Vernon Real Estate Pages

Page 1

VERNON & AREA

Armstrong Enderby Lumby

This listing is proudly presented by

Don Kassa & Priscilla Gorgeous timber frame mountain home in The Ridge at Silver Star Mountain Resort. For more information please visit the all new www.SilverStarProperties.ca

Issue 25 • Dec 24 - Jan 14, 2018


Robin Baycroft*

Greg Barteluk RE/MAX Vernon

RE/MAX Vernon

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Mike Beck

Larry Bennetto

Murray Bennetto

Maria Besso

Krista Blankley*

Mark Collett

Don Cowan

Doug Cuthbert*

Ryan Danchuk

Brandy DeBartolo

Don Defeo*

Gord Fowler

Jacquie Friesen RE/MAX Vernon

RE/MAX Armstrong

Roger Gates

Marty Gilbert*

Kyle Goulet

Don Kassa

Christie King

Heidi Klein*

John Kristian*

Woody Kuraoka

Graysen Marsh

Jayme McKillop

Glenn Beach

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Kathy Broderick* Christa Cleverley*

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Jane Field

Judy Fischer

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Dan Lochhead

Bonita Lundquist*

Heidi Lussi*

Nick Lutsenko RE/MAX Vernon

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Graeme Magee

Ken Magel

RE/MAX Enderby

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Stewart Pearson*

Damian Pighin*

Ashley Prenioslo

Teresa Prince

Dave Pusey*

Claire Radford*

Pratab Sidhu

Shawna Sidhu*

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Joe Pearson RE/MAX Vernon

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Carol Shalovelo* Rodney Shanks RE/MAX Vernon

Armstrong

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Commercial Solutions

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

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*Denotes Personal Real Estate Corporation

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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

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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.* ®

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

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4

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

www.heidilussi.com | 250-503-3487 | info@heidilussi.com 6305 Apple Lane

3011 39A Street

$1,495,000 Beautiful 8 acres in North BX, only minutes from town. Sweeping vista views from this custom built Cape Cod home. Fully irrigated. A variety of fruit trees with 600 walnut trees ready to bear fruit. Excellent 32 x 65 ft. commercial workshop ideal for home based business, hobby farm or operate nut farm with potential to generate revenue.

MLS®10146293

4300 East Vernon Road

$1,495,000 8.48 acres close to schools, shopping, and ski hill. Completely secluded, open and treed areas, round pen, barn, tremendous views! Unique, renovated solar passive home. Architectural design is a must see! MLS®10135164

$379,900 Cozy older home fully renovated recently. Central location within walking distance to downtown. Featuring 4 bedrooms, 2 baths, maple kitchen cabinets, hardwood flooring, and large backyard. Not a drive by, must get inside to appreciate!

New

MLS®10134165

5810 Hartnell Road

Vernon

$1,680,000 Location, Location, minutes to all of Vernon’s amenities. Level Productive Land 9.88 acres irrigated. Barn/shop/equipment storage, and riding arena. Approx. 4000 sq. ft. of quality living space. Privacy, mountain view, a perfect hobby farm. MLS®10140230

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

Don Cowan

Vernon

250-540-1323 Rex Rainsforth, MEd, AHI rex_insp@telus.net

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

Contact me for your free no obligation Market Evaluation.

Residential - Commercial FREE Thermal Imaging With Every Paid Inspection OkanaganHomeInspections.ca


YOURREALESTATEPAGES.COM | 5

Happy Holidays & Best Wishes for 2018 From your friends at RE/MAX Vernon

TheRightAgents.com

@RightAgents

TheRightAgents

Vernon


6

John Kristian

Brandy De Bartolo

Personal Real Estate Corporation

Personal Real Estate Corporation

250.549.4161 John@johnkristian.ca JohnKristian.ca

250.558.8839 brandy@okanagansavvy.com OkanaganSavvy.com

For more information please visit JohnKristian.ca or OkanaganSavvy.com

W NE

Vernon

W NE

4463 Cascade Drive, Vernon

7160 Apex Drive, Vernon Custom built Foothills home by Brentwell Construction will have both levels fully finished w/ 4 bdrms (2+2), 3 full baths.

Desirable East Hill Home, featuring Open Concept Living with a recently renovated Professional Kitchen.

MLS®10146210 $699,000

MLS®10146288 $509,000

3355 Becker Street, Armstrong Perfect starter, investment or small family home in the heart of Armstrong. 2 bdrms & full bthrm. Fully fenced backyard.

