A quick look at our current market conditions in Kamloops and compare it to our outside temperatures. Parker Bennett gives a quick and dirty on the market

Are temperatures still heating up in the Kamloops Real Estate market

Parker joins guest, Derek Strokon from Sacred Line Consulting for an intimate conversation about the things that matter most. Living and working from the top of Sun Peaks mountain, Derek speaks about the decision he made to relocate his family and work life from the hustle  and bustle of the Lower Mainland to Kamloops and now to Sun Peaks.  Parker also throws in some interesting data on the market conditions in Sun Peaks. Great Listen....

An intimate conversation about the sacred line with guest Derek Strokon

Parker discusses secondary suites in Kamloops with guest Jason Dixon, Building and Engineering Development Manger of the city of Kamloops. They explore the differences between conforming and non-conforming suites, the rising demand for mortgage helpers and affordable dwellings for homeowners. Great listen and very informative.

An informative look at non-conforming suites with Jason Dixon from the city of Kamloops

In this quick episode, Parker examines the BC homebuyer protection period announced July 21st by the BC government.   Slated to come into effect January 2023, will this "cooling off period" do any good?

In the news: 3-day cooling off period in BC

Parker welcomes guests Tina Head (real estate agent) and Mallory Johnson (office assistant) to discuss changes in this cooling buyer's market versus a hot seller's market.

What's new in this buyer's market?

In this short episode, Parker presents information about Canada's new anti-flipping tax which is now in effect.  He explains some of the exemptions to the new tax, and touches on the different ways house flippers would have previously eluded paying tax on their income from house flips.  Stay tuned for more news about this as we continue to learn more!

Canada's new anti-flipping tax

We have a guest! In this episode Parker welcomes guest Shalon Clarke, realtor and owner of the Fair Realty brokerages in Salmon Arm and Sorrento, BC.  Shalon and Parker compare outlooks for the 2023 recreational property season based on their expertise and experiences in their respective service areas. They share insights, practical tips and some quirky stories about life as realtors in the recreational property market.

Recreation Property Outlook for 2023 with Shalon Clarke

Parker and Mally J discuss the emergence of AI tools such as ChatGPT, and how they are being applied to the real estate industry now, and how those applications could evolve in the future.

AI + the future of real estate

Lisa Moonie joins Parker and Mally J to talk about pounding the pavement! Lisa is a door-knocking real estate superstar, and she shares her insight and experience relating to the art of connecting buyers and sellers by knocking on doors. Listen to why this approach to marketing real estate services really works for her as an agent, and for her clients.

Knock Knock! Why door-knocking works for buyers + sellers w/ Lisa Moonie

Parker gives a fact-filled update on the state of the current real estate market in Kamloops, and shares tips and information about securing home insurance during the summer season of wildfires. That season has already started!  This is really helpful information if you are buying or selling a home!

Hot Stuff: Insuring You Home During Fire Season + Kamloops market update

A Growing Trend in The RealEstate Market

BC home flipping tax and bigger exemptions for first time home buyers

How will your new car payment affect your home buying power? with Billie Christiansen

Recent recruits to the Royal Lepage team in Kamloops, Jenna Brown and Ashley Nordick speak casually with Parker Bennett about their early experiences in the Real estate industry. Anyone considering a career as a realtor should consider a listen as there are a number of good considerations discussed in this episode of the Kamloops Realestate Insider Podcast.

5 things you should know before becoming a real-estate agent

March Realestate report covering the most up to the minute stats on the Kamloops market from February 2024. We also delve into the definitions of benchmark price compared to average price of a home in Kamloops and compare it to some of the subdivisions sales in Kamloops for relevance .
The benchmark price in Kamloops today is $647,000 while the average price is $793,331. 
The average days homes are sitting on the market has been reduced in the past two weeks from 71 days to 53 days indicating a swift uptick in the current stat of the market. 

The spring market has arrived.......

March Realestate Market Update For Kamloops

Episode 123 The Everything You Need To Know About SunRivers Episode

Welcome to Kamloops Real Estate Insider Podcast with returning guest Lisa Moonie licensed broker, real estate agent, Sun Rivers resident. 
As well we are joined by Lawyer and Partner of Stewart and Springford law LLP Welcome Chrystie Stewart. Also a Sun Rivers resident 

Today, we're are going to dive into a very specific neighbourhood in Kamloops, we are going to look at leasehold ownership of the Sun Rivers development. The purpose of this episode  is to discuss and answer questions, rumours and myth busting about the development ownership and to give a more in depth discussion about the development, so if you were thinking about purchasing at Sun Rivers to give you a source of qualified information
 
 Sun Rivers 
Sun Rivers is located in one of the most desirable physical locations in Kamloops. With such limited development on the South facing exposure of the Thompson river, sun rivers was appropriately named for its amazing amount of South facing exposure, proximately to downtown, it’s a resort style development featuring Big horn golf and country club.  

