Advertisement

Lake Country family caught in housing crunch after fire

Jennifer Samms with her two children. The Lake Country family needs to find a new place to live by the end of the month. Megan Turcato / Global News

It’s the downside of the Okanagan’s red hot housing market.

After a fire destroyed their home, a family with deep ties to Lake Country is now struggling to find a long-term place to buy or rent in that community.

Despite a budget of more than $400,000, they’re not sure where they are going to live at the end of the month.

Read more: ‘They are devastated’: Family displaced by mobile home fire in Lake Country

Jennifer and Nate Samms and their two children were forced into the housing market when the mobile home they had lived in for 13 years was destroyed in an accidental fire in November.

“We’ve contacted hundreds of rentals. Many of them are either gone before we even get a chance to talk to the people, a lot of them don’t want kids … or the price is just more than we can afford,” Jennifer Samms said.

Story continues below advertisement

Nate said the couple made an offer on a townhouse and were outbid by nearly $50,000.

Read more: Price of single-family home in Central Okanagan soars by $50K in one month

Since the fire, they’ve found various short-term places to live, but have to be out of their current rental by the end of the month.

The family of four is finding it next to impossible to secure a new place in Lake Country to buy in their price range of $400,000 to $450,000 or to rent.

“We know that we would never be homeless per se. We’ve got amazing friends and family, but a lot of that does require us relocating and we are just really trying to avoid that,” Jennifer Samms said.

Read more: ‘This year is the record’: Okanagan real estate sales hit new high in 2020

Although the mobile home they lost in the fire was just outside the Lake Country border, the family has strong ties to Lake Country: Jennifer is the assistant manager of a local hardware store and the kids play sports and go to school in Lake Country.

“It is hard. I don’t want to take the kids away from their school and everything around them. It’s been hard enough for them,” Nate Samms said.

Story continues below advertisement

“They literally lost everything that they had. I can’t imagine having to pull them away from everything else,” Jennifer Samms added.

Fire crews responded to a single-family structure fire on the 700 block of Beaver lake Road at 7:30 p.m. Global News

The Samms family are not the only buyers finding the real estate market in Lake Country ultra-competitive.

Real Estate agent Chris Docksteader has been working in Lake Country for 16 years and says he’s never seen this level of activity.

“What is on the market, if it is even decent, it’s getting multiple offers. There is so much interest and so much activity in the market it is putting a ton of pressure on buyers,” Docksteader said.

Read more: Vancouver Realtors target of racist, threatening messages after listing $12.8M Okanagan home

Searching on Sunday, Docksteader found only a handful of available listings in Lake Country that are around the family’s price range.

Story continues below advertisement

“We are at a point where we’ve got 807 square feet for $335,000 and 1,000 square feet for $400,000,” Docksteader said, describing some of the listings currently on offer.

The red hot real estate market is leaving the Samms family with few options to stay in their community.

“We are not looking for a handout, we are not looking for anything free, we want to pay. So if you know anybody, reach out to us,” Nate Samms said.

Click to play video: 'Okanagan home prices continue to soar into March 2021' Okanagan home prices continue to soar into March 2021
Okanagan home prices continue to soar into March 2021 – Apr 7, 2021

Sponsored content