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October 29, 2024
Influence of Monetary Easing on Housing Construction Costs in 2025: A Forecast for Developers
Explore the impact of the Bank of Canada's monetary easing and interest rate cuts on housing construction costs in 2025. Learn how developers can navigate reduced borrowing costs and supply constraints in the Canadian real estate market.
October 29, 2024
How the Slowing Inflation Rate Could Impact Commercial Real Estate Lease Renewals in 2025
Discover how the slowing inflation rate and lower interest rates in 2025 could reshape commercial real estate lease renewals. Learn how tenants and landlords will adjust to economic shifts, negotiate favorable terms, and navigate evolving market conditions.
October 23, 2024
Bank of Canada Cuts Interest Rates to 3.75%: Impacts on the Canadian Real Estate Market
The Bank of Canada's recent interest rate cut to 3.5% is expected to impact the Canadian real estate market, providing immediate relief for variable-rate mortgages and potentially spurring housing demand by mid-2025.
October 23, 2024
Absorption Rate Analysis: What it is and How You Can Use It
Unsure of the Okanagan real estate market? The absorption rate can be your secret weapon! This guide explains what it is, how it's used, and how it empowers you to win for your clients.
October 22, 2024
Analyzing the Shift from Residential to Non-Residential Investments in 2024
Explore how the shift from residential to non-residential investments shaped Canada's construction landscape in 2024.
October 21, 2024
Real Estate Farming: A Strategic Approach to Dominate Local Markets
Learn the importance of real estate farming, a powerful strategy to dominate local markets by building long-term relationships, enhancing brand recognition, and increasing listings. Discover how agents can target specific areas and leverage local expertise to succeed.
October 20, 2024
Regional Surge in Single-Family Dwelling Permits: Alberta and Ontario take Lead
Discover how the surge in single-family dwelling permits across Alberta and Ontario is reshaping Canada's housing market. Learn the factors behind this trend and its implications for the country's real estate sector.
October 18, 2024
Regional Disparities in Canadian Building Permits: What’s Driving the Differences?
Explore the regional disparities in Canadian building permits as Alberta experiences growth amid housing demand, while British Columbia sees sharp declines.
October 18, 2024
Institutional Building Permits in Canada: August 2024 Decline and Economic Implications
In August 2024, Canada's non-residential construction sector experienced a 9.7% drop, driven by a 29.7% decline in institutional building permits, impacting public infrastructure and economic growth.
October 18, 2024
Multi-Unit Construction Permits Fall by 11% in August 2024
The slowdown in multi-unit construction in Canada, marked by an 11% decline in permits for August 2024, poses significant challenges to housing supply in high-demand regions like Ontario and British Columbia. Learn about its impact on urban centers, affordable housing, and potential policy responses.
October 15, 2024
Canadian Real Estate Association Lowers 2024 Housing Market Forecast Amid Holding Pattern
CREA revises its 2024 housing market forecast, citing slower-than-expected recovery despite interest rate cuts. Learn more about the current state of the Canadian real estate market and what to expect in 2025.
October 15, 2024
Thankful for You: A Message of Gratitude from Our Brokerage Team
This Thanksgiving, Coldwell Banker Horizon Realty reflects on a year of change in the real estate market and office. We express heartfelt gratitude to our clients and agents for their trust and commitment as we work to improve efficiency and service in all we do.
October 14, 2024
Can Construction Meet BC’s Housing Demand? A Deep Dive into Productivity and Workforce Needs
Explore how BC’s construction industry faces challenges meeting housing demand due to workforce shortages and productivity gaps. Learn about innovative solutions and government efforts to bridge the gap.
October 13, 2024
How the Foreign Buyer Tax and Speculation Tax Have Shaped BC's Real Estate Market
Discover how British Columbia’s Foreign Buyer Tax and Speculation and Vacancy Tax have reshaped the real estate market, curbing speculative investments, increasing rental supply, and influencing long-term price growth.
