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Vancouver detached home sales just collapsed to their lowest level since 1990

March 12th, 2019

https://www.livabl.com/2019/03/vancouver-detached-home-sales-1990.html?utm_source=Weekly+BuzzBuzzReport&utm_campaign=9f8b437723-EMAIL_CAMPAIGN_2018_07_03_02_30_COPY_01&utm_medium=email&utm_term=0_6d6db2b31f-9f8b437723-218087525

The detached home segment of Vancouver’s housing market has been walloped as sales for this home type in the first two months of the year sunk to the lowest levels si ...

Downtown Kelowna March 2019 Events

March 5th, 2019
Downtown Kelowna March 2019 Events:
 
Mar 06, 2019 – Beardy and Beast EP Release Party @ Milkcrate Records
 
Mar 07, 2019 – Super Mega Ultimate Techathlon @ The Innovation Centre
 
Mar 08, 2019 – International Women's Day @ Okanagan Heritage Museum
 
Mar 09, 2019 – Kelowna Ladies Closet Cleanout @ The Laurel Packinghouse
 
Mar 09, 2019 – Kam ...

December’s Residential Market Poses No Surprises

January 21st, 2019
December’s Residential Market Poses No Surprises

KELOWNA, B.C. – January 3rd, 2019. Residential sales posted to the Multiple Listing Service (MLS®) for the Peachland to Revelstoke region declined to 324 in December, a 29% decrease from both the previous month and this time last year.  

“No surprise, the market is doing what it tends to do this time of year with all indicators pointing to a ge ...

Downtown Kelowna January After 5

January 17th, 2019

Downtown Kelowna January After 5

The Downtown After 5 hosted by Prospera Place and the Kelowna Rockets is returning on Wednesday, January 23 from 5pm to 7pm at Manhattan Point Restaurant.

Food and wine? Check. 
Networking with great people? Absolutely. 
Prizes? If you're lucky. 
Best networking event of your life? We won't deny that possibility.

With attendance ranging from 250-300 people, ...

RBC cuts 5-year fixed mortgage rate, other banks expected to follow

January 17th, 2019

Royal Bank of Canada has lowered its posted five-year fixed rate by 15 basis points from 3.89 per cent to 3.74 per cent.

Mortgage rate comparison website founder Robert McLister says RBC is the first of the Big Six banks to cut its advertised five-year fixed rate after a fall in five-year bond yields.

McLister adds that he expects other big banks to follow suit in the coming days.

Wh ...

SPECULATION TAX - UPDATE

January 16th, 2019
SPECULATION TAX - UPDATE
 
All homeowners in B.C.’s largest urban centers will need to apply for exemptions from the province’s new speculation tax or receive a bill, whether they are speculators or not, the government announced Tuesday.
 
The Ministry of Finance said letters outlining the first speculation tax fees and exemption processes will begin arriving at all home ...

End of Detached Single Family Homes?

January 15th, 2019
“No more detached homes for you,” economist tells Canada

In the not so distant past, Canadian contractors were building more single-family homes than multi-family homes, such as condo apartments.

It’s a very different story today — so much so that an economist with one of Canada’s biggest banks recently said “no more detached homes for you” in a note to clients.

Housing Market Ne ...

Downtown Kelowna Events - January 2019

January 4th, 2019
Downtown Kelowna Events - January 2019
 
Jan 04, 2018 – Prince George Cougars vs Kelowna Rockets @ Prospera Place
 
Jan 09, 2018 – Everett Silvertips vs Kelowna Rockets @ Prospera Place
 
Jan 16, 2018 – Moose Jaw Warriors vs Kelowna Rockets @ Prospera Place
 
Jan 19, 2018 – Prince Albert Raiders vs Kelowna Rockets @ Prospera Place
 
Jan 20, ...

Canada Sales Summary - 2018

December 18th, 2018

Canada Sales Summary:
 

 

2018

2017

%

Toronto

6,251

7,326

-15%

Calgary

1,172

1,410

-17%

Edmonton

1,042

1,155

-10%

Vancouver

1,623

2,897

-42%

Kelowna

323

457

-31%

Victoria

498

671

-26%


Summary of ACTIVE Listings:
 

...

Vancouver’s housing market is in the dreaded ‘death cross’ — here’s what that means for home prices:

December 18th, 2018
Vancouver’s housing market is in the dreaded ‘death cross’ — here’s what that means for home prices:
 
https://www.livabl.com/2018/12/vancouvers-housing-market-dreaded-death-cross.html?utm_source=Weekly+BuzzBuzzReport&utm_campaign=140914dd86-EMAIL_CAMPAIGN_2018_07_03_02_30_COPY_01&utm_medium=email&utm_term=0_6d6db2b31f-140914dd86-218087525
...
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