Thursday, 30 January 2014

Housing Demand to Trend Higher



Here is what BC's market is looking like according to the BCREA
 
 The British Columbia Real Estate Association (BCREA) released its 2014 First Quarter Housing Forecast Update today. 

BC Multiple Listing Service® (MLS®) residential sales are forecast to increase 4.8 per cent to 76,450 units this year, before increasing a further 7 per cent to 81,800 units in 2015. The five-year average is 75,400 unit sales, while the ten-year average is 84,400 unit sales. A record 106,300 MLS® residential sales were recorded in 2005.
“Housing demand in the province has nearly fully recovered from the 2012 downturn,” said Cameron Muir, BCREA Chief Economist. “Over the next year, BC will be the beneficiary of more robust global economic growth, led by a resurgent US economy and a favorable exchange rate. The resulting boost in employment will help underpin the housing market.”
“Home prices are not expected to climb much higher than the overall inflation rate as housing starts are expected to keep pace with consumer demand, added Muir. The average MLS® residential price is forecast to increase 1.8 per cent to $547,300 this year and a further 1.7 per cent to $556,800 in 2015. 

- See more at: http://www.bcrea.bc.ca/news-and-publications/news-room/news-releases/housing-forecast-news-release#sthash.aGu5xzqe.dpuf

Courtesy of BCREA 

Thursday, 16 January 2014

For Sale $249,000 #A 2929 Richter Street


Excellent First Time Home Buyer Opportunity. Great alternative to a Townhome or Condo. Fenced Yard, Cozy 2 bedroom home close to beaches, Okanagan College and Kelowna General Hospital. Great Lot. Updates. Call Steve Higgins for more information. Addendum A must be included in all offers. All Offers to have "AS IS WHERE IS" in Clause 7. Subject to Court Approval. 5% deposit required. Contact Steve Higgins RE/MAX 250-864-7893 for more information.

For Sale in Glenmore, 229 Ranchland Court $439,900


Beautiful Family Home on Huge Private Lot. 3 Bedrooms up, and 2 family rooms and office on Main floor. Could be 2 beds down if preferred. Suite Potential. Garage can be converted back. All new floors, roof and much more. Open concept. Mint Condition. Cul-de-sac location. Backs onto Snowsell which is a dead end street. Quiet. Room for RV. Bright spacious updated kitchen. This is a wonderful home with a great layout offering many options for your family. Great for home office or could be suited for the in-laws or mortgage helper. This home shows very well. Call Steve Higgins for easy viewing. 250-864-7893

Friday, 10 January 2014

New Listing and a Great Opportunity $199,888.00!



QUIZNO'S SUBS #116 948 McCurdy Road, Kelowna, V1X 2P7

Fantastic Quizno's Subs Opportunity. Very well established customer base over 14 years. Owners retiring. Large restaurant in Great location next to Grant 10 Cinema, The Brick, Freddy's Brew Pub, Bowling and more. Steady traffic. Offices, Industrial and Residential nearby. Corner of Highway 97 Harvey and McCurdy. Great 5 year lease with low rent and option to renew. Tons of parking. Patio tables in front of store. Quizno's Corporate Office requires substantial updates and renovations prior to transfer of franchise to new owner. Seller to cover the cost of updates. All inquiries contact Realtor only. Call Steve Higgins RE/MAX 250-864-7893

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