Kelowna Real Estate Pros

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....

Despite all the gloomy reports and predictions surrounding the Kelowna real estate market, there are still signs of an upswing in the air.  The BC Huffington Post reports that housing starts will actually trend up this year.  This prediction is courtesy of CMHC who says housing starts will rise from it’s current 27,400 to almost 29,000.  While prices will remain fairly constant for the time being, there will be a slight increase come 2014. The majority of the housing starts activity is expected in Vancouver, with KELOWNA and Abbotsford-Mission areas also seeing ....

On the theme of my last blog, I am also proud to  announce the Nyrose & Associates team was fortunate enough to receive more than one Coldwell Banker® award- we are actually the recipients of 3 different awards! In addition to the President’s Elite Award we received (which I blogged about a couple days ago), we were also the recipients of an award for being one of the Top 10 teams in all of Canada for Coldwell Banker and in fact, we took the #3 spot nationally in 2012 for total production! But perhaps the most surprising award we received was for being Coldwe....

There are jobs out there where you seem to work tirelessly at it, but rarely get recognized for the fruits of your labours.  And while that doesn’t make the job any less worthwhile, it is so much more rewarding when you DO get kudos for a job well done! The team of Nyrose & Associates was thrilled to receive some awards in recognition of our hard work.  As a team, we are very honored to receive the Coldwell Banker® International President’s Elite Award for Teams. This award specifies that we are in the TOP 6% of teams Internationally for Coldwell Banke....

GREAT news for Kelowna!  The City of Kelowna received the necessary final federal and provincial approval to move ahead with the construction of a new public pier in the downtown core of Kelowna by Kerry park. This much needed addition to Kelowna’s waterfront will likely stimulate the downtown core and businesses in the area will benefit.  How is that good for real estate?  Increased traffic to the area means more amenities.  More amenities means more convenience.  More convenience means more desire to live there.  More desire to live there means stable price....

One of the things CMHC likes to look at when trying to forecast the upcoming real estate market, is new housing starts- aka: construction of new homes vs. pre-existing home sales.  This year, new housing starts were higher than expected, but CMHC does predict a slow down in that sector for the coming year.  However, CMHC also predicts that pre-existing homes sales will remain steady going into the new year. In the Central Okanagan, that could bode well for the few thousand listings currently on the MLS as the majority of our listings are pre-existing homes.  Perhaps i....