Vernon Real Estate Pages by Silver Star Media

VERNON & AREA

Armstrong Enderby Lumby

View the e-Edition online

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Issue 23 • Nov 26 - Dec 10, 2017

Greg Barteluk

Robin Baycroft*

Glenn Beach RE/MAX Vernon

RE/MAX Armstrong

Mike Beck

Larry Bennetto

Murray Bennetto

Maria Besso

Krista Blankley*

Kathy Broderick*

Mark Collett

Don Cowan

Doug Cuthbert*

Ryan Danchuk

Brandy DeBartolo

Don Defeo*

Craig Demetrick

Judy Fischer

Debbie Fisher

Gord Fowler

Jacquie Friesen RE/MAX Vernon

RE/MAX Armstrong

Roger Gates

Marty Gilbert*

Kyle Goulet

Chris Holm*

Bev Jones

Greg Kalyniuk RE/MAX Vernon

RE/MAX Vernon

Don Kassa

Christie King

Heidi Klein*

John Kristian*

Woody Kuraoka

Tracy Lauriente

Bonita Lundquist*

Heidi Lussi*

Nick Lutsenko RE/MAX Vernon

RE/MAX Commercial Solutions

Graeme Magee

Ken Magel

RE/MAX Enderby

RE/MAX Commercial Solutions

Graysen Marsh

Jayme McKillop Shane McMorran*

Stewart Pearson*

Damian Pighin*

Ashley Prenioslo

Teresa Prince

Dave Pusey*

Claire Radford*

Rodney Shanks

Pratab Sidhu

Shawna Sidhu*

RE/MAX Vernon

RE/MAX Armstrong

RE/MAX Vernon

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RE/MAX Lumby

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RE/MAX Commercial Solutions

RE/MAX Priscilla

Armstrong

RE/MAX Vernon

Commercial Solutions

2555 Pleasant Valley Blvd 5405 26 St Armstrong, BC V0E1B0 Vernon, BC V1T 7G4 250.546.3119 250.503.3477

RE/MAX Vernon

Enderby

RE/MAX Vernon

Priscilla Sookarow Cheryl Soleway RE/MAX Priscilla

Lumby

Vernon

RE/MAX Vernon

RE/MAX Lumby

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Lisa Salt*

Chris Santos

RE/MAX Vernon

Tammy Stein

Brent Stevenson

RE/MAX Vernon

Alan Stier

RE/MAX Vernon

RE/MAX Priscilla

Alex Wambold

Cliff Wenger

Vernon (Silver Star Office)

908 George St Box 188 2095 Shuswap Ave 5603 27 Street 108-152 Silver Lode Lane Enderby, BC V0E 1V0 Lumby, BC V0E 2G0 Vernon, BC V1T 8Z5 V1B 3W9 250.547.9266 250.549.4161 250.838.0025 250.549.4161

*Denotes Personal Real Estate Corporation

RE/MAX Vernon

Each office independently owned and operated.

RE/MAX Priscilla

RE/MAX Vernon

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Stefe Brenner*

Feeling Social? We are. For up-to-date real estate market information, join The Right Agents’ social media network:

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Connor Hutchinson RE/MAX Vernon

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Rachel Pasemko-Almaas* Heather Paulsen RE/MAX Vernon

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RE/MAX Vernon

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We hope you enjoy our magazine brought to you by the RE/MAX REALTORS of the North Okanagan and Silver Star Media Inc. ®

To see your home advertised here call one of these RE/MAX agents today.* ®

Steve Wikkerink RE/MAX Vernon

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Brad Marsh

Managing Director *Not intended to solicit properties already listed for sale.

Each office independently owned and operated.

Hutch "N" Son 250-558-8728 sidhutch@gmail.com

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Vernon

#304-103 George Street, Enderby

9790 Springfield Rd, Lavington

12311 Husband Rd, Coldstream

#425-3901 32nd Ave, Vernon

Unbeatable value as an investment or for a first time buyer getting into the market! Top floor, 2 bedroom, 1 bath home in great condition in quiet and well cared for strata complex.

10+ Acres of Gently Rolling Farm Land. Irrigation, Farm Status and Utility Hook Ups at Lot Line. Amazing Valley Views, Private, Don't Wait Build your Dream Home Today.

Beautiful views of Kalamalka Lake with private backyard. Hardwood, updated kitchen, Jacuzzi tub & great floor plan for entertaining. Relaxing on Kalamalka beach is just a short walk away!

Great starter home or investment property located in the Centrepoint apartment building. Awesome fourth floor- corner unit with views out both sides, 3 Bedroom 2 Bath.

MLS®10142105

MLS®10137679

MLS®10138367

$124,900

$575,000

$589,900

MLS®10145772

$174,900

Vernon is pleased to welcome Nick Lutsenko to our team of professionals.

Nick entered into the workforce at a young age and learned very quickly that hard work and dedication pays off. His ambition and goal orientated mindset has kept him advancing ever since, his work experience ranges from food establishments to the automobile & construction industries. Nick spent time working in the Alberta oil sands and there decided to pursue his interest for real estate. He completed his Real Estate Trading Services course while working long hours away from home. Growing up in a family that was heavily involved in the construction business, Nick was involved in working for the family business and learned many valuable things about the housing industry.

