Vernon Real Estate Pages by Silver Star Media

VERNON & AREA

Armstrong Enderby Lumby

This listing is proudly presented by

Darline Scott Attention ranchers! Beautifully appointed 3 level home, tucked away on 78.76 fenced & sub-irrigated acres. New 30 x 62 shop/barn. 250-558-8112 Call Darline today to set up your private viewing.

Issue 27 â&#x20AC;˘ Jan 28 - Feb 10, 2018

Robin Baycroft*

Greg Barteluk RE/MAX Vernon

RE/MAX Vernon

RE/MAX Armstrong

Mike Beck

Larry Bennetto

Murray Bennetto

Maria Besso

Krista Blankley*

Mark Collett

Don Cowan

Doug Cuthbert*

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Don Defeo*

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RE/MAX Vernon

Kathy Broderick* Christa Cleverley*

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Jane Field

Judy Fischer

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Dan Lochhead

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Graeme Magee

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Armstrong

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

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RE/MAX Vernon

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.

Each office independently owned and operated.

J&J Real Estate Associates

Jen Sellar 250.309.3439

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The Oaks · PHASE 4 NOW SELLING in this Luxury Town

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

NOW SELLING Phase 4

Phase 2 & 3

Phase 1

Vernon

Kalamalka

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

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

YOURREALESTATEPAGES.COM | 5

250.309.0039 chris@chrisholm.ca

Shelby Bouchard

Brenda Ellis

REALTOR®

Diane Callbeck Client Care

Yania Greenaway Admin Assistant

Natalia Vignola Graphics & Design

250.549.0023

250.309.9969

250.308.4310

(unlicensed)

Brent Stevenson

$1,379,900

4611 Bellevue Drive

$469,000

2412 Hayden Drive

$539,900

N O M

1:30pm - 3pm

ST R

11am - 12:30pm

ST R

RN O N

4384 Walbridge Road

OPEN HOUSES SUNDAY JAN. 28 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 remarkable quality and attention to detail everywhere you look. Fully cross-fenced with stables and outbuildings, this is country living at its finest, minutes from both Armstrong and Vernon. MLS#10141446

Beautiful 2,010sq.ft. 3 bed, 2 full + 2 half bath, 3 level townhome perched on a hill overlooking Okanagan L ake, mountains, and valley. Conveniently located on a quiet dead end street close to all amenities, with school bus pickup right outside the door. Higher end finishing includes hardwood floors, central air, and black granite countertops. All this with a breathtaking view and no strata fees makes this home a must see. MLS#10147996

Come home to comfort and convenience with this 1,828 sq. ft. 3 bed + den, 2 bath Rancher on a quiet cul-de-sac near the heart of Armstrong. Spacious kitchen with stainless steel appliances, pantry, and island with bar seating. Master bedroom offers walk-through double closets and 5 piece ensuite with soaker tub. Fully fenced back yard, attached double garage, hardwood floors, central vac, and central air all add convenience to this lovely home. MLS#10148306

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

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

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

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.

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

John Kristian

Brandy De Bartolo

Personal Real Estate Corporation

250.550.0234 John@johnkristian.ca JohnKristian.ca

250.558.8839 brandy@okanagansavvy.com OkanaganSavvy.com

Vernon

Brentwell Construction

Landing Construction

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.

MLS®10146210 $699,000

Now's the time to get that "NEW" Home! Call us today about getting you moved from Old to New

928 34 Avenue, Vernon Show Home in the prestigious Royal Oak Subdivision. You will be amazed by the great care & attention to detail!

MLS®10127964 $865,000

BENNETTO & ASSOCIATES www.bennetto.ca

Murray Bennetto REALTOR®

Vernon

Larry Bennetto

250.306.6476 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

Your Ad Here 250.545.8858

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YOURREALESTATEPAGES.COM | 7

2 Development Properties R5 Zoning. This will allow up to a maximum of 66 Units. mls# 10136066

RH3 Condo / Apartment Style Up to 6 stories in height. mls# 10136072

Lot 3

Lot 2

www.your5starteam.com

Offered at $2,500,000

Offered at $1,200,000

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

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

Don Cowan

Vernon

This spot reserved for YOUR home!

