I was recently sent this article by Karen Shale a local mortgage broker with LendingMax here in Kelowna. Karen offers a straight to the point and excellent explanation of each of the new federal lending rules that were recently announced by Jim Flaherty, Minister of Finance. These new lending regulations take effect April 19,2010. Here's the article:
Here is the official announcement ...
Posted by Jason Neumann
on February 21, 2010
There are currently 75 foreclosures (as of January 10,2010) amongst the entire listing inventory for the Central Okanagan. There was a slight decrease of 3 properties in the foreclosure inventory from last month.
The foreclosure inventory breakdown is as follows:
4 Lots and Acreages ($115,000 to $590,000) with no pending sales.
32 Single Family Residential ($199,000 to ...
Posted by Jason Neumann
on January 24, 2010
The Home Renovation Tax Credit is a non-refundable tax credit based on eligible expenses for improvements to your house, condo or cottage. It can be claimed on your 2009 income tax return. It applies to work performed or goods acquired after January 27, 2009, and before February 1, 2010 under an agreement entered into after January 27, 2009.
Important notice. Eligible expenses for goods acquired during ...
Posted by Jason Neumann
on January 18, 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
Buyers have so many choices these days. But after narrowing down the location and selecting the type of home you want to purchase (single-family or condo) , there’s one more decision to make: Should you buy a new home or an existing one?
The answer depends upon both your budget and lifestyle.
Open up your local newspaper on any given day, and you’re likely to see ads from builders touting ...
Posted by Jason Neumann
on January 9, 2010
There are a total of 63 foreclosures amongst the entire listing inventory. That is an overall change of 4 listings to the overall inventory from October,2009 to November,2009.
Current foreclosures of all Central Okanagan listings represent 1.53% of the total listing inventory!
The breakdown is as follows:
3 Lots and Acreages ($115,000 ...
Posted by Jason Neumann
on November 8, 2009
The following article was written by Don Lawby President of Century 21 Canada:
Bidding Wars
I recently told The Financial Post for its article, "Housing Market Rebound Outstrips Expectations," that I believe any radical upward movement in home prices will be met with a pullback in demand because the economy is still not strong enough to support major increases.
That said, there are a few hot ...
Posted by Jason Neumann
on November 4, 2009
Are you thinking of selling your home soon? Are you currently interviewing real estate agents? If so, then this video blog is just for you! Today's real estate market is extremely competitive and challenging for Sellers. You need to have the right tools and resources to effectively market your home. This video blog will shed some light as to why online marketing and ...
Posted by Jason Neumann
on October 18, 2009
There are a total of 57 foreclosures amongst the entire listing inventory. That is an overall change of 1 listing to the total number of foreclosures from September,2009 to October,2009.
Current foreclosures of all Central Okanagan listings represent 1.28% of the total listing inventory!
The breakdown is as follows:
4 Lots ...
Posted by Jason Neumann
on October 13, 2009
Current listing inventory as of August 28,2009:
Single Family Dwellings - 2091 properties including 12 pending offers
Strata - Condos - 1073 properties including 3 pending offers
Strata - Townhomes - 505 properties including 8 pending offers
Manufactured Home - 229 including 1 pending offers
Lots/Acreages - 937 ...
Posted by Jason Neumann
on August 28, 2009