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Monday, February 01, 2010 9:02 AM

Mortgage News and Rates - February 1, 2010

   

 CREATIVE MORTGAGECORP.

 

February 1, 2010 - Mortgage News and Rates

  
Rates Hikes Pushed Away
More and more financial articles are standing behind the Bank of Canada's decision to not raise interest rates in Canada too quickly. The Canadian economy still has not shown consistent enough economic figures from month to month to prove to the Bank of Canada that the economy is becoming stronger. For example, Novembers job numbers were very impressive and a good positive sign for our economy but as we rolled into December, the job and Consumer Price Index (CPI) numbers were below anticipated expectations. It is not a matter of if interest rates are going to rise but rather when they are. One of the main reasons for wanting to raise interest rates is to help temper too much growth in the Canadian economy as it will lead to higher prices (aka. an increase in the Consumer Price Index).    http://www.canadianmortgagetrends.com/canadian_mortgage_trends/2010/01/rate-hike-predictions-pushed-back-slightly.html
Buying a Home - 10 Steps
When it comes to purchasing a home or investment property, sometimes your clients can become overwhelmed with the real estate jargon or the money lending process. CHMC has created a simple yet effective webpage that can walk your clients through the 10 steps of homebuying. Not all of them may be relevant to their current situation but it may help shed light on certain situations for them. A lot of the time when purchasers are looking at properties, they do not understand all the small costs that can be associated with a property such as an inspection, a lawyer fee or in some cases title insurance. We encourage you to pass the link we have attached to this paragraph  on to your clients. It may eleviate the amount of questions your client  may have during the process of  purchasing a new home.  http://www.cmhc-schl.gc.ca/en/co/buho/hostst/index.cfm
  
Fixed vs. Variable 
Since inception of our weekly rate sheet we know we have included a couple articles explaining the difference but this is a topic that can be discussed with many different pro's and con's. Rob Carrick of the Globe and Mail presents a different view than what we have written about in the past. He takes a view of looking at some of the intangibles that cannot be measured by numbers such as the comfort of knowing what your mortgage rate will be for 5, 7 or 10 years. There is also a quick break down of the difference when it comes to the fees if you decide to break your current mortgage contract in order to renew at a lower rate. Variable rate mortgages are generally less expensive if you want to payout your term than a fixed rate mortgage. The  normal industry penalty for a variable rate is usually 3 months  interest based on your balance and variable rate at the time of payout.  http://www.theglobeandmail.com/globe-investor/personal-finance/variable-or-fixed-both-options-have-merit/article1446994/
Yields All Over the Map
If you actively read our rate sheet you more than likely have picked up on our somewhat varying opinion on where we see interest rates  going short term. Long term we have no doubt that we will begin to see rates rise. This has a lot to do with our general philosophy that as the facts change so to will our opinions. The Candian economy is fragile with economic data changing from month to month. We have attached a good article that explains how there have been violent swings in the interest rate yields which ultimately affect the rates we can offer.  http://www.canadianmortgagetrends.com/canadian_mortgage_trends/2010/01/yields-are-all-over-the-map.html
Frustrated with your clients not being pre-approved? 

Have them contact us for a quick pre-approval so that you never have a deal fall through because of financing. 

What Value Your Clients:

Our main objective in working with your clients is to educate them on their financing options as well as provide them with adequate financing to help them purchase their home, investment or vacation property. We help clients see what they are capable of affording based on the rates we are able to offer. With our ability to fund mortgages with a high efficiency, we are able to pass along special rates that lenders offer us to your clients. We have the ability to set up mortgages all across Canada.

If you know of anyone who would enjoy reading our weekly Newsletter and Rate Sheet, please let us know and we can add their email address to our growing list.