Donation pick up Wednesday Dec 6th for more info visit:

www.RealtorFoodDrive.com

Nick’s personal attention to detail, his passion for real estate and his never ending drive to see his clients succeed make him an incredible real estate agent.

Nick Lutsenko 250-306-7011 nick@northokanaganhomes.com

DonKassa

REALTOR ® SERVICES Over 45 years of combined experience

Don Kassa (left) REALTOR®

Ryan Danchuk (middle) REALTOR®

Tracie Gobelle (right) Administrator

250.549.4161

DonKassa.com donkassa@donkassa.com

At Silver Star Mountain Resort near Vernon, BC. This is one of the largest and most private fee simple duplex lots in The Ridge subdivision. South exposure with a level driveway possible. Easy ski to and from access right at the rear of the property, appropriate for all levels of skiers. Victorian or Craftsman building scheme. MLS#10145069

In Silver Star Ski Resort near Vernon, BC. A one bedroom suite right in the heart of the Village. The bedroom has two queen sized beds and the living room has a double pull out couch; sleeps 6. 4 piece ensuite bath. The kitchen/living room and the covered deck overlook the village. Convenient location near shopping, dining, pubs, ski rentals; everything you need for a perfect vacation. Exterior repainted 2014. All pre-existing guest bookings must be honoured by Buyers. MLS#10145112

#202 -148 Silver Lode Lane

$109,000 In the Firelight at Silver Star Mountain Resort. A two bedroom two bath second floor unit with a nice deck. Bright and roomy, a nice family retreat. The complex features a common hot tub, ski lockers, underground parking and Pin Heads Bowling is in the building for family fun! Adjacent to the skating pond and close to the tube park, lighted downhill skiing and cross country skiing. All pre-existing guest bookings must be honoured by Buyers. MLS#10134116

#208- 30 Monashee Road

9877 Cathedral Drive

New

$330,000

Firelight on the Pond. A top floor, 3 bedroom, 2 bath corner/end unit with peaked ceilings, windows on two sides, gas fireplace. Fully furnished with appliances. Great mountain views. Covered deck. Pinheads Bowling Alley in the basement, along with Final Run Bar & Bistro. Underground parking, elevator, and a shared outdoor hot tub. Located adjacent to the skating pond and Tube Town. Ski in/ski out and right on the cross country trails. Level, short walk to the Village. MLS#10145390

The 'Queen Victoria', a one-of-a-kind, award-winning, Silver Star home with an authentic Victorian design! Fully furnished with antiques from around the world. 4 Bedrooms, 4 baths - plus, a 2 bedroom, 1 bath suite! This home offers old world luxury & modern comforts with ski in, ski out convenience to Nordic & Alpine via skiway behind the home. The Queen Victoria is flooded with natural light. MLS#10127277

$768,000

$764,000 Sweeping views from the Spallumcheen valley to Kal Lake from this 4.97 acre dream property. Adjacent to the Grey Canal walking trail and only 8 minutes from town the lot has great South Western exposure allowing for incredible sunsets. Numerous building sites, you can choose to build in the trees or right above the rocky bluffs. Well is in with plenty of water at 9GPM. MLS#10139734

$449,900

$209,000

$469,800

At Silver Star Mountain Resort in the Ridge Subdivision. This home has an exceptional main living area on the top floor which has a family room an open concept area with attractive use of beam work and wood flooring. Numerous windows in this south facing area. Each of the bedrooms has an ensuite bathroom. This home has a cost effective geothermal heating and cooling system, on demand Rinnai hot water heater and a double garage. GST is paid. MLS#10137793

9864 Cathedral Drive

Vernon

Quick Possession! East Hill - A 4 level front to back split level home with 4 bedrooms, a family room, and a play area. 2.5 baths, double garage, and a private rear yard. Roof was replaced less than 5 years ago. Wood, carpet, and tile look lino floors. Kitchen is lake/city view and open to lower level family room. Natural gas furnace with central air, natural gas hot water. Alarm system, double garage. Front yard is in low maintenance trees and rock. Rear yard is private with a raised wood patio and concrete walkway. MLS#10143796

4505 Cascade Drive

$494,000

Please visit our newly redesigned website www.silverstarproperites.ca

Lumby

O: 250-549-4161 C: 250-938-2604 doncowan@remax.net

Each office is independently owned and operated

,90

Bright 3 bdrm, 1 bath home with a lovely yard. Fenced back yard with room for all your toys. Many upgrades. Superb location within a block of both the Elementary & High schools, the park, swimming pool, and ice rink. property is zoned R2. MLS®10141649

9,9

6 $6

Don Cowan

#102-9804 Silver Star Road

#210-4305 Bellevue Drive

Fully furnished Studio unit in Wintergreen at Creekside including Queen size Murphy bed & leather hide a bed as well as all the bedding & dishes, ready to enjoy. One of the largest studio floor plans. Close to lockers and hot tub, with easy access to Silver Queen lift, skating and tubing. Upgraded with vinyl plank flooring. MLS# 10142198

