Kelowna Real Estate News and Updates

Great article in USA Today about the Okanagan and real estate!   http://www.usatoday.com/money/economy/housing/2010-06-03-okanagan-valley-canada_N.htm    

From www.kelownadailycourier.ca Local Million-dollar homes selling again in Okanagan By Steve MacNaull Saturday, January 23, 2010 Nothing points to an improving economy like the sale of million-dollar homes. Last year, while the recession raged, it took until May for the first eight $1-million homes to sell in Kelowna. In a dramatic ...

By by Steve MacNaull The Daily Courier Wednesday, January 13, 2010 Kelowna‘s real estate market has a split personality. New-home construction in 2009 was dismal, down 71 per cent from the year before, according to just released year-end statistics from Canada Mortgage and Housing Corporation (CMHC). Yet, last-year sales of existing ...

A new Royal LePage survey predicts Canada's residential real estate market will remain "unusually strong" through the first half of 2010.A new Royal LePage survey predicts Canada's residential real estate market will remain "unusually strong" through the first half of 2010. (CBC) As confidence in the economic recovery ...

'Delayed start' in Canadian real estate market and undersupply lead to perceived housing boom - Lag in seasonal sales cycle brought on by the recession, coupled with undersupply, creates illusion that market is booming - TORONTO, Oct. 8 /CNW/ - Canada's housing market is on the road to recovery but is experiencing a pronounced ...

See the attached PDF for a full and updated report on recent movement in the real estate market!  Call or email me with further questions or feel free to post here! Dave

You may be reading of a recovery in the real estate markets right across the country... is that true in Kelowna? I personally think so, but with a reserved optimism. Certainly the REALTORS that I talk to in the Vancouver, Edmonton and Calgary markets are talking about how much busier they are. A month or so ago I met a builder who was building ...

Resale housing in particular is again surging forward.  Real estate market on the upswing Despite a slow start to the year, the Canadian market has certainly bounced back since the low of last January. Resale housing in particular is again surging forward, and in May reached new ...

Housing prices have bottomed out document.write(''); <a ...

Just like the stock market, not all towns see real estate values increase in a booming market and many actually under-perform. Your job as an investor is to pick areas providing the best returns for the lowest risk. There is a simple and easy strategy for doing this: Focus on the fundamentals, not emotions. Successful real estate investing is ...