as there are buyers.

STOP PRESS: January 2021 - It's a sellers market RIGHT NOW

Seller’s market at-a-glance

  • More buyers than homes for sale
  • Prices tend to be higher because of increased demand
  • Homes sell quickly
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Kamloops Real EstateWhat will Kamloops Real Estate do in 2021? Is it time to sell or buy your Kamloops real estate?

Read what the BC Real Estate Association thinks and the stats for 2020

Fourth Quarter – November 2020Kamloops Home Sale

The COVID-19 pandemic and associated recession have impacted housing markets in unexpected and unpredictable ways. Despite what may be the worst recession in BC history, the housing market had a record fall season and prices are rapidly rising as pent-up demand floods into an under-supplied market.
As that pent-up demand from the loss of a spring season fades, sales will likely slow from their current pace, but activity is expected to remain strong as record-low mortgage rates and a recovering economy continue to drive sales.

BC Real estate market factsThe average Canadian

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BC real estate market newsThe B.C. Real Estate Association's latest housing forecast was released Tuesday and shows that while sales in 2020 did fall to "historic lows" in April, they have since rebounded to pre-pandemic levels and even puts the year on track to outdo 2019 sales.

Among the industries still grappling with the impacts of COVID-19 this year, the B.C. housing market is not one of them.

The Canadian real estate market dipped in April this year, amid the lockdowns and economic impacts brought about by COVID-19. Although the pandemic stopped what was predicted to be a strong spring 2020 market, transactions started to pick up around May and June.

The B.C. Real Estate Association’s latest housing forecast was released Tuesday and shows that while sales in 2020

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Interview your Kamloops RealtorThings You Should Know Before You Sign an Agreement

Buying or selling real estate in Kamloops its best to get a great Realtor.

Smart consumers will interview several potential real estate agents before they settle on which one they want to work with, and good agents are selective about their clients, too. Just as you're sizing up a good fit, the real estate agent will likely be interviewing you as well. Be wary of agents who don't ask you questions and probe for your motivation. 

The interview stage of the relationship is important for everyone involved. You can interview the agent over the phone, or get together at their office for the first meeting. Even a top-producing agent will be prepared to meet you at your home to help you make your

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What is your home worth in KamloopsThe dollar figure on your provincial property assessment notice should not be taken as your home’s market value

In early January, homeowners across British Columbia received their 2020 assessed property values, released by BC Assessment. For the most part, the province remains relatively stable. However, there are significant changes to note, including a dramatic decrease in values in the lower mainland by as much as 15 per cent and increases of 41 per cent in smaller areas such as Kitimat. Regardless of the situation, it can be a confusing landscape to navigate as a homeowner, seller, or buyer. Here is a look at some of the need-to-know points that demystify the real versus the perceived impact of the newly released property assessments.

But hold

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Kamloops Property ValueWhat is a Market Evaluation?

A market evaluation is an analysis of the real estate market that a piece of property belongs to. Market evaluations are done to determine the value of a particular property (known as the subject property) – usually for the reasons of buying or selling real estate. Market evaluations are done with a specific area in mind, over a certain period of time and often other factors used to narrow down properties to compare to the subject property.

Let me explain a Market Evaluation

Real estate agents often do market evaluations for clients or potential clients to determine the value of their clients’ home or a home that their clients are looking to buy. Market evaluations help home buyers compare potential properties so that

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Vancouver, BC – June 15, 2020.

BC Real Estate AssociationThe British Columbia Real Estate Association (BCREA) reports that a total of 4,518 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in May 2020, a decline of 45.2 per cent from May 2019.BC real estate market stats

With many markets across the country heading into 2020 with gusto, the COVID-19-pandemic has had an abrupt cooling effect upon real estate Canada-wide. Sales volume, listings, and demand are all showing obvious month-over-month dips; impacts of precautionary social distancing measures, and a national economy on pause.

Yet, not all hope is lost. There is a great deal of optimism that, should events unfold according to the predictions of the country’s public health officials, we may witness a slow crawl

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What is the right manufactured homeBuying and selling manufactured homes

Most first-time home buyers only consider site-built single-family homes, but have you considered buying a mobile home or manufactured home? Mobile and manufactured homes, while not as popular, have one big advantage: They typically offer more space or amenities for the money.

Mobile homes, also known as “manufactured homes," are built in a factory and placed on a trailer chassis to allow them to be moved. Mobile homes are sometimes placed in a mobile home park or on leased land. In these cases, the owner rents a space or leases land, but owns the mobile home itself. Alternatively, mobile home owners can place mobile homes on land they own or are buying under contract.

Today's companies manufacture homes at

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Kamloops First Time Home BuyersReady to buy a home? Be prepared: With inventory tight and prices rising, this is a tricky time to be entering the market.

Your biggest challenge is that you’re probably bringing less cash to the table, which makes it harder to compete with more seasoned buyers.

What you do have, however, is flexibility—you’re not counting on selling your current place to fund the deal. That means you can play nice guy with sellers who want to stay put until they land their next place.

Here are the best moves for you to make as you begin to enter the housing market.

1. Lock Up Your Financials

Before you start shopping, clean up your credit and save for a bigger down payment so that you’ll qualify for a better mortgage rate and avoid costly fees. Step one:

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First time home buyers in KamloopsYou may have heard of the incentive programs that the federal government has created to try to entice first time home buyers into the real estate market, but how much do you really understand? Is this something for you?

The government of Canada has a couple of programs that are designed to get first time buyers on the property ladder. Read on to see if they are right for you.

1) The Home Buyers' Plan (HBP). This is a program that allows you to withdraw funds from your Registered Retirement Savings Plans (RRSPs) to buy or build a qualifying home for yourself or for a related person with a disability. The HBP allows you to pay back the withdrawn funds within a 15-year period. So what are the rules?

  • Permits two first-time buyers in the same
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