180 Procter Road, Lumby

2980,2996 Mabel Lake Rd, Lumby 3 titles all for sale for 1 price. Just over 224 acres. Approx. 85 acres of hayland & a rock bluff with a couple of building sites with beautiful views. Approx. 1/2 mile of river front with some sandy beach. This would make a lovely farm or a group recreation purchase. MLS®10134223

2095 Shuswap Avenue www.lumbyrealestate.net

1 888 547 9266 Toll free 1 250 547 9234 Fax

Darline Scott 250-558-8112

Vernon

,9 59

This lovely Chalet style home boasts 4 spacious bdrms & 3 baths. The U-shaped kitchen has plenty of solid wood cabinets, a new oven & a counter top stove. There is also a large pantry to store all your goods. The open concept living room/ dining room is perfect for entertaining and family get togethers. MLS®10119298

2246 Shuswap Avenue, Lumby

,9 80

Great for investors or first time buyers! 2 bdrm, 2 bath condo in Lakeview Terrace. Recently upgraded and includes newer carpets and entry flooring, repainted or replaced doors and more. This is an end unit on the quiet side of the complex, and has a lake view. Priced for action at $189,900. Contact me for an informed showing. MLS# 10140000

With over 30 years selling Real Estate in Vernon, I know the market.

Contact me for your free no obligation Market Evaluation.

The sign you want The Agent you need.

250-540-1323 Residential - Commercial Thermal Imaging at no Fee with every Inspection Rex Rainsforth, MEd, AHI rex_insp@telus.net

okanaganhomeinspections.ca

TheRightAgents.com

@RightAgents

TheRightAgents

YOURREALESTATEPAGES.COM | 7

Enjoy Silver Star Mountain Living

50+ Community

Beautiful Condo at ground level mls# 10134793

Open Concept, 2 bedroom, 1 bath mls# 10143395

#106 - 30 Monashee Rd

#24 - 12069 Westside Road

www.your5starteam.com Newport Beach

Close to Village Center

Offered at $94,900

Offered at $634,900

Cliff Wenger REALTOR®

P. 250.549.4161 C. 250.309.0289 TF. 1.800.667.2040 cliff@your5starteam.com

Tammy Stein REALTOR®

P. 250.549.4161 C. 250.306.9974 TF. 1.800.667.2040 tammy@your5starteam.com

Vernon

READY TO START THAT KITCHEN PROJECT? We are here to help from start to ﬁnish!

BENNETTO & ASSOCIATES www.bennetto.ca

Murray Bennetto

COMPUTER GENERATED 3-D DRAWINGS

Since 1972, Westwood has been creating fine cabinetry that provides a truly custom look without the premium price. From our extremely broad selection, customers choose the combination of style, materials and finish that fits their lifestyle. Once chosen we apply our well honed skills to craft cabinets that can be valued for life. DESIGNING EACH KITCHEN TO SUIT EVERY UNIQUE CLIENT.

REALTOR®

MEET OUR QUALIFIED DESIGNERS

STATE-OF-THE-ART PRODUCTION FACTORY TRAINED, EXPERIENCED INSTALLERS

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250.306.6476

Vernon

Larry Bennetto REALTOR® 250.308.6025

#112-9100 Mackie Dr., Coldstream Popular Cottonwood floor plan (The Views) in great location near the end of the complex, looking to the southeast. Bright, open unit w/ 2 bdrms plus den, 1 full bath w/ tub & large shower. Coldstream Meadows is a world class retirement community that offers many amenities that include gym, underground parking, beautiful gathering room, vegetable plot and more. Nestled in a warm friendly atmosphere, surrounded by nature.

MLS® 10145001 - $329,000 770 Monashee Court, Silver Star

Beautifully renovated Victorian style home on Knoll cul-de-sac with 2 bedroom suite. Total of 8 bedrooms and 7 bathrooms on 3 floors (properly sleeping 20 people) 2 hot tubs, sauna. High quality throughout. Ski-way at rear. Contents included. MLS® 10127733 - $875,000

11415 Hillside Drive NE

DawnTaylor.ca 250-309-4092

$349,900

Brand New Modular

$75,000

194 Falcon Ave

0.41 acre building lot, Lake access only minutes away. Suitable for a level entry home.

562 Meadowlark Ave

241 Grouse Avenue

378 Lakewood Road N

$413,000

Short Walk from Beach

$398,888

Gorgeous 2016 Rancher

$329,900

Westshore Estates Rancher

2 beds, den, 2 baths, open main floor, 9ft ceilings, central air, double garage being added.

e siv clu x E

Westshores Estates

4 beds, 3 baths, full walkout basement on a large 0.30 acre lot. Double car garage

2 beds, 2 baths, open plan, bright 1 bed 1 bath in-law suite in the basement.

$65,000

Beautiful 0.60 Acre Lot

$159,900

View of Okanagan Lake

2 bdrm, 2 bath rancher. Extra large lot w/ parking, Single car gargage. Open plan, Oak Kitchen

3 beds, 2 baths, huge open plan main living area. 5 minute walk away from beach & boat launch.

