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4 1064 Lawson Avenue, Kelowna, British Columbia

July 17th, 2017

I just sold this Duplex at 4 1064 Lawson Avenue, Kelowna, British Columbia .

View this recently sold Duplex or see all my home sales

GST Applicable on the Sale of Short Term Rentals

July 12th, 2017

FYI - if you are selling a property that has been used for nightly rentals GST may be applicable on the sale of the property due to the commercial nature of short term rentals (even on a percentage use basis if you are renting only a room or two instead of your whole house). If the owner's short term rental income exceeds $30,000 they are required to become a GST registrant. If the Seller has ...

Airbnb Not Legal in Kelowna

July 12th, 2017

Kelowna city council is expected to tackle the delicate issue of Airbnb's sometime later this year.

The short-term rental solution popular with vacationers or large groups looking to save money or enjoy a different travel experience, is illegal in most areas of the city.

City planner Ryan Smith says they are not legal within any single-family residential zones and most multi-family zones. ...

3-1046 Lawson Ave, Kelowna North - Downtown Core, Kelowna, BC

July 12th, 2017

I just finished uploading this Fourplex for sale, 3-1046 Lawson Ave, Kelowna North - Downtown Core, Kelowna, BC

2-1064 Lawson Ave, Kelowna North - Downtown Core, Kelowna, BC

July 12th, 2017

I just finished uploading this Fourplex for sale, 2-1064 Lawson Ave, Kelowna North - Downtown Core, Kelowna, BC

New high end fourplex located downtown Kelowna near lake, grocery store, public transit, entertainment, amenities, etc. Almost 2,000 sq ft of living space with 4 bedrooms, 3 bathrooms, high end finishing, and private single car garage. Additional street parking is available. 3 co ...

Bank of Canada Raises Benchmark Interest Rate - July 12, 2017

July 12th, 2017
The Bank of Canada is raising its benchmark interest rate by a quarter of a percentage point to 0.75 per cent — its first increase in nearly seven years. The last time it increased the target rate was in September 2010.
 
The increase will not affect you if you have a Fixed mortgage. Variable mortgages will go up slightly but the real pinch will be felt in HELOCs (Home Equity Li ...

SOLD - 1549 Blondeaux Crescent, Kelowna, BC, Canada.

July 7th, 2017
SOLD - 1549 Blondeaux Crescent, Kelowna, BC, Canada.

Bank of Canada - Interest Rate Hike

July 3rd, 2017

Bank of Canada - Interest Rate Hike

Signs are pointing towards Bank of Canada raising its benchmark interest rate possibly as soon as next week.

Eight times a year the Bank of Canada's board of governors meet to assess the latest economic indicators and decide whether Canada's economy needs to rate cut, rates stay the same or increase interest rates.

This will be the first time in 54 meeti ...

Okanagan Real Estate Statistics - May 2017

June 28th, 2017
Okanagan Real Estate Statistics - May 2017

Property Type:
21.7% by Relocating and moving to similar property type (up from 19.0% in April)
18.2% by First Time Buyers (down from 18.5%)
17.8% by Move-Up Buyers (up from 15.8%)
14.3% by Buyers Downsizing (down from 15.5%)
13.2% buying Revenue/Investment Property (down from 14.3%)
5.9% moving from Single Family Home to Strata Unit (up from 5.7%)
4. ...

Overland Flood Insurance

June 19th, 2017

Rivers, streams, and lakes overflowing, and brigades of volunteers vainly trying to save the homes around them by deploying sandbags and anything else they can find to stop the rising waters. While we've seen these images in the media many times, no one expects a flood to happen in their community – yet it does. And as we've seen lately, as a country, we're failing to protect Canadians from f ...

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