It’s been a typical late summer and early fall. Everyone was enjoying the last days of summer and vacation and now it’s back to work and school. August 2016 real estate sales were fewer across the Okanagan/Shuswap region compared to July. Overall, sales dropped about 2% last month – but don’t let that fool you, [&hellip
Read MoreThis week Canada’s Finance Minister announced tougher qualifying rules for insured mortgages. As of October 17, 2016 insured buyers will qualify to borrow much less. Under the old rules, buyers could borrow more money because they could qualify for an insured mortgage using a full discounted rate for 5 years, provided they took the 5-year Fixed [&hellip
Read MoreThe Okanagan/Shuswap real estate market moderated slightly in July compared to June. Fewer units sold and prices remained comparable as did days to sell but the market is still favoring the seller. The number of buyers coming to the region is higher than the number of new and active listings. Until we see some new [&hellip
Read MoreEquifax has updated its scoring system. ‘Beacon 9.0’ is touted by Equifax as the industry’s ‘leading-edge scoring system. While it maintains consistency with prior scoring criteria, it now provides refinements. These refinements reflect changes in consumer lifestyle and the market. It’s a scoring system that more effectively evaluates new prospects. It predicts the probability [&hellip
Read MoreAs of August 2, 2016, any home purchased in Metro Vancouver by a foreign buyer will be subject to the Property Transfer Tax (PTT), a new 15% tax by the B.C. government. The tax legislation is part of the B.C. government’s efforts to relieve pressure on Metro Vancouver’s overheated residential real estate market, and address low vacancy [&hellip
Read MoreA retirement celebration and a fond farewell to our dear friends, Al and Gloria Siemens! Al and Gloria joined Priscilla and Company more than 20 years ago. A power couple, always busy and always on the go! Tireless runners, they traveled every road in the Okanagan and Shuswap and put more than 170,000 kilometers on [&hellip
Read MoreBreaking real estate records in the Okanagan-Shuswap! From Peachland to Revelstoke, we’re seeing rising prices and short turn-around times between listing and selling. Hard to believe a year ago the North Okanagan-Shuswap real estate market was slow. Nothing has been straight forward this past month. Multiple offer scenarios, complex negotiations, and tight timelines have become [&hellip
Read MoreThe day was chilly and grey. The rain blew sideways… but it couldn’t dampen our spirits! A sincere thank you! With support from our friends the team at Priscilla and Company gratefully collected $4,837 in donations for the Canadian Cancer Society – Relay for Life. On June 11, 2016 we proudly cheered on our courageous cancer survivors at [&hellip
Read MoreThe real estate market is showing no signs of cooling. The BC Real Estate Association reports a 30% increase in real estate sales during April 2016 compared to April 2015. Peachland to Revelstoke, overall real estate sales of properties and homes in April 2016 climbed 40% – that’s 1,208 units compared to April 2015! Meanwhile, [&hellip
Read MoreWhether you compare customer satisfaction, repeat and referral clients, properties sold, or share of active real estate listings, RE/MAX is your obvious choice. Here’s how your local real estate brands stack up! Locally In the Okanagan, RE/MAX is synonymous with success. RE/MAX Vernon consistently enjoys a 40%+ market share for listings and properties sold in the North [&hellip
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