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Big Assessements Won’t Turn Into Huge Property Tax Increase

Big 2022 Assessments Won’t Turn Into Huge Property Tax Increase Vernon, BC – North Okanagan residents were shocked to see the new 2022 BC Property Assessments come out and like many, we are all concerned that this would turn into huge property tax increases.  However, that is not necessarily the case. Local assessments for …

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Silver Star Nordic Trails Open Friday!

Silver Star Nordic Trails Open Friday!

NORDIC TRAILS OPEN FRIDAY! The opening dates for the Nordic trails at Silver Star Mountain Resort have been updated for 2021-2022 ski season. With the recent snowfall and wetter than expected November, heavy snowfall has hit the mountains and allowed Silver Star to open their Nordic Trails ahead of the Downhill opening dates.  Nordic …

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2021 RE/MAX FALL HOUSING MARKET REPORT

2021 RE/MAX FALL HOUSING MARKET REPORT

2021 Re/Max Fall Housing Market Report Early indicators from RE/MAX brokers and agents across the Canadian housing market suggest steady activity for the remainder of 2021. According to the RE/MAX Canada 2021 Fall Housing Market Outlook Report, RE/MAX brokers and agents expect the average residential sale price for all home types could increase by five …

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End Of Summer Market Review

End Of Summer Market Review

END OF SUMMER MARKET REVIEW Well here we are, sadly,  at the end of summer, but hopefully also near the end of the smoke and devastation.   As children return to school and we try to go back to more normal routines, we are reviewing the stats to see how the Real Estate Market fared …

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Be Fire Smart As A Homeowner

Be Fire Smart As A Homeowner

BE FIRE SMART AS A HOMEOWNER Being fire smart as a homeowner is not difficult and with all of the recent fire activity in the summer there are some basic facts and information that you should know and be aware of.  Most of this information comes from local and Provincial websites and information portals. …

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Mortgage Qualification Rate Increased For Buyers

Mortgage Qualification Rate Increased For Buyers

If you are looking to buy a home it just became a bit more difficult.  New Mortgage qualification rates changed on June 1st  over-riding the previous ‘stress-test’ rules. The Government of Canada has in fact changed the qualification rate for all mortgages to be 5.25% as of June 1st– which will effectively reduce the …

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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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Silver Star Mountain Resort Association Updates

Silver Star Mountain Resort Association Updates

  News from the Silver Star Resort Association Welcome to the second newsletter from the Silver Star Resort Association (SSRA). We continue to move ahead with plans to establish a dynamic and visionary Association for our community. As a not-for-profit body, the SSRA’s core focus lies firmly on amplifying Silver Star’s already enviable reputation as a …

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