Market Update

April 2021 Market Update

April 2021 Market Update

April 2021 MARKET UPDATE Well here we are into May and Covid is still dictating our movements! The only topic that gets as much attention is the Real Estate Market, and like covid, it has been coming in waves! Over the past few weeks, we have noticed a slight slowing trend but this is …

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Mortgage ‘Stress Test’ Rules Becoming More Stringent

Mortgage ‘Stress Test’ Rules Becoming More Stringent

The hot housing market has gained the attention of the Government who are now making the mortgage ‘stress test’ rules even more stringent. Proposed changes to mortgage rules could make buying a home even more difficult now. The federal banking regulator is looking at increasing the so-called “stress test” in an effort to cool …

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March 2021 Market Update

March 2021 Market Update

MARCH 2021 MARKET UPDATE We hope everyone had a bit of Easter Weekend happiness despite the chilly weather! Our time of living with COVID seems to be dragging on forever, yet we suddenly find ourselves in the middle of April and summer just around the corner! It has been a frantic, stressful, first quarter in the North Okanagan Real …

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Coronavirus And Real Estate – What’s The Impact?

Coronavirus And Real Estate – What’s The Impact?

CORONAVIRUS AND REAL ESTATE – WHAT’S THE IMPACT? March 13, 2020 COVID-19, also called the coronavirus is a respiratory illness the World Health Organization has deemed a pandemic. While it has not yet affected the start of the spring real estate season yet, it could. But what isn’t clear is what that means for …

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SilverStar Mountain Gets Approval to Form Association

SilverStar Mountain Gets Approval to Form Association

SilverStar Mountain Gets Approval To Form Association March 11, 2020 SilverStar, BC – The BC government has given the ‘go ahead’ to the residents and businesses of SilverStar Mountain Resort to form an association, which could pave the way for a number of economic and social benefits in the North Okanagan. The Silver Star …

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Mortgage Stress Test Changes – What You Need To Know

Mortgage Stress Test Changes – What You Need To Know

New Mortgage Stress Test Rules February 20, 2020 This coming April, the government will change the rules that cover mortgage lending. These changes should make it easier to qualify for a loan to buy a home. As of April 6, the so-called “stress test” for mortgages will be calculated in a new way. The …

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Applications For Secondary Residences on ALR Land Nearing Deadline

Applications For Secondary Residences on ALR Land Nearing Deadline

Deadline Approaching for ALR Secondary Residences Application January 20, 2020. – A recent decision to cease the taking of applications for secondary residences on ALR land is coming near. The deadline imposed by the Regional District of North Okanagan (RDNO) to submit applications is Thursday, January 23, 2020. As of February 22, 2020, it …

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Stress Test Impact On BC Home Sales

Stress Test Impact On BC Home Sales

Stress Test Impact On BC Home Sales July 16, 2019 Was the B20 Mortgage Stress Test the main cause of home sales across Canada plummeting to start 2018? Were there other factors?  The implementation of new federal and provincial housing policies designed to temper the hot BC housing market could have been a cause? …

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RBC Offering Great Mortgage Rates

RBC Offering Great Mortgage Rates April 9, 2019 Well, it finally looks like spring has sprung in the Okanagan and we hope that you are getting outside to take advantage of the beautiful weather. Now it’s your turn to take advantage of some great mortgage rates offered by the big banks! All signs are …

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February 2019 Real Estate Market Stats

February 2019 Real Estate Market Stats

February 2019 Real Estate Market Stats March is here and the sun is shining! Hopefully, Spring is on its way. In Real Estate, February was another month where the market continued to correct. Sales volume, average price and days on market for single family homes in the North Okanagan residential market seem to have …

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