MLS®10146033 $329,000

LD SO

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

258 Dormie Place, Vernon

The Agent you need. TheRightAgents.com

@RightAgents

TheRightAgents

New Listing

The sign you want

· Meticulously maintained home in popular Dormie Hills. · 3 bedroom, 3 bathroom · Stunning mountain views. · Enjoy Predator Ridge resort style living with all the amenities. MLS 10146181

$874,900

401 or 409 Longspoon Place, Vernon

· Build your dream home in Predator Ridge Resort, live in a community within a community in this world class golf resort. · Enjoy all the amenaties that Predator has to offer.

$239,900 - $254,900

MLS 10140154 - 10137005 826 Brassey Place, Vernon · Beautiful Corner View Lot · Last lot available in this great area of Predator Ridge. · 25 minutes to the Kelowna Airport MLS 10135853

$299,000

Teresa Prince C: 250-938-1753 O: 250-549-4161 www.TeresaPrince.ca


YOURREALESTATEPAGES.COM | 7

Carol Shalovelo Personal Real Estate Corporation

250-503-8332

www.OkanaganProperties.com

Vernon

Experience & heart goes into every transaction!

Happy Holidays! 1509 40 Avenue, Vernon Beautiful 5 bdrm, 2 1/2 bath home in desirable Sterling Estates. 3 bdrm up and 2 bdrm in-law suite down with separate entrance opening to patio and nicely landscaped backyard with 2 gardens, raspberries, shrubs, kids playhouse, and wiring for a hot-tub. Lovely gas fireplace in living room, 3 nice sized bedrooms with a small deck and half bath off the master. Large play/bonus room and super large workshop. $515,000 mls 10145469

1903 43 Street, Vernon INVESTMENT PROPERTY - 4 Bdrm, 2 bath home, 2500 SF ft. home, plus 3 legal suites, each 780 Sf/ 1 bedroom with patio, double garage, 24'x24', workshop, fenced, RV parking, 0.43 ac, main house is 2 stories 4 bdrms, frontage on 2 streets with a large fenced back yard, The side yard has room to park an RV. This is perfect for the young retiree who wants extra income and a beautiful home. Long term tenants would like to stay. $795,000 mls 10141544

e-Editions available online YourRealEstatePages.com

@REPVernon

Vernon Real Estate Pages


8

J&J Real Estate Associates

Jen Sellar 250.309.3439

Jayme McKillop 250.307.8137

jen@jjsellrealestate.com

jayme@jjsellrealestate.com

The Oaks · PHASE 4 NOW SELLING in this Luxury Town

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

N

NOW SELLING Phase 4

Phase 2 & 3

Phase 1

Vernon

Kalamalka

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

Contact us for a downloadable PDF package!

NOW SELLING

Call/Text us today!

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

Okanagan

MLS® 10146173 · 10146172 · 10143137 · 10143090

e-Editions available online YourRealEstatePages.com

@REPVernon

Vernon Real Estate Pages


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 Quick Possession! Ground floor studio unit in 'Foxglove', part of the Creekside complex. Direct ski slope access. Murphy bed with 2 single bunks that slide up against the wall to afford more living space. Never rented, GST paid. MLS#10146351

NEW

#108 - 9810 Silver Star Road

$173,000

A south facing low side lot in Alpine Meadows, immediately adjacent to the Alpine Meadows chair lift, with excellent ski to and from access. Easy to build on, level driveway possible, great views. MLS#10109333

340 Monkshood Lane

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. The Silver Star Shuttle Bus now goes to the Ridge. MLS#10145069

9877 Cathedral Drive

$209,000

$469,800

Lot 1 Mclennan Road

$748,000

$449,900 A rare 50 seat restaurant opportunity in the Heart of Silver Star Village on Main Street. This facility was completely rebuilt in 2014 including decor, furnishings and equipment. Adaptable to a number of venues and could be easily reconfigured to a retail premises. The premises, all equipment and furnishings are included. Liquor licence extends to the Village Center deck area. Business is not currently running but is fully operational. 99 year lease on premises. MLS#10137706

148 Silver Lode Lane

IMMEDIATE POSSESSION! Brand new beautiful semi detached home is part of the unique luxury Tuscan Terraces waterfront community. An incredible waterfront value, built for longevity. 1800 sq. ft with 3 bdrms, 2.5 baths, multiple covered decks w/ great lake view. Garage & parking at the door for an extra vehicle. Located on the upper section of the courtyard offering much privacy and still only few steps away from the community pool and the extensive waterfront green space. Has a private boat slip for easy access to Okanagan Lake. MLS#10124968