October 12, 2024
West Kelowna's Premier Waterfront Communities: A Local Realtors' Guide
Explore the premier waterfront and lakeside communities of West Kelowna, including West Harbour, Lakeview Heights, Green Bay, and more. Discover the unique features, housing options, and real estate trends of each area to help find your perfect home in West Kelowna.
October 11, 2024
The Role of Rising Land Costs in BC's Housing Crisis
October 11, 2024
BCREA's Warning: Why the Okanagan Affordability Crisis is Worse Than Ever
Explore the ongoing affordability crisis in the Okanagan, as BCREA highlights the growing gap between housing demand and supply. Learn about rising property prices, population pressures, and the challenges of limited housing development in this once-affordable region.
October 11, 2024
Canadian Real Estate Downtrend Extended By Rising Inventory: RBC
The Canadian real estate market continues its downtrend, driven by rising inventory and sluggish sales, according to RBC. Explore how growing supply and cautious buyers are shaping market conditions, including insights into the Okanagan region.
October 11, 2024
BC’s Housing Supply Crisis: Analyzing the Gaps and Proposals for 2024-2025
BC faces a severe housing supply crisis, with gaps in new housing and skilled labor shortages. This article explores the challenges and proposals for 2024-2025 aimed at bridging these gaps and meeting provincial housing targets.
October 11, 2024
Kelowna Council Backs Rezoning for Two Apartment Projects and New Downtown Rental Tower
Kelowna City Council approves rezoning for two new six-storey apartment buildings on Barlee Road and Glenmore Drive, alongside a rental-only high-rise in downtown. Learn about the key developments and their impact on the local housing market.
October 11, 2024
Addressing Tax and Asset Complexities for Canadians with Foreign Properties
Cross-border estate planning is becoming increasingly complex for Canadians with foreign assets. Learn how to navigate tax laws, property transfers, and international regulations to ensure a smooth transition of wealth to beneficiaries.
October 11, 2024
The Growing Divide Between Trophy Assets and Older Office Buildings
The divide between trophy assets and older office buildings is widening in Canada's real estate market. As demand for premium, modern office spaces rises, older buildings face increasing vacancy rates unless updated.
October 11, 2024
Impact of Sublet Space Decline on the Canadian Office Market
The decline in sublet office space across Canada signals a market recovery, as businesses stabilize their office space needs. Learn how this trend impacts leasing, vacancy rates, and demand for quality office spaces.
October 11, 2024
CBRE Report Highlights Suburban Office Space Demand Surge in Canadian Markets
Canadian office leasing shows recovery with suburban markets leading demand. CBRE’s Q3 2024 report highlights a drop in suburban vacancy rates, growing demand for trophy assets, and shrinking sublet space, positioning the office market for further stability.
October 11, 2024
Okanagan Real Estate Market Overview September 2024
Explore the September 2024 real estate market trends in Central and North Okanagan. Discover key insights, market statistics, and implications for buyers, sellers, and investors.
October 11, 2024
Canadian Home Flipping Remains Strong Despite Market Slowdown
Despite a slowing housing market, Canadian real estate flippers continue to thrive. With record numbers in key cities like Calgary, Vancouver, and Toronto, lower mortgage rates and investor incentives drive this profitable trend.
October 11, 2024
Artificial Intelligence in Real Estate: Best Practices and Guidelines for Real Estate Agents
Find how to navigate AI use in real estate while adhering to ethical and legal standards. Understand the importance of disclosing AI-enhanced images and protecting client data when utilizing artificial intelligence in real estate marketing.
October 11, 2024
Remaining Problems with New Notice to End Tenancy Rules: Issue 5 of 5
Explore the ongoing challenges with BC's New Notice to End Tenancy Rules. BCREA outlines key recommendations for reducing financial hardships, protecting privacy, and improving accessibility for landlords and buyers.
October 11, 2024
Establishing a Permanent Provincial Housing Roundtable: Issue 4 of 5
A Permanent Provincial Housing Roundtable could be the key to solving BC's housing crisis. Learn how BCREA’s proposal aims to foster collaboration, streamline policy, and create long-term housing solutions for British Columbia.
