Okanagan/Shuswap Real Estate Market – April/May2017
Posts tagged with: real estate market
Okanagan/Shuswap Real Estate Market – April/May2017
May was a fast, wet month. Our local lakes continue to rise and we sympathize with everyone feeling ‘flood fatigue’. May also reminded us, it’s the kind and resilient people who make the North Okanagan and Shuswap an amazing place to call home. Gratitude Disasters bring an abundance of unnamed heroes – the selfless property [&hellip
Read More
BC Housing Action Plan – Home Partnership Program
The BC Provincial Government announces program to help first-time home buyers In the wake of rapidly rising real estate prices in 2016 the BC Provincial Government announced a province-wide program to support first time home buyers entering the real estate market. Starting January 16, 2017, the Province will partner with first time home buyers, providing [&hellip
Read More
New Property Transfer Tax – B.C.’s Real Estate Market
As of August 2, 2016, any home purchased in Metro Vancouver by a foreign buyer will be subject to the Property Transfer Tax (PTT), a new 15% tax by the B.C. government. The tax legislation is part of the B.C. government’s efforts to relieve pressure on Metro Vancouver’s overheated residential real estate market, and address low vacancy [&hellip
Read More
Okanagan Real Estate Market – November 2015
Wildly diverse Okanagan and Shuswap real estate markets Oil prices received a beating this year, but BC is experiencing a strong economy and housing demand in most (not all) BC communities has been strong. Rock bottom mortgage interest rates and vigorous population growth are providing a strong foundation and boosting confidence. Year-to-date, Okanagan Mainline Real [&hellip
Read MoreOkanagan Real Estate Market – October 2015
Fall 2015 – A Disappointing Real Estate Market We are well into the fall market. Kelowna is having a record year. While we are still busy to the north in Vernon, the actual sales activity in the Okanagan-Shuswap is best described as ‘disappointing’. You might not know it from the news reports, but the North [&hellip
Read More
Okanagan Housing Market – Summer 2015, Hot & Cold
It was a hot and busy summer! Nationally, Canadian real estate sales volume edged up 0.3% between July and August. Across the Okanagan and Shuswap we saw vastly more variation. After a vigorous run-up in sales volume (not price) during 2014 our North Okanagan market cooled this year, and then declined in August. Want more stats? The [&hellip
Read More