Kelowna Real Estate Market News

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...

Read full post

Why Read this Article?

Are you an Investor looking to purchase a Condo near UBCO or a Parent who has a Student about to attend UBCO Kelowna in the next year?


This article is designed to give you all the information and thought processes you will need to complete a successful purchase.

What do I need to do first?

As soon as you decide this is something you 'might' want to do, familiarise yourself with the UBCO Real Estate Market.


Give me a call, or send me an email, to set you up on an email search. You can then see what is available in the current listing and recent selling prices.

Which areas should I look at in Kelowna?

In the past, areas which are within walking distance of UBCO or on a good transit service have been the most popular with students to buy or rent.


There are 4 main areas that are in this category -:


U-District (Academy Way) & Quail Ridge - both within walking distance of the University.


On good Transit routes - North Glenmore & Rutland.


U District...

Read full post
Blogs
Posts By Date
Categories
The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.
MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association.