October 11, 2024
Short-Term Rentals and Their Impact on Housing: Issue 3 of 5
Explore how short-term rentals in BC are impacting housing affordability and availability. BCREA advocates for balanced regulations, stricter enforcement, and exemptions for high-tourism areas to ease housing shortages.
October 11, 2024
Housing Tax Reform: Issue 2 of 5
BCREA advocates for housing tax reform in BC, highlighting changes to the Property Transfer Tax, Speculation and Vacancy Tax, and Flipping Tax to improve housing affordability and reduce the tax burden on homebuyers.
October 11, 2024
Expansion of Provincial Trades Education, Funding, and Facilities: Issue 1 of 5
Learn how expanding trades education, funding, and facilities can help solve BC’s housing crisis. BCREA outlines key recommendations for attracting and retaining skilled trades workers to meet housing demands in the province.
October 11, 2024
BCREA’s Pre-Election Campaign: Addressing Critical Housing Issues in BC
BCREA's pre-election campaign highlights five critical housing issues facing BC, including trades education, tax reform, and short-term rentals. Learn about each issue and how BCREA aims to influence policy for a sustainable housing future.
October 11, 2024
Major Housing Development Coming to Kelowna's Crawford Neighbourhood with $17M Permit
Kelowna's Crawford neighbourhood sees a major boost with a $17.4M building permit for 296 new residential units at 1055 Frost Rd. Learn more about the sustainable, community-oriented development by Highstreet Ventures.
October 11, 2024
Mortgage Rule Changes Will Drive Demand, But Supply Challenges Remain Critical
Canada’s new mortgage rules may boost homebuyer demand, but supply remains a critical issue. Explore expert opinions on the impact of higher price caps, longer amortizations, and the ongoing housing supply shortage.
October 11, 2024
An Overview of Canada’s Renters' Bill of Rights Blueprint
Explore how Canada’s Renters' Bill of Rights aims to protect renters through affordable housing, fairness, and transparency. Learn about its impact so far and the challenges it faces as provinces implement these key principles.
October 11, 2024
Canada’s Real Estate Market Slump Persists Despite Rate Cuts
Canada's real estate market remains in a slump despite recent interest rate cuts by the Bank of Canada. Explore the latest data on home sales, inventory levels, and the factors influencing buyer activity across major cities like Calgary, Toronto, and Vancouver.
October 11, 2024
Canadian Housing Market in a Holding Pattern as Buyers Wait for Lower Interest Rates
Canadian housing market remains in a holding pattern as buyers await lower interest rates. Discover the latest insights on home sales, interest rate cuts, and regional supply trends across Canada, including British Columbia and Alberta.
October 11, 2024
Financial Challenges Facing Immigrants in Canada: Housing, Credit, and Money Management
Discover the financial challenges new immigrants face in Canada, including issues with credit scores, housing affordability, and money management skills, as revealed by a recent Money.ca survey.
October 11, 2024
What the Federal Government’s New Mortgage Rules Mean for Homebuyers
Find how the federal government's new mortgage rules, effective December 2024, impact homebuyers in British Columbia. The new 30-year amortization and increased insured mortgage cap up to $1.5M aim to improve affordability in Vancouver's competitive housing market.
October 11, 2024
The Impact of Institutional Investors on Real Estate Agents
Institutional investors are transforming the Canadian real estate market, bypassing traditional agents, driving up competition, and reducing opportunities for smaller real estate agents. Explore how agents can adapt to survive in a landscape dominated by financialized landlords.
October 11, 2024
Are Financialized Landlords Driving Rent Increases Across Canada?
Are financialized landlords are driving up rents in Canada? Discover how corporate entities like REITs and private equity firms are reshaping the rental market, contributing to the country's housing affordability crisis.
October 11, 2024
Canadian Investors Lead US Real Estate Market Despite Global Slowdown
Canadian buyers lead foreign real estate purchases in the US, outpacing other international groups despite a global slowdown. Learn why Canadians are finding value in US vacation and investment properties, particularly in Florida, Arizona, and Hawaii.
