Kelowna Real Estate Pros

In general, it has been a very frustrating market for home sellers.  Here are some of the big reasons why: 1.  Over Supply: Based on OMREB’s September update, there are 5,045 listings in the Central Okanagan.  In some product categories (condo’s, high end homes), there is a huge glut of inventory available. That’s alot of choice, further complicated by… 2. Low Demand:   This September saw a 45% decline in sales over the same month last year, 22% lower than August.  There just aren’t enough buyers out there turn over the high level of in....

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 » ....

Amberhill, townhomes in Kettle Valley by the Mission Group, will be hot sellers this spring. Top 10 Reasons Why… This Spring might be the BEST time to make a move in 2010. Still wondering when the best time to sell or buy a home this year is?  It’s now!  Here are our Top 10 reasons why this spring is the BEST time to  make a move in the Kelowna real estate market. Avoid the HST- If you’ve been humming and hawing over that ‘squeaky clean, never been lived in’ brand new home (or townhouse or condo), you will want to make your move this spr....

New townhomes like this one at Cypress Point, Black Mountain, are subject to GST. Published in Kelowna Capital News Sunday, February 28, 2010 Explaining the ‘real deal’ on GST for new homes By:  Darcy Nyrose CONTRIBUTOR Buying a brand new home is exciting and has many benefits. With a new home everything is in pristine condition, from appliances to flooring.  You have a blank canvas for decorating and creating the home of your dreams, and in many cases you also have the opportunity to select floor plan design and finishings.  So, when it comes to buying n....