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Foreclosure in Predator Ridge, Vernon - goes to court Dec. 6, 2011. Great deal!

November 30th, 2011

5 year fixed rate = 3.29%

November 27th, 2011
A 5-year fixed mortgage is sitting at 3.29% right now in Canada for Nov. 26, 2011. 

Supporting "Yuckies"

November 27th, 2011
According to Newsweek, 55% of American males aged 18 to 24 still live at home. In Canada 60% of kids 20-24 live at home. In Italy, 70% of young adults live at home. And in the United Kingdom, one in three parents are remortgaging their homes to support what are being called "Yuckies" - Young, Unwitting, Costly Kids.

Millionaires

November 27th, 2011
FYI - More millionaires are made during a recession than any other time. Currently the US has 3.1 million millionaires which is up from 2008. 

Real Estate Outperforming the Stock Market!

November 27th, 2011
FYI -  Real estate is outperforming the stock market, the bond markets and every other investment right now. You want to be in either cash or hard assets right now (and by hard assets I mean rental properties that are producing a positive cash flow). As always, cash is king. Or as my friend in NYC says: he who has the peso, has the say so. 

REITs

November 27th, 2011
Canada's biggest retail REIT, RioCan, is on an acquisition binge. RioCan Chief Executive Edward Sonshine told analysts on a recent conference call that it would be "quite achievable" to hit an acquisition budget of $800 million "or a bit higher" this year. Previously, the REIT had earmarked $600 million. Transglobe Apartment Real Estate Investment Trust has already spent $740 million buying a ...

Liquidity crisis coming.

November 27th, 2011
I strongly believe another liquidity crisis is ahead. The States air their dirty laundry in public, Europeans do not and Asians most certainly do not. What you read in the media about Europe and Asian is the tip of the iceberg...you're not seeing what is below the surface! 

571 Cambridge Ave., Kelowna, B.C.

November 21st, 2011

I just rented this Single Family Home at 571 Cambridge Ave., Kelowna, B.C. Kelowna North.

View this recently rented Single Family Home or see all my home sales

West Kelowna condos = 50% off.

November 15th, 2011
Since I have had 3 people ask me already about the condos featured on CHBC last night that are advertised as being sold for 50% off, people are lining up to get them, etc. - here is my response: 
HUGE gimmick! Those condos in my opinion are not worth $400,000 ergo $200,000 is NOT 50% off! They are on leasehold land. Your comparables are 3533 Carrington on the golf course - 2 bedroom condo on ...

Aviawest Resorts in creditor protection

November 14th, 2011
Aviawest Resorts Inc. is now in creditor protection. Among it's holdings are the Pinnacle Lodge at Sun Peaks, the Parkside Resort in Victoria and Pacific Shores in Nanaimo.
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