October 11, 2024
Anthony Bastiaanssen Joins Coldwell Banker Horizon Realty as Managing Broker
Coldwell Banker Horizon Realty proudly welcomes Anthony Bastiaanssen as our new Managing Broker. With over 20 years of real estate experience, Anthony brings leadership, community commitment, and a passion for empowering agents and clients in the Okanagan.
October 11, 2024
Canada’s Ban on Foreign Property Buyers: Understanding Its Impact
Find about Canada’s foreign property buyer ban, its impact on housing affordability, and how it affects the real estate market. Explore who is exempt, the types of properties included, and whether the ban will help solve the housing crisis.
October 11, 2024
Can Canadian Real Estate Investors Overcome Economic Challenges in 2024?
Discover how Canadian real estate investors can navigate 2024’s economic challenges. Learn about the impact of interest rate cuts, high-demand rental properties, and industrial real estate growth. Explore strategic insights for long-term success in the evolving real estate market.
October 11, 2024
Third BoC Interest Rate Cut: What It Means for Buyers, Sellers, and Investors
Find out how the Bank of Canada's third consecutive interest rate cut in 2024 impacts Canadian real estate. Understand its effects on homebuyers, sellers, and investors, and explore market trends with detailed analysis.
October 11, 2024
Okanagan Real Estate Market Overview August 2024
Explore the August 2024 real estate market trends in the Central and North Okanagan regions. Get insights on listings, sales, prices, and market dynamics to inform your buying, selling, or investing decisions.
October 11, 2024
Okanagan Real Estate Market Overview July 2024
Discover the latest trends in the Okanagan housing market for July 2024, with detailed analysis of listings, sales, and prices in the Central and North Okanagan regions.
October 11, 2024
Lake Country Approves Rezoning for 67 Rentals, But Flood Concerns Remain
Lake Country Council approves rezoning for 73 new rental units, addressing the community's rental shortage. However, concerns about development near floodplains lead to mandated third-party review and mitigation strategies.
October 11, 2024
Ranking Peachland's Waterfront Communities: A Local Realtors' Guide
Explore the top waterfront communities in Peachland with our detailed ranking. Discover Beach Avenue, Ponderosa, Trepanier Bench, and Buchanan Road, each offering unique features and luxurious lakeside living.
October 11, 2024
CMHC Reports 9% Decline in June Housing Starts
The Canada Mortgage and Housing Corporation (CMHC) reported a 9% decline in the annual pace of housing starts for June 2024, with notable decreases in Toronto and Vancouver. Despite strong growth in Montreal, the overall housing market faces challenges from high interest rates and weak pre-sale activity.
October 11, 2024
Could U.S. Real Estate Commission Changes Impact Canada?
Could falling U.S. real estate commissions impact Canada? Explore potential implications of U.S. commission changes on the Canadian real estate market, including potential commission decreases and increased competition for agents. Learn how Coldwell Banker Horizon Realty is adapting to industry shifts.
October 11, 2024
$38 Million Investment in Central Kelowna: 240 New Apartment Units on the Way
$38 million investment in Kelowna! New 240-unit apartment building approved. Focus Kelowna Homes to build 6-story complex with various unit types and amenities. Addressing housing needs with additional amenities and financial contribution.
October 11, 2024
Create Canada's 2nd Beachfront Winery at 16821 Owl’s Nest Rd, Oyama!
Discover the unique investment opportunity at 16821 Owl’s Nest Rd, Oyama – a prime location for Canada's 2nd beachfront winery. Learn about the property features, market trends, and the potential for growth in the heart of the Okanagan Valley.
October 11, 2024
Investment Imbalance: Real Estate vs. Business Sectors in Canada’s Economy
Discover how Canada's heavy investment in housing is impacting productivity growth and the broader economy. Explore policy recommendations to balance real estate investments with business sector growth for sustainable economic development.
October 11, 2024
Kelowna's Top Golf Course Communities: A Golfer's Paradise
Discover Kelowna's finest golf course communities offering luxury living, championship courses, and breathtaking views. Compare top neighborhoods, amenities, and property values to find your perfect golf lifestyle paradise.
