Real Estate Blog

Spring Sprint Banner

Team Cavaliere—River City Realty is proud to present the Kamloops Spring Sprint 2017! We've chosen to sponsor this exciting event, coming up on June 11, 2017, for a variety of reasons: the most important being that we love joining in on the city's best community events! The race kicks off in the sparkling waters of the Brock Outdoor Pool on Fleetwood Avenue, continuing into cycling and running courses that wind their well-planned ways through North Kamloops against a gorgeous backdrop of clear azure water, sun-soaked patios, and lush mountains that presents the perfect distraction from your screaming thighs, burning lungs, and sweaty brow!

If taking part in the triathlon is something you're interested in, the first thing you should do is look at

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Low Housing Inventory Graphic

While Kamloops has an ideal variety of property types, one of the biggest buyer challenges is the city's current seller's market. Those who want to move to the city may be concerned about high buyer competition and limited opportunity to find the exact home they set their sights on. While you should never have to settle on a home that is anything but your dream come true, as a buyer you do have some challenges to navigate. On the other hand, those planning on selling their homes may be able to enjoy the benefits of high demand from buyers, competing bids, and the opportunity to have more control over the price their home sells for. If you're a Kamloops homeowner or you want to become one, here's what Team Cavaliere - River City Realty recommends when

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The May 9th provincial election is a perfect opportunity to address some of the critical housing issues in B.C., according to the BCREA publication, The Bulletin. The issue of housing affordability has been at the forefront of the discussions of many British Columbians, especially when it comes to lower-income demographics such as millennials and seniors, so the BCREA expects the topic to be discussed at length on the campaign trails of all major political parties over the next couple of months.

The best way that this issue can be addressed is by actively seeking the input of the public when it comes to potential solutions. The BCREA is a valuable contributor to the discussion on such solutions, believing strongly that "appropriate housing options

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Welcome to Kamloops, our precious hidden gem nestled in the middle of B.C.'s Southern Interior. We Kamloopsians are all too familiar with the many wonders of the city we call home, and when asked to pick the one place that we love most, many of us simply wouldn't be able to choose!

At Team Cavaliere - River City Realty, we are one of the many who would be unable to tell you just one part of Kamloops that we love best. That's why we want to give a tour of our city that doesn't only zero in on one, two, or three particular neighbourhoods; instead, we are going to show you every beautiful part of this town! Our tour is going to take you through the major geographic areas that make up Kamloops: the North Shore, the South Shore, and all the rest (which

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Canadian Building Permits - February 2017

As per the most recent BC REA Economics Now Update, it appears that construction intentions are cooling off significantly in BC's biggest markets... but have no fear! We may see fewer new builds popping up this year, but the Kamloops real estate market is getting hotter and hotter by the day! The low inventory that we are seeing in Kamloops and the surrounding area means that new listings are selling very quickly and at extremely competitive prices.

Have a read below for the numbers behind the BC REA news release:

The total value of Canadian building permits decreased 6.6 % from November to December, the result of declining permit activity across all commercial and residential sectors. In BC,  permit

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Congratulations! After endless hours of properties browsed and homes viewed, you've just sealed the deal on the home you've always wanted! Now that you've got your dream home in the bag... what's next??!

THE MOVE

Now that your deal has gone firm, your next step is the move! Now, whether you are moving from your old residence to a new one, getting ready to settle into your first home after renting FOREVER, or getting your new investment property ready for rentals, moving can be busy and chaotic for everyone!

To help make sure you don't miss anything during the moving process, here are a couple of tips from Team Cavaliere to keep you on track:

1) Before you do any packing, make arrangements to arrange the installation of services such as BC

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The British Columbia Real Estate Association (BCREA) has just released the numbers for real GDP growth of the United States for the final quarter of 2016 as well as for 2016 as a whole. These numbers were weaker than expected, at 1.9% growth in Q4'2016 and 1.6% growth for the year; numbers that were influenced by a variety of factors in the U.S.

Notable in this report is the prediction that this trend will not continue in 2017. Most economists are expecting the U.S. economy to achieve a growth rate of about 2.2% this year.

The pace of American economic growth could be a major factor contributing to the B.C. housing market in 2017. While an increase in growth in the U.S. usually means good things for us British Columbians, a stronger pace of

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Happy New Year everyone! We hope that you have all had a happy and healthy start to 2017!

Back at the end of last year, we shared Part I of our discussion on the new B.C. HOME Partnership Program, where we talked about the potential negative effects of the new government initiative. As the Program officially kicked off yesterday, we wanted to make sure you have all the facts before making a move into the market - and that includes the good stuff too!

So, let's have a look at what we believe are some of the most significant benefits to the B.C. HOME Partnership Program:

1) The Program will enable people to enter the market more quickly.

One of the biggest hurdles faced by first-time home buyers is scraping together enough cash for the

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Though the Christmas holidays have come and gone, you don’t have to stop your gift giving just yet! The most amazing gift that you can still give this year is the gift of life – by donating blood!

Thanks to your generous donation, a child with congenital heart failure will make it through surgery, a car crash victim will survive disastrous and life-threatening trauma, and a leukemia patient will be kept alive long enough to find the stem cell donor that will save his life. These are only a couple examples of the incredible impact your blood donation can have on the lives of so many Canadians!

At Team Cavaliere – River City Realty, we have several team members who regularly Give Life by donating blood, and we want to invite you all to join us in

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Amongst all of the chatter circulating about the B.C. government's HOME Partnership Program, we thought we would chime in with a few thoughts of our own. While it’s easy for us to simply agree with the government's move to implement this program because we are in the real estate industry, we believe that before we can agree, we must first educate ourselves and our clients on the big picture: an all-encompassing view of both the pros and the cons of this decision.

While I do very much support the B.C. Real Estate Association as well as this government initiative, I have decided to take a different approach to discussing this topic:

What are the negatives?

Negative #1:

Long-term second mortgage = increased potential for buyers to over-extend

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