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
October 29, 2008
BCREA Fall Housing Forecast: Consumer Confidence Key to Housing Market Conditions
Vancouver, BC -The British Columbia Real Estate Association (BCREA) released its fall 2008 Housing Forecast today.
"BC Multiple Listing Service® (MLS®) residential sales are forecast to decline 28 per cent from 102,805 units in 2007 to 73,700 units this year. A modest 4 per cent increase to 76,500 ...
Posted by Jason Neumann
on November 2, 2008
Ont. to ban cellphone use while driving: reports - CTV.ca
Additional story from CTV.ca
Updated Mon. Oct. 27 2008 8:56 AM ET
The Canadian Press
TORONTO-- "Media reports say Ontario will join Newfoundland and Labrador, Nova Scotia and Quebec in banning cellphone use while driving.
There are several media reports that the Liberal government will introduce a bill to ban electronic distractions ...
Posted by Jason Neumann
on October 29, 2008
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
Septic System
There are still some areas within Kelowna and its surrounding areas where residential homes still rely on septic systems to deal with their waste materials. These areas originally were not serviced by a local municipality. The City of Kelowna has now initiated a long term goal changing most residences over to a public sewer system. Owners can choose to pay for the improvement ...
Posted by Jason Neumann
on October 29, 2008
I came across this story and have to admit that I was very surprised by it! The numbers for voter turnout in British Columbia were approximately 61.0% of total registered voters. On the surface that statistic seems to represent a decent show of voters but compared to prior election years it is considered low. Well, at the end of the day these are just statistics and ...
Posted by Jason Neumann
on October 17, 2008
Well, here it is once again a headline just begging for some attention, or at least a guy trying to get fis five minutes of fame! It would seem that if the media isn't reporting a complete real estate meltdown, then economists are chucking more fuel onto the fire they are creating amongst those that own real estate. Canwest News Service published an article which quotes Merrill ...
Posted by Jason Neumann
on September 27, 2008
Is there any real benefit to waiting to sell your Kelowna area home in the Springtime?
You or someone you know may be asking: "Is the Winter a good time to sell my home?" Although there is a common perception that the Spring is the best time to sell, there are some lesser known factors that cause this to not always be the case.
1. Although Spring is the time of year when more homes come on ...
Posted by Jason Neumann
on September 26, 2008
In an effort to protect and strengthen the Canadian housing market, the Governement of Canada has put a deadline on 40 year amortized mortgages. As of October 15,2008 it will a little more difficult for first time buyers to qualify for larger mortgages. It would be a massive understatement to suggest that this measure is being taken to avoid a similar crisis as the US real estate market ...
Posted by Jason Neumann
on September 26, 2008