CENTURY 21 Executives Realty Ltd. - Blog

Viewing Posts for July 2014 19 Posts Found.
  1. USA will likely help the already rising Real Estate Market in the Okanagan Shuswap

    The GDP (Gross Domestic Product) in the United States contracted 2.1 % in 2013. This was the last year of downturn. In looking at the growth so far this year, economists are projecting a whopping 4% growth in GDP in the US for 2014. Growth was driven primarily by stronger consumer spending. Americans are the greatest consumers of the world which continues to guarantee their recoveries even after their ...

  2. Hot Weather makes for hot market

    The sun comes out and so do the real estate sales . The recent hot weather in the Okanagan has matched the recent hot sales in the real estate market . It is the fourth staright month of extremely high absorbtion rates has lead to very high sales . These new highs have also created a steady increase in prices for homes . As the inventory decreases the average sale increases , so now is the time to ...

  3. Bank of Canada announced on July 16, 2014

    The Bank of Canada announced on July 16th, 2014 that it was keeping its trend-setting overnight lending rate at 1 per cent.   The overnight rate has not moved in almost four years, and the Bank’s July announcement and accompanying Monetary Policy Report (MPR) suggest the most likely scenario right now is that the overnight rate will remain parked where it is for at least another ...

  4. VERNON BC LOCAL ATTACTIONS
    VERNON BC LOCAL ATTACTIONS

    Check out the small car, car show this Sunday at the Vernon Toyota Parking lot.  You will see amazing cars including .......                   

  5. Bank of Canada cuts forecast amid ‘serial disappointment’ with economy’s recovery

     Finacial Post - Gordon Isfeld | July 16, 2014 OTTAWA — For almost a year, the Bank of Canada has been expecting key pieces of the economy to fall into place. That hasn’t happened. Instead of the long-anticipated rebound in exports and business investment, growth has been tepid as one forecast after another — for Canada and globally — failed to deliver as advertised. ...

  6. 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 ...

  7. Great article on Real Estate Investment Partnerships by Richard Dolan

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

  8. 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 ...

  9. 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

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

  11. 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 ...

  12. 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 ...

  13. 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 ...

  14. GREAT NEWS! READ ALL ABOUT IT!

    JUNE STATS ARE IN....  For the North Okanagan, BC                                              Days on Market          Sales          ...

  15. 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.

  16. Okanagan Shuswap Real Estate Report

    Did you know that making a low-ball offer can result in the buyer paying more? In the recession buyers controlled the market. They could offer anything they wanted and sellers had to consider every offer. That has changed. Realtors are finding that buyers who do not move fast and do not write offers close to the list price are losing out on good deals. There are offers pending on many of the houses ...

  17. Real Estate is a Local Investment!

    Real estate is an investment that can vary dramatically across the country, and even within the same city.  One area of the country can be experiencing a boom, while another is experiencing a bust. The same applies the provincial level, regional level, city level, and even within neighourhoods.  It truly is a ‘local’ investment, with each property having its own unique characteristics ...

  18. Did you know that making a low-ball offer will usually result in the buyer paying more?

    In the recession buyers controlled the market. They could offer anything they wanted and sellers had to consider every offer. That has changed. Realtors are finding that buyers who do not move fast and do not write offers close to the list price are losing out on good deals. There are offers pending on many of the houses that Realtors are trying to show buyers and many of them are going for close to ...

  19. More Okanagan Shuswap Homes are selling for more money...

    The Real Estate market in the Okanagan Shuswap is shifting to a seller's market. After 2 quarters of 2014 home sales in the Okanagan Shuswap are showing a steady climb. Prices are up anywhere from 3 to 5%. Sales activity is up. Inventory is down and the absorption is up across the board. Generally when absorption passes 12 to 14% it is assumed that the market has shifted from a buyer's market ...

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