 

BROKER’S BEST RATES

TERM
RATE*
PMT/$1,000**
APR
1 YEAR CLOSED
2.25%
$3.44/$1,000
2.26%
2 YEAR CLOSED
2.85%
$3.76/$1,000
2.87%
3 YEAR CLOSED
3.25%
$3.98/$1,000
3.28%
5 YEAR CLOSED
3.75%
$4.26/$1,000
3.79%
7 YEAR CLOSED
5.25%
$5.17/$1,000
5.32%
10 YEAR CLOSED
5.35%
$5.23/$1,000
5.42%
3 YEAR VARIABLE
PRIME - 0.30%
$3.28/$1,000
1.96%
5 YEAR VARIABLE
PRIME - 0.25%
$3.31/$1,000
2.01%

PRIME RATE 2.25%
For more information give us a call
              
Shaun Pierce, AMP                                                  Lesley Pierce, AMP
Mortgage Consultant                                                  Mortgage Consultant              
(250) 717 – 8949 (Ext. 102)                                       (250) 717 – 8949 (Ext. 103)
spierce@creativemortgage.ca                                  lpierce@creativemortgage.ca
Paul Cescon, BBA
Mortgage Consultant
(250) 717 – 8949 (Ext. 101)

For more information, visit our website www.creativemortgage.ca   

Follow us on Twitter - @MORTGAGE_BC
   * Rates are subject to change and Lenders approval
 ** Payments based on a 35 year amortization and monthly payments
 If you would like to be removed for our weekly rate sheet mailing, please reply to email asking to be taken off list
Posted by Brian O'Reilly | 0 Comments
Sunday, January 31, 2010 11:23 AM

Advertising -- Where to Advertise


Advertising

I am often asked by Sellers and Buyers alike about advertising and where is the best place for them to search up-to-date active listings for my area, price and criteria.

Answer is only two places. In print form the Realtor Review tabloid or and in web form is www.realtor.ca  In both of these you will see up-to-date Listings of all types by location, price, sub area,  etc. etc. . . but web form is much more expansive than print form can ever be. Each individual  listing will also show a REALTORS® personal web site (if they have one) and in Realtor.ca just click on and your their.

What does a Seller typically want:
to have there home viewed in advertising form by as many buyer prospects globally as possible, then inspect there home, THEN have a Buyer  buy it at an acceptable price, preferrably in very short order. 

What does a Buyer typically want 
to view your advertised home  in an vertual tour, view all the rooms, view back and front yards, all specifications ie: room sizes, taxes, age of roof, furnace, h/w tank, how long on market, Asking price, view PDS, title, and pictures of neighbourhood, and what kind of neighbours do you have . . . . .Then  either eliminate it or  put it on the hit list to inspect  if it rates with there home buying criteria.

 Types of ads, Print, TV, Radio, Web
Facts.
  
Print Advertising newspapers  carry less than2% of all MLS Listings. Can't get the same expansive as web based ads. Definitely not a buyer choice of options.  Mmarginal results.. . in short it doesn't work any more.

Glitzy magazine in full colour is the same. You also get to meet the latest voted in #1 Realtor of the month/year whatever. He be the one who advertises the most in the magazine. It's called the self congratulating applause . . . .  no comment

TV/RADIO advertising both are out of business for listing ads. Realtor/Brokerage self promotion only. 

WEB advertising  Now were talking. FACT: 75% or more of all buyer ad calls come from the web. Buyers can view all  their wants,  even globally,  If any REALTOR disagrees then he or she is not utilizing the web properly. Web advertising has to be done with great care though. The old adage holds true, Sell the Sizzle NOT the Steak. Perpetual tours can be a killer in Web pages as they do just that "Sell the Steak not the Sizzle",  no need for buyer to inspect the home he's seen everything . .next . .  . didn't even make the short list. Again great care is needed. The goal of any REALTOR is to generate interest to the buyer as eventually the Buyer will need a REALTOR.

Answer is obvious only two places. In print form the Realtor Review tabloid or and in web form is www.realtor.ca  In both of these you will see up-to-date Listings of all types by location, price, sub area,  etc. etc. . . but web form is much more expansive than print, TV or radio form can ever be. Each individual  listing will also show a REALTORS® personal web site (if they have one) and in www.realtor.ca just click on and your their.

Where was the web 25 years ago when we as REALTORS could only dream of such a thing. But hold on TV was starting with list ads about then, we actually thought that was the end all and be all of advertising.  

Short of renting  all the space in every media world wide neither of the Seller and Buyer wants  can physically happen.  Except  Realtor Review which is a local listing direction ad newspaper to send buyers to a REALTORS web page. This is all The Realtor Review and www.realtor.ca was intended for and it is up-to-date bi-weekly or monthly depending on dead line.

I hope you enjoyed this article. Please phone or e-mail me with any comments or thoughts on the subject is alway appreciated.

