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Building Info
Paloma Building at Talasa - 1040 Talasa Court, Kamloops, BC V2H 1R2, Canada. Crossroads are Talasa Court and Sun Rivers Drive. Talasa is a planned residential community located at Sun Rivers Golf Resort in Kamloops, British Columbia. Talasa includes 6 residential condominium style buildings totaling 450 residences. A vibrant 25,000 sq. ft. Village Centre which will be a focal point within the Sun Rivers development that is inviting to both residents and visitors to shop, dine, be entertained, attend events and utilize the professional services. Residence Types: Studio, Studio + den, 1 bedroom, 1 bedroom + den, 2 bedroom, 2 bedroom + den and 3 bedroom apartment style homes. Developed by Cambri Development Group.
The community is located 5 minutes from downtown Kamloops, within close proximity to the Kamloops Airport, major highway transportation routes, shopping, medical services and the Thompson Rivers University campus.
Other buildings in complex: Alamar Building at Talasa - 1030 Talasa Court and Navarro Building at Talasa - 1000 Talasa Court
A strong spring start in the GTA: Can the market survive without rate-cut optimism?
According to the latest press release from the Toronto Regional Real Estate Board (TRREB), there’s been a quaint uptick in home sales and listings on both an annual and monthly basis, with selling prices making a shy nod upwards compared to the year prior.
This is ostensibly buoyed by population growth and what’s described as a “resilient” regional economy — phrases that seem to gloss over the ongoing saga of individuals grappling with the reality of higher borrowing costs, a souvenir from the Bank of Canada’s rate hikes.
Big data drives operating efficiencies as properties automate controls
Arthur Erickson Place is echoing the trees through a low carbon footprint that recently saw it designated a Zero Carbon Building by the Canada Green Building Council, which also administers the long-standing LEED (Leadership in Energy and Environmental Design) program.
A three-year decarbonization process that began in 2022 and completes in 2025 will reduce energy use by 40 per cent and cut carbon emissions by 97 per cent, or 600 tonnes annually.
Civil suits filed by B.C. Housing allege 13 of the units at Vivid at the Yates on Johnson Street went to people who already owned property, or who rented out their units instead of living in them.
One of the purchasers of a unit in a downtown building subsidized for first-time homebuyers already owned six single-family homes in the Victoria area worth more than $7 million, says a civil suit filed by B.C. Housing.
It’s one of several lawsuits filed by B.C. Housing against 13 people who bought condos in Vivid at the Yates at 845 Johnson St.
Canadians pause homebuying plans amid rising borrowing costs: Royal LePage
Over the past two years, the rising cost of borrowing has led many Canadians to reconsider their plans to buy a home.
A recent survey by Royal LePage, conducted by Leger, reveals that since the Bank of Canada started increasing its key lending rate in March 2022, 27 per cent of adults in the country have been active in the housing market. However, more than half of them (56 per cent) have had to delay their property search due to the surge in interest rates.
Real Estate Investment Rates: Cap Rate vs. IRR Explained
In the dynamic world of real estate investment, understanding the ebb and flow of interest rates is crucial. These rates, set by central banks and swayed by the broader economic environment, serve as the heartbeat of the market. They dictate not just the cost of borrowing, but also the very attractiveness of real estate as an investment option.
Exploring the real estate world without a keen eye on interest rates is like setting sail without a compass. Whether you’re a seasoned investor or just dipping your toes in the property market, grasping how these rates influence everything from property values to investment returns is key to making informed decisions. Let’s jump into the intricate dance between real estate and interest rates, and uncover how you can leverage this knowledge to your advantage.