#11 - 7373 Brooks Lane

$189,000 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. Gas available on McLennan Rd. MLS#10139734

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

#402 - 30 Monashee Road

Vernon

$525,000 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 & wood flooring for appeal. Numerous windows in this south facing area. Each of the bdrms 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. The Silver Star Shuttle Bus now goes to the Ridge. MLS#10137793

9864 Cathedral Drive

$764,000

Please visit our newly redesigned website www.silverstarproperites.ca


10

e-Editions available online YourRealEstatePages.com

Business & Farm

Home & Travel

Auto & RV

@REPVernon

Vernon Real Estate Pages

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

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.


YOURREALESTATEPAGES.COM | 11

From your 5 Star Team

Tammy Stein & Cliff Wenger

www.your5starteam.com

#106 - 30 Monashee Road, Vernon

Offered at $634,900

Beautiful Condo at ground level w/ its own outside entrance for easy come and go freedom. Great for families, 3bdrm 2Bth, Private Hot Tub. This spectacular corner unit is fully furnished, gas f/p, granite counter tops, privacy cover over windows and has its own BBQ. Enjoy Mountain living/vacationing or reap the benefits as a revenue property. Close to Village center, Tube Town, skating pond and bowling. Owners will consider all reasonable offers. MLS 10134793

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

BENNETTO & ASSOCIATES

The sign you want The Agent you need.

www.bennetto.ca

Murray Bennetto REALTOR® 250.306.6476

TheRightAgents.com

@RightAgents

TheRightAgents

Happy Holidays Vernon

Larry Bennetto REALTOR® 250.308.6025

5925 Star Road, Vernon Delightful upgraded 1904 Heritage Home with original elegance and charm preserved. 4-5 bedrooms complete with family room. B&B potential. DBL garage, workshop, massive trees and spacious private lawns. Ask for details on the 1600 sqft. separate Rancher Home included as a second residence. Great for extended family or rental option for mortgage helper!

MLS® 10140924 - $1,200,000 770 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


BCREA HOUSING FORECAST UPDATE BCREA HOUSING FORECAST UPDATE

February 20172017 February

12

HoH u so iunsgi nFgo rFeocr ae sc ta sStu m r ya r—y F—i r Fs itr sQtu Q a rutaerrt e r S ummam

