With some of the first snow on the ground in Kelowna & the Central Okanagan valley some Sellers & potential Sellers will be asking should I list my home for sale during the winter months?

As many of you will know the Winter months in Kelowna and the Central Okanagan Real Estate Markets tend to be slower, so logic says, “I shouldn’t list my home for sale at this time of year I should wait until Spring – right?”

The answer could be “yes” or “no”.

Questions to ask yourself from a Real Estate Market Perspective.

1. What is the State of the Real Market for my type of Property? Is it a Buyers, Sellers or Balance Market? To find out ask your Real Estate Professional. If there is less competition and still Buyers looking, you may get a better price for your home.
2. Does my Property appeal to local Buyers, Recreational Buyers, Investors or all of the above? With road and weather conditions being more challenging during the winter months, some buyers...

Concerns about the current state of our Kelowna Real Estate Market continue to be the source of dinner-table conversation.

My thanks to Chief Economist, Brendan Ogmundson of the BC Real Estate Association who has just released his Fourth Quarter Real Estate Forecast.

This report covers MLS® home sales in the Thompson-Okanagan region, which is serviced by our own Okanagan Mainline Real Estate Board, South Okanagan Real Estate Board and Kamloops and District Real Estate Association. At present we are on pace for a third consecutive down year as the markets absorb the impact of the B20 stress test and the provincial speculation tax.

Recent Trends & 2020 Forecast Sales Numbers.

Like most markets around the province, home sales in the Okanagan Mainline and South Okanagan struggled in the first few months of the year, as rising mortgage rates compounded the negative effects of the stress test. However, a rapid and substantial decline in Canadian mortgage rates helped spur a recovery in...

During that exciting and nervous time between acceptance of your Offer and Final Subject Removal Day, you often have lots to do and lots of information to read.

When buying a Strata Property you often receive a giant package of information with Strata Minutes, a Form B with Financial information, By-Laws, Rules and a Depreciation Report.

The Depreciation Report is usually quite lengthy and can look a little overwhelming.

In this blog post, I want to give you a quick overview of what it is about and why it is so important to read it.

What is a Strata Depreciation Report?

Think of it as a 30-year Cashflow Forecast for the Common Property in a Condominium or Townhome complex. This typically includes the Buildings, Roads, Landscaping and Recreational Facilities.

It is a very useful document for a Strata Corporation, current Home Owner and a prospective Home Owner to see what capital expenses are coming up and whether there are sufficient funds in the Contingency Reserve Fund to cover them or...

October seemed to start on a quieter note, but in the last 2 weeks the phones seem to have been a little busier and we have seen a few more showings.

I have been trying to decide whether this is a coincidence, or whether people have been waiting to see the results of the Federal Election.

Kelowna & Central Okanagan Real Estate Sales October 2019.

Last month-:

- Total Sales were down 4.2% last month.

- Single-Family Homes sales down 12%.

- Strata sales up 1.9%.

Compared to last year sales numbers continue to show a positive improvement.

- Overall sales were up 6.8%

- Single-Family Home sales up 4.2%

- Strata sales were up 12.8%.

Inventory Levels October 2019

Interestingly Single-family Home Inventory is currently up on last month, but both types of Strata inventory is falling...