Our Okanagan Shuswap Real Estate News
What Sold Last Week in the North Okanagan Real Estate Market (Synopsis)
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What Sold Last Week in the Central Okanagan Real Estate Market (Synopsis)
or get the property details here
What Sold Last Week in the Shuswap Real Estate Market (Synopsis)
or get the property details here
Canadian Real Estate News
Break out the bubbly. No, wait, don't (Globe and Mail)
Rob Carrick's guide to the best reading on personal finance from around the web this week
Want to boost your home's value? (Globe and Mail)
These simple do-it-yourself projects that can make a big difference, without taking too much out of your wallet.
Home buyers face a double whammy (Globe and Mail)
An inevitable rise in interest rates is going to make homes costlier in years to come. But home buyers often overlook another cost that will inevitably go up - gasoline
Housing affordability slides (Globe and Mail)
Canadian home ownership costs have become more expensive for the first time in 18 months: RBC
Looking at property? Be careful what you step in (Globe and Mail)
Strong rebound is drawing would-be investors into a market that is delivering big opportunities - and new risks
Scotiabank hints at housing bubble (CBC)
Canadian real estate prices are inflated, but they're unlikely to correct themselves in the short term, a Bank of Nova Scotia report suggests.
New home sales in Toronto spike in October (National Post)
Existing homes sales across the country were up 41.5% last month from a year ago, while the average price of a home jumped 20.7% during the same period. The percentage of homes listed for sale shrank 20.8% last month, which combined with low interest rates has fuelled intense bidding wars in many markets across the country
Canadian home resale prices up for 5th month (Reuters)
The Teranet-National Bank Composite House Price Index released on Wednesday showed that prices were up 1.3 percent nationally in September from August.
Canadian homeowners feeling bigger pinch (Canada.com)
Royal Bank says 45.8% of pre-tax household income was needed to service the cost of owning a standard detached home in the third quarter of this year. That was up 1.2 percentage points from a quarter ago but well off the high of 52.3% hit in the 2008. The all-time high was 57.1%, reached in the second quarter of 1990.
Agents duel over condo sale lines (Toronto Star)
"It's our job with a hot market nowadays," broker Amir Geran said before dawn as he stood in the north-side lineup, the one that ended up getting priority. "You have to line up for condos like this."
Related articles:
Condo buyers fight over $475 per square foot 'bargain' (Post City)
Another day, another condo-line battle on Bloor Street (National Post)
River City Lottery Vs X2 Line: two approaches to selling hot condos in Toronto... (BuzzBuzzHome)
US Real Estate News
A Look at Case-Shiller, by Metro Area (November Update) (Wall Street Journal)
The S&P/Case-Shiller 20-city home-price index, a closely watched gauge of U.S. home prices, rose 0.3% in September from August in the fifth straight monthly increase, as prices gains slowed and remain below year-earlier levels.
Underwater mortgages dog U.S. housing (Globe and Mail)
Nearly one-quarter of residential mortgage holders – 10.7 million households – owe more on their mortgage than their home is worth
See you online,
Brell ~ Brenda Ellis REALTOR with TheOkanaganRealEstateHub.com @ Century 21 Executives Realty Ltd
(250)550-2161 Direct Dial
(250)549-2103 Office Reception
1-877-227-4073 Toll Free
(250)308-4310 SMS
Century 21 Executives Realty Ltd.
2907 - 32nd St.
Vernon, BC V1T 5M2