Nicely treed lot in a private setting. Zoned R1, power and water at the lot line.

3 bedrs, 1 bath, 2 minute walk from the beach & boat launch. Room to park a boat or an RV

1067 Mt Fosthall Dr

0000 Highway 97 Vernon

427 Hummingbird Ave.

6628 Pleasant Valley Rd.

$473,000

Fabulous Family Home

Vernon

10414 Columbia Way NE

$739,900

Personal Real Estate Corporation

10271 Columbia Way

Fabulous Coldstream Rancher

Dawn Taylor

#150 9510 Hwy 97

3 beds, den, 3 baths, oak kitchen, fully fenced yard, A/C, RV parking, garage.

$259,900

Beautiful Kalamalka Lakeview 5.19 acre property at the South end of Vernon at the Kekuli Bay Turnoff. Zoned LH.

$299,900

Looking for New??

3 bedroom, 2 bathroom, 2 story home on a spacious corner lot in Parker Cove.

$1,700,000

Beautiful Lakeview Lot 9.86 acre property. Mixed zoning of Country Residential and C4 (service commercial)

e-Editions available online YourRealEstatePages.com

@REPVernon

Vernon Real Estate Pages

YOURREALESTATEPAGES.COM | 9

250.309.0039 chris@chrisholm.ca

REALTOR®

Diane Callbeck Client Care

Yania Greenaway Admin Assistant

Natalia Vignola Graphics & Design

250.549.0023

250.309.9969

250.308.4310

Brenda Ellis

(unlicensed)

Shelby Bouchard

Brent Stevenson

$549,900

4384 Walbridge Road

$1,380,000

Deluxe 4 bed, 2.5 bath, 2,920 sq. ft. townhome in a quiet strata complex perched on Middleton Mountain. Gorgeous panoramic views from the living area, master bedroom, covered deck, patio, and fenced yard. Get used to comfort and ease of living with Smart Wiring for lighting, built-in multi-room sound, and security system. This custom finished home also includes central air, central vac, attached double garage, and fantastic media room. MLS#10145178

$1,279,000

RN O N

7233 Lakeridge Place

ST R

RN O N

#9 - 1040 Mt. Revelstoke Pl.

Imagine coming home to this custom built 4 bed 4.5 bath executive home, with fenced acreage perfect for the equestrian family. Located on 5+ acres in Spallumcheen, this 6,000+ sq.ft. home offers an incredible feeling of space and luxury, with amenities including pool, hot tub, steam shower, wet bar, games room, theatre room, wine cellar, and library. Fully cross-fenced with stables and outbuildings, this is country living at its finest. MLS#10141446

Live in style and luxury with this fabulous 6 bed 3.5 bath 5,048 sft. family home overlooking Okanagan Lake. Exceptional layout offers privacy for family members and guests, with splendid bedrooms and well-designed living spaces. Fenced backyard built for entertaining with pool, hot tub, & outdoor living space with BBQ and bar. Further amenities include central air, central vac, security system, and attached garage. MLS#10142502

Because the world is online, so are all of our listings.

View our listings + 100's more at ChrisHolmRealEstate.ca

Vernon

J&J Real Estate Associates

Jen Sellar 250.309.3439 jen@jjsellrealestate.com

Presents

Jayme McKillop 250.307.8137 jayme@jjsellrealestate.com

The Oaks · PHASE 4 NOW SELLING in this Luxury Town

Home Development! Get in at these great PROMOTIONAL prices including net GST, while you can! Currently listed, the KALAMALKA level entry floor plan with beautiful loft offers a spacious Master Suite on the main & 2 large bedrooms plus den/4th bed*/flex room up. The ‘soon to come’ OKANAGAN floor plan is also level entry with the Master Suite on the main & offers a full walkout basement, with the option of up to 3 additional bedrooms* down and a huge bonus room under the garage awaits your ideas. Both plans include a 3-pc. ensuite with walk-in shower off the master bedroom, A/C, energy efficient gas furnace, gas fireplace, full size double garage, kitchen appliance package and 2 options for laundry hook up. 3 new & fresh interior design options to choose from to suit your personal style. Includes quartz counter tops, custom cabinets, & high quality laminate, vinyl tile & carpet throughout. These town homes are built with uncompromising quality & attention to detail.

Kalamalka starting at $424,900 Okanagan starting at $439,900 N

NOW SELLING Phase 4

Phase 2 & 3

*Additional bedroom options & upgrades are available at additional costs.

Phase 1

NOW SELLING

Kalamalka

Okanagan

Call/Text us today!

MLS® 10143137 & 10143090

John Kristian

Brandy De Bartolo

Personal Real Estate Corporation

250.549.4161 John@johnkristian.ca JohnKristian.ca

Personal Real Estate Corporation

250.558.8839 brandy@okanagansavvy.com OkanaganSavvy.com

Vernon

928 34 Avenue, Vernon

4208 34 Street, Vernon

#103 - 2500 53 Ave, Vernon

Show Home in the prestigious Royal Oak Subdivision. You will be amazed by the great care & attention to detail!