Posted by Brian O'Reilly | 0 Comments
Sunday, January 31, 2010 10:25 AM

Mortgage Rates as of January 25, 2010

   

 CREATIVE MORTGAGECORP.
January 25, 2010 - Mortgage News and Rates
  
Rates Stay Flat
Last Tuesday the Bank of Canada met for the first time in the New Year. Even though the economy is recovering much quicker than the Bank of Canada had originally anticipated in October, the economy still remains fragile. There are two predominant reasons for this, a high Canadian dollar and continued weak demand from the US.  Overall, the Bank of Canada feels that the economy is relatively balanced with a little more weight tilting towards inflation which is largely caused by the extremely low interest rates.  http://www.financialpost.com/news-sectors/economy/story.html?id=2458992
No Housing Bubble
The Bank of Canada has come out and said that we are not currently experiencing a housing bubble even though we are close to the housing prices that peaked in 2008. The Bank of Canada claims that the housing recovery which we are currently encountering is due more to temporary factors. They view the housing recovery as an essential key to Canada's overall economy recovering. The fact that they have taken notice of the quick rise in housing and yet move to quell any fears of a rate hike shows that they are truly aware of the situation but are against raising rates to solely calm the housing market. The Bank of Canada fears that an interest rate hike will hurt the economy more than it will help it. This is why there appears to be a better chance of the government intervening on the housing market by increasing regulations such as larger down payments and shorter amortizations on mortgages, than the Bank of Canada stepping in and raising rates. http://www.reuters.com/article/idUSN1116060820100111?type=usDollarRpt
Mortgage Broker Demand
More and more Canadian homebuyers are turning to mortgage brokers to help them obtain a mortgage. In the past, especially within the older generations, if someone required a mortgage they would go to their banking institution and accept whatever rate was offered to them. If they really didn't like the rate, they would go from bank to bank in search of the best rate. This is a waste of the consumer’s important time and in addition may hamper their credit score as all Banks will pull a credit bureau in order to give an approval to the client.  What makes us so attractive compared to the typical bank is that we work for our clients and not for the lenders. We search to find the best possible rate and lender that best suits each client’s unique situation.  The major banks also tend to only lend to the clients who have perfect credit scores, high salaries and large down payments. For all the other homebuyers who do not meet the perfect criteria required, we can help them find a lender who will work with the client’s strengths to assist them in obtaining their mortgage.  http://www.mortgagebrokernews.ca/news/43523/details.aspx
US Mortgage Defaults
Much has come from the real estate meltdown in the US. Basically it was the epicentre of the global credit crisis and eventual meltdown of easy credit. We have attached an interesting article from the Wall Street Journal which looks at the US government’s  different strategies to try to correct the negative equity that homeowners currently have, which will allow more of the consumers to keep their homes rather than defaulting into foreclosure.  A startling message at the end shows how in the past people who defaulted on their mortgages were being shunned and now they are being viewed as doing the right thing. http://newzfor.me/news/3664178.aspx
Prep Buyers for 2010
Here is a great article from the Globe and Mail showing what your clients should be doing when it comes to purchasing real estate in 2010.  http://www.theglobeandmail.com/real-estate/home-buyer-prep-for-2010/article1431196/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+TheGlobeAndMail-RealEstate+(The+Globe+and+Mail+-+Real+Estate+News)

 

What We Do For Your Valued Clients:

Our main objective in working with your clients is to educate them on their financing options as well as provide them with adequate financing to help them purchase their home, investment or vacation property. We help clients see what they are capable of affording based on the rates we are able to offer. With our ability to fund rates with a high efficiency, we are able to pass along special rates that lenders offer us to your clients. We have the ability to set up mortgages all across Canada.

 If you know of anyone who would enjoy reading our weekly Newsletter and Rate Sheet, please let us know and we can add their email address to our growing list.

Our 5 year fixed rate sits at 3.75% which dropped again this week. The variable ratealso dropped this week and now sit at Prime - 0.25% (2.0%) on a 5 year term and Prime - 0.30% (1.95%) on a 3 year term. 

