The October market in Kamloops showed a slight increase in total units sold to 217 across all sectors and a 25.5% increase in active listings to 1281 compared to the same month in 2023. The residential benchmark sales price for a single-family home increased 1.3% to $662,400.00. The townhouse benchmark sales price dropped .9%, and […] The post Kamloops Real Estate Statistics: October 2024 Vs October 2023 appeared first on Kamloops and Tobiano Real Estate ..read more

August is typically one of the region’s slower real estate activity months. Most people take some vacation during the month, which slows down the buyer’s and seller’s process. Two huge takeaways are that inventory is up 30% over the same time last year, sales volume is down 14.3%, and the average price for a single-family […] The post Kamloops Real Estate Statistics: Aug 2024 Vs Aug 2023 appeared first on Kamloops and Tobiano Real Estate ..read more

TOBIANO IS A RESORT DEVELOPMENT THAT SITS ABOVE KAMLOOPS LAKE 15 MINUTES FROM KAMLOOPS. TOBIANO OFFERS ONE OF THE MOST INCREDIBLE GOLFING EXPERIENCES IN CANADA, A MARINA WITH WATER SPORTS, BLACK IRON RESTAURANT WITH EXQUISITE CUISINE AND YEAR ROUND EVENTS AND ACTIVITIES. IT SHOULD DEFINITELY BE A DESTINATION ON YOUR LIST TO VISIT IF YOU FIND YOURSELF IN THE AREA.   The Golf Course I don’t think there is any public golf course that can offer the incredible views, the difficulty and just a truly unforgettable golf experience like Tobiano can. The Thomas McBroom designed Tobiano Golf Course ..read more

Buying a home can be one of the biggest financial decisions you will ever make. The process can also be stressful and intimidating, especially if you are new to Kamloops. If you’re considering buying or selling a property in Kamloops, BC then this blog post is for you! We’ll talk about what buyers need to know before they buy and everything sellers need to know before they sell homes in Kamloops.  We’ll discuss how much homes cost on average in the area, why it’s important to use a local professional (like us!) when buying or selling your property, and what neighborhoods have properties a ..read more

MOST EXPENSIVE NEIGHBOURHOODS IN KAMLOOPS  There are a lot of factors that go into deciding where to live. One major factor is the cost of living and what you can afford to spend on your monthly mortgage, utilities, groceries et cetera. Below we have ranked the five most expensive neighbourhoods in Kamloops according to data from Kamloops and District Real Estate Association (KADREA). In this blog post, we will discuss how these areas compare with one another as well as offer some insight into each neighbourhood’s pros and cons. Whether you’re looking for a starter home or something more ..read more

The real estate market has experienced a lengthy run of multiple offers and selling prices well over asking. Is it necessary to hire a real estate agent or sell your home yourself in these hot market conditions? It is one of the more difficult decisions facing homeowners right now. Should they hire a realtor or do a For Sale By Owner (FSBO)? There are a few factors to consider, but in the end, it all boils down to two things: time and money. Listing a Home is Time Consuming According to the NAR 2021 Report, FSBOs accounted for 7% of home sales. Unfortunately, homeowners tend to put so much con ..read more

When selling your home you will need to be aware of at least three common mistakes that sellers make when listing their home for sale. If you are selling, or know someone who is selling, it is important to keep these costly mistakes in mind.   Selling Your Home Mistake #1 The majority of sellers overvalue their own property. What to Do Instead Listen to the professionals, have an open, honest conversation, and look at the statistics. A competent realtor should be able to provide a detailed market evaluation and provide backup to support the valuation. Find out how many homes of similar si ..read more

In order to be called an investment property, the property in question has to show some kind of investment return. But what does that investment return actually mean?  It could mean a few different things to different people. Does the investment show a CAP rate return? Will there be capital appreciation over the long term? Can I use the property personally and still have my expenses covered? What is the future use of the subject property (think redevelopment)? Let’s break these various scenarios down in more detail, but remember, the devil is in the details.  What is a CAP rate?  ..read more

The province of BC has just introduced new legislation to reign in short-term rentals.  The introduced legislation to regulate the short-term rental market in British Columbia appears to be a significant step in addressing the challenges posed by the rapid expansion of short-term rentals. This initiative has important implications for both the real estate market and the broader housing situation in the province. This new legislation will have an impact on communities with a population greater than 10,000ppl or with certain designations like ‘resort’ or ‘First Nations reserve land’.  ..read more

Within the Kamloops and District region, there were 113 residential unit sales recorded last month, up from the 87 recorded in December 2023 and identical to January 2023 sales numbers. There were 306 new listings recorded in January in the Kamloops and District region, which was a decrease of 6.7% compared to January 2023, yet up from December 2023’s 133 new listings. Overall inventory, or active listings, saw an increase of 8.1% compared to January 2023, coming in at 797 listings. Active listings in the Kamloops area had stagnated, but there seems to be a slight uptick in listings since some ..read more