real estate market stats Archives

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 stress [&hellip

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? Higher [&hellip

RBC Offering Great Mortgage Rates

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 pointing [&hellip

Home Prices Up, Sales Slowed – October 2018

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 to [&hellip

June 2018 Real Estate Update – More Listings, Less Sales

June 2018 Real Estate Update – More Listings, Less Sales June 2018 Real Estate Update – The good news/bad news scenario has continued for Real Estate sales in the North Okanagan. According to statistics from the Okanagan Mainline Real Estate Board, overall sales are down slightly from last month, but the drop compared to last [&hellip

April 2018 Real Estate Update – A Mixed Bag

April 2018 Real Estate Update – A Mixed Bag April 2018 Real Estate Update – In a statement from the Okanagan Mainline Real Estate Board, OMREB President Marv Beer indicated what many in the industry already knew – the market is down. However, April was up over March but down over April of 2017. Knowing [&hellip

Okanagan/Shuswap Market Update – March 2018

March A Mixed Bag In Latest Real Estate Market Update The residential sales and market update for the region of Revelstoke to Peachland was up in March, (25% over the previous month), yet it was a downward trend over last year (down 24%) during the same month according to the Okanagan Mainline Real Estate Board [&hellip

BC Speculation Tax – North Okanagan Update

BC Speculation Tax – North Okanagan Update April 4, 2018 The BC Government announced their proposed speculation tax just over a month ago in the now tabled BC Budget, and while there have been plenty of questions, there have been very few answers. This has caused a lot of unnecessary anxiety in the market and caused [&hellip

Okanagan/Shuswap Market Update – January 2018

A strong showing in January year over year has market sales up! The overall market took a turn for the better this January as residential sales across the region of Revelstoke to Peachland totaled 449 in January, holding the same pattern that was seen in December but showing a strong 27% increase over the same [&hellip

Okanagan/Shuswap Real Estate Statistics – September 2017

A summer of floods, fires and smoke is suddenly over and the blue skies are back! Autumn brings a quiet calm as everyone falls back into work and school routines and the real estate market also seems to be on a bit of a break! Despite a slower, non-typical September, we continue to see market [&hellip

Posts tagged with: real estate market stats