Blog by Lake Okanagan Realty

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Merry Christmas from Ross and Alexandra

December 13th, 2008

Click on the link below for Ross and Alexandra's Christmas card:

Merry Christmas 2008!

Ross on the radio

December 12th, 2008
Ross is going to be on: www.kcaaradio.com tonight (Friday, Dec. 12, 2008) as the special guest around 6:30pm. It's a radio show in the States about legalizing marijuana.
If you missed the show live, go to: http://kcaaradio.celestrion.net/kcaa-podcasts/loredana/#. To still hear the show. Ross comes on at 54:38 minutes.

Dec. 9, 2008 - New Kelowna Listings

December 10th, 2008
New listings for the Okanagan:
Nw 1/4 Sec 25 Twp 17 R11 W6M .... $399,000


13208 Lakehill Dr. .... $559,900


854 Big Rock Court .... $949,000

For more information on Kelowna real estate please contact:
Alexandra Rebagliati
REALTOR
Cell: 250.870.2792
Alexandra@theOREC.com
www.theOREC.com
www.OkanaganRealEstateCompany.com

...

Dec. 9, 2008 - Mortgage Rates Reduced!!!!!

December 9th, 2008

Today the Bank of Canada announced another 0.75% drop in OVERNIGHT lending rate. Rumor has it the major banks will follow with a drop - but not sure of how much. CIBC's prime rate as of Wed.Dec.10 will be 3.50%.



Press Releases
FOR IMMEDIATE RELEASE
9 December 2008
http://www.bank-banque-canada.ca/en/fixed-dates/2008/rate_091208.html


Bank of Canada lowers overnight rate target by 3/ ...

Dec. 8, 2008 - New Okanagan Listings

December 9th, 2008
New Kelowna listings for Dec. 8, 2008:
4485 Walker Rd. .... $569,500


861 Royal Pine Dr. .... $639,000

512 Oxford Ave. .... $445,000

Lot 2- 5007 Chute Lake Rd. .... $749,000


Lot 4- 5007 Chute Lake Rd. .... $799,000


Lot 3- 5007 Chute Lake Rd. .... $699,000


8860 Jim Bailey Crescent .... $3,450,000

Good News for BC ! - Dec. 8, 2008

December 9th, 2008

Why British Columbia is in a great position for 2009:

The Loonie's tumble serves up a 20% advantage for Americans buying Canadian investment and recreational real estate.

IMF predicts Canada will lead the G7 countries in growth at 1.2% in 2009.

Canada has 18 domestic banks, the US has 8000.

The Oct. 9, 2008 Prestigious World Economic Forum declared Canada has the soundest bank ...

Kelowna Housing Starts - Dec. 8, 2008

December 8th, 2008
Kelowna housing starts way down
by Castanet Staff - Story: 43635
Dec 8, 2008 / 12:37 pm

Housing starts in the Kelowna area are way down from this time last year.

According to Canada Mortgage and Housing Corporation, housing starts dropped to 50 units in November from 140 units in November 2007.

Paul Fabri of CMHC says the November starts are consistent with their ...

Dec. 5, 2008 - New Okanagan Listings

December 7th, 2008
New Okanagan listings for Dec. 5, 2008
412 West Avenue .... .... $419,000

13168 Lakehill Drive .... .... $225,000

2335 Saucier Rd .... .... $1,479,000

5410 Todd Rd ........ $1,950,000
For more information on properties in the Okanagan please contact:
Alexandra Rebagliati
REALTOR
Cell: 250.870.2792
Alexandra@theOREC.com
www.theOREC.com
...

MSN Real Estate Article

December 6th, 2008

http://finance.sympatico.msn.ca/SavingsDebt/KerryGold/Article.aspx?cp-documentID=14887354

Housing downturn a buying opportunity?

Prices expected to fall by 30% in B.C. alone this year. So while some worry about holding onto their own homes, other Canadians wonder if this is a chance to buy at a discount.

By Kerry Gold

The real estate market a ...

MSN Real Estate Article

December 6th, 2008

http://finance.sympatico.msn.ca/SavingsDebt/KerryGold/Article.aspx?cp-documentID=14887354

Housing downturn a buying opportunity?

Prices expected to fall by 30% in B.C. alone this year. So while some worry about holding onto their own homes, other Canadians wonder if this is a chance to buy at a discount.

By Kerry Gold

The real estate market a ...

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