Real Estate

Kelowna luxury market best in Canada

  Photo: Contributed - One of the homes featured on Luxury Homes. 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...

Kelowna housing starts and sales

  Photo: Trevor Rockliffe Houses in the zone in April 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...

Pace of housing starts slowed in April

  Photo: Contributed - (AP / Tony Dejak) 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...

The Cadence of a community

Photo: Contributed 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...

Attainable, sustainable Green Square

  Photo: Contributed - greensquare.ca Outside Green Square 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...

Lakewind, going, going, gone

  Photo: Contributed Inside Lakewind 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...

Housing market will get lift

  Photo: Trevor Rockliffe West Kelowna homes 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...

Vancouver home sales plunge 31%

  Photo: Contributed - realtor.ca Houses from $500K to $800K in Vancouver 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...

A buyer's market

  Photo: Castanet Staff 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...

Real estate sales continue to improve

  Photo: Contributed According to the Okanagan Mainline Real Estate Board (OMREB), sales activity for all property types improved last month when compared to October 2011, and they see this as a continued sign of stability in the market. “To date, the...

Hong Kong home goes for $60 million

Photo: The Canadian Press. All rights reserved. The luxury residential building "Opus Hong Kong," designed by Frank Gehry, stands in Mid-Levels East of Hong Kong Tuesday, Nov. 13, 2012.  (AP Photo/Kin Cheung) A luxury Hong Kong apartment in a Frank...

Sept. was a tough month to sell houses

There was good news and bad news from the Okanagan Mainline Real Estate Board (OMREB) regarding sales in the Okanagan in its September report with single family units taking the hardest hit. Overall unit sales in both the Central Okanagan and Shuswap were down 14 per cent and 22 percent...

Vancouver home sales plunge

Vancouver home sales fell 32.5 per cent in September compared with a year ago, says the Real Estate Board of Greater Vancouver. Sales of residential properties totalled 1,516 for the month, down from 1,649 in August and 2,246 in September 2011, according to the board. "There's...

Home prices increase

Photo: The Canadian Press. All rights reserved. In this photo taken July 17, 2012, a single family home is for sale in the Hollywood area of Los Angeles. THE CANADIAN PRESS/AP, Damian Dovarganes Home prices kept rising in July across the United States, buoyed by...

Fewer homes to be sold this year

Photo: The Canadian Press. All rights reserved. For sale signs stand in front of a condominium, September 27, 2011 in Montreal. THE CANADIAN PRESS/Ryan Remiorz The Canadian Real Estate Association is cutting its forecast for Canadian home sales this year and...

New mortgage rules will cool housing

TD Bank says tighter mortgage rules should do the job of cooling Canada's hot housing market in the short term, but higher interest rates will be needed to return the market to saner levels. The bank's chief economist Craig Alexander estimates the new rules, which went into effect...

Condo prices on the rise

Photo: The Canadian Press. All rights reserved. A condominium is under construction at Adelaide and Brant streets in Toronto on Saturday, February 4, 2012. THE CANADIAN PRESS/Pawel Dwulit A new condo report suggests first-time buyers, retirees and population growth...

Regional building numbers

The following is a highlight from the Regional District of Central Okanagan board meeting held Monday, August 20, 2012. July Building Statistics - During July, Development Services approved 19 building permits for a construction projects valued at $1,442,000 in the Central Okanagan East...

Kelowna housing starts

Photo: Kelly Hayes - File Photo Kelowna area housing starts were down in July  compared to the same month last year. Canada Mortgage and Housing Corporation (CMHC) reports 81 housing starts in July 2012 compared to 173 housing starts in July 2011. Carol...

New house prices on the rise

Statistics Canada says its price index for new homes rose 0.2 per cent in June, following a 0.3 per cent increase in May. The largest May-to-June increases came in the southern Ontario region of Kitchener, Cambridge, Waterloo, where prices rose 1.7 per cent, followed by Winnipeg at 0.7 per...