An interesting look at how the market faired in 2021. Sub divisions of note: Sahali, Aberdeen, Brocklehurst and South Kamloops. BC Assessment info and what to expect in trends moving forward in 2022.

2021 Realestate Review

Last week, Parker made a claim that has kept him up at night. So in THIS episode Parker dives deep into statistics to show why NOW is the best time to buy a home. Facts! Figures! Charts! Graphs! Find out what the state of the market is, has been, and will be.  Listen to this episode to understand how historical data builds an accurate picture of why there will never be a better time to buy then right now.

Why now is the best time to buy Real-Estate

In this episode Parker invites guest Darin Jurasevich, a home inspector-turned-realtor based in Bellingham, WA, to chat about the different perspectives each role brings to a real estate transaction.  Both Parker and Darin have similar career paths: they each spent about 10 years working as home inspectors before entering the real estate field.  Listen for an insider's perspective on the home inspection process -- from both sides now!

Home Inspection: A Realtor's Perspective

Summary
In this episode of the Kamloops Insider Podcast, Parker Bennett discusses the latest trends in the Kamloops real estate market, including January's statistics, the significance of benchmark prices, and the changing demographics of buyers. He also explains the BC Housing Secondary Suite Initiative, detailing how homeowners can save significantly by utilizing this program.
takeaways
The Kamloops real estate market saw a 14% increase in transactions compared to January 2024.
Benchmark prices can be misleading; understanding average sale prices is crucial.
The average sale price of a single-family home in Kamloops is currently $733,000.
Days on market for homes have increased to an average of 72 days.
Buyer demographics are shifting, with more local buyers and an increase in single female buyers.
The BC Housing Secondary Suite Initiative offers a forgivable loan of up to $40,000 for homeowners.
Building a secondary suite can save homeowners $356,000 over 16 years.
The average price of a townhouse in Kamloops is $495,000, while condos average $354,700.
Understanding subdivision-specific pricing is essential for accurate market analysis.
Investors have decreased significantly in the market due to new regulations.

Do you want to know how to Save $356,000 in the next 16 years?

This week Parker Bennett, Philippa Thiessen and special guest Sarah Park from Mortgage Alliance, discuss the upcoming changes to the Mortgage Stress Tests and how it will affect the 2018 market.

Episode 2 - Mortgage Stress Tests With Sarah Park

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

In this Episode Parker Bennett and special guest Bernard Immel discuss the B20 Mortgage Rules and their predictions for the Real Estate Market in 2018.

Episode 5 - B20 Mortgage Rules and 2018 Forecast With Bernard Immel

COVID 19 and what its doing to the current state of the Kamloops Real Estate Market. What to expect in the coming weeks, what sellers should be doing to prepare and how buyers can ready themselves for post corona virus. What long term effects the corona virus may have on our local Real Estate market. .....#stay safe everyone and stay at home !

COVID 19 & The Kamloops Real Estate Market

Second edition in a series of detailed information covering the real estate market in Kamloops and how it is being effected by the covid 19 pandemic .

Covid 19 & The Kamloops Real Estate Market Part 2

My two bits .......What is happening with Realestate in Kamloops. What to do? Bit coin or a house.......A few minutes with Parker Bennett and his two bits on the market and what will happen in the future of Real Estate for Kamloops

Buy a house or Bitcoin ???

On this podcast Parker talks about the common mistakes made by first time home buyers. He elaborates on the mistakes and makes some good recommendations on how to avoid the typical pitfalls and hiccups !Special guest Sarah Park joins in the fun on the lending side of things....

10 common mistakes made by first time home buyers

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.

Do you want to know how to Save $356,000 in the next 16 years?

The Kamloops Real Estate Insider

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