Walking distance to schools, shopping, & on bus routes. Ideal starter home w/ 3 bdrms 2 baths up & basement suite.

Great Commercial Space, located in a high traffic area. Approx. 1000 sqft of Retail Space. 3 Parking Stalls.

MLS®10127964 $865,000

MLS®10141803 $329,000

MLS®10142911 $289,000

2350 Danallanko Drive, Armstrong

314 Baldy Place, Vernon

2530 Bowie Drive, Armstrong

Large view lot in the prestigious foothills. Zoned for legal suite, build your dream home & have a mortgage helper!

Like New Home with Mortgage Helper on a Large, fully Landscaped, Lot at the end of a Quiet Culdesac!

MLS®10142785 $239,000

MLS®10141292 $639,000

Extensively renovated inside and out this 5 bedroom, 3 bathroom home in quiet area. Just move in & enjoy!

MLS®10141548 $479,900

Business & Farm

INC

SilverStarMedia.ca 250.545.8858

The Real Estate Pages is published by Silver Star Media Inc., 3118 32nd Ave, Vernon, BC V1T 2L9. Reproduction of any photographs, artwork or copy is strictly prohibited without prior written consent of the publisher. All advertised properties are subject to prior sale or withdrawal without notice. Neither The Real Estate Pages nor Silver Star Media Inc are a registered real estate broker and this magazine offer is not an effort to assist in the buying or selling of real estate. The advertisers and publisher are not responsible or liable for misinformation, misprints or typographic errors.

Home & Travel

Auto & RV

All Insurance Services We provide protection options as unique as you are. 250-545-5311 www.jmins.com

3923 32 St. Vernon, BC V1T 5P2 Monday thru Friday: 7:30-5:30, Saturday: 9:00-5:00

YOURREALESTATEPAGES.COM | 11

Heidi Lussi PREC Steve Wikkerink REALTOR® Beate Schmidt REALTOR® Susan Olney Administrative Coordinator

We are NEVER too busy for your referrals

The

Heidi Lussi Real Estate Team

Vernon

www.heidilussi.com | 250-503-3487 | info@heidilussi.com #208 - 4205 27 Steet

5156 Hwy 97

$269,000 2 bedroom, 2 bath unit. Large covered balcony. New carpets, 5 appliances included. Heated secured underground parking and storage locker. Close to all amenities.

New

MLS®143414

MLS®10145539

205 Highway 97 South

#31- 4740 20 Street

$1,950,000 Kal Lake Country Estate with incredible lake & mountain views. 9.12 acres, gently rolling, custom quality home, triple car garage. Detached 27’x60’ shop, animal shelters, fully fenced and cross fenced. Ideal location between Vernon and Lake Country

New

$223,000 45 minute scenic drive to either Vernon or Kamloops, easy Highway access, flat 1.17 acre property. Fenced pasture, detached garage/shop, 1652 sqft. rancher home w/ partial basement. New natural gas forced air furnace. Large main floor laundry with mud room, back entrance door to yard. Ample parking.

$219,000

Ground floor, level entry unit. 2 beds, 2 baths, covered parking. Convenient to shopping, bus & town. Patios front and back. Great clubhouse for all to use.

New Price

MLS®10143424

MLS®10145617

The sign you want The Agent you need. TheRightAgents.com

@RightAgents

298 Old Salmon Arm Road, Enderby

TheRightAgents

Immaculate 3 bedroom 2 bathroom home on 2.87 acres on the North side of Enderby. With the flooring, kitchen and bathrooms updated there is nothing to do but unpack. The views off of the generous size deck at the back of the home are amazing, from the landscaped yard to the Enderby cliffs! MLS®10142026

$549,900

BCREA HOUSING FORECAST UPDATE 12

February 2017

Market Intelligence

BCREA Economics

Housing Forecast Summary — First Quarter

Market Intelligence Unit Sales

November 7, 2017

BCREA Economics

Average MLS® Price ($)