Call today for a FREE Market Evaluation and let's get your home SOLD

Business & Farm

Home & Travel

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

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

Shane McMorran

Lumby

Personal Real Estate Corporation

Each office is independently owned and operated

0,0

Cell: 250.938.4000 shane@teammcmorran.ca teammcmorran.ca

5 1,3

NEW LISTING: 1976 Highway 6, Lumby Beautifully appointed 3 level home, tucked away on 78.76 fenced & subirrigated acres. Property is fenced & cross fenced, will support 60 cow/calf pairs, has a solar powered watering bowl for the stock and a new 30 x 62 shop/barn. The luxury home offers 3 bdrms, 2 ½ baths, formal dining & living room and finished loft in the attic for extra bedroom, playroom or den. Hardwood & ceramic floors, wood cook stove in kitchen, a full basement with a wood/electric furnace, and rec room. Sit on the covered deck and watch the beautiful sunsets or enjoy them from the hot tub. MLS®10148287

Vernon

6449 Carlton Rd

mls#10148249

,90

2246 Shuswap Avenue, Lumby Bright 3 bdrm, 1 bath home with room for all your toys in the fenced back yard. Many upgrades, front and back decks and a patio with a pergola. Superb location within a block of both the Elementary & High schools, the park, swimming pool, and ice rink. Single car garage attached to the home, wheel chair ramp at front, new roof in 2016. Attention Developers the property is zoned R2 with the possibility of subdividing the lot and building a second home. MLS®10141649

$525,000

5 bedrooms, 3 full bathrooms, vaulted ceilings, in-floor heat in main bath and ensuite. Front deck with valley view, covered rear deck. Large lot on a cul-de-sac in a quiet rural neighborhood.

2095 Shuswap Avenue www.lumbyrealestate.net

1 888 547 9266 Toll free 1 250 547 9234 Fax

Darline Scott 250-558-8112

#1312-7343 Okanagan Landing Rd.

mls#10143823

$369,000

Just unpack your clothes and move in! Everything is included in this very appealing west-facing TOP FLOOR 2 bed, 2 bath unit. Fully furnished. Enjoy the hot tub, pool and beach! GST paid. Boat slip available.

INC

8630 Okanagan Landing Rd.

mls#10135622

$899,000

Stunning, estate sized 9.3 acres above Okanagan Lake with spectacular panoramic views from a variety of building sites. Close to lake access, boat launch, and Yacht Club.

I have a buyer looking for

Family home in Bella Vista or OK Landing

Call m

SilverStarMedia.ca 250.545.8858

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 Large family home with plenty of room for kids and guests; including a large driveway and separate entrance to a full in-law suite. It has: 5 bdrms + den, 4 baths, a formal dining room, living room, family room, rec/games room, 2 laundry rooms, and a large storage area. Located in a great neighbourhood & friendly community, which is quiet, private and secure. New deck which is wired for a hot tub and has a natural gas hook up, front porch, a lightly renovated kitchen, and new roof. MLS#10148119

NEW

9286 Kokanee Road

$749,000

At Silver Star, a slope side top floor 2 bedroom, 2 bath unit in Snowbird Lodge. Exceptional unobstructed Mountain views. No longer a lockoff - now a true 2 bedroom. Private hot tub. Upgrades include new H/W tank, new hot tub, newer cork floors in main area, newer furnishings, updated electronics in living room, newer dishwasher. 2 underground parking spaces, 2 ski lockers. Fully furnished, including 2 fridges and garburator, Kitchen stocked to Snowbird Lodge's standard package. GST paid. MLS#10109333

NEW

#502 - 170 Silver Lode Lane

80.7 feet of waterfront in an area of Okanagan Lake with 2 to 3 million dollar homes. Build your dream home on this gently sloping lot. Riparian assessments have been completed and the building envelope is established. No building scheme, no charges on title. Water, sewer, gas and hydro installed to property line. 15 minutes to Vernon. MLS#10129814

8510 Tronson Road

$798,000

$539,000

9269 Highway 6

$770,000

$987,500 A beautifully furnished suite with 2 master bdrms w/ king beds & ensuite bathrooms at Predator Ridge Golf Resort. Large south-facing private deck & fabulous golf course views. Windows on 3 sides. The location is perfect: close to the clubhouse, golf, Fitness Centre with indoor pool, outdoor pool, tennis courts. The Lodge has its own pool for guests, a great room, BBQ area, The Commonage Market, and Pallino's Restaurant. 15 minutes south of Vernon and 25 minutes from Kelowna airport. MLS#10146246

#236 - 101 Village Centre Court

A modern ski area home unique to Silver Star in the Ridge. Built by Richbuilt Homes, known for their quality workmanship and executive style finishing touches. Terrific views of both Okanagan & Kalamalka Lakes, Vernon City and on to Predator Ridge, and the Monashee Mountains from main living spaces and bedrooms. 2 bedrooms + bonus room on the middle level, finished basement with family room or third bedroom and a finished ski entry adjacent. The Ridge is known for its easy ski in and out access, with ski trails throughout the subdivision. MLS#10148251

