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Reviewing Recent Changes in British Columbia's Housing Plan In the last couple months there have been some big announcements from the provincial Government regarding initiatives under the 'Homes for People' plan, aiming to enhance housing affordability and increase density. Whether you're a homeowner, renter, or property investor, these updates are to keep you ahead of the curve and make sure you plan accordingly so you don’t get an unnecessary tax bill or to allow you more time to plan to maximize the true potential for your homes value. This week we are looking at the top 4 initiatives that ..read more

In honour of what is supposed to be opening week at Big White (not enough snow) This week we are going to look at the Big White real estate market to see how it is fairing In the last year we have seen investment property purchase drop off due to the increased costs in borrowing and in real estate itself the financial sense just wasn’t quite there. Amid all the short term rental restrictions coming to British Columbia, Big White will be a market that stands to benefit as they don’t appear to be impacted and especially if investors like to ski and snowboard. This week we are going to look at th ..read more

20,000 Homes Coming to Kelowna? It is not Christmas yet but two weeks ago, the Government of Canada announced an allocation of $31,500,000 to Kelowna to aid in providing affordable housing. While the specifics of how the funds will be used are not yet clear, Kelowna Mayor Tom Dias indicated at a recent UDI Luncheon that his team is working through the details. He noted that most of the funding is expected to cover infrastructure costs or help in acquiring more city-owned land for public benefit. This week, we turn our attention to the ambitious plan to construct an additional 20,000 homes. The ..read more

Sales in October was down at 54% the amount of sales as the 10 year average and inventory is increasing slightly but we will see more and more homes come off the market as we head into the normal seasonal slowdown which will likely even that out. It is a good time now for serious sellers to set themselves apart from the others that are not serious. Although activity will continue to slow in the real estate market we still saw 268 sales in October which means 268 buyers made the purchases despite the high interest rates. The further we head into fall and transition into winter typically the onl ..read more

The Association of Interior Realtors just released the 3rd Quarter report on the Okanagan. This week email is going to look at this third quarter report so you have it right from the source. I have copied much of it below anything from the report has been bolded it for clarity reasons. If you do want to read the full report, click here. My biggest take away from the report is near the end regarding the mortgage payments and the consensus from Equifax reports that payments have been made on time, there could be a lag between the reports and what is being experienced on the front line, I had spo ..read more