Market Update

August Sales Held But Vacation And Lakeshore Improved

August Sales Held But Vacation And Lakeshore Improved

August Sales Held But Vacation And Lakeshore Improved By Michael Kinghorn August sales were slower for homes in the North Okanagan, showing a slight decline over last month, but despite the slower than anticipated market, there was still movement  in our higher end listings. This, despite all of the roadblocks put in place by …

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July Sales Improved – Strong August Next?

July Sales Improved – Strong August Next?

July Sales Improved – Strong August Next? By Michael Kinghorn July sales improved for Priscilla and Company, bucking the trend we are seeing in the North Okanagan. We were a part of one sale over $2MM and two more over $1MM, while also getting two more sales over $900K. That is in contrast to …

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June 2018 Real Estate Update – More Listings, Less Sales

June 2018 Real Estate Update – More Listings, Less Sales

June 2018 Real Estate Update – More Listings, Less Sales June 2018 Real Estate Update – The good news/bad news scenario has continued for Real Estate sales in the North Okanagan. According to statistics from the Okanagan Mainline Real Estate Board, overall sales are down slightly from last month, but the drop compared to …

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Is This The Time To Sell?

Is This The Time To Sell?

North Okanagan Real Estate – Is This The Right Time To Sell? By Michael Kinghorn All the talk recently has been about how the Real Estate market has taken a down turn. While that may be the case in larger urban centres such as Toronto and Vancouver, we don’t think that is the case …

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April 2018 Real Estate Update – A Mixed Bag

April 2018 Real Estate Update – A Mixed Bag

April 2018 Real Estate Update – A Mixed Bag April 2018 Real Estate Update – In a statement from the Okanagan Mainline Real Estate Board, OMREB President Marv Beer indicated what many in the industry already knew – the market is down. However, April was up over March but down over April of 2017. …

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Okanagan/Shuswap Market Update – March 2018

Okanagan/Shuswap Market Update – March 2018

March A Mixed Bag In Latest Real Estate Market Update The residential sales and market update for the region of Revelstoke to Peachland was up in March, (25% over the previous month), yet it was a downward trend over last year (down 24%) during the same month according to the Okanagan Mainline Real Estate …

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BC Speculation Tax – North Okanagan Update

BC Speculation Tax – North Okanagan Update

BC Speculation Tax – North Okanagan Update April 4, 2018 The BC Government announced their proposed speculation tax just over a month ago in the now tabled BC Budget, and while there have been plenty of questions, there have been very few answers.  This has caused a lot of unnecessary anxiety in the market and …

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BC Budget Impact To Real Estate In The North Okanagan

BC Budget Impact To Real Estate In The North Okanagan

Big changes to the real estate market in 2018 BC Budget The recently announced budget from the BC NDP government will have a dramatic impact on real estate, even in the North Okanagan, for both home owners and those wanting to purchase a home. Buyers and sellers in the North Okanagan did get some …

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What do tighter mortgage rules mean for the average buyer?

Tighter Federal Mortgage Regulations On January 1st we watched as Canadian rang in a New Year – and as the Federal Government rolled out its 7th round of mortgage tightening rules since 2008 (wow!). “Effective January 1, new federal mortgage tightening rules require borrowers with a down payment of 20% or more to face …

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Okanagan/Shuswap Market Update – January 2018

A strong showing in January year over year has market sales up! The overall market took a turn for the better this January as residential sales across the region of Revelstoke to Peachland totaled 449 in January, holding the same pattern that was seen in December but showing a strong 27% increase over the …

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