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The cost of money to buy a home in the Okanagan Shuswap will stay low for a while

Stephen Poloz, the govenor of the Bank of Canada now says that the low interest rates that we have experienced for the last decade will likely become the new normal. There has been the threat of higher interest rates just around the corner for a number of years but it never seems to come. Rates inch up a few basis pojnts and we all say, "Here we go", only to find them inching back down a few months ...

Great article on Real Estate Investment Partnerships by Richard Dolan

Take a look at this great article on Real Estate Investment Partnerships!  Click HERE!

How to avoid huge mortgage penalties!

You bought an investment property with the plan to hold it for 5 years.  The cheapest rate you found was on a closed mortgage, so you selected a 5-year term.  Three years later, you need to sell.  You call your bank and ask them “How much?” That’s when your jaw hits the floor. Early payment or pre-payment penalties charged by banks can be huge — thousands ...

New Marina Investment Opportunity in Sicamous

The Cosens Team and Bill Hubbard have just listed the Shuswap Waterfont Marina. This 3.56 acres Prime development property has C4A zoning  which allows for 20 units/acre. All approvals done. New marina with all enviromental permits in place. Call the Cosens Team for an information package and a personal showing, 250 833-5372

I'm sorry "deer", this one is sold! But I do have others!

Seems like everyone is looking to get into the market these days!

Know your Real Estate tax deductions!

Know Your Deductions Now be careful with this… don’t go buying all sorts of personal things and then trying to fit them in a business deductions later, without knowing what you can deduct. In fact, that’s part of the trick… knowing what deductions you have available to you, depending on how you’re holding your real estate portfolio. CRA actually distinguishes between ...

Sales Up Again !

For the second month in a row, the absorption rate for the North Okanagan ( percentage of properties listed that sold) was near 20%! In May of 2014, the absorption rate was 21.4%. This was the first time since 2007 that the rate was over 20%. In June of 2014, the absorption rate was strong again at 19.3% . With the low interest rates, buyers are taking the plunge because there is a lot of inventory ...

My "new" job!

Don't panic, I am not ending my love affair with real estate.  I will be selling real estate until they put me in a home and even then I am sure I will be trying to get out and take buyers to see houses!! With the dramatic price increases of 2005 to 2009 and the very strong seller's market, homeowners could sell their properties for glorious profits.  When I did listing presentations, sellers ...

GREAT NEWS! READ ALL ABOUT IT!

JUNE STATS ARE IN....  For the North Okanagan, BC   Days on Market   Sales   Avg. Median Price   Absorption Rate 2013 June to July   126      61   $325,823   9.14%   2014 June to July   118   77   $344 675  12.69% Great stats for the turn around in ...

Westjet adding summer flights between Fort McMurray and Kelowna airports

CTV Calgary Published Monday January 20, 2014 Westjet is adding more routes to their scheduling commencing May 12, 2014. Including 7 flights a week for those travelling from Fort McMurray to Kelowna - Depart 10:25pm Arrive 11.27pm.  Kelowna to Fort McMurray - Depart 7:30am Arrive 10:23am.