Kelowna Real Estate Pros

First time home buyers or those with moderate household incomes are often drawn to townhomes like these at The Gate in Black Mountain. But can they afford them? Reducing the Maximum Amortization Period from 35 years to 30 years. On January 17, for the second time in less than one year, the federal government tightened rules around mortgage financing amid growing concerns about how much personal debt Canadians are taking on – a move that will certainly have an impact on the real estate market.  The government is reducing the maximum amortization period f....

Hi All!  Jennifer logging in for the blog.  Happy New Year and thank you for taking the time to visit our site Nyrose & Associates and read our blogs. For my very first blog I thought I would address the age old question REALTORS® get asked on a fairly regular basis “is now a good time to buy?”. The classic REALTOR® answer is… “of course… its always a good time to buy!”. But is this always the case? Let’s take a look and the pros and cons of home ownership: SOME REASONS TO BUY: Home ownership is an excellent way to build equity.  That’s an impo....

HST Deadline Headlines… had enough already? Hey, had you heard?  HST is coming… The HST deadline looms large, so I am going to assume that everyone knows the HST is coming July 1st.    I mean, how could you not? All of those screaming headlines, ‘Buy Now and Beat the HST!’ quite frankly are a little patronizing aren’t they?  Yeah, sure, we’re guilty of it too. It’s hard not to fall back on scare tactics to imply a sense of urgency as this deadline approaches. But it occurred to my wife and I as we were perusing the latest editions of local rea....

Real estate is moving in Kelowna! OMREB March Report Delivers Boost of Confidence   This past Thursday, the Okanagan Mainland Real Estate Board (OMREB) released their March report, detailing the listings and sales activity for our region. And not unexpectedly, the news was encouraging, further indicating that the market continues to stabilize after last years correction. Our team also had a fantastic month, our best since November 2009, with double digit sales ends and lots of activity with buyers from out of town. Read Full Article » ....

Sadly, money does not grow on trees… And the guessing game officially ends with news today that several Canadian banks are increasing several fixed mortgage rates by up to 6/10ths of a percentage point.  So begins the rise of interest rates from the record lows. Click here for the full story from CBC News ....

Published in Kelowna Capital News Sunday, March 14, 2010 Developers dream now award winning reality Carlos Bermudez, president and general manager of the Village of Kettle Valley talks about his growing development in south Kelowna. By Shauna Nyrose, CONTRIBUTOR Scenic view at night overlooking Okanagan Lake and the largest of the eight parks within the Kettle Valley development. Explain the history of The Village of Kettle Valley.  How it has come to be what it is today? The Village of Kettle Valley was conceived about 10 years ago as Kelowna’s first, and to....