Building Projects At All-time High in Kelowna

Central Okanagan homes prices by type

Klaudia Van Emmerik  Anchor/Reporter  Global News Construction is a familiar sight in Kelowna but there are more building projects on the go than ever before in the central Okanagan city. “We are having, from a planning perspective in our department, higher than average levels, higher than 2007 levels of development applications and that was our […]

Disruptive Technologies and Their Impact on Property Values

Disruptive technologies impact Real Estate

By Patrick J. Kiger October 27, 2016 In the near future, the real estate sector is likely to be disrupted by a host of technological advances ranging from artificial intelligence, driverless vehicles and the “internet of things,” to virtual reality (VR) applications that enable people thousands of miles apart to interact as if they were in […]

New Canadian Mortgage Rules Come Into Effect October 17th

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The Federal Government recently announced that the qualification rules for insured mortgages will change, effective October 17, 2016. The new changes reduce your buying power, or what you can afford to purchase. Effective October 17th, 2016: Homebuyers seeking an insured mortgage, regardless of how much they have for a down payment, will be subject to […]

Downtown Condos Snapped Up

Sole Kelowna

Posted: Tuesday, August 2, 2016 9:40 pm | Updated: 9:42 pm, Tue Aug 2, 2016. Steve MacNaull | Well, that didn’t take long. The 40 condominiums in the six-storey Sole Downtown building under construction at 1350 St. Paul St. sold out in only 40 days. In a play on the name, the development issued a self-congratulatory news release titled: […]

Rising Prices Boost Condo Sales

1295 St Paul Exterior Rendering with logo Final

Kelowna, BC – Big increases in the cost of single family homes in Kelowna is having a larger than expected impact on condo sales. Single family home values increased by nearly 20% in the past 12 months to an average of $617,517. As of June the average price of a townhome was $411.396 and condos […]

Vancouver Buyers Push the Kelowna Market at Record Pace

Sales Person and Customers Stock Image

  Kelowna, BC –Vancouver and BC Lower Mainland buyers are flocking to the Okanagan in record numbers. Buyers are cashing out and investing in the Okanagan where real estate is perceived as inexpensive in comparison. Vancouver and Lower Mainland buyers now make up 18.3% of all sales with another 6.5% of sales coming from other […]

Kelowna Real Estate Values Up 9.6% From March 2015

Mission Hills Estate Winery Kelowna BC

Kelowna, BC – The Okanagan Mainline Real Estate Board (OMREB) reports that 847 MLS® residential sales were recorded for the month of March, up 26.8% from March 2015. Last month was the second strongest March on record. Home sales reached a record 892 units in March 2007. The average residential price was up 9.6% to […]