On this episode of the Kamloops real estate podcast Parker gives up the goods on being a landlord.  Parker shares 5 tips that will assist you if you are thinking about buying an investment property or buying a home with a basement suite. Parker dives into the business of owning a real estate rental property. Stay clear of future pitfalls and avoid the issues that so many face when owning their first rental property.

5 Tips to Becoming an Unbreakable Landlord

Parker looks at the first 10 days of August to see. the data behind a slight shift in the market conditions. The problem with stats is that they are usually old data. This tidbit is up to date as of now... what is the market doing?

Quick and dirty on August stats to date 2023

Episode 108 Parker talks about the. risk associated with buying a home with underground sprinklers. Very rarely do they get checked during due-diligence  periods and in many instances they require some repair. How does the risk stand up against the overall cost of repair?

What is the risk of buying a home with underground irrigation?

On this episode Parker Bennett discusses the current market conditions in the Kamloops Real Estate market, province wide zoning changes and changes to owning and operating a short term rental property in the province of BC. A great listen.

New Legislation Coming to Kamloops Home Owners

Step into the world of Kamloops real estate with Parker Bennett on the latest episode of the Kamloops Real Estate Insider Podcast, which delves into the details of the 2023 real estate landscape in Kamloops, offering a data-driven perspective.

Explore key statistics such as the benchmark price for single-family detached homes, averaging at $650,000, and the average time these properties spent on the market, clocking in at 69 days. Uncover the broader trends, including a notable 8% decrease in total sales and a corresponding 7% drop in the average single-family detached home price compared to the previous year.

Parker doesn't stop there – he looks ahead to 2024, providing insights into the potential stabilization or decrease in interest rates and the impact of new zoning requirements on housing dynamics. Whether you're a homeowner, investor, or simply intrigued by Kamloops real estate, this episode promises invaluable insights and a roadmap for navigating the ever-evolving market.

Join Parker Bennett on the Kamloops Real Estate Insider Podcast as he breaks down the numbers, analyses market trends, and offers a comprehensive outlook on what's to come. Don't miss out on this episode – your guide to understanding the pulse of the Kamloops real estate market.

2023 Realestate Year In Review

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

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.

New tracks tagged #kamloopsinsider