On this episode Parker speaks to Steve Moe from Riverside Energy Systems and they discuss solar panels and the viability of adding a custom solar system on your home in BC. They also discuss the advantages and financial strategies to help pay for the installation of the system. A really good listen, if you have always wondered if solar would be a good fit for your home.

📊 Kamloops Real Estate Market Update – June 19, 2025

What’s happening in the Kamloops real estate market right now:

Sales are down 13% compared to this time last year.

235 homes sold in May.

So far in June (as of June 18), 156 sales have taken place.

We’re on pace for 230–240 sales this month, which is in line with a normal June.

Seasonal Trends:

February to June are typically the busiest months for sales.

July slows down, usually making up just 6–8% of annual sales.

Inventory Levels:

2,152 homes are currently listed for sale in Kamloops.

In May, we added 610 new listings, but only sold 235 homes.

That means buyers have lots of options and more leverage.

Right now, we have about 10 months’ worth of inventory on the market.

If you’re selling:

Only 10% of homes are selling each month.

Pricing your home correctly is key to getting offers.

Selling Stats:

Average days on market: 48 days

Homes are selling for just over 96% of list price

High-End Market Snapshot:

273 homes currently listed over $1 million

Only 23 sold in the last 30 days

93 new listings over $1M came to market in the same time

The million-dollar market is slower and more competitive

If you’re thinking of buying or selling—or just curious about your home’s value—reach out anytime. I’m always happy to help.

The Truth About Septic Systems with Roderic Van Woerkom from "It Happens Septic "

On this episode of the Kamloops Real Estate Insider Podcast, Parker Bennett dives deep into the often-overlooked but crucial topic of septic systems with expert Rodric Van Woerkom, a registered onsite wastewater practitioner and private inspector from It Happens Wastewater Inc. If you’ve ever heard myths about throwing a chicken in your septic tank, questioned whether septic systems need maintenance, or are considering buying a rural property, this episode is packed with insights that can save you tens of thousands of dollars.

Understanding the Basics of a Septic System

Rodric, breaks down how a septic system works, explaining the role of the primary tank, how wastewater is processed into three layers (solids, clear effluent, and scum), and how it eventually disperses into a septic field or secondary treatment system. He dispels common misconceptions, such as the belief that a well-functioning septic system doesn’t require maintenance. Regular upkeep is key to preventing expensive failures.

Septic Inspections: Why They Matter

One of the biggest mistakes homebuyers make is not investing in a proper septic inspection. Roderick explains how a typical "pumper inspection" (a basic tank pump-out) is not a real evaluation of a system’s health. A certified inspection involves high-end equipment like cameras, locators, and permeability tests to assess the entire system, including the septic field. A failing system can mean repair costs of $40,000 to $65,000 or more, especially in waterfront or rural properties.

Signs of a Failing Septic System

Parker and Rodric discuss warning signs that a septic system may be on the brink of failure:

Unusual green patches in the yard, especially in a distinct rectangular shape.

Foul odors around the field or house.

Slow drains or backed-up plumbing, which could indicate issues in the dispersal system.

Unknown field locations, where homeowners assume the system is fine just because toilets flush properly.

Common Myths and Misconceptions

"A good septic system doesn’t need maintenance." False! Regular inspections and pumping prevent costly failures.

"Enzymes and additives improve septic function." Another myth! Many products actually cause more harm, breaking down solids too much and clogging dispersal fields.

"Just pump the tank and you’re good." This only removes solids, but does not evaluate the condition of the field or drainage system.

Proactive Maintenance Tips

For those with older septic systems (like Parker’s 40+ year-old system), Roderick shares practical maintenance tips to extend system lifespan:

Install an effluent filter to prevent solids from reaching the field.

Inspect baffles (the internal barriers in the tank) to ensure they’re functioning properly.

Pump the tank based on need, not just a set schedule—every 3-4 years is typical for a family home.

Be mindful of water use—too much water can overwhelm the system.

NEVER put water softener backwash into the septic system, as it can destroy beneficial bacteria and cause system failure.

Septic System Costs & Planning

For new septic installations, Roderick explains that costs vary widely based on soil type and location:

Basic gravity-fed systems: $18,000 - $22,000.

Pressurized systems (required in some areas): $20,000 - $40,000.

Waterfront properties or areas with strict regulations: Much higher due to engineering and advanced treatment requirements.

Shocking Septic Stories

From finding a buried logging truck used as a septic tank to digging up cars and barrels as DIY septic solutions, Roderick has seen it all. He shares some humorous and alarming stories of what can go wrong when septic systems aren’t properly installed or maintained.

🔹 To learn more, visit It Happens Wastewater Inc.

