Kamloops, BC Real Estate News

By Tom Ikonomou Vancouver, Pro-active Real Estate Marketing
(RE/MAX City )
Since I get asked this on a regular basis, I wrote this blog. Market slowed down now Huh?  Well that depends on what you intentions are. As a seller you may have to lower your price however you will gain the difference when buy you next home. If you are upgrading, the 10% price drop could cost you $30,000 on your $300,000 dollar home but if you buy a $500,000 dollar home you gain $50,000 If you downgrade you might not save as much since there is always the land value which holds it's own. In which case you can always rent it untill the market turns around.On the flip side, if you are renting now is the time to buy and enjoy the pride of home ownership. With rates as low as they are, it does not make sense to be at your landlords mercy.Like any investment, you have to analyze your reason...
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By Tom Ikonomou Vancouver, Pro-active Real Estate Marketing
(RE/MAX City )
It took 22 years but it has finally happened. The freeway between Kamloops and Vancouver is now Toll Free! Will that help the Kamloops market?. From the lower mainland, Kamloops is only an hour and a half drive and paying $10 each way spoils that sunday drive. Kamloops has come along way from that 'little mill town" and I think Kamloops will benefit when more and more Vancouverites discover just how much Kamloops has to offer.
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