But prepare for an “uptick” in interest rates

The Canadian 2015 election. “It was a very clear verdict that Canadians were seeking real change,” said Pramod Udiaver, CEO of online advisor service, Invisor. “The Liberals campaigned and won with a focus on the middle-class,” says Udiaver, “with many of their promises attempting to make a meaningful difference for middle-income families.”

While most Canadians still struggle with paying too much in taxes, trying to maximize savings while making sound financial decisions, the new Liberal majority government will have real impact on the nation’s real estate market.

Continued interest by foreign investors

“From a fiscal point of view, the Liberal government will be moving Canada from a modestly

According to Statistics Canada, 69 per cent of Canadians own homes, so most of us have reason to worry about the fate of the housing market. Landlords, in particular, make a conscious choice to invest in real estate that goes beyond just a place for their families to live. As a result, landlords should be paying close attention to the conflicting views and data on Canadian real estate.

One in 20 Canadians own rental real estate according to the Financial Industry Research Monitor. An Altus Group study shows that for households earning more than $100,000 per year, rental real estate ownership is twice that of the general population – about 10 per cent.

So the question is: buy or sell?

Buy

Donald Trump may very well be the next

Many home buyers are attracted to foreclosed properties because they can offer great opportunity. But don’t get too excited yet, though foreclosed homes really offer great deals, they also come with challenges. Knowing what you will deal when you decide to buy a foreclosure can prepare you in the process.

There are no disclosures

With a traditional sale, you’ll get disclosures from the sellers. With foreclosures, there’s none. It’s like not knowing what you’re getting into because you will not have any knowledge if the house will need some serious fixing. The bank will not give you the history of the home nor the problems you might encounter when you move in so you have to be prepared.

You can work with your agent on this. Search as much as

“This house is lovely, I’m going to buy this!” one buyer decides within 5 minutes of viewing the property. Sounds crazy? Believe it, it does happen.

It is easy to fall in love with a property within few moments of seeing it and buyers forget to be objective. A home is one of the biggest purchase people make, do not make a decision on a spur of the moment you will likely regret in the end.

When viewing a home, it is recommended to spend more time viewing every nook and cranny of the property. So many spend so little time viewing a house and they live to regret it. After buying the house, buyers experience one problem after another – anything from dodgy wiring to noisy neighbors – which could have been avoided had they spent more time researching the

 What is the correct price for your home...

Billy Buyer is looking for a new home. He has been pre-approved for a $360K purchase.  He has already expressed his desire to not even look at anything above his affordability level, so we’ve added just a bit of room to the price to allow for negotiating and will only be viewing those homes at or below a $375K limit.

Unfortunately, your house is priced at $410K, which is way above his $375K cap, and which is also about $50K above the market value.  Only you and your agent know why you priced it so high, but I do know your home would be PERFECT for Billy, and I also know it’s definitely overpriced.  Billy won’t see it, and therefore won’t buy it.

Not pricing a home properly for sale can be the biggest

Kamloops and District Real Estate statistics for October 2015

In the month of October the Kamloops real estate market slowed down from September As can be seen from the latest news from Kamloops and District Real Estate Association (KADREA) there was a  drop in sales in the Kamloops property market, not untypical for this time of year. As can be seen by the following chart there was an overall drop of around 20% of sales over September.

Kamloops And District Real Estate Association
Kamloops Residential Sales by Sub-Area - Monthly - October 2015
Generated on: November 1, 2015

Brocklehurst keeps the highest number of sales as it did in September 2015 even after a 36& decrease. The difference between September 2015 and last months sales

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

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

High demand coupled with a lack of inventory. Sound familiar? That combination is not just the domain of the residential housing market, but also the multi-residential property market in Vancouver, as investors, big and small look to get a piece of the action.

According to Avison Young’s Fall 2015 BC Multi-Family Investment Report, demand for multi-residential properties in Metro Vancouver and throughout the province remained exceedingly strong in the first half of 2015. Private buyers – both local and foreign – and, to a lesser extent, institutional investors and REITs, were increasingly willing to accept record pricing and highly compressed capitalization rates as the cost of entry to British Columbia’s coveted multi-family real estate market.

Rising

Whats the difference between Assessed, Appraised and Market values???

Usually, market value is determined by what a buyer is willing to pay for a home, and what the seller is willing to accept. The recent agreed upon sale price of a home is usually the best determinant of a property's market value. However, there are circumstances where the price paid for a home is not the true market value. For example, there may be a special relationship between the parties which resulted in a much lower value being paid. Also, a buyer may have been willing to pay a premium for a property for some reason, and so it sold for much more than it would otherwise be worth.

There are several things to consider when determining the pricing of your home for sale. The most