The Chicken or The Egg

The Chicken or The Egg Home I’m sure you are asking yourself what the chicken or the egg has to do with the housing market or financing your property.  As a mortgage advisor, the question asked most often is, “should I go fixed or variable-rate with my mortgage?” It seems this question may be as […]

Credit score, First-Time Home Buyers, Market, Mortgage Rate​

Credit score, First-Time Home Buyers, Market, Mortgage Rate Home “It takes credit to build credit” ­– a saying most of us have heard in our lifetime. It may have been what prompted you to get your first credit card. For those with good cash-only spending habits, it can be hard to understand why a declined […]

MLS, Inflation, and Interest Rates

MLS, Inflation, and Interest Rates Home The British Columbia Real Estate Association (BCREA) released its 2022 Second Quarter Housing Forecast.  124,854 units were sold in 2021, and the Multiple Listing Service (MLS) expects a decline of 22% from 2021’s record high to 97,240 units sold. 2023 is forecasted to fall an additional 12.4% to 85,150 […]

Housing Slowndown Could Wreak Havoc on Rental Prices​

Housing Slowndown Could Wreak Havoc on Rental Prices Home With rising rental demand outpacing available inventory, rent prices rose an average of 9% across the country in April compared to last year. The average monthly rent reached $1,821 in the month, continues its upward trend from the low of $1,676 seen last April during the […]

Remaining Proactive in Trying Times

Remaining Proactive in Trying Times Home Are you struggling to set aside 6-12 months of mortgage payments? With the uncertainty of job loss racing through many people’s minds these days, taking a proactive approach to this issue by putting mortgage payments aside while you’re still actively employed can help set your mind at ease. Planning […]

Real Talk​

Real Talk Home Aaron Krausert with RE/MAX Let’s talk “REAL” real estate with Kamloops’ very own, Aaron Krausert with RE/MAX. It’s easy to get caught up with all of the “SOLD” signs, the rumours of scarce housing inventory and the tales of bids well over asking. What is the state of our local real estate […]

Rate Hikes – Is There a Need to Worry?

Rate Hikes – Is There a Need to Worry? Home Aaron Krausert with RE/MAX As of today, the Bank of Canada raised the key interest rate by 50 basis points to 1.0%. This is the second hike of what many experts expect to be the trend for 2022. The bank rate is now 1.25% and […]

Pre-Approval – The Way to Get on Top of the Game

Pre-Approval – The Way to Get on Top of the Game Home To say the market is hot is an understatement. Whether you are buying your first home or have entered a new season in life which requires a house change, purchasing a home should be a very exciting time – it can also bring […]

Is It All Doom and Gloom for First Time Home Buyers?

Is It All Doom and Gloom for First Time Home Buyers? Home Housing prices are definitely not what they used to be. The British Columbia Real Estate Association (BCREA) reports that a record 124,854 residential unit sales were recorded by the Multiple Listing Service (MLS) in 2021, a 32.8% increase from 2020 sales. The average […]