BC Real Estate Foundation approves $1,459,000 in grants to support BC ventures.
And that was just at their June meeting! The interest earned on Deposit money held in Trust accounts; in BC, is used to support projects that strengthen communities and protect our shared land and water. This amounts to millions a year! Article
Kelowna continues to be a busy city!
Kelowna takes building boom to next level Building permits average $200 million a month and housing sales are up 253% from 2020 as Okanagan city shifts into development overdrive. Article
Sales predicted to decrease… but will prices?
Home sales will fall 20% next year: BCREA British Columbia housing sales will see another "record-smashing" performance this year before sales plunge more than 20% in 2022 as price increases fall to single-digit levels, according to the BC Real Estate Association. Article
Home Sales by Region
Quite the dramatic chart both in the downward crash and the amazing, unexpected soaring sales!
Mobile homes use the most electricity of all home types
BC Hydro has a new report out... The average mobile home uses 50% more electricity per square foot than an average single-family house. Article
Buying a Rental Property with Tenants
There are so many aspects to consider... Do you want to keep the tenants, move in yourself or move a family member in? Article
Building Pandemic-Proof homes
Covid-19 is inspiring innovation in home building. Touchless entries, bringing back built-in computer desks and exterior elevators... all changes designed to decrease congestion and germ transmission. Article
RE/MAX says the market will remain HOT this winter.
RE/MAX says the Canadian real estate market is "ripe with a wide range of opportunities for both new homebuyers and homeowners looking to upgrade." Greater Toronto Area: $890,400 (+11.1%) Greater Vancouver Area: $1,038,700 (+5.3%) Ottawa: $517,800 (+19.9%) Greater Montreal Area: $408,200 (+16.4%) Halifax: $372,982 (+18.1%) Article