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Real Estate Market, Canada

Will housing market slow  into a recession? A new report by BMO Nesbitt Burns suggests that Newfoundland and Labrador could slip into a shallow recession this year with Alberta on the borderline. The outlook is for NL to see negative growth of 0.5 per cent as the province suffers from the weakened oil industry. Alberta is expected to be flat at best but could also slightly tip into negative growth ...

Okanagan Shuswap Market is Breaking into a Seller's Market

Many people mistakenly think that the most important statistic to reveal what is happening in the Okanagan Shuswap Real Estate market is the sales activity or prices. This is incorrect. The absorption is the best indicator of the market. In our statistics we watch the average absorption of all single family residential housing. This has been shown over the years to give us the most accurate ...

Back to an old staple investment from the past.

Before the boom from 2003 to 2007 it was a great investment to buy a home with a suite in the basement. You could buy the property for around $200 -$250,000 and the rent from the 2 units would not only cover the mortgage but there was positive cash flow left over to pay down the mortgage faster, create a reserve fund or just simply spend. After the prices shot up in the boom that was ...

Did you know sometimes it's better to offer list price?

Many people like to think of themselves as great negotiators. However, this belief often costs people a lot of money and heartache. As the market continues to rise more and more people are getting beat out of houses they want to buy because they want to negotiate hard. This is a stage in every rising cycle until buyers realize what kind of market it is. This is a seller's market. ...

Okanagan Shuswap Market is Breaking Into a Seller's Market

Many people mistakenly think that the most important statistic to reveal what is happening in the Okanagan Shuswap Real Estate market is the sales activity or prices. This is incorrect. The absorption is the best indicator of the market. In our statistics we watch the average absorption of all single family residential housing. This has been shown over the years to give us the most accurate ...

Is My Home Ready For Sale?

OK people, you are wanting to list your biggest prized possession on the market for sale! GREAT! But, is your house ready for sale? Before you start digging out your house keys to hand them over to a buyer, there are some things that you should consider doing to maximize the potential return on, this, your biggest investment. You want to get top dollar for your place don't you? So here is ...

Reasons to Move to Salmon Arm

If you like fresh air, nice people, that hometown feeling, hiking, birds and living by a lake, nestled in the hills, then Salmon Arm is the place for you. Salmon Arm won 7th best place to retire in Canada and 3rd best little city in Canada in 2014. The main industry in Salmon Arm is four-season tourism, so residents and visitors alike have no lack of fun things to do all through the year. Salmon ...

Did you know that the seller is obligated by law to disclose "Material Latent Defects"?

The first question that comes to mind is, "What is a Material Latent Defect?". This is a defect that cannot be discovered with a reasonable inspection of the home that affects the home's value or safety. Examples of Material Latent defects are previous water damage or settling in the house, whether the house was used as a grow-op, a violent death or suicide in the home, insect infestation, ...

Sunday Open House- Easthill Duplex

Have a buyer looking for a built in income generator or needs a separate unit for an in law? Check out my open house this Sunday from 1-3 pm for this great Easthill duplex that looks like a home! .http://www.century21.ca/Property/100995911

Okanagan lifestyle for under $100k

Check out my new listing in the Newport Beach Resort Park! http://www.century21.ca/Property/101049648