News

Check back regularly for updated Central Okanagan Real Estate Facts, Figures, and Trends.

 

April 23, 2013

CELL PHONE NUMBERS GO PUBLIC

All cell phone numbers are being released to telemarketing companies. You could start to receive sales calls for which you will be charged. To prevent this (if you do actually want to prevent this... we... more »

March 11, 2013

BUYERS' SCENE IN FEBRUARY

FEBRUARY BUYERS SURVEY SUMMARY As reported by the Okanagan Mainline Real Estate Board   Property Type: 21.3% of purchases were by Move-Up Buyers (up from 19.8% in... more »

February 15, 2013

CONGRATULATIONS TO JERRY!!

 Jerry is number 2 for sales for RE/MAX Kelowna for 2012... out of over 100 REALTORS®. 

January 22, 2013

Buyers Report for 2012

 Have a look at these graphs to see where Okanagan Home Buyers came from and what they chose during 2012.   ... more »

January 2, 2013

HAPPY NEW YEAR!!

December 18, 2012

MERRY CHRISTMAS

 

 

And best wishes for 2013!!

December 17, 2012

New Housing Transitional Rules (HST to PST)

On February 17th, 2012 the Government announced the new housing transitional rules for returning to the PST. Below you will find information, and links to the Canada Revenue Agency's notice with the Q&As on these... more »

December 14, 2012

NOVEMBER BUYERS SURVEY SUMMARY

Here's the latest from OMREB (Okanagan Mainline Real Estate Board) about what real estate buyers are up to:: Property Type: 28.7% of purchases were by Move-Up Buyers  18.9% by First... more »

October 15, 2012

REVIEW OF NEW MORTGAGE RULES

Courtesy of Jamie Joseph, AMP - DLC The Mortgage Hub.  www.jamiejoseph.ca  It is worth revisiting the mortgage rule changes that have come into effect in recent... more »

October 10, 2012

HOME BUYERS REPORT

Buyer stats January through September 2012

Home Buyers Report

September 4, 2012

AUGUST 2012 BUYERS SURVEY RESULTS

Statistics compiled by Okanagan Mainline Real Estate Board Property Type: 26.6% of purchases were by Move-Up Buyers 16.2% by First Time Buyers 15.3% purchasing Recreation... more »

June 21, 2012

NEW MORTGAGE RULES TO TAKE EFFECT JULY 9, 2012

(Excerpt of Federal statement) * Reduce the maximum amortization period to 25 years from 30 years. This will reduce the total interest payments Canadian families make on their mortgages, helping them build up equity... more »

May 3, 2012

HOME EQUITY LINE OF CREDIT

(Information from Financial Consumer Agency of Canada, www.fcac-acfc.gc.ca) A home equity line of credit (HELOC) works much like a regular line of credit. You can borrow... more »

April 11, 2012

BC FIRST TIME NEW HOME BUYERS' BONUS

The B.C. government has implemented a temporary BC First-Time New Home Buyers’ Bonus. Effective February 21, 2012, to March 31, 2013, the bonus is a one-time refundable personal income tax credit worth up to $10,000. Here... more »

March 5, 2012

CONGRATULATIONS TO JERRY

A Platinum Club award is Jerry's again, this one for 2011. Frequently ranked in the Top 5 producers for sales volume for RE/MAX Kelowna, Jerry has placed at #3 for 2011!! We extend a BIG THANK YOU to our clients!!

February 17, 2012

HST Transition Rules for Housing

Information courtesy of  Peter Borszcz, PIHL Law Corporation - February 17, 2012 The Province announced the HST Transition rules today as the Province transitions back to the PST/ GST system... more »

January 1, 2012

HAPPY NEW YEAR!!

WELCOME 2012 !!!

November 15, 2011

Okanagan‐Shuswap Market Continues to Stabilize

Kelowna, BC – The Okanagan Mainline Real Estate Board (OMREB) reported October 2011 sales activity of all MLS® property types remained similar to this time last year and were down slightly from... more »

October 12, 2011

PST Exemptions on New Home Sales Coming

The province's transition back to a Goods and Services Tax (GST) / Provincial Sales Tax (PST) system is expected to be complete by March 31, 2013. When that happens, real estate commissions and new home sales will once... more »

September 7, 2011

August Buyer Survey

 Here is how the results break down for property sales in The Central Okanagan for the month of August, 2011: AUGUST SURVEY SUMMARY Property:  22.9% by First Time... more »

September 6, 2011

What Areas Are Buyers Purchasing In?

