A Quick Rental Market Update

In the last WEEK alone our two major advertising sources (facebook and google) have have produced over 1000 unique visitors to www.theorec.com looking for rentals. I am fielding over 10-20 calls a day with people looking for rental units, especially those under $1000/month or units in Rutland. If you or anyone you know needs a rental managed, let them know to use ...

What's New In Rentals...March 1st 2009

March, the month to move!

After a fairly sleepy rental market in November to January we can expect some more rental demand through March and April. Usually this is a good time to rent higher end properties to Calgarians looking to secure their Kelowna pied-a-terre for the Summer. Anything in the Mission area will do well, lakeshore especially, along wi ...

Kelowna's real estate market is slowing down a little more. The Canadian Mortgage and Housing Corporation released a report outlining that housing starts fell from 349 units in April 2007 to 249 units this Aprils due largely to fewer multi family starts. But, not only are there fewer starts, there's also less demand than there was in the past. Market Analyst Paul Fabri pointed out, however, t ...

OPEN HOUSE at 463 Christleton Avenue $439,900 today, Sunday, April 13, 10am- 12pm. Great 4 bedroom 1/2 duplex in Kelowna South. Walking distance to beach, shops, hospital, bus stop, etc. Great quiet area. Perfect for a family. Large fenced in backyard, hardwood floor, massive master bedroom with ensuite.

For more information contact:

Alexandra Rebagliati
MacDonald Realty
REALTO ...

The showhome for Aurora Heights has just been put up for sale. It's a great value. The basement is finished with two bedrooms, patio, private entrance, wet bar, laundry hook-up etc. Horizon Drive to Aurora Heights. Gated community. To veiw call 250.870.2792.

Shelby Cresent is a new home on the Westside. From Kelowna cross te brdige into Westbank. Turn right onto Daimler. Go straight. Turn right onto Shelby. This house is a great value. The price was recently reduced by $40,000 to sell quickly. The list price is $599,900. Great value!

Aurora Heights is a new high end gated community on the Westside. From Kelowna cross the bridge into Westside. Turn right onto Horizon. Turn left on Aurora Heights. There are 12 homes available. They are all high end with huge patios and views of the mountains and city.

Bank of Canada slashes interest rates

KEVIN CARMICHAEL

Globe and Mail Update

March 4, 2008 at 9:12 AM EST

OTTAWA — The Bank of Canada dropped its key lending rate by half a percentage point, and indicated that further cuts will be needed to insulate Canada from the effects of a U.S. economy that teeters on the brink of recession.

“The deterioration in eco ...

The Government has issued amended First Time Home Buyers requirements.
 
The qualifications for the exemption have changed.  A first time home buyer can now qualify for a full exemption with a purchase price of less than $425,000.00 (previously $375,000.00).
 
A partial exemption is available if the purchase price is more than $425,000.00 but less than $450,000.00.
 
Also, there is no l ...

1       Employment letters on company letter confirming their positions,
time on job, wages. These letters need to be signed by a manager or HR and
typed on company letter head. Please also have them bring recent pay stubs.

2       Bankers Reports - these are letters from their financing institution
confirming a satisfactory banking history for a minimum of 3 years.

3       ...