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Category Archives: Housing Market
Lots of Lots in the South Okanagan
The great part of working in a large office is the knowledge you gain from experienced, helpful and friendly co-workers. I have said it before and I will say it again, many people believe we are in a “cut throat … Continue reading
Posted in Housing Market, Penticton Real Estate, Stats
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Top Floor Lakeview Condo – Penticton BC
The condo doesn’t match the building! Most of you Pentictonites know of the 3 older buildings in the cul-de-sac by Skaha Lake. These 3 buildings have smaller condo’s mostly vacation, rented out or occupied by young couples or single folks. … Continue reading
Posted in Housing Market, Penticton Real Estate
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Lots of listings to chose from
It’s that special time of year again, home shoppers have plenty to chose from and as a result are putting pressure on local home prices. Penticton however is a little piece of paradise holding its own as we crunch the local numbers. … Continue reading
Posted in Housing Market, Penticton Real Estate
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The Numbers April 2010
The Numbers – April 2010 The historically busy spring real estate market is in full swing. All activity (both on the buyer and seller sides) has picked up significantly in the Penticton’s real estate market. Despite supply outpacing increasing demand, … Continue reading
Posted in Housing Market, Penticton Real Estate
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Mortgage Guidlines Tighten Up!
Mortgage Insurers tighten up the recuirements for the first time home buyers and increase minimum downpayment on investment properties that are not owner occupied. Continue reading
Posted in Housing Market
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Bank of Canada leaves rates unchanged
Bank of Canada forecast, The Bank of Canada met this morning and has left rates unchanged. Much media anticipation was looking for Mr. Carney to follow Australia’s increase but has stated that different influences are present here in North America and we may not see any increases until 4th quarter of 2010 possibly. Continue reading
Posted in Housing Market
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Housing market sees improvement
May 2009 housing forecast. BC conditions have improved. Forecasters predicted a 13% decrease when only an 8% decrease realized. We are starting to see balanced markets on the coast and island. Record low interest rates reduce the carrying cost of an average home. Source: BCREA Continue reading