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Slow February for Okanagan real estate

Mar 10, 2014 / 3:23 pm

The Okanagan-Shuswap housing market saw another increase in activity last month over the same time period in 2013, but sales slowed in February compared to January of this year. The Okanagan Mainline Real Estate Board (OMREB) reported February sales activity were up eight per cent (average)...

Wilden: great prospects for 2014

Jan 10, 2014 / 1:45 pm

Blenk Developments had a successful year in 2013. Lot sales in Wilden were up 50% over 2012, and construction starts have been nearing pre-downturn volumes and are likely to continue into 2014. Alberta residents are coming out in record numbers and showing great interest in living in the City...

Housing starts trending higher

Nov 8, 2013 / 2:30 pm

The number of housing starts in Kelowna rose dramatically last month compared to September figures, and shows a solid upward trend over the past four months. A total of 125 homes began construction in October, almost double the 67 units in October 2012, including 55 single detached homes and 70...

No ceiling for housing sales

Oct 31, 2013 / 12:31 pm

You can expect both new home construction and MLS home sales to move higher in 2014. That according to Canada Mortgage and Housing Corporation's 'Fall 2013 Kelowna Housing Market Outlook Report.' "Stronger employment growth coupled with low mortgage interest rates will...

Sold! Real estate numbers move higher

Sep 5, 2013 / 1:39 pm

Numbers from the Okanagan Mainline Real Estate Board show that sales activity for the month of July improved when compared to the same month last year, but that was down slightly from June 2013. “July is typically slower than June, and even more so this year, as some areas have seen...

Lots of Possibilities – Wilden's Lot Finder

Sep 3, 2013 / 1:50 pm

Are you looking for a more efficient way to find the best building lots in town? Are you tired of driving by lot after lot without knowing if it fits your lifestyle and budget? If you are dreaming of a brand new home in one of Kelowna's most desirable neighbourhoods, finding your location has...

US home prices rise 12%

Aug 27, 2013 / 6:29 am

U.S. home prices rose 12.1 per cent in June from a year earlier, nearly matching a seven-year high. But month-over-month price gains slowed in most markets, a sign that higher mortgage rates may weigh on the housing recovery. The Standard &Poor's/Case-Shiller 20-city home price index...
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Win a home in free lottery

Jul 26, 2013 / 5:00 am

If you’ve been dreaming about finding that perfect new place to live, Kelowna’s Troika Group has a deal for you! And the best part is, it doesn’t have to cost you a cent! On Saturday, July 27 and Sunday, July 28, anyone who stops by Troika’s newest townhome development,...

Housing market begins to build

Jun 26, 2013 / 2:50 pm

Kelowna housing starts and home sales are forecasted to move higher in 2014, according to the Canada Mortgage and Housing Corporation (CMHC). Their 2013 spring outlook forecasts 1,000 homes in 2013 and 1,100 homes in 2014, with both single-detached homes and multiple-family starts expected to...

Recreational property sales rebound

Jun 25, 2013 / 4:03 pm

Recreational home sales are expected to increase this year on stagnant or lower prices and good selection, according to a report by real estate firm RE/MAX. The company said Tuesday that starting prices are down or unchanged in 77 per cent of the 31 Canadian markets surveyed outside...

US homebuilders optimistic about sales

Jun 17, 2013 / 10:42 am

For the first time in seven years, most U.S. homebuilders are optimistic about home sales, a sign that construction could help drive stronger economic growth in coming months. The National Association of Home Builders/Wells Fargo builder sentiment index released Monday leaped to 52 this month...

Kelowna luxury market best in Canada

May 8, 2013 / 4:54 pm

Kelowna found itself in elite company Tuesday, when in the space of one hour, top realtors from nine of the world’s most luxurious neighbourhoods gathered to share their market insights. The top-grossing realtors from Coldwell Banker offices in Paris, Miami Beach, Beverly Hills, Aspen and...

Kelowna housing starts and sales

May 8, 2013 / 11:29 am

New home construction in the metropolitan Kelowna area trended upwards in April according to information released by the Canada Mortgage and Housing Corporation (CMHC). Figures released Wednesday show the Central Okanagan trending at 842 units in April compared to 841 in March. The trend is...

Pace of housing starts slowed in April

May 8, 2013 / 6:08 am

Canada Mortgage and Housing Corp. says the pace of housing starts slowed in April, mainly because of a decline in urban multiple starts. The agency estimates there were 15,390 actual starts in April and extrapolates that to a seasonally adjusted annual rate of 174,858 units, down from 181,146...

The Cadence of a community

May 2, 2013 / 5:00 am

Just minutes from the Okanagan's best lakes, hiking trails, UBC-O, estate wineries, golf, and more, Cadence at The Lakes in Lake Country, BC, is a development that embraces the concept of community, not only for their residents but for those they employ as well. “It’s a local...

Attainable, sustainable Green Square

Mar 19, 2013 / 7:28 am

Kelowna-based Troika Management Corp., a land and real estate development company known for its commitment to community enhancement and environmental sustainability is proud to present Green Square. Photo: Contributed - greensquare.ca Inside Green Square A...

Lakewind, going, going, gone

Feb 21, 2013 / 2:52 pm

Don Warkentin and Joel Sherlock, principals of Fortune Marketing Inc, are pleased to announce that the sales of 47 condominium homes at Lakewind have now been completed. The new condominiums, which were marketed from November 7 to December 7 last year to local and out-of-town purchasers,...

Housing market will get lift

Jan 22, 2013 / 9:21 am

A Re/Max survey says 70 per cent of home sales in the next 24 months will be to repeat buyers with some previous experience as owners. The real-estate marketing organization says second-time or multi-time purchasers will be more fiscally conservative and don't plan to over-extend...

Vancouver home sales plunge 31%

Jan 3, 2013 / 11:13 am

Vancouver home sales fell sharply in December and new listings plummeted as the cooling of what was once the country's hottest real estate market continued. The Real Estate Board of Greater Vancouver said Thursday home sales in December totaled 1,142, down 31.1 per cent compared with a year...

A buyer's market

Dec 11, 2012 / 5:00 am

According to the Okanagan Mainline Real Estate Board (OMREB), sales activity for November 2012 is down two per cent over the same month last year, but year-to-date numbers are up eight per cent from 2011. “We are still in a buyers’ market but there are fewer new listings and the...
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