The Unexpected Benefits of Townhouse Living in Kelowna
KelownaHomes Team Blog
by kelownahomesteam
1y ago
If you’re looking to move to Kelowna and you want the best of both worlds—the convenience of living close to downtown but with a bit more space than an apartment—then a townhouse might be just what you’re looking for. Townhouses are the ideal blend of city living and suburban luxury, boasting generous living spaces and plenty of amenities. Here’s what you should know before you make the move!  Amenities Galore  Townhouses often come with loads of amenities that make life easier and more enjoyable. Many townhouses feature indoor pools, gyms, saunas, hot tubs, party rooms for entertain ..read more
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Understanding the Residential Anti-Flipping Rules
KelownaHomes Team Blog
by kelownahomesteam
1y ago
Have you ever fantasized about becoming a real estate mogul? Well, the Canadian government has thrown a wet blanket on those dreams with its new residential anti-flipping rule. Under the new regulations, any profit from the sale of residential real estate (including rental property) within a year would be taxed as business income and ineligible for either the 50 percent capital gains rate or the principal residence exemption. So if you were hoping to make a killing by flipping houses, think again! Let’s dive into this topic further to understand why this rule was put in place and what it means ..read more
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BC Property Assessments
KelownaHomes Team Blog
by kelownahomesteam
1y ago
If you’re a British Columbian, chances are you’ve checked your property assessment online. And if you’re like most BC homeowners, you probably weren’t too happy with what you saw. With assessments soaring by double digits over the past year, many homeowners are feeling frustrated—and rightfully so! But don’t despair! There are still ways to fight your property assessment increase.  Understand How Assessments Are Calculated  The first step is understanding how assessments are calculated. The BC Assessment Authority assesses properties on July 1st every year, and that assessment is bas ..read more
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Foreign Buyer Ban
KelownaHomes Team Blog
by kelownahomesteam
1y ago
In 2021, it was announced that a foreign buyer ban would be imposed on BC real estate. This means that non-Canadian people and businesses are prohibited from buying residential properties for two years. Let’s take a deeper look at what this means for non-Canadians looking to invest in Canadian properties. What the Ban Means For Non-Canadians The foreign buyer ban is an attempt by the provincial government to make residential properties more affordable for British Columbians. The idea behind the ban is that it will help reduce speculation in BC’s real estate market, which could ultimately lead ..read more
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The Home Buyer Rescission Period
KelownaHomes Team Blog
by kelownahomesteam
1y ago
Buying a home is no small feat. It’s an exciting and sometimes nerve-wracking process that requires a lot of thought and consideration. But what happens if you decide to back out of the deal? Let’s explore the Home Buyer Rescission Period in British Columbia and what it means for prospective homeowners!  What is a rescission period?  The rescission period—or cooling-off period, as it’s sometimes referred to—is a prescribed time frame mandated by law where buyers can cancel their purchase agreement.  In BC, this period is three business days long, meaning that home buyers have 72 ..read more
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Kelowna’s Finest Family Friendly Neighbourhoods
KelownaHomes Team Blog
by kelownahomesteam
1y ago
Whether you’re relocating to the Okanagan Valley or just looking for a change of scenery, Kelowna is the perfect place to call home. With its stunning views of Okanagan Lake and its abundance of outdoor activities, there is something for everyone in this vibrant city. And with so many great family-friendly neighbourhoods to choose from, you’ll be sure to find one that fits your needs. Here are some of our favourite areas in Kelowna that are perfect for families.  If your family loves spending time outdoors and enjoying nature, then Upper Mission might just be the perfect fit for you! This ..read more
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Winter Wonderland: Kelowna Edition
KelownaHomes Team Blog
by kelownahomesteam
1y ago
If you live in the Okanagan, then you know that winter can be a magical time of year. Despite the cold temperatures, there’s plenty of fun to be had. From skiing and snowshoeing to hot chocolate and cozy fireplaces, here are some of the best winter activities in Kelowna to keep you entertained all season long.  If you’re looking to view some magical Christmas displays, take a trip down Candy Cane Lane in Rutland. Candy Cane Lane is a two-block stretch of homes that are lit up with dazzling displays during the holiday season. It’s about 70 homes on Collison Road, Gramiak Road, and Mary Cou ..read more
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Is it a good time to buy or sell a home now that the market has shifted?
KelownaHomes Team Blog
by kelownahomesteam
1y ago
We hear this questions a lot and it’s not as easy as saying yes or no, it depends on each person’s individual needs, wants, and goals.   Because there are many people standing back and waiting to see what happens it creates an effect you may not be aware of. For the buying side, it allows the perfect opportunity to avoid multiple offers or bidding extremely high on a property when you are in competition.  Watching the trends over the years, history has repeated itself many times over and that is to say that when the market acts the way it is now, in Kelowna and surrounding areas, i ..read more
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THE BEST DRINK REBECCA HAS EVER HAD- IN HER LIFE!
KelownaHomes Team Blog
by kelownahomesteam
1y ago
Recently a friend and I met up at Micro Bar & Bites. It’s an intimate atmosphere that allows the choice to be a part of the social section of the restaurant, or if you prefer, be more private. One of my very favourite things is to have a lot of a little, as variety is the key to my happiness when it comes to trying new things and experiencing curated tapas style plates. You can be as adventurous as you’d like however there are plenty of options for those who feel like staying safely inside your box.  Photo Credit : @microkelowna Instagram Everything we tried (and there were many ..read more
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The How To Guide For Finding Off Market/ Sleeve/ Exclusive Listings
KelownaHomes Team Blog
by kelownahomesteam
1y ago
One of the things we are often asked about is how do you find a property when it’s not listed on the MLS or Realtor.ca. Thankfully we saw this trend occurring years ago for the need to be ahead of the curve when it comes to finding properties. We’ve said it many times, once it’s on the marketed to the masses, it’s already too late, especially for the many of you who express that you don’t  want to compete with other buyers, get into another multiple offer scenario, or simply just have a chance at the home you want to live, this is the most important factor to consider. For the general ..read more
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