October 11, 2024
Kelowna Council Rejects Early Consideration for McKinley Beach Expansion
Kelowna City Council rejects early consideration for a major McKinley Beach expansion due to misalignment with the Official Community Plan (OCP).
October 11, 2024
Renters Brace for Impact: National Average Hits $2,185, But is the Market Cooling?
Canadian rents hit a new high of $2,185, but is the market cooling down? Explore national trends, regional variations, and expert insights to navigate the changing rental landscape.
October 11, 2024
2,000-Unit McKinley Beach Development Proposal: Boon or Bust for Kelowna?
Kelowna grapples with a massive 2,000-unit development proposal for McKinley Beach. The project promises housing solutions but raises concerns about traffic, infrastructure, and environmental impact. Will it be sustainable growth or a future burden? Read for a detailed analysis.
October 11, 2024
Glenmore Townhouse Development: New Housing Options on the Way for 1508 Highland Drive North
Kelowna City Council considers rezoning application for 19-townhouse development at 1508 Highland Drive North. Proposed project could address housing shortage but raises questions about traffic, schools, and green space.
October 11, 2024
Kelowna City Council Considers Rezoning for New Affordable Housing Project
Kelowna City Council considers rezoning application for new affordable housing project at Cross Rd. and Glenmore Rd. The project, partnered with BC Ministry of Housing, aims to provide 68 units for families, seniors, and people with disabilities.
October 11, 2024
Best Kelowna Downtown Beaches: A Locals' Guide
Discover Kelowna's top beaches for downtown residents! This local's guide unveils perfect spots for families, relaxation, or water activities, all just minutes from the city center. pen_spark
October 11, 2024
Lake Country Council Approves Rezoning for Mixed-Use Rental Building on Woodsdale Rd.
The District of Lake Country approves rezoning for a mixed-use development with rental housing on Woodsdale Rd. Learn the details of the rezoning, council vote, and the upcoming development process.
October 11, 2024
Kelowna Considers Redeveloping Area Near Landmark District with 1,600-1,700 New Residential Units
Kelowna considers major redevelopment near Landmark District. Project proposes 1,600-1,700 new residential units, mixed-use development with commercial space, and increased density close to employment opportunities.
October 11, 2024
Okanagan Real Estate Market Overview June 2024
The Okanagan housing market in June 2024 showed a two-sided story! Dive into our detailed analysis of the Central and North Okanagan regions, uncovering trends in listings, sales, prices, and more. Gain valuable insights as a buyer, seller, or investor!
October 11, 2024
Space Squeeze Solved? BC Considers Single Stairwell Designs for Increased Design Flexibility
The BC building code is set for a major update, allowing buildings with only one stairwell (single egress stairs). This could lead to more family-friendly units, design flexibility, and potentially lower construction costs.
October 11, 2024
BCI Makes Strategic Shifts, Prioritizes Debt Investments Over Real Estate Equity
British Columbia Investment Management (BCI) is adapting its investment strategy for the changing market. Learn about BCI's shift towards real estate debt, private debt, and direct investments in companies, and their overall optimistic outlook for the future.
October 11, 2024
What Is Cluster Analysis? How to Identify Emerging Real Estate Markets?
Unlock the potential of real estate investing! Learn how cluster analysis can identify emerging markets like Kelowna, Canada. Discover key data points and investment strategies to capitalize on promising opportunities.
October 11, 2024
B.C. Government Targets Nearly 9,000 New Homes Over Five Years In Kelowna
Kelowna's housing market is set for a significant boost. The provincial government targets construction of 8,774 new homes over the next five years, aiming to address affordability concerns. pen_spark
October 11, 2024
New 10-Day Approvals Program Promise Up to 7,000 New Homes in Kelowna
Kelowna's housing market gets a shot in the arm with a new Infill Fast-Track Program. Offering 10-day approvals for eligible projects, the program aims to deliver up to 7,000 new homes.
October 11, 2024
Rising Housing Costs Force First-Time Buyers to Rely on "Bank of Mom and Dad": CIBC
Rising housing costs are forcing many Canadians to rely on parental help to buy a home. This article explores the trend, its impact, and potential solutions.
