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Kelowna Investments and BC’s 1st Solar Power Community

Since this time last year, we have seen sales volume INCREASE! In Metro Vancouver, there were 137 more detached homes sold last month compared to the year prior, 91 more condos, and 54 more townhomes. Great news right?!

Well, yes and no. Depends on which side of the fence you’re on – a seller or a buyer.

Benchmark prices are still down. Buyers have finally started putting in their offers as they realize that they have a lot of opportunity with lower interest rates and can negotiate hard against sellers. Sellers are still facing a difficult time getting their ask price, or selling their home at all.

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Rent near your work, own where you can afford


It’s very common to hear many people in Southern BC complain about the high real estate prices. But, if you are in the real estate market, the high real estate prices have increased your net worth and you now have a ton of equity sitting in your house. Many homeowners have seen huge appreciation in their home’s value, more than they would have ever been able to save on their own from the income that they earn.  Continue reading

NEWS UPDATE!! Experience the Difference…

I’m excited to announce that I have rebranded as a Flat Rate Realtor in BC!

What does this mean?
It means you or anyone in British Columbia that owns a home, land, or recreation property can now SAVE a FORTUNE on real estate fees when you sell with me. There’s no catch! I also offer my clients OPTIONS to choose from when they list their home for sale. Who doesn’t love having options?!

Why?

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Is your city on the list of cities that saw increases in prices last month?

MARKET HIGHLIGHTS

If I asked you: “Do you think the market is going up or down” you would probably say it’s going down. Why is that? Well, the media and everyone you speak to seems to take note when it’s unfavourable. What if I told you that there are many parts of the Lower Mainland that saw an INCREASE IN PRICE last month? You would be a bit surprised, since nobody is mentioning this, right?

Instead of me giving a very dry market report on what is decreasing, I want this to be fun and show optimism of what is INCREASING! Take note that most areas in the Fraser Valley have increased. Continue reading

Hot cities to invest in BC | January 2019 real estate market report

MARKET HIGHLIGHTS

We have seen a significant cool down in the market since last May. While the Lower Mainland realizes a slow-down in all housing segments and cities, other parts of BC have not seen the same decline. As many of you know, I was recently in the Kootenays to meet with brokerages, property managers, and scope out new investment/relocation areas. The Kootenays board was the only board last year to see an increase in sales prices, instead of an overall decrease. There are many Albertans relocating to the Kootenays and retirees from the prairies also relocating there. Ask me more about what you can get for $300,000 and also, how the rental demand is doing!

I’ve heard many people say “We’re going to wait to buy because the market may continue to slow down”. If you’re looking to buy, now is the time to do it. Why? Fixed rates have decreased because they are tied to bond yields, which have also decreased. A 5 year insurable fixed rate is 3.49%. Also, buyers hold a lot of power right now, so if you wanted to put in an offer, 10 or 20% below list price, you may not have any other competing offers. How much are you hoping housing prices will continue to decrease before you’re ready to buy? Continue reading

How to split the utility bills when you have an unauthorized suite

How to split the utility bills when you have an unauthorized suite

Splitting utility bills with an unauthorized suite

I had a recent buyer of mine ask me how I ‘normally’ charge tenants for utilities, when it’s an unauthorized suite. I realized that with the growing amount of NEW real estate investors purchasing homes with unauthorized secondary suites, this must be a common question on their minds. Continue reading

Should we buy or sell first?

A common question and dilemma from home owners that are planning on relocating is: should we sell or buy first?

As a real estate advisor, I like to say that you are in the driver’s seat and are fully in control of the decisions in the real estate process. The reason that I’m saying this will make sense when I address the biggest myth and therefore, issue that sellers think:

“If I sell my house first, then I could be left without housing for me and my family.” That thought is the number one reason why people feel they should buy first and then sell. But let me break this down a bit more. Continue reading

Best cities to invest in, rental rates and prices compared

This blog was written for renters, real estate investors, anyone curious to see the actual up-to-date facts (stats) on what is happening in the market place, and lastly, for myself. I love crunching numbers on the rental market vs. listed price in various cities across British Columbia, which is why I am a licensed Realtor and hold a CPA designation. Because of this, I hold real estate investments in the Okanagan and on Vancouver Island, because I saw the opportunities. Continue reading