Category Archives for Real Estate News
Rom’s Real Estate Opinion & Stats August 2020
Kelowna Real Estate Report August 2020 Rom’s Monthly Real Estate Opinion What a whirlwind summer it has been for Okanagan Real Estate! The market continues at a record-breaking pace. Looking at the stats for this month, remember that low inventory is the sign of a robust real estate market, not the opposite! Some of the […]
Continue readingWhat you should know about BC foreclosure procedures
BC FORECLOSURE PROCEDURES Many buyers are not familiar with the BC foreclosure procedures and therefore feel uncomfortable to put in an offer on a foreclosure listing. I hope the following will provide a better insight in the judicial procedure and why it is important to deal with an experienced realtor who understands foreclosures. The whole […]
Continue readingMore Millennials From Vancouver Buying Property in Kelowna
If you’ve even remotely followed the real estate trends of BC in the last decade (and we’re betting more than a few of our readers have) you know Vancouver has become completely unaffordable to most young people. The Millennial Generation, which encompasses most younger people between 15 and 35, is finding it hard to purchase […]
Continue readingWhat Buyers should know about Kelowna Real Estate
I have experienced a lot of buyers in Alberta, Northern BC, Saskatchewan and Manitoba who still think that Kelowna is so expensive, yet you can find a great WATERFRONT resort style condominium in premium downtown Kelowna with the possibility of a boat slip in the low $400’s! How about renting out these condo’s short term […]
Continue readingIf you bought your very first home in 2014, the Canadian Government wants to give you $750!
This is how the First Time Homebuyer Tax Credit works: The initial costs associated with purchasing a home can be a particular burden for first-time homebuyers especially when added to the money required for a down payment. To assist first-time homebuyers with the costs associated with the purchase of a home, the Government of Canada […]
Continue readingWhy Chinese buyers are pouring into the Okanagan’s vineyards
Zhenzhen Fu, 28, stands in the rows of grapes at a winery in Lake Country, British Columbia. Zhenzhen Fu is a young Chinese woman who is touring British Columbia’s Okanagan Valley wine region and is interested in purchasing a B.C. winery. KELOWNA, B.C. — It’s harvest season in British Columbia’s Okanagan wine country. Among the […]
Continue readingFour Reasons Why Negotiations Go Quickly Sideways in Real Estate
A good realtor acknowledge the importance of negotiating and that without certain skills negotiating a good real estate deal can go sour very quickly. When I see a negotiation go sideways it’s usually because someone didn’t take into consideration the person sitting across the desk from them. 1. Lack of Respect Respect of both parties […]
Continue readingGreat News for First Time Home Buyers!
In case you have missed it, the BC Provincial government recently announced changes to the exemption limits for the First Time Home Buyer exemption, commencing February 19, 2014. Prior to the change, the First Time Home Buyer Exemption was capped at $425,000.00 and there was a sliding scale between $425,000.00 and $450,000.00. The new cap […]
Continue readingBuying Foreclosure Properties in Kelowna, British Columbia
Irrespective of economic conditions, foreclosure properties are often viewed as a “deal” for the savvy real estate investor. However, courts in British Columbia have a duty to ensure that foreclosure properties are being sold as close to their fair market value as possible. Usually this means ensuring that a property is marketed with a REALTOR […]
Continue readingTax Credits for First Time Home Buyers
If you (or someone you know) qualifies as a first-time homebuyer, you may be eligible for up to $750 in tax credits! http://www.cra-arc.gc.ca/gncy/bdgt/2009/fqhbtc-eng.html – this link will explain how to tell if you qualify and if so, how to claim it on your income tax return this year! 1. What is the home buyers’ tax […]
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