Kelowna Real Estate Pros

Two weeks ago I blogged about getting your hiney down to your friendly neighborhood mortgage broker as rates were predicted to go up.  Hopefully you heeded that advice and actually did that as rates did indeed go up.  The jump was by 20 basis points up to 3.29% for a five year fixed term mortgage.  Three of Canada’s big banks have made the move upwards, and whether the rest will follow, and when, is anyone’s guess. I would strongly suggest you check with your mortgage broker or bank to see where they stand at this point. The monthly amount this rate hike c....

Call Nyrose & Associates for more info on this outstanding golf course home! The stats for May were both encouraging and good to see.  Increases in certain categories were expected, and did indeed follow suit.  For example, townhome sales were up slightly this year over the same time last year, but this is keeping in line with the trend we’re seeing of people either downsizing or getting into the market for the first time as townhomes suit those purposes perfectly. Once again, lot sales were up by 35% over this time last year, which is very significant.  And....

Breaking news and this just in!  Word on the street is that some top lenders are planning a interest rate hike TODAY by 5:00pm.   When one lender does that, others usually follow suit.  We don’t announce this to cause a frenzy or generate panic, but if you are serious about wanting to purchase in the near future, then I’d strongly suggest you get yourself “locked in” today. It could save you thousands in the future.   It’s a simple process- just call your broker and let them take care of it. Special thanks to Julie Weimer of The Mortga....

All too often, the reports coming from the media are very negative about our current real estate market.  And admittedly, it has been a rather tumultuous ride for the last few years in Kelowna real estate, and North America in general! However, not all news has to be bad news, and the Central Okanagan April statistics speak for themselves.  Single family residential sales went up 20% in April 2013 over April 2012, which is a huge relief given that March 2013 was slower than usual. There were also sales increases in the townhomes category and a huge increase of 72% for ....

The March 2013 Buyer’s Survey results were recently released, and with it came findings that weren’t too surprising.  They may even be considered a little bit encouraging! The majority of homes purchased in our board area for March, were move-up buyers.  And why not?  Great prices, fantastic selection and financing rates that are unprecedented.  Now is the perfect time to make the jump into a bigger space! Not surprisingly, most of our buyers hail from Kelowna/West Kelowna already…. And now the good news- the Alberta buyers are back!  Next to the l....

The infamous spring real estate market officially kicked off in March, but it didn’t come in as the proverbial lion.  Despite how the media reports it though, not all news is bad news in the world of real estate. Sales were up significantly for both townhomes and lots.  Townhome sales jumped 34% over this time last year and lots by 31% over this time last year.  The great thing about lots being sold is it typically means a home of some sort is going to be built on it, which in turn creates work for the construction industry and all of the various trades involved....