Real Estate

Homesales fall to 12 year low

July home sales in Vancouver, once the country's hottest real estate market, continued to slide and hit their lowest total for the month since 2000. The Real Estate Board of Greater Vancouver reported Thursday 2,098 properties sold in the month, down 18.4 per cent from 2,571 in July 2011...

NYC penthouse on market for $100M

What will $100 million buy you in New York City's real estate market? Apparently, a really good view. An exclusive listing is offering an octagon-shaped penthouse in midtown-Manhattan that boasts three floors of living space, panoramic views of the city, six bedrooms, nine bathrooms and...

May new house prices rose 0.3 per cent

Photo: The Canadian Press. All rights reserved. A real estate agent puts up a "sold" sign in front of a house in Toronto, April 20, 2010. THE CANADIAN PRESS/Darren Calabrese Statistics Canada says its new housing price index rose 0.3 per cent in May,...

June housing starts are down

Housing starts  in Kelowna were down for June of this year compared to the same month in 2011. The Canada Mortgage and Housing Corporation (CMHC) reports only 51 area housing starts in June compared to 60 last year. CMHC Market Analyst, Paul Fabri says detached home starts were on...

Summer vintage shopping and decor

  Photo: Contributed - Rock House of Design There is nothing sexier than a room that has character, diversity and personalized attributes that truly showcase both the owner’s spirit and the architectural bones of the home itself. Whether you are on a budget...

Buy a house, get free beer for a year

Photo: Contributed - MLS The real-estate market is tough these days, especially if you're selling a condo that is identical to four other condos in the same complex all going for the same price. Sellers have to get innovative, throw in a BBQ, knock a few bucks off...

What does 'sold' smell like?

  Photo: Contributed By Shannon and Tamara Stone We just finished the REMAX office tour where we went and previewed a lot of new listings this morning. I was inspired to write about the importance of smell in the sale of a home. In life, whether you are...

Live like a millionaire

Live Like a Millionaire, Even if You’re Not   by Sam Shakura   Photo: Contributed - Rock House of Design Cher and I, at Rock House of Design Inc., have been privileged to work with monstrous budgets, international zip codes, high profile...

Inject a little spring into your home

  Photo: Contributed - sheknows.com By Shannon and Tamara Stone Stoneteam.com If you are like us, this time of year can start to feel a little dreary. The holiday season is past, there’s still a bit of snow on the ground and winter is still...

A 'cool' summer housing market

Housing sale activity was slower in August then this time last year, the Central Zone of the Okanagan Mainline Real Estate Board (OMREB) reported.   Photo: Trevor Rockliffe OMREB also reported that MLS property types were down marginally in August compared to...

Home sales remain down from 2009

The Central Zone of the Okanagan Mainline Real Estate Board (OMREB) reported October 2010 sales activity of all MLS property types increased from last month, but continues to be well down from sales reported this time last year. A sharp decline in new listings continues to bring down overall...

Video: BC housing stock shrinking

BC Real Estate Association (BCREA) Chief Economist Cameron Muir discusses the September 2010 statistics and an in depth look at population growth and the housing stock.

Be at home at Sonoma Pines

Jean and Dennis Wandler's first view of Sonoma Pines was in 2004. They were sitting on the patio of golf course enjoying lunch on a perfect Okanagan summer day. “We were so impressed with what we saw that we visited the sales centre and picked up some information from salesman Harty...

Housing sales pick up as summer ends

If you're in the market for a new home, you're in luck. According to the Central Zone of the Okanagan Mainline Real Estate Board, it continues to be a buyer's market. OMREB figures for August indicate sales activity for all MLS property types picked up as the summer comes to a close. While total...

Home starts moving higher

Kelowna area housing starts, led by the single detached home sector, totalled 64 homes in July, according to Canada Mortgage and Housing Corporation. “Detached home starts have moved higher from the same seven month period in 2009,” says CMHC Market Analyst Paul Fabri. “Low mortgage...

Housing market becomes buyer's cycle

The Central Zone of the Okanagan Mainline Real Estate Board reported June 2010 sales activity of all MLS property types has levelled off as the market shows a steady but slow recovery. While property listings continue to increase and widen the selection for buyers, unit sales are down from last...

Rental construction boosted in June

Rental apartment construction boosted Kelowna area housing starts to 131 homes in June, according to Canada Mortgage and Housing Corporation. Both detached home and multi-family starts were up from last June. Construction began on a 71 rental apartment in June. “More favourable construction...

Lower costs fuel small housing boom

Lower construction costs are contributing to an increase in new home construction over the first five months of 2010. According to figures released earlier this month by the Canada Mortgage and Housing Corporation, construction began on 82 single-detached and multiple family homes in Kelowna in...

Home construction and sales edging up

A new report from Canada Mortgage and Housing Corporation forecasts new home construction and sales in the Central Okanagan will move higher in 2010 and 2011. CMHC Market Analyst, Paul Fabri, says demand for new and existing homes are expected to pick up as both regional and provincial economies...

INvue offering big discounts

The Rykon Group, which owns the INvue complex on Springfield Road, has partnered with Rennie Marketing Systems in an attempt to sell the rest of the development's unsold units. The group announced the partnership Friday, also announcing 40 per cent discounts to go with it. According to the...