 

BROKER’S BEST RATES

TERM
RATE*
PMT/$1,000**
APR
1 YEAR CLOSED
2.25%
$3.44/$1,000
2.26%
2 YEAR CLOSED
2.85%
$3.76/$1,000
2.87%
3 YEAR CLOSED
3.25%
$3.98/$1,000
3.28%
5 YEAR CLOSED
3.75%
$4.26/$1,000
3.79%
7 YEAR CLOSED
5.25%
$5.17/$1,000
5.32%
10 YEAR CLOSED
5.35%
$5.23/$1,000
5.42%
3 YEAR VARIABLE
PRIME - 0.30%
$3.28/$1,000
1.96%
5 YEAR VARIABLE
PRIME - 0.25%
$3.31/$1,000
2.01%

PRIME RATE 2.25%
For more information give us a call
              
Shaun Pierce, AMP                                                  Lesley Pierce, AMP
Mortgage Consultant                                                  Mortgage Consultant              
(250) 717 – 8949 (Ext. 102)                                       (250) 717 – 8949 (Ext. 103)
spierce@creativemortgage.ca                                  lpierce@creativemortgage.ca
Paul Cescon, BBA
Mortgage Consultant
(250) 717 – 8949 (Ext. 101)

For more information, visit our website www.creativemortgage.ca   

Follow us on Twitter - @MORTGAGE_BC
   * Rates are subject to change and Lenders approval
 ** Payments based on a 35 year amortization and monthly payments
 If you would like to be removed for our weekly rate sheet mailing, please reply to email asking to be taken off list
Posted by Brian O'Reilly | 0 Comments
Monday, January 04, 2010 10:21 AM

Mortgage Services

  

CREATIVE MORTGAGE CORP.

January 4, 2010 - HAPPY NEW YEARS!!!!!

  

Rates are rising
Well what we have been preaching here are Creative Mortgage for the last few months have finally come to fruition. Street Capital became the first of our lenders to raise their rates, and raise their rates they did. Their 5 year fixed rate term went from 3.89% all the way up to 4.44% on news that when the Bank of Canada meets in the 3rd week of January (19th), there will discussions of raising rates. This is not to say that every lender is going to raise theur rates but there is a pack mentality that if one raises their rates, the majority of the lenders tend to follow.
New Lending Rules?
Jim Flaherty ruffled some feathers last week when he mentioned that Canadian mortgage lenders should tighten their lending requirements on their amortization lengths as well as the minimum down payments required. There are speculators out there who believe that the amortization maximum will be changed from 35 years to 30 years and the downpayment from the minimum 5% up to possibly 10%. This could have devasting effects on the real estate market as it will make it tougher for first time homebuyers to save up the required amount for a down payment. First time home buyers tend to push the market so as they slow down so to will the entire housing market. http://www.canadianmortgagetrends.com/canadian_mortgage_trends/2009/12/1030-mortgage-rules.html
Canadian dollar Rising
The Canadian dollar has risen to a 3 week high on news that the Bank of Canada is considering raising their interest rates earlier than expected to combat the rapid economic recovery that Canada is currently experiencing. Keep a note in your calendars for January 19th which is the next meeting the Bank of Canada has planned.  http://www.financialpost.com/story.html?id=2375316

What We Do For Your Valued Clients:

Our main objective in working with your clients is to educate them on their financing options as well as provide them with adequate financing to help them purchase their home, investment or vacation property. We help clients see what they are capable of affording based on the rates we are able to offer. With our ability to fund rates with a high efficiency, we are able to pass along special rates that lenders offer us to your clients.

 If you know of anyone who would enjoy reading our weekly Newsletter and Rate Sheet, please let us know and we can add their email address to our growing list.

Our 5 year fixed rate sits at 3.89% which continues to sit well below historical lows. Our best variable rate is currently at Prime - 0.25% (2.0%) on a 3 year term.  With rates set to eventually rise  in 2010, we will see prime rate rise to combat any fears of inflation.