The June, July, and August 2011 survey from Okanagan Mainline Real Estate Board shows the following breakdown of areas properties were purchased in: June 2011 Kelowna/West Kelowna – 56.8%... more »

September 5, 2011

Where Local Buyers Are Moving Here From

Okanagan Mainline Real Estate Board says here is where local buyers are moving from, based on a recent survey - June, July, August 2011 are represented: June 2011 From within Board Area – 45.6%... more »

September 3, 2011

How Are Buyers Financing Real Estate?

Okanagan Mainline Real Estate Board's 3 month survey (June, July, August 2011) lists the following for financing sources: June, 2011 Conventional Mortgage (>20% down) – 42.3% All... more »

August 31, 2011

Who Is Buying Real Estate?

According to Okanagan Mainline Real Estate Board, this is who's buying Real Estate (based on a 3 month survey, June, July, August 2011): June 2011 Two parent family/children – 27.5 % Empty... more »

April 5, 2011

First-time buyers in major Canadian markets move to get in ahead of higher interest rates, says RE/MAX

Kelowna, BC (April 5, 2011) --  Driven by the threat of higher interest rates down the road, first-time buyers are contributing to strong upward momentum in residential housing markets across the country, according... more »

April 1, 2011

Donor Awareness Week is upcoming April 17-23, 2011

RE/MAX of Western Canada proudly continues promotional efforts for the 7th year by spreading the word on the need for organ donors through paid advertising and social media messages which will run in the month of April... more »

March 31, 2011

Kelowna and area residential home sales graph

Click on this story to see a graph depicting residential home sales for single family homes from Peachland to Oyama covering the period from 2007 to now.  Graph prepared by RE/MAX Kelowna. We have many interesting... more »

February 14, 2011

RE/MAX Agents Raise $62,487.00...

... for Children’s Miracle Network at Annual Conference Kelowna, BC (February 14, 2011) – RE/MAX affiliates are sold on giving and have showed compassion by raising $62,487.00 during the “Miracle... more »

February 7, 2011

New Lending Rules - Reduced Amortization

Rates are moving up today, says Chris Murphy of Dominion Lending Centre Kelowna, to as high as 4.24% 5 year fixed. No changes to Variable rates. Lenders are... more »

February 4, 2011

Understanding HST For Home Buyers

(Information compiled by Okanagan Mainline Real Estate Board) With the introduction of the HST, new home buyers want to clearly understand how it affects new housing.  HST now applies to new residential... more »

February 2, 2011

Groundhog Day Consensus: Early Canadian Spring

(excerpt from CBC) Groundhog Day cheers erupted in Wiarton, Ont., as Wiarton Willie's white-gloved, purple-robed handlers made the morning announcement that the rodent hadn't seen his shadow, indicating an early... more »

January 18, 2011

CHANGES TO MORTGAGE RULES

Recent changes to mortgage rules, effective March 18th and April 18th, 2011 have just been announced by the Canadian Federal Government. These changes are: 1. ... more »

January 4, 2011

BC Assessment Notices

  KELOWNA  2011 – More than 80,000 property owners in the Central Okanagan can expect to receive their 2011 assessment notice in the next few days. Assessments... more »

December 7, 2010

Residential values expected to climb further in 2011

... as housing sales stabilize in most major centres, says RE/MAX   - Kelowna, BC (December 7, 2010) - Although improved economic fundamentals will have a positive impact on Canadian housing... more »

September 9, 2010

August Housing Starts

OTTAWA, September 9, 2010 (Courtesy of cmhc.ca) — The seasonally adjusted annual rate1 of housing starts was 183,300 units in August, according to Canada Mortgage and Housing Corporation (CMHC).... more »

August 5, 2010

Summer Slows Buyers’ Market in the Central Okanagan

Kelowna, BC – The Central Zone of the Okanagan Mainline Real Estate Board (OMREB) reported July 2010 sales activity of all MLS® property types has cooled down as the summer weather heats up. While growing inventory... more »

July 21, 2010

Harmonization – GST to HST

The following courtesy of Brian Sanders, CA Residential Real Property – Summary ... more »

