Kamloops This Week October 6, 2016

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OCTOBER 6, 2016 | Volume 29 No. 121

TODAY’S WEATHER

Sun, clouds, showers High 15 C Low 8 C

THE VINO HAS NOW ARRIVED

ROARING WITH RORY AT THE RYDER CUP

Save-On sales start tomorrow

KTW’s Jessica Wallace was there, soaking it all in

A7

A21

Median home price hits $420K HOT MARKET CONTINUES, BUT NEW MORTGAGE RULES MAY SLOW SALES As of Oct. 17, rules on buying a home will change

CAM FORTEMS STAFF REPORTER cam@kamloopsthisweek.com

Maddy (left) and Veronica were two students featured in the first episode of the six-part CBC series This Is High School.

The fallout from episode 1 DALE BASS

STAFF REPORTER

dale@kamloopsthisweek.com

While the dispute that drove Veronica and Maddy apart was quickly resolved, the fallout is hitting them this week. The two South Kamloops second-

ary students were the focus of one of the stories that make up the six-part CBC series This Is High School, which was filmed at the school in the spring. The first episode aired this past Sunday. See NEGATIVE, A4

The city’s real-estate market continues on its roll of increasing sales and higher prices, oblivious to government actions to cool the market in Metro Vancouver. The number of residential units — 279 — that traded hands in September is up 13 per cent over the same month last year. The September total boosted year-to-date numbers 24 per cent higher than the first nine months of 2015. About 2,550 residential units were sold in Kamloops through September, up from 2,100 last year. Meanwhile the number of active listings, at 1,500, is down from 1,900 in September, 2015.

Read the full story on page A4

Cyndi Crossley, vice-president of Kamloops & District Real Estate Board, said the numbers are a continuation of a trend seen all year of strengthening sales and prices. But a slowdown in the Lower Mainland due to the imposition of a 15 per cent tax on foreigner buyers, along with new rules announced Monday by the federal Liberal government to cool markets in Toronto and Vancouver, could slow sales locally.

One of those changes will require purchasers who enter into a mortgage term of five years or longer to qualify at higher, Bank of Canada posted rates. “It could be difficult for first-time buyers,” Crossley acknowledged. “It could have an affect on the market.” Among the most active slices of the Kamloops market are homes over $600,000. Twenty-three homes in that price range were sold last month. Those transactions helped push the median price in September for a singlefamily home in the city to $420,000, a price that can fluctuate based on the number of high-end homes sold in any given month.

CITY TO ASK KGHM FOR MORE CASH ANDREA KLASSEN STAFF REPORTER andrea@kamloopsthisweek.com

KTW FILE PHOTO

KGHM Ajax has plans to operate a copper and gold mine on its property south of Aberdeen.

Kamloops city council will ask the proponents of the Ajax mine for more money to finish a review of the project’s environmental application — and some assurances there is an end in sight for the permitting process, which has been on hold since May.

At its meeting Tuesday, council voted unanimously to continue a review of KGHM’s application for environmental review, headed by SLR consulting, after learning the initial $300,000 budget had been mostly used up. A federal-provincial review of KGHM’s proposed copper and gold mine is officially on hold. See KGHM, A5

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