Successful decisions are the result of careful planning and knowledge.
These blog posts will help you gather the relevant and timely North Okanagan real estate information you need for your decision-making process.
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As of August 2, 2016, foreign buyers of real estate in Metro Vancouver will pay an additional property transfer tax of 15%. The additional tax will apply to foreign buyers registering the purchase of residential homes in Metro Vancouver, excluding treaty lands in the Tsawwassen First Nation. Finance Minister de Jong says the additional tax…Read More
Income from rental units will now be considered in home loan applications submitted to the Canadian Mortgage and Housing Corp. (CMHC). The agency announced that beginning September 28 it, will allow 100 per cent of the rental income from a unit to be considered for new loan applications submitted to it for mortgage insurance. That…Read More
Okanagan Housing Market Remains Brisk Residential sales in the Okanagan continue to be brisk, with sales of 1,263 units posted to the Multiple Listing Service (MLS®) in June, up 38% from June of last year, reports the Okanagan Mainline Real Estate Board (OMREB). The average MLS® residential price in June was $475,091, slightly down from…Read More
What do buyers want to know before they buy your home? You’ve found a home you’d like to make an offer on. Great! Here are some questions that will help you finalize your decision: How old is the home? When was your home last renovated? How old is the roof? What structures or fixtures are…Read More
A Limited Dual Agency agreement is designed to protect clients who are both the seller and the buyer. In this scenario, the Real Estate agent sells the clients’ home and helps them buy a new one. The agreement works well when clients are represented by an ethical realtor who puts the needs of the client…Read More
Okanagan Housing Market Continues Record Breaking Trend Record breaking trends in residential sales continue, with sales of more than 1200 units posted to the Multiple Listing Service (MLS®) in May, up 35.5% from the same month last year, reports the Okanagan Mainline Real Estate Board (OMREB). With this type of market, consumers can expect to…Read More
Residential sales in the Okanagan region hit an all-time high in April 2016 A total of 1,069 residential units sold, up 34.3 per cent from the same month last year, the Okanagan Mainline Real Estate Board (OMREB) reports. The previous record was 1,015 unit sales recorded in May 2007. In addition to an increase in…Read More