November  2017 Buyer Statistics for the Central Okanagan - Who is Buying Real Estate: 

Property Type:
21.3% by Relocating and moving to similar property type (down from 21.5% in October)
18.9% by First Time Buyers (up from 15.5%)
18.9% by Move-Up Buyers (up from 13.9%)
13.1% buying Revenue/Investment Property (down from 18.2%)
11.9% by Buyers Downsizing (up from 11.5%)
5.7% buying Recreation P ...

New Listing downtown Kelowna: 592 Okanagan Blvd, Kelowna, BC.   $559,000. 

Prime location. Large lot with RU6 zoning (allows for duplex or main house plus carraige house). 

2 bedroom House
1 Full Bathroom
Large Kitchen
Living Room
Laundry Room
Fenced Lot
Detached Garage
0.16 acres

Walk to beach, Knox Mtn and downtown Kelowna. 

Link with more information:

http://www.lakeokanaganrealty.com/Listings.php/Det ...

Fact Sheet - 2017 Residential Mortgages in Canada

 

Each year:

• Approximately 700,000 homes are purchased in Canada
• 625,000 of these require mortgage financing
• Over 1 million mortgages are renewed
• 325,000 are completely paid off

 

Among Canadian who purchased homes during 2014 to 2017:

• The average contracted amortization period is 21.5 years
• 19% have extended amortization perio ...

Site C Hydro Dam Project Given a Green Light to Proceed

The project is expected to be completed by November 2024. The province stated the reason Site C was approved was to minimize the impact on rate payers and to preserve money for future capital projects. The province stated that if the project was cancelled, rates would be much higher for the next decade, with an increase of 12% starting in ...

British Columbia - Changes to Fixed Term Tenancies and Rent Increases - Effective December 11, 2017

 

FIXED TERM LEASE

 

Effective December 11, 2017, fixed term tenancy agreements can no longer include a vacate clause requiring a tenant to move out at the end of the term unless:

• The tenancy agreement is a sublease agreement; or
• The tenancy is a fixed term tenancy in circumstances pres ...

I just finished uploading this Row / Townhouse for sale, #88 600 Boynton Place,, Magic Estates, Kelowna, British Columbia

Introducing the re-launch of Boynton Place. You can't find a better 3 bedroom and 4 bathroom townhouse at this price. With 2,355 sq ft of living space, there is room for the whole family. It's a full sized,move in ready home and without any hassle or maintenance. The ...

I just sold this Manufactured Home/Mobile at #11 5432 Chidley Road,, Peachland, British Columbia .

View this recently sold Manufactured Home/Mobile or see all my home sales

Cooling Sales, Tight Supply Temper Okanagan Residential Sales Price 

 

KELOWNA, B.C. – December 8, 2017. Residential sales posted to the Multiple Listing Service (MLS®) for the Okanagan region of Peachland to Revelstoke totaled 605 in November, falling 18% from last month’s 736 and up 6% from this time last year reports the Okanagan Mainline Real Estate Board (OMREB).

 

“Despite a stren ...

I just finished uploading this Single Family Home for sale, 592 Okanagan Blvd, Kelowna Noth, Kelowna, BC

2 bedroom house on 0.16 acre RU6 zoned corner lot with alley in the rear. RU6 zoning allows for "2 dwelling units per lot". Potential to add a carriage house or tear down and build a duplex. Lots of options with this one. Amazing location only steps away from Sutherland Park, the beach, ...