Kelowna has high rate of home ownership
MONDAY, 02 JANUARY 2012 18:00 STEVE MACNAULL
A whopping 72 per cent of households in Kelowna own their own home. That's the third most in the country behind only Cape Breton Island at 75 per cent and Calgary at 73 per cent.
The just-released statistics come from Canada Mortgage and Housing Corporation's annual Housing Observer report that tracks not just ...
Posted by Trever Florko
on January 11, 2012
Is it worth tying your home up for the next 3-5 years?
Trying to decide if you should list your property for sale now or try to rent it for 3-5 years (or more) until the market improves? The answer to which direction to go is not an easy one. Many prospective Sellers are finding that they are having to weigh their losses. In this market many sellers are finding they are selling for less then ...
Posted by Trever Florko
on December 13, 2011
So you think that you can not flip a house in this market? WRONG!
A home located at 1893 Glenhaven Crescent in Kelowna was sitting on the market for a great price 399k...it needed work but nothing too crazy. The sellers had started to reno the home and then due to some circumstances they decided that they did not want to finish the job so they decided to sell it at a probable loss... A savvy ...
Posted by Trever Florko
on August 31, 2011
MEDIA RELEASE For Immediate Release: April 6, 2011
Housing Market Continues to Stabilize Moving into Spring
Kelowna, BC – The Central Zone of the Okanagan Mainline Real Estate Board (OMREB) reported March 2011 sales activity of all MLS® property types improved over last month but dipped compared to sales reported at this time last year when buyers were spurred into the market early ...
Posted by Trever Florko
on April 13, 2011
Article in the "Washington Times” January 4th
BACON: Go north, young man, go north
Canada is quietly surpassing the U.S. as the land of opportunity
By James A. Bacon
The Washington Times
6:29 p.m., Tuesday, January 4, 2011
Illustration: Canada and freedom
Unless the Winter Olympics are on television or someone ...
Posted by Trever Florko
on February 1, 2011
Changes to the Rules for Government Insured Mortgages Since October 2009, the Government of Canada has been systematically tightening mortgage financing regulations for all federally regulated lenders. The changes have been made in order to ensure that Canadians are prepared for higher interest rates in the future by not taking on too much debt, which will improve the stability of Canada's ...
Posted by Trever Florko
on February 1, 2011
July 2010 Real Estate Market Stats from the Okanagan Mainline Real Estate Board
Posted by Trever Florko
on August 5, 2010
HST - The full story from the Government of B.C. Canada.
What’s Taxable under the HST and What’s Not?
HST Basics
Posted by Trever Florko
on July 6, 2010
(Okanagan Real Estate Bord stats for June 2010)
Well...what can I say about the state of the market at the moment...its not very good. That about sums it up. We have the highest inventory levels EVER. That is right...we have never in the history of the Okanagan had more properties for sale. That combined with the fact that we are seeing the number of sales decline (they are down 20% from this time ...
Posted by Trever Florko
on July 6, 2010