vernon real estate Archives

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

Okanagan/Shuswap Real Estate Statistics – July/August 2017

Typical of most summers, the real estate market moderated slightly in July, down 6% from June and down 2% from July last year. Prices in our region continued to reflect strong demand for the available supply. The average home price in July reached $504,712, down slightly (1%) from June, but up 6% from July last [&hellip

Okanagan & Shuswap Real Estate Statistics – Oct/Nov 2016

2016 is winding down and the experts are starting to forecast what 2017 will look like for B.C.’s real estate market. Over the past month real estate sales slowed. A number of factors suggest we could be heading for a gradual downturn. BCREA suggests less robust economic conditions combined with government policy constraints will slow [&hellip

Our Unbalanced Fall Real Estate Market

After a wild summer the fall real estate market felt almost sluggish in the Okanagan/Shuswap, but compared to October last year sales in the North Okanagan were still higher. Our Shuswap region saw a slight decrease. These past 12 months have been a roller coaster ride with major changes to the Canadian financial and real [&hellip

Okanagan/Shuswap Real Estate Market – March/April 2016

The spring real estate market has taken off! The phones and email are coming in 24/7. The Listing and Conveyancing departments at RE/MAX Priscilla are working at warp speed to keep-up with paper work, lying awake at night hoping nothing has been missed. It’s a bit frantic, but a welcome and exciting change from 2014 and [&hellip

Chinese Real Estate Investors

We have seen a few Chinese investors checking out the North Okanagan and Shuswap… Listening to our RE/MAX network in the U.S. we do know is Chinese Buyers have been active in California over the last three to four years. Top Realors report most Chinese Buyers are looking for strong investment opportunities first and ‘explore’ [&hellip

What Sold, Who Bought & Who Didn’t in 2015? What’s Ahead for 2016?

The North Okanagan real estate market ended 2015 on a low note. Here’s an overview of what sold, who bought and who didn’t buy in 2015 – and what’s ahead for 2016. North Okanagan Real Estate Sales and Listing Statistics Multiple Listing Service (MLS) sales in our zone were 4.7% lower in 2015 compared to 2014 [&hellip

New Minimum Down Payment Rules

Down payment requirements are changing in Canada The housing market is booming in areas like Vancouver and Toronto. Rumors have been circulating for a few weeks but today Finance Minister Bill Morneau made his official announcement. In an effort to maintain a healthy and stable housing market there will be an increase to down payment [&hellip

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

Silver Star Mountain Resort - Welcome Sign

Winter 2015/2016 at Silver Star Mountain Resort

New for Winter 2015/2016 at Silver Star Mountain Resort! Did you hear about the new and exciting changes at Silver Star Mountain Resort? Here’s a summary. Check out the full details at www.skisilverstar.com 130+ acres of new terrain on the mountain including 90+ acres of new intermediate level terrain and 20+ acres of expert-level tree skiing. A [&hellip

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