Tagged : market news

Found 68 blog entries tagged as "market news".

Buy and sell Kamloops Real EstateThere are certainly several things to consider when buying and selling a house at the same time.

The process of buying a house can be difficult and stressful. Tons of research is required in terms of the location you want to live in as well as the local real estate market. Then you’ll need to go house hunting in order to find properties that are for sale, not to mention find houses that you actually like. It can be an overwhelming process.

The same can be said about selling the house you’re currently living in. You’ll need to make repairs, invest in upgrades to help boost its value, stage your home, hold open houses and more. Like buying a home, selling a home can prove to be quite a challenge. With this in mind, you’re probably wondering how the

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Kamloops Real Estate FactsHave you heard or been told things that you think "that doesn't seem right" in regards to Real Estate?

A home is likely the most expensive purchase you'll ever make. And the best way to protect yourself from costly mistakes is to go in with a solid understanding of all aspects of the home-buying process. Feel like you're swimming in misinformation?

Well lets look at a few of these "myths" and debunk them. Here is a list of the “Top Real Estate Myths.” There is no particular order. A typical consumer would not encounter all of these (and may not experience any of them) in a transaction. We could substitute many different “myths” for the list above. Some of these may surprise you, so there are general comments about each myth.

1. Experienced agents

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July 13, 2016

Canada’s residential real estate market posts strongest growth in five years in the second quarter of 2016

Central bankers expected to keep interest rates lower for longer in light of Brexit and global uncertainty

Kamloops Royal LePageTORONTO, July 13, 2016 – Canada’s residential real estate market continued to show strong appreciation in the second quarter of 2016, posting the highest national year-over-year gain seen in five years, according to the Royal LePage House Price Survey[1] and Market Survey Forecast released today.  Amid continued world economic uncertainty, the historically low interest rate environment that has fueled Canada’s real estate market growth in recent years – most notably in Greater Vancouver and the Greater Toronto Area (GTA) –

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Living with the parentsFor the first time in modern history, living with parents has overtaken other living arrangements for 18-34-year-olds, according to a Pew Research Center report released Tuesday.

In 2014, 32.1 percent of young adults lived in their parents’ homes, edging out all other living arrangements, including marriage or cohabitation, living alone, or living as single parents or with roommates.

The change is fueled by a steep decline in the portion of young Americans settling down romantically over the past 50 years.

Since 1880, when the Census Bureau started keeping track, the most common arrangement for young people was to live with a spouse or significant other. That peaked in 1960, when 62 percent of 18 to 34-year-olds did so. Now, that number has

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There is no question that home affordability in cities like Vancouver and Toronto has become unattainable for most of us.

BC property affordabilityThere is a significant supply problem which has not been adequately discussed and resolved.

With the news that foreign investors will now be taxed an additional 15% of the purchase price on residential properties in Vancouver, it looks as though a Canadian “Wall” is being built against free trade and immigration, as even the Ontario Finance Minister is suggesting that he is looking very closely at what his British Columbia counterpart has done. This is in addition to the additional taxes of current land transfer tax of 1% to 3% of the purchase price and the yet-to-be-disclosed new tax that will be applied to owners of

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Brexit and CanadaIt may be a way to attract foreign investors away from already hot markets like Vancouver and Toronto

Britain’s decision to leave the European Union last week plunged governments worldwide into a pit of economic and political uncertainty. The ripples of the referendum will have an unmistakable impact on global economies and, by association, on global real estate markets. But only temporarily.

Interest rates will remain low

The immediate impact of the post-Brexit vote on Canada’s economy will be pressure to keep interest rates at historically low levels, explained BMO chief economist Douglas Porter and senior economist Robert Kavcic in a report last week. This is, in part, because other segments of our country’s economy would feel the impact of

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Kamloops Home Buyers are onlineThe internet has changed the way we buy and sell our homes.  

If you're ready to sell your home, here are some things you should understand about today's buyers.

Today's Home Buyers are Informed 

The internet has made it easy to access information about the real estate market.  Home Buyers can and will find out what you paid for your home and when you bought it.  They will know what similar homes have sold for.  With so much information at their fingertips, they will avoid your home if you over-price it.     

Don't Rely on Computer Generated Home Values When Pricing Your Home

Why choose a Realtor

Buyers are likely to check the online estimates of your home's value.  Unfortunately, the information they are viewing isn't always accurate, the market changes

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BRitish Columbia House PricesIt’s not just Vancouver residents who are angry and frustrated about increasingly out-of-control housing costs, says an NDP MLA leading the charge on the issue.

The much bigger scope of the problem will be obvious, David Eby says, when people come out to B.C. housing forums he’s organizing for Victoria, Maple Ridge, Surrey and elsewhere that are similar to the one held in Vancouver this week.

“This is a regionwide affordability crisis we’re facing,” said Mr. Eby, whose event for his Vancouver-Point Grey riding Wednesday drew about 600 residents concerned about everything from the lack of rentals to money laundering that is allowing foreign speculators to drive up local housing costs.

“It’s the number one issue in Metro,” he said.

NDP Leader

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Selling your Kamloops homeSelling your home is not only a big decision financially, but also emotionally.

Your home is no longer the bricks, drywall, and hardwood floors you fell in love with when you bought it. You have tackled some of life’s many milestones and made memories inside the house you now call a home. Whether you have simply grown out of the house, are choosing to downsize, or you’re looking for a new location, there are many factors that may influence your decision to sell your house. Currently (1st half 2016) we are in a sellers market, inventory of homes is low and interest rates are as low!

Check your Finances: Do some research to determine the payoff amount of your loan so you can determine what your sales proceeds will be after you have paid off your

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Kamloops home for sale as-isWhat is the Purpose of Selling A House As Is

A lot of people are not familiar with selling a house as is. They don’t know what the term means. They don’t know the process behind it. They don’t understand the purpose of it.

Selling a house as is can turn out to be a problem solver. Let’s first define what it means and then discuss a couple of reasons as to why people sell their house as is.

Homeowners usually resort to selling a house as is when they don’t want to deal with the hassles and cost of fixing up a house. Essentially, this lets all buyers know that you are not willing to fix anything or lower the price for repairs.

You might have been given an old house from a relative in their will and don’t want the added stress of taking care of

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