 

BROKER’S BEST RATES

TERM

RATE*

PMT/$1,000**

APR

1 YEAR CLOSED

2.25%

$3.44/$1,000

2.26%

2 YEAR CLOSED

2.85%

$3.76/$1,000

2.87%

3 YEAR CLOSED

3.25%

$3.98/$1,000

3.28%

5 YEAR CLOSED

3.89%

$4.34/$1,000

3.93%

7 YEAR CLOSED

5.25%

$5.17/$1,000

5.32%

10 YEAR CLOSED

5.35%

$5.23/$1,000

5.42%

3 YEAR VARIABLE

PRIME - 0.25%

$3.31/$1,000

2.01%

5 YEAR VARIABLE

PRIME - 0.20%

$3.34/$1,000

2.06%

PRIME RATE 2.25%

For more information give us a call

              

Shaun Pierce, AMP                                                    Lesley Pierce, AMP

Mortgage Consultant                                                          Mortgage Consultant              

(250) 717 – 8949 (Ext. 102)                                                (250) 717 – 8949 (Ext. 103)

spierce@creativemortgage.ca                                  lpierce@creativemortgage.ca

 

Paul Cescon, BBA

Mortgage Consultant

(250) 717 – 8949 (Ext. 101)

paul@creativemortgage.ca

  For more information, visit our website www.creativemortgage.ca   

Visit join our Facebook Group http://www.facebook.com/group.php?gid=137244795963 

Follow us on Twitter - @MORTGAGE_BC

 

   * Rates are subject to change and Lenders approval

 ** Payments based on a 35 year amortization and monthly payments

 

 If you would like to be removed for our weekly rate sheet mailing, please reply to email asking to be taken off list

 

 

Posted by Brian O'Reilly | 0 Comments
Monday, December 21, 2009 9:11 AM

Dec. 18, 2009 -- Mortgage News and Rates

  

CREATIVE MORTGAGE CORP.

December 18, 2009 - Mortgage News and Rate 

  

Future Rate Hikes?
Most if not all economits will agree that at some point we are going to see interest/mortgage rates return to normal levels. Inflation in November rose to 1% which remains short of the 2% target that the Bank of Canada is aiming for. They have however committed to keep rates where they are until mid 2010. In the US, the Federal Reserve came out and reinterated they stance to keep rates low. Essentially, unless the US start raising their rates, we will not see out rates start to rise dramatically based on Canada's fears that if our dollar rises too quickly it will hinder our exports to the US.  http://www.canadianmortgagetrends.com/canadian_mortgage_trends/2009/12/future-rate-predictions.html
Job Rates Improving?
Canada is expecting job rates to increase in the new year by a larger rate than any of the other G7 nations. Job creation, especially of this magnitude points towards rapid economic growth. As we all know in the Real Estate industry, job creation leads to an increase is market activity. Also, with stability in the economy, it may entice buyers who have been sitting on the sidelines to start entering the market. http://www.theglobeandmail.com/report-on-business/job-creation-to-pick-up-in-2010-bank-says/article1403821/
Mortgage Term Refresher?
It never hurts to have a reminder of what some of the different rates we can offer to your clients are. The attached article from MortgageTrends is a great informative piece that you can forward on to your clients which will help them have a general understanding of the different mortgage terms before they head to mortgage broker like ourselves. http://www.canadianmortgagetrends.com/canadian_mortgage_trends/mortgage-term-review.html
Canadian Mortgages Safe
CIBC released a report last week stating that even with mortgage rates being as low as they currently have been, we are no where near ending up in a housing bubble similar to what the US has been experiencing over the course of the past two years. Part of  the reason is because homeowners have larger amounts of equity in their properties. Attached is an articles briefly explaining why that is. http://www.mortgagebrokernews.ca/news/39382/details.aspx 

What We Do For Your Valued Clients:

Our main objective in working with your clients is to educate them on their financing options as well as provide them with adequate financing to help them purchase their home, investment or vacation property. We help clients see what they are capable of affording based on the rates we are able to offer. With our ability to fund rates with a high efficiency, we are able to pass along special rates that lenders offer us to your clients.

 If you know of anyone who would enjoy reading our weekly Newsletter and Rate Sheet, please let us know and we can add their email address to our growing list.

Our 5 year fixed rate sits at 3.89% which continues to sit well below historical lows. Our best variable rate is currently at Prime - 0.25% (2.0%) on a 3 year term.  With rates set to eventually rise  in 2010, we will see prime rate rise to combat any fears of inflation.

