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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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Bank of Canada Holds Rates

Bank of Canada Holds Rates

Bank of Canada Holds Rates Again December 4, 2019 – The Bank of Canada kept its key interest rate on hold where it has been for more than a year as ongoing trade conflicts and related uncertainty continue to be a pressure on the global economy. The central bank’s overnight rate target has been …

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POWDR Buys SilverStar Mountain Resort

POWDR Buys SilverStar Mountain Resort

POWDR Purchases SilverStar Mountain Resort December 3, 2019 – SilverStar has just announced that it has sold its operation to a US-based company POWDR. Details of the purchase have not been disclosed. POWDR is an adventure lifestyle company with destinations across North America. The US-based adventure lifestyle company has numerous destinations across North America. …

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2020 Ski Nationals At Sovereign Lake

2020 Ski Nationals At Sovereign Lake

Ski Nationals at Sovereign Lake Nordic Centre October 16, 2019 Announced last fall, the 2020 national championships for cross-country skiing will take place at the Sovereign Lake Nordic Centre (SLNC), 20 minutes from Vernon and only minutes from SilverStar Mountain, on March 25 to April 2, 2020, and will attract over 800 athletes plus their …

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Rules Changed For The Better

Rules Changed For The Better

Rules Changed For the Better October 16, 2019 Well, there have been some slight changes to the wording around the rules Realtors must obey in regards to dual agency, conflict of interest, disclosures of representation and remunerations. After a year of using the forms, the Real Estate Council of BC has amended the forms …

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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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New First Time Home Buyer Incentives Announced

New First Time Home Buyer Incentives Announced

The Federal Liberal government, in their latest budget before that was released in March, introduced new First-Time Home Buyer Incentives, but didn’t have many details of the program. Well, newly released details have these incentives scheduled to take effect in September 2019.  The new $1.25-billion program will allow new first-time home buyers to apply …

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