Karelyn Campbell

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Bank of Canada Rate Increase
The Bank of Canada has raised it's benchmark interest rate by 50 basis points to 3.75%.

This is the sixth increase to the benchmark rate since March of this year as they aim to reign in inflation. The next Bank of Canada rate decision is expected on December 7 and a statement from the bank makes it clear that rates "will need to rise further", although it's anticipated that the size of the increases will be smaller.

What does this mean for homeowners and homebuyers?

Homeowners on a variable rate may be nearing or at their trigger rate - the level at which their monthly payment will no longer cover the interest.

While the cost of borrowing remains high, homebuyers may rejoice as falling home prices may allow young people priced out of the market to realize their dreams of homeownership once the market settles.

Want to take a closer look at your specific situation? Send me a message and let's chat!
 
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New property listed in Na Cedar, Nanaimo

I have listed a new property at 2175 Village Dr in Nanaimo.
3 Bedroom 3 bathroom home in Cedar Village Estates . Ideal layout with living on the main and bedrooms up. Open concept with spacious kitchen, large island, and stainless appliances. Electric stove w/natural gas hook up available. Living room has an attractive gas fireplace with stone surround, and access to the large deck. Perfect layout for families and entertaining. Upstairs are 3 generous bedrooms, including a large master with ensuite and walk in closet. Separate laundry room on the main level with plenty of space for additional storage cabinets. 2 car garage is sure to provide plenty of space for all of your vehicles, and 3ft crawl space for added storage. 2 mini split heat pumps allows you to independently set the temperature up and down, plus baseboard heating throughout. Outside, you’ll find a nice size yard that is fully fenced and landscaped. Great location where you can enjoy Cedar's rural setting, and be within walking distance to groceries, banking and restaurants
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New property listed in Na Chase River, Nanaimo

I have listed a new property at 1947 Healy Rd in Nanaimo.
This turnkey property has 5 beds, 3 baths, +2100sq ft and is ready for you to call home. Beautiful great room w/mountain views, gas fireplace, natural light and deck access. Brand new high-end kitchen w/ soft-close solid maple cabinets, 2 pantries and quartz-counters; equipped with undermount sink, stainless appliances and tile backsplash. New luxury vinyl plank flooring, baseboards, trim and en-suite! Downstairs, is a spacious den, laundry room, and 2 more large bedrooms, perfect for guests, home business, or an in-law suite. Gas furnace and fireplace provide affordable heat. The exterior has freshly painted trim and a new roof (2021). 2 car garage with EV charging station, plus RV parking for all of your toys! New landscaping in the front with auto-timed irrigation. The level yard backs on to a mature wooded space and has new garden beds, storage shed, gas bbq outlet, and fruit trees. Quiet no-thru road, steps from trails and parks ideally suited for outdoor recreation.
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New property listed in Na Chase River, Nanaimo

I have listed a new property at 1765 White Blossom Way in Nanaimo.
Family home for sale in Chase River. 3 bedrooms and 2 full bathrooms on the main floor with a bonus room above the garage. Open concept living and dining space features crown moldings and a natural gas heatilator. Southern exposure, and 9 foot ceilings make this home bright and sunny year round. Kitchen has attractive wood cabinetry, stainless appliances, pantry for added storage, and beautiful granite countertops. Directly off of the kitchen is access to the spacious, fully fenced back yard with covered patio, gas bbq hook up and a hot tub - making this the ideal space to relax with family and friends. Storage shed for all of your garden tools, plus fruit trees and raised garden beds for the avid gardener. Additional features include a heat pump and gas furnace and has a double car garage with over height ceilings. Located in the family-friendly neighbourhood of Country Hills, close to parks, playgrounds, and some of the best hiking and biking trails in Nanaimo.
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