Farrell Winchar

OPEN HOUSE 759 12th St Sunday 1-3pm

2013-05-02T21:02:00Z

Great family home or downsizer with suite potential. All major structural upgrades done (Roof '12, Windows '12, Hot Water Tank '13, Furnace '05, Garage Door '12. Tons of parking for your toys & underground sprinklers make maintenance a breeze. Call LB for more info.

Price Reduced on B19-7155 Dallas Dr in Dallas

2012-10-12T16:54:00Z

Dallas, Kamloops - Announcing a price reduction on B19-7155 Dallas Dr, a 930 sq. ft., 1 bath, 3 bdrm manufactured home. Now MLS® $59,900 - .

Property information

Mortgage Rule Change Causes BIG DROP in BC

2012-09-18T22:28:00Z

Reported in the Vancouver Sun September 18, 2012

Since the new mortgage rules have come into effect sales volumes have been off across the country about 9%. In BC they have been down a whopping 25% year over year.

Of these stats the area suffering the most is single family homes which took a 39% hit.

The change that has had the most dramatic effect was the reduction by CMHC from 30 to 25 year amortizations. Many new home buyers are finding themselves priced completely out of the market.

If you want more information, please go to the following: http://www.vancouversun.com/business/Mortgage+rules+exacerbating+slump+housing+sales/7256186/story.html

OPEN HOUSE 685 GLENEAGLES DR 1-3 SUNDAY

2012-09-18T15:07:00Z

Any one who want to take a look at this nicely updated house with media room potential, large lot, plenty of space to store the kids & space to add 1 more bdrm. Please feel free to drop on by. Bryce Podorieszach is the attending agent.

Price Reduced on 1811 Grouse Crt in Batchelor Heights

2012-09-17T15:23:00Z

Batchelor Heights, Kamloops - Announcing a price reduction on 1811 Grouse Crt, a 2,424 sq. ft., 3 bath, 5 bdrm 2 story. Now MLS® $409,900 - .

Property information

Price Reduced on 1811 Grouse Crt in Batchelor Heights

2012-09-07T14:51:00Z

Batchelor Heights, Kamloops - Announcing a price reduction on 1811 Grouse Crt, a 2,424 sq. ft., 3 bath, 5 bdrm 2 story. Now MLS® $414,900 - .

Property information

Fishing & Boating Lakes Around Kamloops

2012-09-01T17:48:00Z

Many people ask us where you can find the best fishing & boating lakes in & around Kamloops. For this reason we have decided to provide you with a few links to Lakes worth exploring in the Kamloops area (first 2 are your fishing lakes):

http://www.best-in-british-columbia.com/kamloopsarealakes.html

http://www.tourismkamloops.com/home_showSection_ID_505.html

http://www.thompsonshuswapeh.com/kamloops/parks/paul.htm

http://www.env.gov.bc.ca/bcparks/explore/parks/

Of the lakes listed on these sites for boating, probably the best are the 2 Shuswap lakes, Adams Lake & East Barriere Lake.

Sales In Kamloops Expected to Meet Last Year

2012-08-31T15:15:00Z

Reported on Kamloops Daily News August 30, 2012

Kamloops Real Estate Association President reported that sales in August failed to meet last years 250; however, this followed a 30% surge in July & according to the president was to be expected. The president did indicate that expectations are high that year over year sales will at least meet last years numbers.

To find out more go to: http://www.kamloopsnews.ca/article/20120830/KAMLOOPS0101/308309985/0/kamloops/real-estate-sales-ahead-of-bc-average

Sunrivers The Growing Community

2012-08-31T14:45:00Z

Sunrivers is one of Kamloops' fastest growing communities along the hillside of Mount Paul. This community currently boasts 1200 residents & according to the Kamloops Daily News & Sunrivers Development Corporation "is only 40%" complete. Plans for the future include the addition of a cafe, grocery store, wine & beer store, pool, pub, exercise centre & a hotel.

If you'd like to find out more please feel free to contact us about how you can get into one of Kamloops' nicest developments.

Overheated Housing & How it affects you?

2012-08-31T14:29:00Z

Posted July 14, 2012 The House - CBC

Royal LePage predicted that housing is flat-lining across BC. Other parties are predicting a drop in sales & prices.

Several major factors affecting future sales are the new mortgage rules including the requirement that 25 years is the maximum insurable mortgage through CMHC & the requirement changing the refinancing rules to only allow you to remove 30% of the equity to purchase new property. These factors will play strongly with 1st time buyers & people looking to purchase for the purposes of reinvestment as this substantially affects the affordability of future purchases.

