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Big White Opens November 23, 2017

November 17th, 2017

Big White opens in less than one week! Opening dAY = November 23, 2017


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Why Foeigners Buy Real Estate in Canada

November 17th, 2017
Here are some of the reasons why so many foreigners continue to buy real estate in Canada:

1) Education - Canada has top schools from elemenary schools all the way up to top universities. 

2) Security - while Canada does have some crime it does not have the bombing and mass suffering that some other countries face. 

3) Safe Haven Investment - Canada's real estate laws are Federally and Provincia ...

Most Expensive Buildings in the World

November 17th, 2017
If you think Vancouver and Kelowna are expensive, think again! Here are the most expensive buildings in the World based on price per square foot:

The Peninsula in Shanghai = $6,100 USD per Sq./Ft.
One 57 in New York = $,7600 USD per Sq./Ft.
Opus in Hong Kong - $9,100 USD per Sq./Ft.
Mori Tower Roppongi Hills in Tokyo = $10,500 USD per Sq./Ft.
Tour Odeon in Monaco = $11,000 USD per Sq./Ft.
One Hyde ...

Kelowna Running Club - Memberships Available for 2018

November 17th, 2017
Memberships with the Kelowna Running Club for the 2018 season are now available. Only $35 for the year! There are organized runs every Saturday morning at 7:30AM all year long. You can walk, jog or run. All levels show up each Saturday so it's easy to finds someone at your level to walk/run with.
 
Benefits include:
 
Discounts pay for your membership:
10% discou ...

PayPal Accounts To Be Audited by CRA

November 16th, 2017
This is the Government going after AirBnB's as most AirBnBs pay through PayPal. They are specifically targeting people who earned over $30,000 in 12 months as those people are required to registered for a GST number and collect and remit GST to CRA.
 
http://www.bnn.ca/paypal-ordered-to-disclose-business-account-information-to-cra-1.916791

Okanagan Residential Sales Typical for Fall Time 

November 6th, 2017
Okanagan Residential Sales Typical for Fall Time 

KELOWNA, B.C. – November 3, 2017. Residential sales posted to the Multiple Listing Service (MLS®) for the Okanagan region of Peachland to Revelstoke totaled 736 in October, comparable to last month’s 740 and just 6% lower than this time last year reports the Okanagan Mainline Real Estate Board (OMREB).
“Not unusual for this time of year, Octob ...

September 2017 Buyer Statistics for the Central Okanagan - Who is Buying Real Estate: 

October 31st, 2017
September 2017 Buyer Statistics for the Central Okanagan - Who is Buying Real Estate: 

Property Type:

20.2% buying Revenue/Investment Property (down from 20.4% in August)
17.6% by Relocating and moving to similar property type (down from 18.0%)
15.3% by Buyers Downsizing (down from 15.8%)
15.3% by First Time Buyers (up from 15.0%)
13.7% by Move-Up Buyers (down from 14.7%)
6.9% buying Recreatio ...

Western Investor Names Kelowna as Hot Market for Real Estate Investments

October 27th, 2017

Western Investor Names Kelowna as Hot Market for Real Estate Investments

 

Western Investor is a prominent business magazine. Western Investor's report states that a combination of ideal economic and geographic factors combined with location government initiatives place Kelowna number 1 on its list of Top 5 places to invest in real estate in 2018.

 

More homes were started in Kelowna thi ...

Ellis Parc, Kelowna, British Columbia Canada

October 27th, 2017

Ellis Parc, Kelowna, British Columbia Canada

 

Ellis Parc is Kelowna's newest proposed residential condo tower in Kelowna's downtown core. The property sits right next to Prospera Place at 1232 Ellis Street on the corner of Ellis Street and Clement Ave.

 

The project is slated to be 14-stories high with 91 units.

 

Right now there are more than 1,500 rental units under construction in ...

New Stress Test Rules - The ACTUAL Impact

October 27th, 2017

New Stress Test Rules - The ACTUAL Impact

 

I have heard the "sky is falling" all week over the newly announced mortgage stress test rules that will come into effect in Canada January 1, 2018. Yes there will be buyers negatively affected by the new rules but is it doom and gloom and the entire market is going to collapse?!?! NO. Here is the actual impact:

 

If you are renewing an existing ...

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