 

BROKER’S BEST RATES

TERM

RATE*

PMT/$1,000**

APR

1 YEAR CLOSED

2.25%

$3.44/$1,000

2.26%

2 YEAR CLOSED

2.85%

$3.76/$1,000

2.87%

3 YEAR CLOSED

3.25%

$3.98/$1,000

3.28%

5 YEAR CLOSED

3.89%*

$4.34/$1,000

3.93%

7 YEAR CLOSED

5.25%

$5.17/$1,000

5.32%

10 YEAR CLOSED

5.35%

$5.23/$1,000

5.42%

3 YEAR VARIABLE

PRIME - 0.25%

$3.31/$1,000

2.01%

5 YEAR VARIABLE

PRIME - 0.20%

$3.34/$1,000

2.06%

PRIME RATE 2.25%

For more information give us a call

              

Shaun Pierce, AMP                                                    Lesley Pierce, AMP

Mortgage Consultant                                                          Mortgage Consultant              

(250) 717 – 8949 (Ext. 102)                                                (250) 717 – 8949 (Ext. 103)

spierce@creativemortgage.ca                                  lpierce@creativemortgage.ca

 

Paul Cescon, BBA

Mortgage Consultant

(250) 717 – 8949 (Ext. 101)

paul@creativemortgage.ca

  For more information, visit our website www.creativemortgage.ca   

Visit join our Facebook Group http://www.facebook.com/group.php?gid=137244795963 

Follow us on Twitter - @MORTGAGE_BC

 

   * Rates are subject to change and Lenders approval

 ** Payments based on a 35 year amortization and monthly payments

 

 If you would like to be removed for our weekly rate sheet mailing, please reply to email asking to be taken off list

 

 

Posted by Brian O'Reilly | 0 Comments
Friday, October 09, 2009 10:28 AM

Price Reduced on 1760 Camp Road in Winfield

Winfield, Lake Country  -  Announcing a price reduction on 1760 Camp Road, a 3,094 sq. ft., 3 bath, 5 bdrm single story "Rancher with walk-out basement". Now MLS® $609,900 - .

Property information

Posted by Brian O'Reilly | 0 Comments
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Monday, March 09, 2009 8:39 AM

Mortgage Rates as/of Feb 24, 2009

 


BROKER’S BEST RATES

FOR

February 24, 2009


RATE PMT/$1,000**


1 YEAR CLOSED 3.25% $3.98/$1,000

2 YEAR CLOSED 3.90%* $4.35/$1,000

3 YEAR CLOSED 3.95%* $4.38/$1,000

4 YEAR CLOSED 4.25%* $4.56/$1,000

5 YEAR CLOSED 4.34%* $4.61/$1,000

6 YEAR CLOSED 5.40% $5.27/$1,000

7 YEAR CLOSED 5.60% $5.39/$1,000

10 YEAR CLOSED 6.20% $5.78/$1,000

PRIME RATE 3.00%

Variable Rate 3.80% $4.31/$1,000

* Indicates rate change since last update

** Payments based on a 35 year amortization


For more information give us a call

@ 250-717-8949

OR

Lesley Pierce @ 250-317-3850

Shaun Pierce @ 250-878-8977

Posted by Brian O'Reilly | 0 Comments
Monday, March 09, 2009 8:20 AM

468 Klassen Road in Rutland North is Sold!

Sold

Rutland North, Rutland  -  The 2 story at 468 Klassen Road has been sold.

Property information

Posted by Brian O'Reilly | 0 Comments
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Monday, March 09, 2009 8:18 AM

Single Story For Sale in Kelowna South

1201 Cameron
""Sandstone"

• 1,600 sq. ft., 2 bath, 2 bdrm single story "Gated Community" - MLS® $484,900

Kelowna South, Kelowna  -  This home is very well located in "Sandpointe" with the back having considerable space between its neighbour to the south and a dynamite view of the mountains to the south/west. Lawn and surroundings is meticuously maintainedand and is accessed by a sliding door from the family room situated at the rear of the home. The formal living and dining rooms are situated to the front of the home. Garage is larger than most and has a small room that can be uased as a workshop, den, or office, take you pick. Home is in pristine condition. Sandpointe is located close-in to everything. Rec center has 2 salt water swim pools, and recreation area. Pets & Rentals allowed with restrictions. Thanks, Brian

Property information

Posted by Brian O'Reilly | 0 Comments
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Monday, March 09, 2009 8:15 AM