To find out more please go to: http://www.cbc.ca/player/Radio/The+House/2011/ID/2256256659/?page=3 Publish

CMHC Gives Kamloops a Positive Outlook

2012-08-15T14:40:00Z

Post August 14, 2012 by Kamloops Daily News

CMHC has indicated that the Kamloops market is looking strong & should continue to be strong into the coming year. This is largely credited to current & expected employment growth in & around town.

To Find Out More Go To: http://www.kamloopsnews.ca/article/20120814/KAMLOOPS0101/308149985/0/kamloops/cmhc-gives-rosy-housing-forecast

Average home price 2% lower in July

2012-08-15T14:34:00Z

Posted to CBC.ca: Aug 15, 2012 9:59 AM ET

Last Updated: Aug 15, 2012 9:55 AM ET

A condo owner looks onto a neighbouring condo under construction in Toronto. The national average price of a Canadian home declined by two per cent in July. (CBC)

Price declines in Vancouver dragged the national average home price lower in July, even as most markets saw slight increases compared to the same month a year ago.

The Canadian Real Estate Association said Wednesday the national average price for homes sold in July 2012 was $353,147, down two per cent from the same month a year earlier.

To Read More Go To: http://www.cbc.ca/news/business/story/2012/08/15/crea-housing-real-estate.html

Housing market to moderate, CMHC says

2012-08-15T14:29:00Z

The Canadian Press

Posted: Aug 14, 2012 1:58 PM ET

Last Updated: Aug 14, 2012 1:57 PM ET

CMHC predicts housing starts and home sales will soften moderately into 2013. (Nathan Denette/The Canadian Press)

Canada Mortgage and Housing Corp. is forecasting a moderate slowdown in new-home construction starts as well as sales of existing housing.

The Ottawa-based federal agency isn't calling for a major decline, but its latest forecast suggests next year will be somewhat softer than estimates CMHC issued in June while 2012 may be somewhat stronger than previously expected.

CMHC has been saying for some time that it expects housing prices in most local markets will grow more slowly than they have been recently.

It says housing starts and home sales have been strong in 2012 — particularly when it comes to multiple-dwelling units such as condos and apartments — but will soften moderately in coming months into 2013.

"Balanced market conditions in most local housing markets will result in a slowing in house price growth as well," Mathieu Laberge, CMCH's deputy chief economist, said in an outlook released Tuesday.

CMHC provides various levels of mortgage insurance to protect lenders from defaults by home buyers. It also closely monitors residential construction activity and housing sales and provides outlooks used by various sectors of the economy.

In the latest forecast, CMHC estimates there will be between 196,800 and 217,000 units of housing started in 2012, with a point forecast of 207,200 units.

The point forecast is slightly higher than an estimate of 202,700 issued by CMHC in June, when the range was wider at between 182,300 to 220,600.

In 2013, CMHC now estimates housing starts will be in the range of 173,000 to 207,400 units, with a point forecast of 193,100 units — about seven per cent fewer than this year under the latest forecast.

The previous 2013 point forecast for 195,700 housing starts.

To Read More Go To: http://www.cbc.ca/news/business/story/2012/08/14/cmhc-housing-outlook.html

Scotiabank sees 10% house-price decline by 2014

2012-08-08T18:34:00Z

Posted: Aug 8, 2012 10:53 AM ET

Last Updated: Aug 8, 2012 1:08 PM ET

Scotiabank says pent-up demand for housing such as condos has been exhausted, and as a result expects a slight decline in prices. (Evan Mitsui/CBC)

One of Canada's largest banks expects Canadian house prices to cool, but says the housing market will avoid a sharp drop like the one that occurred in the United States.

Scotiabank said in a report Wednesday that Canadian home prices will decline a cumulative 10 per cent over the next two to three years.

"Buyers’ market conditions [will] re-emerge for the first time in over a decade," Scotiabank said in the report.

To Read More Go To: http://www.cbc.ca/news/business/story/2012/08/08/scotiabank-housing-report.html

Value of building permits down 2.5% in June

2012-08-07T21:59:00Z

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To Read More Go To: Normal 0 false false false EN-CA X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para-margin:0cm; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:SimSun; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin; mso-bidi-font-family:"Times New Roman"; mso-bidi-theme-font:minor-bidi;}

http://www.cbc.ca//story/2012/08/07/20120807-statscan-building-permit.html