7, 2017 2016 2017F 2018F 2016 2017F November 2018F BCREA Economics 10,028 9,250 8,500 585,745 599,000 608,000 Victoria 27.5% -7.8% -8.1% 12.3% 2.3% November1.5% 7, 2017 10,532 9,400 8,750 $383,192 $396,000 $402,000 Vancouver Island Housing affordability is fundamentally the relationship between the housing stock 26.6%linked to-10.7% -6.9% 12.8% 3.3%and market 1.5% demand. Strong economic growth has and $284,471 consumer confidence 417 created rising 390 labour demand 345 $288,000 side $291,000 Powell River Sunshine Coast -6.5% entering -11.5% 15.3% 1.2% have 1% effects, while net migration and a 9.4% wave of millennials their household-forming years 40,880 34,000 35,750 1,017,228 942,000 963,000 Housing affordability is fundamentally linked to the relationship between the housing stock and market rounded out a “perfect storm” of demand-side momentum. In turn, the supply of resale homes on the Greater Vancouver -5.2%has created -16.8% 5.1% 12.7% -7.4% side 2.2% demand. Strong economic growth rising labour consumer confidence market in Metro Vancouver has plunged to decade lows. Thisdemand has led and to continuing upward pressure on 23,086 19,700 entering 18,900 $676,946 $657,000 $668,000 effects, while net migration and a wave of millennials their household-forming years have Fraser Valley home prices, because elevated consumer demand been matched by17.2% an equivalent increase Housing affordability is fundamentally linked to-14.7% thehasn’t relationship between the housing stock-2.9% and marketin 1.7% rounded out a “perfect storm”15.1% of demand-side momentum.-4.1% In turn, the supply of resale homes on the supply. demand. Strong economic growth has created rising side 3,400 labour demand 3,100 and consumer $397,911 confidence $416,000 $428,000 market in Metro Vancouver has4,306 plunged to decade lows. This has led to continuing upward pressure on Chilliwack and District effects, while net migration and 37.2% a wave of millennials their household-forming years have -21% entering-8.8% 18.4% 4.5% 2.9% home prices, for because elevated consumer hasn’t been matched by an equivalent increase in It’s rounded more difficult home builders to meet demand demand out a “perfect storm” of3,181 demand-side momentum. In2,700 turn, the supply of resale homes on the 362,000 2,870 345,528 355,000 Kamloops andway, District supply. in amarket timely as the emphasis higher-density 23.6% -9.8%lows. This -5.9% 5.9% upward2.7% in Metro Vancouver hason plunged to decade has led to continuing pressure on 2% communities lengthens the period between project 10,036 8,400 8,600 $461,791 $468,000 home prices, because elevated consumer demand hasn’t been matched by an equivalent increase in $476,000 It’s Mainline more difficult for home builders to meet demand Okanagan 25.6% -16.3% 2.4% 13.1% 1.3% 1.7% conception and completion. This lag effect has supply. in a timely way, as the emphasis on higher-density 2,459 2,050 1,975 $364,295 $351,000 $356,000 exacerbated short-term market imbalances andproject even communities lengthens the period between South Okanagan* It’s more difficult for home builders to meet demand 21.6% -16.6% -3.7% 11.3% -3.6% 1.4% caused some in the to question efficacy conception andmedia completion. This lagthe effect has of in a timely way, as the emphasis on 260higher-density 285 325 $233,363 $243,000 $248,000 Northern Lightsmarket exacerbated short-term market imbalances and even long-established theory. -16.7% 9.6% 14% -13.4% 4.1% 2.1% communities lengthens the period between project caused some in the media to question the efficacy of 2,955 2,500 2,575 $282,758 $286,000 $291,000 conception and completion. This lag effect has The inventory of newly-built multi-family homes that Kootenay long-established market theory. 18.2% -15.4% 3% 2.7% 1.1% 1.7% short-term market and even are exacerbated complete and unoccupied hasimbalances declined markedly 4,069 the efficacy 4,100 4,250 $263,703 $265,000 $269,000 caused some in the media to question of Thepast inventory newly-built multi-family that BC Northern over the threeofyears, and has trended athomes just -3.4% 0.8% 3.7% -0.4% 0.5% 1.5% long-established market theory. has are complete and unoccupied declined markedly 500 units this year. Home builders have taken 96,345 112,209 95,770 691,144 657,026 666,657 over BC theTotal past three years, and has trended at just 9.5% -14.1% -0.6% 8.6% -4.9% 1.5% The multi-family inventory of newly-built multi-family homes that notice: housing starts in Metro Board Area

Market Intelligence

The Surge in Metro Vancouver New Home Completions The Surge in Metro Vancouver New Home Completions

The Surge in Metro Vancouver New Home Completions

500 units this year. Home builders have taken

NOTE: The Lightsand Real Estate Board became of the South Okanagan Real Estate Board (SOREB) on January 1, 2011. areNorthern complete unoccupied hascent declined markedly Vancouver have surged, up 40(NLREB) per topart 22,700 notice: multi-family housing starts in Metro *Excluding Northern Lights over the past three years, and has trended at just

units in 2016, and 55 per cent above the 10-year Vancouver have surged, up 40 per cent to 22,700 500 units this year. Home builders have taken average. 19,700 multi-family starts are unitsAn inestimated 2016, and 55 per cent above the 10-year BCREA notice: Economics provides timely research, analysis and information on economic factors affecting British Columbia and its housing markets. multi-family housing starts in Metro expected this year, and a further unitsstarts are average. An estimated 19,70019,000 multi-family Vancouver have surged, up 40 per cent to 22,700 forecast in 2018. All thisand construction activity has expected thisReal year, a further 19,000 units The units British Estate is the inColumbia 2016, and 55 perAssociation cent above(BCREA) the 10-year Send questions and comments about the Housing Forecast to: created a record level of homes underREALTORS construction, ® has forecast in 2018. All this construction activity in are BC, professional for more than 20,000 average.association An estimated 19,700 multi-family starts Cameron Muir, Chief Economist, with about 35,000 multi-family units now construction, inWorking with created a record level ofimpact homes under focusing on provincial issues that real estate. expected this year, and a further 19,000 units cmuir@bcrea.bc.ca; 604.742.2780 with about 35,000 multi-family now in development. the province’s 11 2018. real estate boards, BCREAunits provides continuing forecast in All this construction activity has development. professional education, advocacy, economic research and

