Chris Lafratta
867 Victoria st. V2C 2B7 Kamloops, BC, Canada

Say it ain't so! "Canada’s government bond market is seeing yields surge, and it’s going to be felt in real estate. The Government of Canada‘s (GoC) 5-Year benchmark bond yield jumped yesterday. We know, we already covered rising yields just a few days ago. I promise this is kind of a big deal, and I’m not just harping on it. Yesterday’s increase is noteworthy due to the sheer size. The daily move was big enough to drop mortgage borrowing power by over a point. Compared to last year’s low, mortgage sizes have rapidly shrunk, largely over the past month. This is likely to act as a cooling measure for the upcoming spring market."

Kamloops Investment Property: $749,000 Pre-inspection Complete! 944 Fraser st.... MLS# 160555 Amazing opportunity to own a 6 bed 5 bath centrally located suited property with a detached shop across the lane from a school, walking distance to all things downtown. #KamloopsRealEstate #RealEstateInvesting #InvestmentProperty #DetachedShop #PreInspected

How to survive as a buyer in this insane real estate market:

Hello Everyone, Pre-inspection report is now complete for 944 Fraser st. You can access all relevant documents through the Google Drive link below. I have the title, BIR, PDS, pre-inspection, Direction Regarding Presentation of Offers, inventory of inclusions etc.... Amazing opportunity to own a 6 bed 5 bath centrally located suited property across the lane from a school, walking distance to all things downtown on bus route. Zoning allows for secondary suites. Has detached 19' x 23' shop with adjoining 16' x 10' storage room. Upstairs pays $2,600 downstairs pays $1,200 all inclusive. Brand new boiler installed Feb 18. Matterport 3D tour is only of upstairs suite. Each suite has its own laundry and kitchen. https://drive.google.com//1Hok1SUKbm5JQwN6lRx8Owm9DfIK8Qt_ #KamloopsRealEstate #RealEstateInvesting #InvestmentProperty #DetachedShop #WalkoutBasement #BusRoute

We should get ready for a Post-COVID immigration boom: That new wave is likely to include a significant proportion of relatively well-off, middle-class people with assets to bring to Canada that will give them home-buying power when they get here. A lot of would-be immigrants are preplanning, said Vishey Singh, a realtor with Team 3000 who sells primarily in the southern suburbs of Surrey, Delta and Langley, where house prices have been shooting up in recent months.

When will it end? "Canadian real estate brokerage Royal LePage expects home prices to rise 5.5% in 2021, building on unexpectedly strong growth this year, driven by a shortage of properties for sale and record low interest rates."

Did you vote on the Best Burgers in Kamloops?

Top 10 Commercial Deals in BC in 2020:

The average single-family residential home in Kamloops is valued at $488,000, compared to $461,000 a year earlier, equating to a six per cent increase. Strata condos and townhouses in Kamloops also rose, on average, by six per cent, valued at $285,000, compared to $269,000 a year earlier. Assessments are based on market values as of July 1 the previous year.

The wonders of printing money...

Books on the go:

Will have to try this one:

The real estate market is proving itself lively across the country:

The condo downturn is hampering some buyer's plans: Eager to move his young family into a house with a backyard amid the pandemic, Dale-Paul Jordan listed his Toronto condo for sale last month and prepared to start bidding on detached homes. But the condo didn’t sell or get a single viewing. And when another seller in the building slashed their asking price, Jordan and his wife pulled the unit off the market and decided to delay their dream until spring at least.

A second wave of COVID restrictions will put some businesses on the ropes: A new survey from Statistics Canada finds nearly one-third of businesses do not know how long they can continue under existing conditions brought by the second wave of COVID-19. The survey says 30 per cent of Canadian businesses are unsure if they can keep operating at their current level without considering layoffs, closure or bankruptcy, with nearly one in five reporting they would be compelled to take drastic action in less than six months.

The strange effects of COVID on real estate: - Canadian job market continued to strengthen in Q3 after historic losses resulting from COVID-19's first wave - Assets with financially stable tenants on longer-term leases to continue to attract investors in the remainder of 2020 - Consumer and investor confidence expected to return at some point during 2021 assuming some form of resolution of the pandemic and a subsequent improvement in the economic outlook

How will the vaccine affect real estate: In just a matter of months the coronavirus pandemic dramatically changed the landscape of the housing market, especially in big cities. But now news of a promising vaccine could turn the market on its head again. Nationally, home prices have never been higher, driven up as surging demand due to record low mortgage rates comes up against historically low inventory of homes for sale.

Flattening the curve or flattening small business: As the second wave of the coronavirus pandemic was taking hold in Canada, with Toronto once again prohibiting indoor dining, Peter Tsebelis and his team at King Street Company Inc. decided they had little choice but to file for creditor protection. It was a stunning reversal of fortune for the network of trendy restaurants including Italian eatery Buca and Jacobs & Co. Steakhouse. Less than a year ago, plans were under way to open more concepts in and around Canada’s largest city. Alongside the entire hospitality sector, the COVID-19 pandemic has put us in an extremely difficult situation that was beyond our control, Tsebelis said in a statement on Nov. 9.