2 Story For Sale in Kelowna South

622 Wardlaw
1/2 Duplex with Suite

• 2,778 sq. ft., 4 bath, 4 bdrm 2 story "Grade level Entry" - MLS® $589,000

Kelowna South, Kelowna  -  This 1/2 duplex has a suite and is approx. 2 years old. It is located in a demand area of Kelowna, close to Kelowna General Hospital and considered close-in to all amenities. Views from decks are to the North/East and North /West. The quality and finishing is top notch and of course can only be seen to be fully appreciated. It has hardwood and ceramic tile floors,3 bdrms. & 3 .5 baths on main, laundry both levels, main floor and suite appliances included (10), larger windows with venetian blinds to take in the views, 27' X 10" decks & patios with BBQ hook-ups, 2f/p's, central a/c, security, landscaped & irrigated, wired for hot tub on deck, hi-efficiency furnace, 30 year shingled roof, hardi-plank esterior walls,vaulted ceiling in main flr great room, fenced, parks 4 cars, both kitchen stoves are gas.

Property information

Posted by Brian O'Reilly | 0 Comments
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Monday, March 09, 2009 7:51 AM

January 2009 Central Okanagan STATS

 

Jan. 2009 statistics has now been posted to my site. Please go to the Button top right corner called Real Estate  scroll down to Links stats and click on whatever stat you require. -- thanks Brian O'Reilly

Posted by Brian O'Reilly | 0 Comments
Saturday, March 07, 2009 5:19 PM

Single Story For Sale in Kelowna South

• 1,600 sq. ft., 2 bath, 2 bdrm single story "Gated Community" - MLS® $484,900

Kelowna South, Kelowna

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Saturday, January 31, 2009 10:05 AM

Single Story For Sale in Quail Ridge

Capistrano Drive 1950
Custom Built

• 2,978 sq. ft., 3 bath, 4 bdrm single story - $859,900 - Immaculate finishing

Quail Ridge, Kelowna  -  Set above the golf course at Quail Ridge in Kelowna, this executive, custom-build, 2980 sq. ft. 4 bedroom, 3 bathroom rancher/walkout includes a unique blend of reclaimed, old growth wood in the finishing of this homes interior. "From The Forest Wood Products Ltd", a company specializing in reclaiming old wood, supplied the material resulting in an exceptional effect. The floors are wide planks, reclaimed from an old cannery, refinished, leaving the character marks from their formeer use, giving the floors an exceptional old world look. The kitchen cabinets are constructed from reclaimed, discarded school bleachers. The exposed beams, f/p mantel, pergola's & deck postsare made from a fruit packing plant at Gellatly Bay. Girders from an old school were used for the solid 8' front door. Features of this home are 10' ceilings, granite countertops, wine room, rock f/p, tile roof, balconies, l'scaping includes a waterfall & fish pond. Breathtaking views.

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Wednesday, November 19, 2008 11:38 AM

Duplex For Sale in Rutland North

• 1,012 sq. ft., 2 bath, 2 bdrm duplex "1/2 Duplex" - MLS® $234,900 - Priced to sell Immediatel

Rutland North, Rutland  -  This 1/2 duplex is located in Rutland North on a very quiet side street just off Leathead Road. It is amongst some very well taken care of homes. Pride of ownership seems to abound here..Location is unique in that it faces the mountains to the west and is on a large lot which may present some potential for adding on etc. A check at Kelowna City Hall can verify this as to your specific wants. This duplex is very well priced in that it size and price will win out over many comparables in the condo market for size and price. DON'T FORGET no strata fees. Please see general Info for room sizes. Thanks

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Thursday, November 13, 2008 9:47 PM

Financial/Equity Markets Impact October Home Sales

Vancouver B.C. Nov. 14, 2008. British Columbia Real Estate Association (BCREA) reports residential dollar sales volume on the MLS in B.C. declined 54% compared to October 2007.Residential unit sales were down 51%. The average residential price in the province was down 6.5% from October 2007.Housing demand was negatively affected by the global finincial crisis and a sharp downturn by the equity markets. These events exaceberated and already low level of consumer confidence, keeping many potential homebuyers on the sidelines.

Residential sales in October were the lowest since December of year 2000 on a seasonally adjusted basis. While the provincial economy has weakened fundamentals support a higher level of home sales than experienced.

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