Kamloops Real Estate Insider Podcast – Interview with Dean Ganie (Norhaz)

Host: Parker Bennett

Guest: Dean Ganie – Specialist in hazardous material removal from NORHAZ

Key Topics Discussed:

1. Hazardous Materials & Indoor Air Quality

Dean started in the hazardous materials removal industry in the 1980s as part of a family business.

Dean's expertise focuses on asbestos removal and mitigating risks related to lead, mold, radon, and volatile organic compounds.

2. Understanding Radon Gas

What is Radon? A radioactive gas released from soil due to the decay of uranium.

How Does it Enter Homes? Radon seeps through cracks in concrete, basement floors, and foundation walls.

Health Risks: The second leading cause of lung cancer in North America, behind smoking.

Testing for Radon:

Long-term (12-month) testing is recommended for accuracy.

Short-term tests (like 3-day tests often used in real estate) may not reflect actual exposure levels due to seasonal fluctuations.

Mitigation Methods:

Sub-slab depressurization (a vacuum system beneath the foundation).

Pressurizing buildings in large structures.

Sealing the slab alone is ineffective.

3. Asbestos in Homes

Common Places Where Asbestos is Found:

Drywall finishing compounds.

Popcorn ceilings.

Vinyl flooring (especially 9x9 tiles).

Ductwork tape.

Vermiculite insulation (often found in attics).

Misconceptions About Risk:

Asbestos in good condition is not immediately dangerous.

Risk occurs when materials are disturbed, releasing fibers into the air.

Some materials, like vinyl tiles, are low risk, while others, like popcorn ceilings, release fibers easily.

Vermiculite Insulation:

Often contains asbestos due to contamination from mines, particularly in Libby, Montana.

Testing is unreliable because contamination varies from bag to bag.

WorkSafe BC considers all vermiculite to be contaminated.

4. Lead Paint & Other Hazardous Materials

Lead is primarily a concern in older paint layers (pre-1980).

Lead in duct tape and other materials can be encapsulated rather than removed.

Changes in building regulations (as of 2024) now require all demolition and renovation projects to be tested for hazardous materials.

5. Fiberglass Insulation & VOCs (Volatile Organic Compounds)

Fiberglass insulation under a microscope resembles asbestos fibers.

Formaldehyde and other VOCs off-gas from new construction materials, leading to poor air quality in new homes.

Remediation methods include heating the home to 56°C and ventilating to accelerate off-gassing.

6. Mold & Moisture Control

Mold Basics:

Mold is a natural fungus that thrives in moisture.

Not all molds are dangerous, but some (like Stachybotrys, or "toxic black mold") produce harmful mycotoxins.

Misconceptions About Mold:

Killing mold makes it worse—bleach and chemical sprays cause mold to release spores (sporulation).

Proper remediation involves physically removing mold through thorough cleaning.

Preventing Mold Growth:

Mold needs moisture to grow—control humidity and air circulation.

Bathrooms, attics, and poorly ventilated areas are most at risk.

The key to preventing mold is removing the moisture source.

7. Real-Life Case Studies & Stories

Restaurant Foreclosure:

A restaurant sat vacant for eight years, leading to severe mold contamination.

The entire basement was covered in thick mold, resembling a rainforest.

The building was condemned because remediation was impossible.

Hotel in the North Okanagan:

A historic hotel had a mold-infested basement with food supplies.

A foot-deep layer of mealworms covered the floor.

Structural damage from mold and rodents led to condemnation.

Contacting Dean Ganie & Norhas

Website: www.norhaz.com

Email: [email protected]

Phone: 250-488-6509

In this episode of the Kamloops Insider Podcast, Parker Bennett interviews Kaylee Templeman from Something Good Interiors. Kaylee shares her unconventional journey from nursing to interior design, sparked during maternity leave amidst the COVID-19 pandemic. The discussion delves into the challenges of transitioning careers, the dynamics of team building within her design firm, and the importance of functional design in real estate staging. Key insights include the impact of natural light, decluttering, and the strategic use of space to enhance property appeal. Kaylee emphasizes collaboration, flexibility, and the satisfaction derived from creating functional, inviting spaces for sellers of real estate transactions. Check out Kailee's Web Site @ www.https://www.somethinggoodinteriors.com/

This conversation delves into the Kamloops real estate market, exploring how different subdivisions affect property values and the potential for buyers to stretch their budgets.

The discussion transitions into the evolution of Type Two Fun, a marketing agency focused on real estate, emphasizing the importance of niche marketing and storytelling in real estate transactions.

Nick Saxby from Type Two Fun, highlights the need for real estate agents to build their brands and engage authentically with their audience to stand out in a competitive market.

Key Takeaways

Kamloops has significant price variances between subdivisions.

