There are quite a number of variables to consider when purchasing a residential income property.

You’ll likely want to eventually engage with a real estate agent, but prior to doing so it is important to conduct as much research as possible. Remember to approach the purchase with an unbiased attitude and evaluate your options based on factual information.
 
Here’s a look at some of the top variables to consider when evaluating potential properties.
 
1. Economic outlook. Locations that are seeing employment growth will typically have more people moving to the area – this should also increase the potential renter pool. Conversely, locations that don’t offer as much employment opportunity or have/will see large employers leaving town, will often

Want to know which of he Kamloops communities had the most selling action in the 3rd quarter of 2015?

To see what for is for sale currently in the number 1 sub division of Brocklehurst CLICK HERE or to see all of Kamloops CLICK HERE

To see the full list of all Kamloops properties sold in the 3rd Quarter of 2015 CLICK HERE

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© Kamloops and District Real Estate Association

Real estate agents say anecdotal resurgence of American buyers

American buyers enticed by the low Canadian dollar are scooping up B.C. properties, according to several luxury market real estate agents. 

Jonathan Cooper, vice-president of operations for the Macdonald   Realty Group, says he has anecdotally seen a resurgence of Americans interested in Vancouver homes. 

"There was activity from all nationalities around the Olympics, but especially because of our proximity to Washington state, a lot of Americans were here at that time... talked to agents, went to open houses," he says. 

"They're high net-worth families who have heard about Vancouver, love how beautiful it is ... and yeah, it's a second home for vacation purposes."

And now

Multiple Listing Service® (MLS®) residential sales in the province are expected to reach 100,000 units in 2015 for only the third time on record. This will also be the first time since 2007 that BC home sales surpass the ten year average. The surge in housing demand is broad-based across most BC regions, with nine of 11 boards expecting an increase in unit sales ranging from 10 to 26 per cent over 2014 levels. A record 106,300 homes traded hands on the BC MLS® during 2005.

The housing market is being underpinned by strong economic growth, improving labour markets, population growth and persistently low mortgage interest rates. British Columbia can boast the best performing economy in the country this year. Real GDP growth of 2.5 per cent this year and