, Kelowna real estate: Blog

Could Interest Rates Go Down In The Near Future In Canada?

October 26th, 2016

BMO Financial Group chief economist Douglas Porter said the BOC could cut rates because of its grim economic outlook. “The Bank has cut its GDP forecast heavily, slashed its core inflation outlook, sounds much more concerned about the medium-term prospects for exports, frets about domestic competitiveness, looks for a 0.3% slice in GDP from the housing measures and doesn’t see the output gap ...

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Secondary suites will now be legal in all but two Kelowna neighbourhoods.

October 26th, 2016

Secondary suites will now be legal in all but two Kelowna neighbourhoods.

City council began the process Monday of bringing the remaining neighbourhoods into the fold.

The exceptions are Gallagher's Canyon and Eastwood, where wastewater disposal systems can't handle additional residents.

Suites were made legal in most single-family areas of the city in 2012, but a number of comprehensive d ...

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CRA to begin "Aggressive Real Estate Audits"

October 26th, 2016

CRA is planning to begin aggressive real estate audits for both income tax and GST. They will be looking at:

Whether the disposed property qualifies for the principal residence exemption. If the CRA is not satisfied that the property has met all the requirements of the exemption, part or all of the exemption will be denied.
Whether the gain realized on the disposition of real property is a ...

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2103 4026 Pritchard Drive, Shannon Lake, West Kelowna, British Columbia

October 21st, 2016

I just finished uploading this House for sale, 2103 4026 Pritchard Drive, Shannon Lake, West Kelowna, British Columbia

This spacious 2 bedroom, 2 bathroom ground floor condo is the best value for the dollar at Barona Beach Resort! Located on the ground floor, you are steps away from the beach and the pool! With room for 5 to sleep in the bedrooms, plus a sofa bed in the living room that sleeps ...

Posted in Listings

74-600 Boynton Place, Kelowna, BC V1V 1A6, Glenmore, Kelowna, BC

October 20th, 2016

I just sold this Townhouse at 74-600 Boynton Place, Kelowna, BC V1V 1A6, Glenmore, Kelowna, BC Glenmore.

View this recently sold Townhouse or see all my home sales

Posted in Listings

116 1855 Leckie Road, Dilworth Mountain, Kelowna, British Columbia

October 14th, 2016

I just sold this House at 116 1855 Leckie Road, Dilworth Mountain, Kelowna, British Columbia Dilworth Mountain.

View this recently sold House or see all my home sales

Posted in Listings

15558 Greenhow Road, Lake Country, British Columbia

October 11th, 2016

I just finished uploading this House for sale, 15558 Greenhow Road, Lake Country, British Columbia

This well built home features total 5 beds, 3 baths, 2 kitchens, walk-in closet, laminated floors, nice eating nook, shed, huge private deck, spacious backyard and balcony, lots of covered parking and storage. Amazing investment opportunity, basement is rented and tenants are willing to stay, it& ...

Posted in Listings

74-600 Boynton Place, Kelowna, BC V1V 1A6, Glenmore, Kelowna, BC

October 7th, 2016

I just finished uploading this Townhouse for sale, 74-600 Boynton Place, Kelowna, BC V1V 1A6, Glenmore, Kelowna, BC

Spacious 3 bedroom townhouse backing right onto Knox Mtn. with endless hiking trails, tennis courts, etc. This property has a private fenced backyard. It has a side by side double garage, hardwood, tile and carpet floors, stainless steel appliances, washer and dryer, geothermal h ...

Posted in Listings

New Mortgage Rules - Effective October 17, 2016

October 5th, 2016

Here is information on the new mortgage rules - effective October 17, 2016. *Please remember that this does NOT mean that buyers will have higher mortgage payments. The new rules reflect a change only in the qualification standard not the actual loan rate. These new rules were applied as a stress test to ensure that buyers can still afford their mortgage payments if and when interest rates ...

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