Understanding benchmark prices is crucial for buyers.

Niche marketing can enhance business value for real estate agents.

Storytelling is essential in real estate marketing.

Authenticity in social media engagement is key.

Real estate agents should focus on building their personal brand.

The market is seeing an increase in active listings without a drop in sales.

Buyers are looking for value in a competitive market.

Type Two Fun provides tailored support for real estate agents.

Effective marketing requires understanding the target audience.

titles

Exploring Kamloops Real Estate: A Comprehensive Guide

Type Two Fun: Revolutionizing Real Estate Marketing

Niche Strategies for Real Estate Success

In this podcast episode, Parker Bennett discusses the intricacies of making a subject to sale offer in the current Kamloops real estate market. He explains the importance of understanding market conditions, the balance between price and terms, and the strategic approach needed when making an offer. The episode emphasizes the significance of due diligence, negotiation tactics, and creative financing solutions to navigate the complexities of buying and selling homes effectively.

KEY TAKEAWAY'S

Understanding the current market conditions is crucial for buyers.

A subject to sale offer can provide leverage in a buyer's market.

The balance between price and terms is essential in negotiations.

Strategic presentation of offers can influence seller decisions.

Due diligence is necessary to strengthen your negotiating position.

Selling your home first can provide better financial clarity.

Creative financing options can enhance negotiation power.

Heavy terms can limit your leverage on price negotiations.

It's important to communicate effectively with your real estate agent.

Understanding seller motivation can aid in negotiations.

titles

Mastering the Subject to Sale Offer

Understanding Home Insurance: What You Need to Know with Mike Carroll from Central Agencies LTD In Kamloops BC

In this episode of The Kamloops Real Estate Insider Podcast, we dive into the world of home insurance with expert guest Mike Carroll, an experienced insurance broker with over two decades in the finance and insurance industry. Mike breaks down the critical role insurance plays in protecting homeowners, debunks common myths, and shares insider tips on getting the right coverage for your property.

We explore everything from why insurance is essential for the economy to the risks associated with older homes, Poly-B plumbing, and wildfire threats. Mike also sheds light on how homeowners can adjust their policies to save money and ensure they're properly covered in case of disaster. Whether you're a first-time homebuyer, an investor, or just looking to better understand your policy, this episode is packed with valuable insights.

Don't forget to share this episode with friends and leave a review—it helps us bring more great content to you!

In this engaging episode of the Kamloops Real Estate Insider Podcast, Parker reconnects with Derek Strokon, a returning guest hailing from Sun Peaks and CEO of Soul Summit Ventures. The discussion kicks off with a quick market update, from Sun Peaks BC, noting the high average listing price in Sun Peaks and comparing it to the more affordable market in Kamloops.

Derek shares his journey from Vancouver to Kamloops, eventually settling in Sun Peaks, highlighting the significant lifestyle changes and the strong sense of community in his new home. He discusses his business ventures under Sole Summit Ventures, including his unique approach to philanthropy.

The conversation shifts to the broader impact of business in real estate and beyond. Derek talks about his upcoming book and keynote, emphasizing the importance of using business success to contribute positively to the community. He explains how realtors and other professionals can use their revenues to make a significant impact, not just in their industries but in their communities and lives of others.

Derek and Parker delve into personal anecdotes and reflections on the importance of meaningful contributions over mere financial success, touching on themes of authenticity, legacy, and the deep fulfillment that comes from genuine community involvement.

Key Points:

Check out www.HandsOffMyBeaver.ca

Closing Thoughts:

Derek's perspective on using business as a force for good, coupled with his personal experiences and strategic advice for realtors, offers listeners valuable insights into balancing professional success with meaningful personal contributions.

Summary

In this episode of the Kamloops Insider Podcast, Parker Bennett discusses the latest trends in the Kamloops real estate market, including January's statistics, the significance of benchmark prices, and the changing demographics of buyers. He also explains the BC Housing Secondary Suite Initiative, detailing how homeowners can save significantly by utilizing this program.

takeaways

The Kamloops real estate market saw a 14% increase in transactions compared to January 2024.

Benchmark prices can be misleading; understanding average sale prices is crucial.

The average sale price of a single-family home in Kamloops is currently $733,000.

Days on market for homes have increased to an average of 72 days.

Buyer demographics are shifting, with more local buyers and an increase in single female buyers.

The BC Housing Secondary Suite Initiative offers a forgivable loan of up to $40,000 for homeowners.

Building a secondary suite can save homeowners $356,000 over 16 years.

The average price of a townhouse in Kamloops is $495,000, while condos average $354,700.

Understanding subdivision-specific pricing is essential for accurate market analysis.

Investors have decreased significantly in the market due to new regulations.