For immediate release BoardBoard Area Area mediate release For immediate release

Unit Sales Unit Sales

® ($) Average MLS®MLS Price Average Price ($) 2016 2016 2017F2017F 2018F2018F 2016 2016 2017F2017F 2018F2018F 10,028 9,250 8,500 585,745 599,000 608,000 10,028 9,250 8,500 585,745 599,000 608,000 Victoria Victoria 27.5%27.5% -7.8%-7.8% -8.1%-8.1% 12.3%12.3% 2.3% 2.3% 1.5% 1.5% For immediate release 10,532 9,4009,400 8,7508,750 $383,192 10,532 $383,192 $396,000 $396,000 $402,000 $402,000 Vancouver Island Vancouver Island 26.6% -10.7% -6.9%-6.9% 3.3% 3.3% (BCREA) 1.5% 1.5% Vancouver, BC – December 12, 2017. British Real12.8% Estate 26.6% The -10.7%Columbia 12.8%Association 417 417 unit 390sales 345 $284,471 $288,000 $291,000 390 were 345Real $288,000 $291,000 reports that a Sunshine total of Coast 7,731 residential recorded by$284,471 the Association Multiple Listing Service® ouver, BC – December 12, 2017. The British12, Columbia Real Estate Association (BCREA) Powell River Sunshine Coast Vancouver, BC – December 2017. The British Columbia Estate (BCREA) Powell River 9.4% 9.4% -6.5%-6.5% -11.5% 15.3%15.3% 1.2% 1.2% 1% 1% -11.5% November, an increase ofrecorded 20.4unit persales cent from the same period last year. Total sales ts that a total (MLS®) of 7,731in residential unit sales were by the Multiple Service® reports that a total of 7,731 residential were recorded by the Multiple Listing Service® 40,880 34,000 35,750 1,017,228 942,000 963,000 40,880 34,000 35,750Listing 1,017,228 942,000 963,000 Greater Vancouver Greater Vancouver dollar volume was $5.59 billion, upof 39.1 per cent from November 2016. The average MLS® -16.8% 5.1% 12.7% 2.2% Vancouver, BCof – 20.4 November 14,-5.2% 2017. The British Columbia Real Estate Association (BCREA) ®) in November, an increase per cent from the same period last year. Total sales (MLS®) in November, an increase 20.4 per cent from the same period last-7.4% year. Total sales -5.2% -16.8% 5.1% 12.7% -7.4% 2.2% 23,086 19,700 18,900 $676,946 $657,000 $668,000 23,086 19,700 18,900 $676,946 $657,000 $668,000 residential price in the province was $723,112, up 15.5 per cent from November 2016. reports that a total of 8,677 residential unit sales were recorded by the Multiple Listing Service® volume was $5.59 billion, upwas 39.1 per cent from 2016. The average MLS® FraserFraser Valley dollar volume $5.59 billion, up November 39.1 per cent from November 2016. The-2.9% average MLS® Valley 15.1%15.1% -14.7% -4.1%-4.1% 17.2%17.2% 1.7% 1.7% -14.7% -2.9% (MLS®) in October, an of 19.3 per cent from the same period last year. Total sales ential price in the province was in $723,112, up4,306 15.5 per cent from November 2016. residential price theincrease province was $723,112, up 15.5 per cent from November 2016. 3,400 3,100 $397,911 $416,000 $428,000 4,306 3,400 3,100 $397,911 $416,000 $428,000 Chilliwack and was District Chilliwack and District dollar volume was $6.25 up37.2% 41.6 per cent October The average MLS® 2.9% 2.9% “November the thirdbillion, consecutive 37.2% -21% 18.4%18.4% 4.5% 4.5% -21%from-8.8% -8.8% 2016. 3,181 2,8702,870 345,528 355,000 price in the province was $720,129, up 18.72,700 per2,700 cent from October 2016. month that BC home sales were above 3,181 345,528 355,000 362,000 362,000 ember was theresidential thirdKamloops consecutive “November was the third consecutive Kamloops and District and District 23.6%23.6% -9.8%-9.8% -5.9%-5.9% 5.9% 5.9% 2.7% 2.7% 2% 2% 9,000 units, on a seasonally adjusted h that BC home sales that wereBC above month home sales were above 10,036 8,4008,400 8,6008,600 $461,791 10,036 $461,791 $468,000 $468,000 $476,000 $476,000 Okanagan Mainline “BC home sales higher in Okanagan Mainline basis,” said Cameron Muir, BCREA Chief -16.3%-16.3% 2.4% 2.4% 13.1%13.1% 1.3% 1.3% units, on a seasonally adjusted 9,000 units, on atrended seasonally adjusted 25.6%25.6% 1.7% 1.7% October, up“Elevated 23 Chief per cent fromBCREA January on a2,0502,050 1,9751,975 $364,295 Economist. consumer demand 2,459 ” said Cameron Muir, BCREA basis,” said Cameron Muir, Chief 2,459 $364,295 $351,000 $351,000 $356,000 $356,000 SouthSouth Okanagan* Okanagan* 21.6% -16.6% -3.7% 11.3% -3.6% 1.4% seasonally adjusted basis,” said Cameron 21.6% -16.6% -3.7% 11.3% -3.6% 1.4% is being supported by consumer strong omist. “Elevated consumer demand Economist. “Elevated demand 285 260 325 $233,363 $243,000 $248,000 260 285 325 $233,363 $243,000 $248,000 Muir, BCREA Chief Economist. “A lack Northern Lights employment growth, andof 9.6% ng supported by strong Northern Lights is being supported by rising strongwages -16.7% 14% 14% -13.4% 4.1% 4.1% 2.1% 2.1% -16.7% 9.6% -13.4% supply in the resale market continues favourable demographics.” oyment growth, rising wages and rising wages employment growth, andto 2,5002,500 2,5752,575 $282,758 2,9552,955 $282,758 $286,000 $286,000 $291,000 $291,000 Kootenay Kootenaypressure on home prices in put upward 3% 3% 2.7% 2.7% 1.1% 1.1% 1.7% 1.7% rable demographics.” favourable demographics.” 18.2%18.2% -15.4%-15.4% most BC regions.”increased 3.8 4,069 $263,703 $265,000 $265,000 $269,000 $269,000 BC per 4,069 cent 4,1004,100 4,2504,250 $263,703 BC employment Northern BC Northern -3.4%-3.4% 0.8% 0.8% 3.7% 3.7% -0.4%-0.4% 0.5% 0.5% 1.5% 1.5% over the3.8 last months, totaling over mployment increased per12cent BC employment increased 3.8112,209 per112,209 cent 96,34596,345 95,77095,770 691,144 691,144 657,026 657,026 666,657 666,657 BClistings Total Total active were down 5.1 per BC Total 90,000 jobs. the same period, average hourly in the 8.6% province 5.7 per 9.5%over -14.1% -0.6%-0.6% -4.9%-4.9% 1.5%cent he last 12 months, totaling over over the last Over 12 months, totaling 9.5% -14.1% wages 8.6% climbed 1.5%

