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Real-Estate  

Rocky Point in Wilden

Jun 30, 2015 / 1:48 pm
Photo: Contributed Photo: Contributed To get to Rocky Point you drive up to the Wilden Skylands, either from Union Road in Glenmore or from Clifton Road, then take a left turn into Wilden’s Lost Creek Neighbourhood. From there, Rocky Point Drive winds up Wilden’s west ridge...

Demand outweighs inventory

Dec 6, 2014 / 5:00 am
The real estate market continues to hum along in the Okanagan, with sales activity in November up four per cent over last year. It has shown no signs of slowing down as we get ready to enter 2015, with year-to-date improvement already up 24 per cent compared to 2013. “While an early...

Housing numbers surge

Nov 6, 2014 / 2:03 pm
The numbers continue to be hot in the Kelowna housing market, with sales activity up 15 per cent in October compared to 2013. Overall property sales in the Okanagan-Thompson area (stretching from Peachland to Revelstoke) saw 706 units change hands last month, with 636 of those being residential...

Property sales highest in 9 yrs.

Oct 6, 2014 / 12:50 pm
September was a record month for real estate sales, they reached their highest point in nine years. According to the Okanagan Mainline Real Estate Board (OMREBA) numbers improved by 32 per cent over the same period last year across the Okanagan. This is especially true in the Central Okanagan,...

A building housing market

Sep 9, 2014 / 4:04 pm
Whether it's the construction of new homes or the selling of homes - the housing market in the Central Okanagan is in good shape right now. Figures released for August show housing starts in the Kelowna Census Metropolitan area (Peachland to Oyama) are similar to those posted in...

Upper Canyon in Wilden

Aug 13, 2014 / 11:21 am

Sales up 30 per cent in July

Aug 8, 2014 / 10:49 am
Real estate sales activity in the Okanagan was up 30 per cent last month, making it the strongest July on record since 1980. Just under 1,000 units of all property types changed hands from Peachland to Revelstoke, compared with 715 units in 2013. “Month-over-month, the Okanagan-Shuswap...
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Sun shining on Copper Sky

Jul 29, 2014 / 11:38 am
Things are looking up at the Copper Sky condo development in West Kelowna. They have a brand new pool, deck, and entranceway as part of the rebuilding of amenities following some remediation work that began in 2012. Residents at the time were not happy, saying it did not appear that builders...

Partner buys CENTURY 21

Jul 12, 2014 / 9:47 am
CENTURY 21 Assurance Realty Ltd. is pleased to announce the local managing broker, Myrna Park, has purchased both the business and its location at 251 Harvey Avenue. Myrna began in real estate in 1983 and bought her first Century 21 franchise in Northern Alberta in 1985 and has been involved in...

Okanagan real estate sees boost

Jul 5, 2014 / 3:10 pm
The Okanagan Mainline Real Estate Board reported June sales activity of all MLS® property types was up 28% compared to the same month in 2013 – posting the strongest unit sales for June since 2007. “After six months of steady growth in sales, the Okanagan-Shuswap housing market...

Vaca homes

Jun 26, 2014 / 7:05 am
Canada’s recreational property market is going strong and the Okanagan is one of the most popular places to buy. If you can afford it. RE/MAX released its annual Recreational Property Report, showing healthy activity across much of the country and forecasting modest increases in sales and...

Developing Lake Country

Jun 21, 2014 / 7:27 am
A massive new development is already underway in Lake Country, and local officials held an official groundbreaking ceremony Friday morning. The Lakestone waterfront community will be located on a 550-acre parcel of land in Okanagan Landing. Once completed, it will include 1,365 homes and also...

Showhome Opening in Wilden is full of surprises

May 8, 2014 / 10:36 am
Wilden is celebrating spring in a big way. The opening of the newest Showhome in Kelowna’s nature-inspired community will be a grand event that includes an art exhibit by graduating UBC students, music by a world-renowned harpist, and a very special gift for all mothers. The Grand Opening...

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...

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 starts rebound

Jul 9, 2013 / 1:18 pm
Housing starts in Kelowna have again rebounded slightly from some of the lowest totals seen over the past two years, although the six-month trend tells a different story. There were a total of 66 new homes under construction last month, compared to only 51 during the same period last year. The...

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...

Real estate sales continue to improve

Nov 19, 2012 / 3:36 pm
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 Okanagan-Shuswap market has experienced steady sales for...

Hong Kong home goes for $60 million

Nov 13, 2012 / 6:18 am
A luxury Hong Kong apartment in a Frank Gehry-designed building has sold for an eye-popping price of nearly $60 million, the property developer said Tuesday, the latest sign of the city's overheated housing market. Swire Properties Ltd. said it sold the 620 square meter (6,683 square foot)...

Sept. was a tough month to sell houses

Oct 12, 2012 / 6:10 am
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

Oct 2, 2012 / 1:03 pm
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 been...

Home prices increase

Sep 25, 2012 / 7:18 am
Home prices kept rising in July across the United States, buoyed by greater sales and fewer foreclosures. National home prices increased 1.2 per cent in July, compared to the same month last year, according to the Standard & Poor's/Case Shiller index released Tuesday. That's the...

Fewer homes to be sold this year

Sep 17, 2012 / 7:02 am
The Canadian Real Estate Association is cutting its forecast for Canadian home sales this year and next. The industry group is also lowering its national average price forecast. The group says the change follows a tightening of mortgage lending regulations by the federal...