October 11, 2024
Canadian Apartment Properties Real Estate Investment Trust Un Soars While Market Takes a Dive
Looking for an investment that bucks the trend? Canadian Apartment Trust (CAR.UT) soared while the market slumped, offering investors a chance at steady dividends and potential growth. Discover the reasons behind CAR.UT's success and see if it's the right fit for your portfolio.
October 11, 2024
Real Estate Downturn Hits Canadian Pension Funds: Losses Mount
Canadian pension funds, once real estate titans, are revamping strategies due to market slumps. Rising interest rates and changing work patterns prompt diversification, collaboration and niche sector focus.
October 11, 2024
Changes to Capital Gains Tax Hit Canadians Today (June 25th, 2024)
anada's new capital gains tax rules take effect today, June 25, 2024. Understand the key changes, including higher inclusion rates, increased Lifetime Capital Gains Exemption, and the Canadian Entrepreneurs' Incentive. Learn how these changes might affect you.
October 11, 2024
Glenmore Property Rezoned for 154-Unit Rental Building
Kelowna City Council approves rezoning for a 154-unit rental building at 438 Valley Rd. The six-storey building will offer a mix of unit types and prioritize sustainability through ample bicycle parking and climate-resilient considerations.
October 11, 2024
Mortgage Affordability in Major Canadian Cities: How Much Income Do You Need?
Struggling to understand how much home you can afford in Canada? This in-depth look explores May 2024 data on minimum income needed for mortgages in major cities like Toronto, Vancouver, Calgary & Halifax.
October 11, 2024
Canadian Real Estate vs. Stocks: Historical Performance (1990-2024)
Canadian real estate vs. stocks: a detailed analysis of historical performance. Is real estate still the king of investments? Explore the pros, cons, and considerations for each option to make informed investment decisions.
October 11, 2024
Kelowna North End Development: City Accepts Two Infill Housing Projects
Kelowna's North End is experiencing a surge in infill development! Learn about two proposed fourplex projects offering private balconies or rooftop patios, and explore how infill housing is transforming the neighborhood's housing options.
October 11, 2024
Best Cocktail Bars in Downtown Kelowna: A Locals' Guide
Unleash your inner mixologist! This guide unlocks Kelowna's hottest cocktail bars, from inventive creations at Micro Bar and Bites to classic twists at Skinny Duke's. Discover whimsical drinks and electric vibes, then learn to craft your own at Born to Shake. pen_spark
October 11, 2024
Townhouse Development Proposed on Springfield Road, Kelowna
Proposed townhouse development on Springfield Rd., Kelowna! Learn about the details, potential impact, and how it aligns with Kelowna's housing goals.
October 11, 2024
Vista Road Transformation? City To Review Multi-Unit Rental Project in Rutland
Kelowna City Council to review a new 6-storey, 99-unit rental building on Vista Road in Rutland. Learn more about the project details, its alignment with city planning goals, and the convenient location close to amenities.
October 11, 2024
Beyond Banks: Can Fintech Unlock New Investment Opportunities in Real Estate?
Kelowna's real estate market is booming, but traditional financing methods can be slow and opaque. Fintech is revolutionizing the industry, offering new opportunities for investors Find out about how Kelowna can leverage fintech to unlock a more inclusive, efficient, and transparent real estate market.
October 11, 2024
OSFI Admits Imbalance in Mortgage Stress Test for Renewals: Changes Coming?
Confused by the mortgage stress test at renewal? This article explores the imbalance between insured and uninsured mortgages, OSFI's response, and potential solutions for a smoother renewal process.
October 11, 2024
British Columbia Leads Construction Charge as Permits Hit Record High
Canadian building permits surged 20.5% in April, the fastest monthly pace in 4 years. This surge offers hope for easing the housing shortage. Learn more about the impact on residential and non-residential construction.
October 11, 2024
Report: $100,000 Infrastructure Cost Hides Behind New Home Price Tag
Canada's housing boom faces a hidden hurdle: $100,000 per home needed for infrastructure. Can innovative financing models bridge the gap and unlock affordable housing?
