Location, Location, Location?

    A controversy was recently brought to light in the Okanagan Real Estate market - a Global News investigation found some discrepancies on the Multiple Listing Service (MLS) between listing locations and actual locations of properties. In a market like Kelowna where...

A Downsize for Baby Boomers

    While the spotlight for small homes tends to revolve around the younger generation and potential for money saving, it seems as though smaller spaces may have a new buyer in town. In a recent report by Royal LePage, it was found that the baby boomers looking to...

Are We Heading for a Market Freeze?

    For months, news outlets and real estate experts alike have been warning of a looming market crash for the BC real estate market, while the numbers stayed strong seemingly just to defy them. After weeks of waiting, it seems as though those predictions may finally...

A Millennial’s Market

Despite a predicted cooling off for the end of 2017, it seems that British Columbia’s market has actually seen an uptick in sales for November! The BC Real Estate Association reported earlier this month that there has been a 20.4% increase in home sales over November...

New Year, New Mortgage Rules

Last year, the OSFI introduced mandatory stress tests for prospective home buyers who were required to insure their mortgage. The idea of these test was to measure whether or not the people looking to borrow could pay back their mortgage even if rates were to rise....

Auction vs. Realtor

Earlier this month, Kelowna made international news when a mansion previously listed at $6.5 million was put up for auction by Platinum Luxury Auctions. The 10,000 sq. ft. home, set on a scenic 14.5 acre lot, sold for $3.27 million - just over half its valuation -...

Dual Agency Law Changes

Michael Noseworthy, British Columbia's superintendent of real estate, has put in place changes that will see the end to dual agency. This practice, also called 'double-ending', is when one real estate agent represents both the buyer and the seller in a single sale....

BC’s Market at Center Stage

British Columbia's real estate market continues to turn heads as reports roll in analyzing the successes of 2016, as well as new activity surrounding the foreign buyer taxation regulations, and reports of a record-breaking February. The BC Supreme Court recently ruled...

Foreign Buyer Taxation Changes

In 2016, a new form of taxation was introduced by the Canadian government in an effort to slow down the rapidly inflating Vancouver housing market, which saw large amounts of foreign buyer activity. This week, new changes to this same foreign buyer tax will be...

Reviewing Mortgage Regulations

You may have heard that new mortgage regulations are coming to effect, and are probably asking how this might impact you as a buyer, seller, owner, or any combination of these. Well, here's a little summary to help clear things up for you. Currently, the best...

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