Sun Rivers holds the 99 year head lease, plus 20 year development term, over the 460 acre parcel, the head landlord is ‘Her Majesty the Queen in right of Canada’ (the crown). The lease has been structured to most fully protect the investments of the homeowners, the investors, the lenders and Sun Rivers. The amended lease date will end on June 30, 2115; in effect, the earliest parts of the Sun Rivers Community have a total lease of up to 119 years.
 Is purchasing land at Sunn Rivers secure ?
The land has been leased back to the Federal Government "The crown and your leased ownership is with the crown and not directly with TKIB. 

How is Sun Rivers different ? 
Each Development has a style and design characteristic
Lenders ?are they limited ? 
Ownership    -     Utilities  Corex ( Hydro and Natural gas water and sewer ) TKIB has a water treatment facility, but sewer services for wastewater treatment are contracted back to the city of Kamloops.
Property Taxes, home owners grant, Property transfer taxes is applicable, GST is applicable 
Geo thermal heating .. ground source heat pump using water that circulates the ground to extract thermal energy or to discharge thermal energy in the cooling months. ( carbon taxes this is now going to more affordable ) 
Landscaping ( community fees, ) development fees, 
Services ???? 
Bus, fire, schools, parks, hiking in the area ? access is limited , was an adult orientated development, but its moving away from that currently. One road in and out 
( What is a quiet calmed community ) 
-	Third party approval for purchasing and how that works 
-	Gap insurance, Trust completion - defining these terms
Don’t want to discount the fact that the wildlife is amazing … Ovis canadensis California big horn sheep, chukars 
What happens as we get closer to 2115 ??????? how does that play out ? 

Some 2024 stats on the development shows "It takes over double the amount of time for properties to sell at Sun Rivers", we explore why that is....

The Everything You Need To Know About Sun Rivers Home Ownership Episode

When is the best time to sell in the Kamloops ?

On this episode we explore each month indepth to find out when all the sales happen in the Kamloops market. The most productive months happen between February and June when 61% of the years sales will take place. May and March are the most productive months individually, with 13.9% each, while April is a close runner up at 12.9% of the years sales happening. 

Take a look at the link for the full overview of the Kamloops market breakdown for the month of April 2024

https://parkerbennettrealestate.ca/kamloops-realestate-report-april-2024/

When is the best time of year to sell your home?

On this episode, I discuss the stats of the Kamloops market for the month of April along with some ranting about CMHC and the media's perspective of the over night bank interest rate. Will the mortgage rate go down if the Bank of Canada announces a rate drop come June of this year?

Kamloops  Market Stats with a slight rant!

Episode 125 Parker discusses the B.C.'s short-term rental legislation  ( Which will Include Kamloops BC ) , Municipal upzoning regulations due to hit the mainstream June 30 2024 & The vacancy tax and how that may effect Kamloopians. 

Last updated on May 9, 2024
Like many jurisdictions, B.C. is regulating short-term rentals to help return more short-term rental units into homes for people. Learn more about B.C.'s Short-Term Rental Accommodations Act and regulations on this page.
Overview of B.C.'s Short-Term Rental Accommodations Act 

Returning short-term rental units to the long-term market
Strengthening local government tools to enforce short-term rental bylaws
Establishing Provincial oversight of short-term rentals
Short-term rentals versus tenancies

The purpose of the Act is to: 
Return short-term rental units to the long-term housing market  
Give local governments stronger tools to enforce short-term rental bylaws 
Establish a new Provincial role in the regulation of short-term rentals 
The Act applies to short-term rentals being offered to the public including: 
Platforms where people reserve and pay for the accommodation, for example, Airbnb, VRBO, Expedia, and FlipKey  
Offers on other web listing forums, for example, Facebook Marketplace, Kijiji, and Craigslist 
Listings in classified ads in newspapers 
The Act will not apply to: 
Hotels, motels , Reserve lands 
Nisga’a Lands or the Treaty Lands
A vehicle, such as an RV 
A tent or other temporary shelter

B.C.'s short-term rental legislation
Last updated on May 9, 2024
Like many jurisdictions, B.C. is regulating short-term rentals to help return more short-term rental units into homes for people. Learn more about B.C.'s Short-Term Rental Accommodations Act and regulations on this page.

