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Central Okanagan Economic Indicators - Q3 - 2018

November 19th, 2018
Central Okanagan Economic Indicators - Q3 - 2018


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5-year fixed term interest rates are expected to hit 6% by the 2nd quarter of 2020.

November 19th, 2018
5-year fixed term interest rates are expected to hit 6% by the 2nd quarter of 2020.

HELOC Mortgages - Key Policy Change

November 19th, 2018
HELOC Mortgages - Key Policy Change
 
A new key policy change is going to make it tougher for Canadians who have a HELOC (Home Equity Line of Credit) to get a second mortgage or to get a new mortgage and keep your HELOC. HELOC mortgages are a line of credit tied to your property. You only pay an interest rate on your HELOC if you use the funds. I have lots of clients with a HELOC ...

Cannabis Drops Value of Homes

November 19th, 2018

 

Just a heads up - Cannabis grown in houses drops the value of the houses on average by 20%! 62% of Canadian will not buy a house with Cannabis grown in it even if it was grown legally and several major banks will not grant a mortgage on a house that has had Cannabis grown in it even if it was remediated. If you have rental properties you need to add a clause in your rental lease stating Ca ...

Vancouver council approves launching city-wide plan:

November 15th, 2018
Vancouver council approves launching city-wide plan:

https://www.cbc.ca/news/canada/british-columbia/city-wide-plan-vancouver-1.4905180

ACCEPTED OFFER: 1062 Lawson Ave, Kelowna, BC, Canada.

November 2nd, 2018
ACCEPTED OFFER: 1062 Lawson Ave, Kelowna, BC, Canada.

SOLD - 323 3901-32nd Ave, Vernon, BC, Canada

October 31st, 2018
SOLD - 323 3901-32nd Ave, Vernon, BC, Canada

Canadians should get used to idea of 3% interest rates, says Bank of Canada’s Stephen Poloz

October 31st, 2018
https://business.financialpost.com/news/economy/canadians-should-get-used-to-idea-of-3-per-cent-interest-rates-poloz

Canadians should get used to idea of 3% interest rates, says Bank of Canada’s Stephen Poloz

Signals that future hikes could arrive sooner than previously expected

OTTAWA — Bank of Canada governor Stephen Poloz want ...

CMHC's Annual Forecast

October 24th, 2018

UDI OKANAGAN LUNCHEON

Oct. 25, 2018

 

CMHC'S ANNUAL FORECAST 

 

FEATURING: 

 

Taylor Pardy

 

Senior Analyst, Economics (Interior and Northern BC), CMHC

 

Taylor will share his insights on some of the key economic and demographic trends driving the housing market in Kelowna and BC. Topics covered will include an update on the labour market, migration and population growth, as well a ...

SOLD - 1042 Long Ridge Drive, Kelowna, BC, Canada

October 22nd, 2018
SOLD: 1042 Long Ridge Drive, Kelowna, BC, Canada
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