housing market vernon bc Archives

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 per [&hellip

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 over [&hellip

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 mortgage [&hellip

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 perhaps [&hellip

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 hot [&hellip

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 Estate [&hellip

Congratulation Joe Pearson – 50 years as a Realtor

Joe Pearson Celebrating 50 years as a Real Estate Agent Joe Pearson knows a thing or two about real estate. He should, after all – he’s been a realtor for 50 years. Okanagan Mainline Real Estate Board president Kim Heizmann recently awarded Pearson with a long-service pin. “We typically award, on average, 11 25-year pins each year. [&hellip

Changes To Residential Tenancy Act – COVID-19

RESIDENTIAL TENANCY AGREEMENT CHANGED April 1, 2020 The BC Government recently announced a plan to support renters and landlords to help prevent the spread of COVID-19. The plan includes changes to the Residential Tenancy Act. These will be in effect for the duration of the provincial state of emergency. The Residential Tenancy Branch has resources [&hellip

SilverStar Shut Down For Season

SilverStar Shut Down For Season Due the the COVID-19 outbreak, SilverStar Mountain has taken steps today to shut down the mountain for the remainder of the 2019-2020 winter season. See the below release from the mountain, just released this afternoon. SILVERSTAR MOUNTAIN RESORT, BC, March 17, 2020 – We have continued to monitor the dynamic and [&hellip

What We Are Doing To Protect Our Client’s Safety

OUR CLIENT’S SAFETY Our client’s safety is a top priority at Re/Max Priscilla. We are taking extra measures to ensure that not only our Realtors and administrators but our clients, stay safe. COVID-19 and the way the virus is transmitted have made us keenly aware of our responsibility our clients, and our community. Buyers are [&hellip

Posts tagged with: housing market vernon bc