Increased fines and tickets
The maximum fine that regional districts can set for prosecutions of bylaw offences under the Offence Act has increased from $2,000 to $50,000.

Provincial & Federal Restrictions For Short Term Rentals, Zoning & Taxation

Better Rates Ahead For Canadians

June Stats ..... Landlord Alert

This week Parker Bennett and Philippa Thiessen discuss all the potential reasons why your property isn't selling and how to combat these issues.

Episode 3 - Why Isn't My House Selling

This week, Parker Bennett, Philippa Thiessen and Emma Pappalardo discuss the rental market in Kamloops as well as the challenges of Renters and Landlords

Episode 6 - The Rental Market

This week listen in as Parker Bennett, Philippa Thiessen and Alejandra Carroll discuss the art of Leverage in a real estate transaction. How do you maximize leverage? How to you turn leverage into your favor? Listen and Learn!

Episode 13 - How To Maximize Leverage In A Real Estate Transaction

Have you ever wondered if your home contains Asbestos? Exactly how harmful is it to you and your family? This week Parker Bennett, Philippa Thiessen, Allejandra Carroll, Emma Pappalardo and special guest Ashley Eaton from Rainbow Restoration talk Asbestos in the home, abatement, and remediation.

Episode 21 - Asbestos Is Not A Dirty Word

After a brief hiatus the Kamloops Real Estate Insider Podcast is back! Join Parker Bennett, Philippa Thiessen, Alejandra Carroll and Emma Pappalardo as they discuss the world of Tiny Homes. What is a Tiny Home? Where can you park them? Will we see Tiny Subdivisions in Kamloops in the future? Listen and Learn!

Episode 25 - Tiny Homes

This week on the Kamloops Insider Podcast, Parker Bennett, Alejandra Carroll and Emma Pappalardo speak to Trevor Koot Executive Officer from the Kamloops and District Real Estate Association (KADREA) about the purpose and goals of the Real Estate Board in Kamloops.

Episode 26 - Who is the Kamloops and District Real Estate Association? WithTrevor Koot

The Kamloops Real Estate Insider team is back! This week Parker Bennett, Philippa Thiessen and Alejandra Carroll are discussing short term rentals withing BC and Kamloops. Are they legal? Do you need a business licence? and how does AirBnB fit in? Listen and Learn!

Episode 27 -  Short Term Rentals And Air BnB

How important is the Strata fee when looking at a potential building? Why do some Strata's have higher and lower fees? And what is a Depreciation Report or a Contingency Fund or a Reserve Fund? Join Parker Bennett, Philippa Thiessen and Alejandra Carroll as they discuss Strata! Come listen and learn!

Episode 32 - Strata Reserve Fund Study

Welcome to 2019! This episode the podcast team talk about the Real Estate market of 2018 and make their predictions for the year to come. Come listen and learn!

Episode 35: 2018 In Review And Predictions For 2019

Parker and guests chat about the do's and do not's regarding preparing your home for its very best first impressions when listing your home. Special thank you to Sandra Pokorny from The Edit Kamloops, as we follow along many of her details regarding staging a home. " a great help Sandra Thank You "

Episode 42 Prepping your home for photo shoot

On this podcast we speak with Bernard Immel "mortgage broker" we dive into the new financing incentive plan for first time home buyers, also we cover some tragic news regarding the lost of one of Kamloops oldest schools, a dead goat in Campbell Creek, always covering Realestate data and we take in some spectacular wild game treats

New financing incentive for first time home buyers

On this episode we chat with Sheena van Dyk Business instructor ( lecturer )from Thompson Rivers University on some details of flipping campgrounds, motels and all round real estate marketing perspective. Early internet era to present day social media....

Marketing for Real ... with guest Sheena van Dyk from TRU

DEBUNKING the myths of Real Estate & Realestate agents, with guests Francis Ramunno, Andrew Karpiak, Phillipa Thiessen and Tina Head all from Royal Lepage Westwin Realty in Kamloops. This was a casual conversation with nothing edited out.....

The Myths of Real-Estate Debunked!

Join Parker this week as we chat with the newest insurance team in Kamloops from Central Agencies ( Team Coolridge ) Ben & Dawn chat about what is going on with strata insurance premiums and crazy deductible hikes in higher risk strata complexes. Very informative and serious listen for new purchasers looking to enter the strata homeownership world. What to ask your realtor before jumping into a potentially financial headache.

Strata Insurance Crisis

Parker Bennett and guests from around the housing industry discuss the ins and outs of today's real estate market specifically for the Kamloops and local surrounding markets.

The Kamloops Real Estate Insider

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