There are currently 61 foreclosures (as of February 7,2010) amongst the entire listing inventory for the Central Okanagan. That is a decrease of 14 properties (-22.95%) in the foreclosure inventory from last month.
The foreclosure inventory breakdown is as follows:
2 Lots and Acreages (both at $115,000) with no pending sales
2 Manufactured Homes ($79,000 ...
Posted by Jason Neumann
on February 8, 2010
Buying a home can be stressful at times especially when it comes to obtaining suitable financing. Mortgage Brokers warn of making radical changes to your finances during the due diligence period and prior to completing. Here is some practical advice for Buyers to avoid causing themselves unneccessary headaches prior to completing their home purchase.
The Top 10 Things not ...
Posted by Jason Neumann
on January 11, 2010
Central banks around the world have pushed their lending rates to historic lows in an effort to stave off a total global financial and economic collapse. As a result interest rates have remained for the most part at these low levels with many investors trying to take advantage of other's mistimed purchases.
2010 will likely be the year when everything changes...
Here’s ...
Posted by Jason Neumann
on January 11, 2010
There are currently 78 foreclosures amongst the entire listing inventory for the Central Okanagan. There continues to be a trend of month to month increases in inventory levels of homes that are now in the foreclosure process.
The breakdown is as follows:
3 Lots and Acreages ($115,000 and $590,000) no pending sales.
39 Single Family Residential ($199,900 to ...
Posted by Jason Neumann
on December 14, 2009
Current listing inventory as of July 27,2009:
Single Family Dwellings - 2113 properties including 8 pending offers
Strata - Condos - 1035 properties including 3 pending offers
Strata - Townhomes - 533 properties including 6 pending offers
Manufactured Home - 236 including 0 pending offers
Lots/Acreages - 915 ...
Posted by Jason Neumann
on July 27, 2009
Current listing inventory as of June 11,2009:
Single Family Dwellings - 2108 properties including 13 pending offers
Strata - Condos - 1154 properties including 6 pending offers
Strata - Townhomes - 553 properties including 4 pending offers
Manufactured Home - 223 including 3 pending offers
Lots/Acreages - 864 ...
Posted by Jason Neumann
on June 11, 2009
Well, the speculation and anticipation of yet another rate decrease by the Bank of Canada became a reality today! The Bank of Canada reduced its key lending rate to a historical low of 0.5%. The move is intended to help jump start a rather fragile Canadian economy and get consumers out there spending again. Bottom line here is if you have a variable rate mortgage loan, you are ...
Posted by Jason Neumann
on March 3, 2009
For current foreclosure stats please visit: Okanagan Foreclosure Properties
Foreclosures are few and far between in the Central Okanagan today. The Kelowna Real Estate Market has returned to more of a balanced one with homes taking longer to sell and buyers have more selection. There are also a number of "Subject to Sale" deals where one home owner is waiting for another ...
Posted by Jason Neumann
on January 16, 2009
Although many real estate markets across Canada have been very sluggish in terms of sales, the month of December for sales in the Central Okanagan were quite encouraging. What did he say?!? Did I just read that sales last month were actually not too bad!? I know don't be too shocked! After all, Kelowna and its many neighbourhoods are still considered to be ...
Posted by Jason Neumann
on January 4, 2009
Consumers not willing to cut back on web, cellphones
Updated Thu. Oct. 23 2008 5:48 PM ET
CTV.ca News Staff
Canadian households are preparing to cut back on expenses in the face of economic recession but two items which were a luxury only a decade ago -- the Internet and cellphones -- are among the last items Canadians are willing to forgo. For full story see CTV.ca
Here is the ...
Posted by Jason Neumann
on October 29, 2008