Brendon Ogmundson, Economist, bogmundson@bcrea.bc.ca; 604.742.2796

created a record level of time homesbetween under construction, Using data on the average housing standard forms to help REALTORS® provide value for their clients. with about 35,000 multi-family units now inhousing Using data on the average time between starts and completions from Canada Mortgage and development. starts and completions from Canada Mortgage and To demonstrate the profession’s commitment improvingwhen Quality Housing Corporation (CMHC), we cantoestimate Housing Corporation (CMHC), we can estimate of Life in BC communities, BCREA supports policies that help when the surgedata in multi-family construction will housing turn into Using on the average time between surge vitality, in multi-family construction will turn into ensurethe economic provide housing opportunities, preserve starts and completions from Canada Mortgage and ready-to-occupy homes. According CMHC, it takes the environment, protect property and build better ready-to-occupy homes.owners According CMHC, it takes Housing Corporation (CMHC), we can estimate more than 20 months for an apartment project when to communities with good schools and safeapartment neighbourhoods. more than 20 months for an project to the surge in multi-family construction will turn into proceed from start to completion in Metro proceed from start to completion in Metro ready-to-occupy homes. it takes in Vancouver. This varies fromAccording a high ofCMHC, 35.7 months Vancouver. This varies from a high of 35.7 months in

Additional economics information is available on BCREA’s website at: www.bcrea.bc.ca. To sign up for BCREA news releases by email visit: www.bcrea.bc.ca/news-and-publications/publications/ manage-subscriptions.

more than 20 months for an apartment project to

from start to completion in Metro Housingproceed Forecast is published quarterly by the British Columbia Real Estate Association. Real estate boards, real estate associations and REALTORS® may reprint this content, provided that credit is given to BCREA by including the following statement: “Copyright British Columbia Real Estate Association. Reprinted with permission.” Vancouver. This varies from a high of 35.7 months in

BCREA makes no guarantees as to the accuracy or completeness of this information. 1420 - 701 Georgia Street West, PO Box 10123, Pacific Centre, Vancouver, BC V7Y 1C6

2 |

Phone: 604.683.7702

Fax: 604.683.8601

Email: bcrea@bcrea.bc.ca

Vernon *Personal Real Estate Corporation

North Okanagan Map YOURREALESTATEPAGES.COM | 13

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OPEN HOUSE - Sunday, Nov. 26th 1:00 -3:00 pm 6531 Longacre Drive, Vernon Solid, Spacious, 1969 built, 2,622 sq, ft. 5 bedroom Rancher with a walkout basement . On a gorgeous 1/3 acre lot in desirable Okanagan Landing, with non conforming suite. $479,900 MLS®NEW 0

Miles

1: 790

This drawing has been produced by the City of Vernon’s and the Regional District of North Okanagan’s Geographic Information Systems. The data provided is derived from a variety of sources with varying levels of accuracy. The City of Vernon and the Regional District of North Okanagan make no warranty or representation, expressed or implied, with the regard to the correctness, accuracy and/or reliability of the information contained herein.

1977

Maria Besso (250) 308-1152 | mariabesso@shaw.ca | www.mariabesso.remax.ca Expanding Over Thousands of Miles The first regional master franchises are sold in the U.S., several of them in the Midwest. In Calgary, Don Fernie purchases the first Canadian franchise.

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Deveau REALTOR®

Your Key to the North Okanagan

Vernon

Judy

Fischer REALTOR®

Bonita

1-888-609-7764 250-838-0025

Lundquist*

908 George St. Enderby, BC

REALTOR®

Enderby

*Personal Real Estate Corporation

NOW IS THE TIME TO SECURE YOUR LOT FOR BUILDING

$99,000 1406 Johnston Avenue, Enderby Call Deb & Judy @ The Key Team - MLS10124663

$129,000-136,000 Preston West Subdivision Call Deb & Judy @ The Key Team

$279,000 - $289,000 Brielle View - Pre-Construction Sale Unit 7, 8, 9, 10 – ½ Strata Duplex, New Construction, Now Selling Phase 3, Seller will consider discounts for Pre-Sell contracts. Call Deb & Judy @ The Key Team

$149,900 $106,900 144 Cliffview Drive, Enderby Call Deb & Judy @ The Key Team - MLS10135448

$159,000 Lot 9 - 265 Terry Road, Enderby Call Deb & Judy @ The Key Team - MLS10139041

900B Belvedere Street, Enderby Strata Unit included Lookers is a well established 726sf Hairdressing Salon in the heart of Enderby. Busy salon with regular clientele. Upbeat décor & includes all fixtures & inventory. - Call Bonita Lundquist PREC 250-306-8184 - MLS 10141263

Explore the NEW

SilverStarProperties.ca Your Online Real Estate Source for Silver Star Mountain

Silver Star MTN Resort

202, 9808 Silver Star Road

8, 9885 Pinnacles Road

500 Monashee Road

Ski-in/Out Condo in Snowbrush Desirable “Snowbrush” building, located right next to the slopes. Freshly painted studio unit with hardwood floors & French doors to large deck. Newer appliances, hot water tank & furniture. GST paid! 2 Parking passes, 2 lockers! Wax room. Outdoor hot tub.

