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Salmon Arm Video

Check out this awesome video of our great area, put together by the local Chamber and Tourism Society. What a fantastic place to live! https://www.youtube.com/watch?v=VoKjQBEWSk4  

Market Activity

Year to Date sales in the first 5 months of 2015 in the Central Okanagan were up 12.6% over the same period last year. Inventory continues to creep down which will always puts upward pressure on prices. The YTD average Median Sale price from January to May rose from $449,000 in 2014 to $466,000 in 2015. The North Okanagan has a similar story but a little behind the Central Okanagan. Year to Date sales ...

How Long To Sell My House in the North Okanagan?

  How long did it take to sell a home in the North Okanagan in the May 2015? Well according to the statistics, it only took on average 71 days to sell a property of this kind! That is dramatically lower that May of 2011 when it took an average of 108 days to sell a residential home in the North Okanagan, of which Vernon is a part.   Here is a breakdown of the stats:   May ...

Real Estate is not get rich quick...slow and steady wins the race.

If I gave you a job where you made 1 cent the first day, 2 cents the second day, 4 cents the third day, 8 cents the 4th day etc. doubling for 30 days would you take the job? If not you would lose out on $5,368,709.12. That is the best illustration of the principle of compounding I know of. Here is another one. When you make your first payment on your mortgage almost your entire payment is ...

Real Estate is not get rich quick...slow and steady wins the race

It took awhile for me to figure out that Real Estate is not get risk quick. If I gave you a job where you made 1 cent the first day, 2 cents the second day, 4 cents the third day, 8 cents the 4th day etc. doubling for 30 days would you take the job? If not you would lose out on $5,368,709.12. That is the best illustration of the principle of compounding I know of. Here is another one. When you make ...

CHECK OUT THE VERNON MARKET

Downtown market, starts today.  Check out all the local vendors and store specials.   http://downtownvernon.com/events/avenue-market       Nancy Venditello Sales Representative CENTURY ...

Real Estate is not get rich quick...slow and steady wins the race.

If I gave you a job where you made 1 cent the first day, 2 cents the second day, 4 cents the third day, 8 cents the 4th day etc. doubling for 30 days would you take the job? If not you would lose out on $5,368,709.12. That is the best illustration of the principle of compounding I know of. Here is another one. When you make your first payment on your mortgage almost your entire payment is ...

Did you know that Realtors are prohibited from giving their clients advice on GST

GST is one of the most controversial subjects in our business. Many times buyers and sellers come to Realtors and ask if GST is applicable and if so who pays it and how much is it. Our governing body the Real Estate Council of British Columbia prohibits us from giving advice on GST because it is so controversial. Sometimes we call Canada Revenue Agency for an answer and they say, "That ...

More houses are selling faster and for more money in the Okanagan Shuswap...

Year to Date sales in the first 5 months of 2015 in the Central Okanagan were up 12.6% over the same period last year. Inventory continues to creep down which will always puts upward pressure on prices. The YTD average Median Sale price from January to May rose from $449,000 in 2014 to $466,000 in 2015. The North Okanagan has a similar story but a little behind the Central Okanagan. Year to Date sales ...

The future is so bright we need SUNGLASSES!!

Always remember that, for the most part, quoted real estate statistics are  NEVER local.  When figures are quoted for BC, they really mean Vancouver.  When figures are quoted for Canada, they really mean Toronto and Vancouver, for the most part.  The Okanagan is a VERY local market, different than anywhere else in BC, or Canada for that matter.   Please take that into ...