May 5, 2010

RE/MAX® Receives Corporate Citizen Award

Kelowna, BC – RE/MAX of Western Canada is a proud recipient of the 2009 Corporate Citizen Award presented by The BC Transplant Society.   For six years RE/MAX® has promoted organ donor... more »

April 28, 2010

RE/MAX Recognized as the Most Trusted Real Estate Brand in Canada

(Kelowna, BC) – RE/MAX has been awarded Most Trusted Residential REALTOR® as voted on by readers of Reader’s Digest magazine.  The survey conducted for the annual awards revealed that... more »

March 5, 2010

RE/MAX International Raises $100 Million for Children’s Miracle Network

KELOWNA, BC (March 5, 2010)—RE/MAX, an international leading real estate franchise, has raised $100 million dollars over the past 18 years for Children’s Miracle Network, a non-profit organization... more »

February 24, 2010

RE/MAX MARKET TRENDS REPORT

The RE/MAX Market Trends Report 2010, which examined real estate trends and developments in 16 markets across the country, found that unusually strong activity during one of the traditionally quietest months of the year... more »

December 3, 2009

Housing performance expected to accelerate in 2010

... as economic stability returns to Canadian markets, says RE/MAX Fifteen markets to set new records for average price in 2009 In the midst of one of the most tumultuous... more »

November 25, 2009

HST INFORMATION FROM BC GOV

(More information on the HST:  http://www.gov.bc.ca/hst/) (The following article and graphic has been obtained from the Ministry of Finance, Province of British Columbia... more »

October 20, 2009

Bank of Canada Maintains Interest Rates

The Bank of Canada held its benchmark overnight lending rate steady at 0.25 per cent at its setting on October 20th, 2009. The trend-setting Bank rate, which is set 0.25 percentage points above the overnight lending rate,... more »

October 17, 2009

BC HOUSING MARKET GAINS MOMENTUM

Vancouver, BC – October 15, 2009. The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential sales in the province climbed 68 per cent to 8,576 units in... more »

October 15, 2009

MLS® HOME SALES GROW STRONGER IN THE THIRD QUARTER

OTTAWA – October 15th, 2009 – National resale housing activity climbed to the highest level of any third quarter on record. Actual (not seasonally adjusted) home sales via the Multiple Listing Service®... more »

September 26, 2009

On September 24, 2009, RE/MAX issued a Market Trends Report featuring 11 markets across Canada reporting the current state of the real estate market in our country.

Canadian housing markets buck recession and trend upwards, says RE/MAX With the worst of the recession over, residential real estate markets in major Canadian centres are poised for growth... more »

August 14, 2009

MLS Sales Up

Vancouver, BC – The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential sales in the province climbed 53 per cent to 10,051 units in July 2009 compared... more »

July 24, 2009

1,200 Evacuees allowed to return home

Evacuation update: About 1,200 people in the North Westside will be allowed to return home Saturday morning. Details to come. (update: 6 p.m.)As reported on Castanet.net:  http://www.castanet.net/

July 24, 2009

DWK opens fire recovery centre

The District of West Kelowna has set up a Fire Recovery Centre, staffed by Red Cross volunteers, at the Municipal Office, 2760 Cameron Road. People who have experienced loss as a result... more »

July 24, 2009

1200 EVACUEES TO RETURN SATURDAY

by Wayne Moore - Story: 48459 Jul 24, 2009 / 6:00 pm Castanet.net http://www.castanet.net/edition/news-story-48459-101-.htm#48459... more »

July 23, 2009

TERRACE MOUNTAIN EVACUATION EXPANDED

As a result of increased activity associated with the Terrace Mountain forest fire, which has grown to an estimated 4,000 hectares, an EVACUATION ORDER has been issued for the North Westside Road areas between... more »

News Past Articles ››

April 23, 2013

CELL PHONE NUMBERS GO PUBLIC

All cell phone numbers are being released to telemarketing companies. You...

more »

March 11, 2013

BUYERS' SCENE IN FEBRUARY

FEBRUARY BUYERS SURVEY SUMMARY As reported by the Okanagan...

more »

February 15, 2013

CONGRATULATIONS TO JERRY!!

 Jerry is number 2 for sales for RE/MAX Kelowna for 2012... out of over...

more »

Contact Jerry Geen

email jerry@teamgeen.com
direct (250) 870-3888
phone (250) 717-5000
toll free (800) 663-5770
fax (250) 860-0016

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