October 11, 2024
Fixed vs. Variable? 3 vs. 5 Year? Navigating Your Post-Rate-Cut Mortgage Maze
Bank of Canada's rate cut got you confused about 3 vs. 5 year lock-in mortgages? This guide explores fixed vs. variable rates, IRDs, and more to help you navigate the post-rate-cut maze and choose the best option for your homeownership journey in Canada.
October 11, 2024
2024 Global Investment Conference: Why Canada's Rental Market is Set to Boom
Canada's housing market is creating a perfect storm for rental property investment. Soaring population, stagnant housing completions, and affordability concerns are driving demand for rentals. pen_spark
October 11, 2024
Can Factory-Built Homes Be a Game Changer for B.C.'s Housing Crisis?
British Columbia's housing crisis demands solutions. Factory-built homes offer faster construction times, lower costs, and improved quality. Could they be a game changer?
October 11, 2024
British Columbia Outpaces Ontario in Home Construction, But Challenges Remain
British Columbia is leading the charge in home construction, outperforming Ontario on a per capita basis. However, the road to affordability remains bumpy. This article explores the surge in construction, the challenges of low single-family home starts, and industry pressures like labor shortages. pen_spark
October 11, 2024
Canada's Rent Inferno: National Average Surpasses $2,200, But Not All Cities Burn Equally
Canada's rental market is scorching hot! Average rents hit a record $2,202, but some cities are feeling the heat more than others. This article explores the national trends, regional variations, and offers insights for renters including Kelowna's unique position as a more affordable option.
October 11, 2024
Kelowna's Housing Surprise: 41.3% of Homeowners are Mortgage-Free
Kelowna boasts a surprising statistic - 41.3% of homeowners are mortgage-free! Explore the reasons behind this trend, how it compares to other cities, and what it means for the future market.
October 11, 2024
Besties Don't Do Real Estate Alone: Here's Why Your BFF is Your Secret Weapon
Feeling overwhelmed by real estate? Don't go it alone! Your BFF can be your secret weapon, offering emotional support, practical help, and even co-ownership advice. Learn how your best friend can make your real estate journey smoother and more fun.
October 11, 2024
Should You Lock-in a Fixed Rate Mortgage Now, or Wait for Further Rate Cuts?
Canada's surprise rate cut has homebuyers wondering: fixed or variable rate mortgage? This guide explores pros, cons, and helps you decide what's right for you.
October 11, 2024
Central Okanagan Sales Down By 20.64% In May 2024
The Central Okanagan real estate market saw a shift in May 2024, with sales dropping by 20.64% and listings increasing by 20.72%. This article explores the data, price trends, and what it means for buyers and sellers.
October 11, 2024
Long-Term Mortgages for Developers? Leaked Memo Raises Questions About CMHC's 55-Year Plans
Canada may extend mortgage amortization periods to 55 years for multi-unit developments, according to a leaked CMHC memo. This proposal raises concerns about potential impacts on affordability, long-term building sustainability, and the overall stability of the housing market.
October 11, 2024
Bank of Canada Rate Cut: How Much Can You Save on Your Mortgage Renewal?
The Bank of Canada's rate cut offers potential savings for Canadian homeowners with upcoming mortgage renewals. We will explore how much you could save and the potential impact on the real estate market.
October 11, 2024
Bank of Canada Slashes Rates by 0.25% for First Time in Over 4 Years
The Bank of Canada cuts interest rates for the first time in over 4 years, signaling a potential turning point in the fight against inflation. This article explores the implications for borrowers, the economy, and what to expect in the future.
October 11, 2024
US Economy Soars, Canada Stumbles: What Does it Mean for Your Property?
The Canadian economy is underperforming compared to the US, with potential impacts on real estate. Learn how lower interest rates, economic uncertainty, and market dynamics could affect Canadian property values.
October 11, 2024
Peachland Property Tax Alert: Don't Miss the July 2nd Deadline!
Peachland property tax notices are here! Ensure a smooth tax season and avoid penalties. Get key dates, payment options, and learn how to claim the Homeowner Grant to reduce your tax burden.