Strong Economy Supporting Elevated Housing Demand Strong Economy Strong Supporting Elevated HousingElevated DemandHousing Demand Economy Supporting BC Home Sales Rise Despite Low Level of Supply

cent toNorthern 27,987 units in October compared NOTE: The Lights Real Estate Board (NLREB) became partin ofpart the South Okanagan Real Estate Board (SOREB) on January 1, 2011.householdNOTE: The Northern Lights Realsame Estate Board (NLREB) of the South Real Board (SOREB) ontheir January 1, 2011.5.7 per cent to $26.82. Against this backdrop, a became large cohort ofOkanagan millennials is5.7 entering 0 jobs. Over the same period, average hourly wages the province climbed per cent 90,000 jobs. Over the period, average hourly wages inEstate the province climbed *Excluding Northern Lights *Excluding Northern Lights last year, and have to the same month forming lifeAgainst stage. In buyers likely completing purchases now in advance of 6.82. Against this backdrop, a large cohort of some millennials is are entering their householdto $26.82. thisaddition, backdrop, a large cohort of millennials is entering their household49some per cent over thelikely last five tighter conventional mortgage qualifications, scheduled for the new year. ng life stage. Indeclined addition, buyers are completing purchases now in advance of forming life stage. In addition, some buyers areonlikely completing purchases now in advance of BCREABCREA Economics provides timely research, analysis and information economic factorsfactors affecting BritishBritish and its housing markets. Economics provides timely research, analysis and information on economic affecting and its housing markets. years. The ratio of home sales to active listings was up from 24.7 per centColumbia in Columbia October 2016 to 31 r conventionaltighter mortgage qualifications, scheduled for the new year. for the new year. conventional mortgage qualifications, scheduled per cent last month. TheAssociation BC housing market is considered to be in relative balance when the The British Columbia Estate (BCREA) is volume the is the was down 6.8 per cent to $69.4 billion, when Year to BC Real residential sales dollar Thedate, British Columbia Real Estate Association (BCREA) Send questions and comments aboutabout the Housing Forecast to: to: Send questions and comments the Housing Forecast ratio of home sales to active listings is REALTORS between andunit 20 per cent. in BC,in 12 professional association for more than 20,000 REALTORS BC, professional association for more than 20,000 compared with the same period in 2016. Residential sales declined 8.8 per cent to 98,024 o date, BC residential sales BC dollar volume sales was down 6.8 per cent $69.4 billion, when Year to date, residential dollar volume wasto down 6.8 per cent $69.4 billion, when Cameron Muir, Chief Economist, Cameron Muir, Chiefto Economist, focusing on provincial issuesissues that impact real estate. Working with with focusing on provincial that impact real estate. Working cmuir@bcrea.bc.ca; 604.742.2780 while the average MLS® residential price increased 2.2 per cent to $708,150. cmuir@bcrea.bc.ca; 604.742.2780 ared with the units, same period in 2016. Residential unit sales declined 8.8 per cent to 98,024 compared with the period in 2016. Residential unit 9.4 sales 8.8 perbillion, cent to 98,024 the province’s 11BC real11 estate boards, BCREA provides continuing thedate, province’s realsame estate boards, BCREA provides continuing Year to residential sales dollar volume was down perdeclined centEconomist, to $63.8 when Brendon Ogmundson, Brendon Ogmundson, Economist, while the average MLS® residential price increased 2.2 per cent to $708,150. units, while the average MLS® residential price increased 2.2 per cent to $708,150. professional education, economic research and and professional education, advocacy, economic research compared with theadvocacy, same period in 2016. Residential unit sales declined 10.7 per cent to 90,290 bogmundson@bcrea.bc.ca; 604.742.2796 bogmundson@bcrea.bc.ca; 604.742.2796 provide value value for their standard formsforms to help -30provide for clients. their clients. standard toREALTORS help REALTORS units, while the average MLS® residential price increased 1.4 per cent to $706,881. For more information, please contact: Additional economics information is available on on -30Additional economics information is available -30To demonstrate the profession’s commitment to improving Quality To demonstrate the profession’s commitment to improving Quality BCREA’s website at: www.bcrea.bc.ca. BCREA’s website at: www.bcrea.bc.ca. Cameron Muir ore information, please contact: For more information, please contact: of LifeofinLife BC in communities, BCREABCREA supports policies that help BC communities, supports policies that help -30ensure economic vitality, provide housing opportunities, preserve Chief Economist ensure economic vitality, provide housing opportunities, preserve ron Muir Cameron Muir To sign forup BCREA news releases by email visit: visit: Toup sign for BCREA news releases by email For more information, please contact: the environment, protect property owners and build betterbetter www.bcrea.bc.ca/news-and-publications/publications/ the environment, protect property owners and build www.bcrea.bc.ca/news-and-publications/publications/ Direct: 604.742.2780 Economist Cameron Chief Economist Muir manage-subscriptions. communities with good and safe manage-subscriptions. communities with schools good schools andneighbourhoods. safe neighbourhoods. Mobile: 778.229.1884 t: 604.742.2780 Direct: 604.742.2780 Chief Economist Email: e: 778.229.1884 Mobile:cmuir@bcrea.bc.ca 778.229.1884 Direct: 604.742.2780 : cmuir@bcrea.bc.ca Email: cmuir@bcrea.bc.ca Mobile: 778.229.1884 Housing Forecast is published quarterly by the British Columbia Real Estate Real estate real estate and REALTORS may reprint this content, Housing Forecast is published quarterly by the British Columbia Real Association. Estate Association. Real boards, estate boards, real associations estate associations and REALTORS may reprint this content, provided that credit is given BCREA by including the following statement: “Copyright British British Columbia Real Estate Association. Reprinted with permission.” provided that credit is to given to BCREA by including the following statement: “Copyright Columbia Real Estate Association. Reprinted with permission.” Email: cmuir@bcrea.bc.ca ®

