Tuesday, 30 June 2015

Investors Dream for only $683,000.00


 This is an Investors dream!! Fully Updated Duplex with Suites. Great Income Potential only 2 KM from Downtown. One side has 3 bedrooms and a 2 bedroom suite, the 2nd side has 3 bedrooms and a 1 bedroom suite. 6 foot crawl space offers tons of storage and the landscaped backyard is a gardeners dream with privacy. Own your home and help pay the mortgage with the rental income. Hurry, this income opportunity wont last long. Call Steve Higgins RE/MAX Kelowna 250-864-7893 to arrange a private viewing.

Sunday, 28 June 2015

New Listing in Joe Rich $3,199,900.00


One of a kind property located just a short drive from town. 320 acres, 2 separate titles, fully usable and completely private. This property is fully fenced and has a cozy 2 bed 2 bath home along with a spacious barn and other outbuildings. From beautiful forest trails to wide open meadows and wet lands this property is home to numerous wildlife and is a nature lovers paradise. There are few parcels such as this available in Kelowna and this one is worth a close look. Call Steve Higgins RE/MAX Kelowna 250.864.7893 for a private tour today!

BC Housing Demand is Forecasted to be Strongest Since 2007




The British Columbia Real Estate Association released its 2015 Second Quarter Housing Forecast. There is a more robust economic growth, with strong consumer confidence and the rock-bottom mortgage interest rates are expected to push housing demand this year to its highest level since 2007. 

Multiple Listing Service residential sales in British Columbia are forecast to rise 2.4 per cent to 86,050 units this year and a further 3.9 per cent to 89,400 units in 2016. The ten-year average is 82,100 unit sales. There was a record 106,300 MLS residential sales were recorded in 2005. That would be nice to see that again! 

The average MLS residential sales price is forecast to rise 4.5 per cent to $594,000 this year, with most of the upward pressure being exhibited on the South Coast. Elevated consumer demand is expected to be partially offset by resale inventories and additions to the housing stock in 2016. As a result, the average MLS residential sales price is forecast to increase by 2.4 per cent to $608,500 next year.

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