Updated Ski -In/Out Condo Renovated 1 bedroom + alcove condo located in Silver Star Mtn’s historic Pinnacles building! Sleeps 6-8 guests. Fabulous ski access and views of the slopes! Many upgrades. This unit has character! A-frame type ceilings and windows. Patio with hot tub.

Ski In/Out Building Lot on The Knoll Property backs onto ski-way & forested area! Suitable for a 3 storey home or rancher with walkout basement. All services available & building scheme in place. No GST.

$173,000

$259,800

$289,000

mls 10142012

mls 10123833

mls 10130835

Silver Star MTN Resort

Silver Star

205, 30 Monashee Road

2, 270 Silver Queen Road

9940 Cathedral Drive

Furnished Ski In/Out Condo in The Firelight Fully equipped 2 bedroom condo with views of Silver Star Village! Fireplace, deck, heated underground parking & gear locker. Great location close to chair lift. Walk to Village, Brewer’s Pond & Tube Town! Never been rented! NO GST!

Ski Home on The Knoll Great location with easy ski in/out access & walking distance to Silver Star Village. Home offers 3 bdrms, 2 baths. Master loft with ensuite! Large hot tub & BBQ deck with views of the ski slope. Laundry. Lockable storage. Private driveway. Single garage.

New Ski In/Out Home on The Ridge Brand new half-duplex with ski-way out the back door! Ski trails throughout the neighbourhood. Valley, City & Kalamalka Lake views! Quality workmanship, 2 bedroom, PLUS a BONUS ROOM! Partially finished lower level offers ski-way entry. Immediate Possession.

$314,900

$542,000

$770,000

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Visit us at our Mountain office, located on the boardwalk in Silver Star Village! Open for the season on Novemeber 30th!

Priscilla & Don Photo courtesy of Dave Heath & Silver Star Mtn Resort

Priscilla

OkanaganHomes.com | 250.549.7050

Okanagan Landing

Coldstream

Adventure Bay

116 Sunset Boulevard

8508 Lakeview Drive

21, 40 Kestrel Place

One Acre Building Lot in Beverly Hills Estates Aptly named 'Sunset Boulevard' offers panoramic lake & valley views. Owner enjoy private trail access to 50 acres common property (hiking & walking trails). Want to minimize your work even further? Building plans, licensed builders and financing packages are available!

Family Home with Kalamalka Lake View! 4 Bedrooms & 3 baths. Walnut cabinets, hardwood! .32 Acre with fenced & private backyard. Extra parking! Neighborhood park & tennis court across the road! Walk to Okanagan College & Greater Vernon Athletic Park!

Waterfront Community w/ Beach & Boat Launch! Welcome to Kestrel Estates! 5 Bedroom, 4 bath home includes a 1 bedroom in-law suite on the lower level! Your family will love the landscaped, entertainment-size backyard with patio and gazebo! Level parking + room for your RV.

$338,988

$588,000

$799,000

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mls 10139255

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The BX

Okanagan Landing

Coldstream

878 25 Ave

216 Melrose Court

12803 Kinloch Drive

Classic 2-Storey Family Home! 6 Bedroom, 3.5 bath home including a 2 bedroom suite! Lofty ceilings. Cherrywood floors. Bay windows. Lower level with Family & Media Rooms! Landscaped .77 acre yard. Fenced & gated. Detached double garage with loft.

Picture Your Family Here One fabulous, private acre. Panoramic Okanagan Lake view. Backing onto 50 shared acres of treed backdrop in exclusive Beverly Hills Estates. Heated salt water pool. Outdoor kitchen. 4 bedroom, 2.5 bath home with Family/Games Room.

Welcome to Kinloch House Built in 1920 - the next century is yours! .81 Private acre overlooking Kalamalka Lake. Parklike grounds. Heated pool & waterscape. Arts & Craftsman style home. 5 Sun-filled bedrooms, formal dining & living, high end theatre, games room. Next to Provincial Park.

$1,100,000

$1,598,000

$2,595,000

mls 10141358

mls 10141673

Rodney Shanks

Heather Paulsen

Alan Stier

Craig Demetrick

REALTOR®

rodney@okanaganhomes.com heather@okanaganhomes.com alan@okanaganhomes.com craig@okanaganhomes.com

mls 10139109

Barb Williamson* Priscilla Sookarow REALTOR®/Managing Broker

Owner/REALTOR®

barb@okanaganhomes.com info@okanaganhomes.com *Personal Real Estate Corporation

See us at RE/MAX Vernon 5603 27 Street Vernon, BC

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2095 Shuswap Ave Lumby, BC V0E 2G0 250.547.9266

5603 27 Street Vernon, BC V1T 8Z5 250.549.4161

108-152 Silver Lode Lane V1B 3W9 250.549.4161