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 …

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. …

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 …

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 …

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? …

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 …

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 …

We Want To Hear From You! We are working on growing our business and getting our name out into the social community more and more.  One of the best is by getting customer reviews and followers on social media. Positive reviews from awesome customers like you help others to feel confident about choosing RE/MAX …

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 …

Home Prices Up, Sales Slowed – October 2018 Home prices have continued to rise month over month in the North Okanagan and Shuswap. There was a slight rise in September and another 3% rise again for single family homes again in October. However sales were down again month over month and new listings continued …