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BCREA BCREA makes makes no guarantees as to the or completeness of this information. no guarantees asaccuracy to the accuracy or completeness of this information.

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1420 - 1420 701 Georgia Street Street West, PO BoxPO 10123, PacificPacific Centre,Centre, Vancouver, BC V7YBC 1C6 604.683.7702 | Fax:| 604.683.8601 | Email: bcrea@bcrea.bc.ca - 701 Georgia West, Box 10123, Vancouver, V7Y |1C6Phone: | Phone: 604.683.7702 Fax: 604.683.8601 | Email: bcrea@bcrea.bc.ca

1420 – 701 Georgia Street W, PO Box 10123, Pacific Centre, Vancouver, BC V7Y 1C6 701 Georgia1420 Street W, PO Box 10123, Pacific Vancouver, BC V7Y 1C6 President Jim Stewart | President-Elect Palanio | bcrea@bcrea.bc.ca | BC 604.683.7702 (tel) – 701 Georgia Street W, POCentre, BoxJames 10123, Pacific Centre, Vancouver, V7Y 1C6 | Interim CEO Damian Stathonikos | www.bcrea.bc.ca | 604.683.8601 (fax) Past President Deanna Horn t Jim Stewart | –President-Elect Palanio | bcrea@bcrea.bc.ca | 604.683.7702 (tel) President Jim Stewart Stewart President-Elect James Palanio Palanio bcrea@bcrea.bc.ca 604.683.7702 (tel) 1420 701 GeorgiaJames Street W, PO Box 10123, Pacific Centre, Vancouver, BC V7Y 1C6(tel) President Jim || President-Elect James || bcrea@bcrea.bc.ca || 604.683.7702

CEO Damian | InterimDeanna www.bcrea.bc.ca Interim CEO CEO| Damian Damian Stathonikos sident Deanna Horn Past President President Deanna Horn Stathonikos Stathonikos || Interim Past Horn President Jim Stewart | President-Elect James Palanio | Interim CEO Damian Stathonikos Past President Deanna Horn

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604.683.8601 (fax) www.bcrea.bc.ca || www.bcrea.bc.ca | bcrea@bcrea.bc.ca | | www.bcrea.bc.ca |

Vernon

604.683.8601 *Personal (fax)Real Estate Corporation || 604.683.8601 (fax) 604.683.7702 (tel) 604.683.8601 (fax)


YOURREALESTATEPAGES.COM | 13

Thank you

to all my clients for a very successful year! I wish you all love, joy & happiness in 2018 Maria Besso (250) 308-1152 | mariabesso@shaw.ca | www.mariabesso.remax.ca

Vernon

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