9940 Cathedral Drive

$684,000 16.15 acres in Coldstream, w/ lake and valley views. South facing property is gently rolling. This is a fantastic location for a country estate - close to schools, shopping, and almost unlimited recreational opportunities. Property has an agricultural water allocation for 5.26 hectares for irrigation. This equates to approximately 28,930 cubic metres per year. Due to its location, the property is not greatly impacted by Highway 6. Access trails through property have been mowed. MLS#10137144

Canadian Lakeview Estates overlooking Okanagan Lake. 1.4 acre parcel zoned R5 to build townhomes. Wonderful lakeviews with just enough slope on the site to get views for all the units to be built. Services nearby, access to the Beach Club and boat launch. Water and sewer available at a cost of $6,000 per unit for water, $7,000 per unit for sewer. There is a pre plan prepared showing possible townhome placement. Preliminary investigations indicate 12 units, made up of six duplex's, can be built there. Subject to your own investigations. MLS#10129617

69 Kestrel Place

Vernon

$219,800

The Beach House, a fun 5 bedroom family home on an 86' by 165' lot on exclusive Beachcomber Bay Road. The home is nicely upgraded, has a large partially covered main floor deck and a large covered patio area on the lakefront. There is a generous sized family room with a four panel window system to the lakeview. The home is positioned well back from the lake to provide a large lakefront lawn area. Triple carport for your toys, good parking and a separate shop/storage area. MLS#10139702

8066 Beachcomber Bay Road

$1,748,000

Please visit our newly redesigned website www.silverstarproperites.ca

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

Vernon

WE ARE IN A SELLER’S MARKET; ARE YOU GETTING: Most amount of money in your pocket?

Best marketing strategy?

Realtor with Master degree in negotiation?

Significant money spent upfront to market your home?

A TEAM who are full time professionals and their focus is to reach your goal?

UR TEAMhas proudly served this community for the past 27 years O and had a combined 56 years of experience to ensure your success in an ever changing market with a Moto “Drive-Determination-Results” Call us TODAY and compare.

The Heidi Lussi Real Estate Team 250 503 3487.

5156 Highway 97

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.

$223,000 MLS®:10145722

108 Silversage Terrace

12402 Coldstream Creek Road

Prestigious gated “Watermark” subdivision at The Rise. Large Estate Lots with unbelievable Lake/ Mountain views. Fully serviced and waiting for your new home. Room for a pool too; 91.86’ frontage (1/3 acre). $360,000 MLS® 10143124

A rare opportunity awaits the most particular buyer with this stunning custom built home situated on 1 acre only one block from Kal Lake. Towering trees help to create the timeless style of this home. Copious amounts of space for families or a wonderful location for a Bed and Breakfast.

$1,425,000 MLS®10123580

For ALL listings visit www.heidilussi.com

YOURREALESTATEPAGES.COM | 11

940 Musgrave Rd, Gardom Lake, Enderby Quiet & Peaceful, 2.61 Acres with 1,840 Sq ft. one level home 3 bed, 3 bath. Across the street from Lake and Public hand launch park area. $389,900 MLS®10140704

Maria Besso (250) 308-1152 | mariabesso@shaw.ca | www.mariabesso.remax.ca

Vernon

We Help Your Business

INC

SilverStarMedia.ca 250.545.8858

Deb

Deveau REALTOR®

Your Key to the North Okanagan

Judy

Fischer REALTOR®

cres 24 A

$559,000

$279,000 - $289,000 Brielle View - 173 Salmon Arm Drive

Lots 8, 9, 10 – Still available. Call Deb & Judy @ The Key Team

Lundquist*

$459,000 410 Hidden Lake Road, Enderby Call Deb & Judy @ The Key Team - MLS10140448

s Acre 2.565

s Acre 3.01

$339,000

Enderby

*Personal Real Estate Corporation

efro Lak

115 Twin Lakes Road, Enderby Call Deb & Judy @ The Key Team - MLS10143516

57 Parsons Road, Enderby Call Deb & Judy @ The Key Team - MLS10145876

REALTOR®

908 George St. Enderby, BC

mic ora Pan iews V

3 se g PhaSellin w o N

Bonita

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

$970,000 $159,000

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

LS-39 8192 Hwy 97A, Mara Lakefront home at Crystal Sands gated community on Mara Lake, 4 Bed, 2 Bath built in 2006. Double length garage ample room for Boat & Snow machines, etc. Enjoy the Club house & Grounds set on a huge green space to play. Call Bonita Lundquist PREC 250-306-8184 - MLS 10147824

Hutch "N" Son

250-558-8728 sidhutch@gmail.com NE

250-309-1633 hutchison.connor@gmail.com

Vernon

3807 Okanagan Ave, Vernon

3912 28 Street, Vernon

3809 Okanagan Ave, Vernon

Great value for a full side by side duplex! Located close to town & schools. Featuring 3 bdrms up & 2 bdrms down with rec rooms and storage lockers on each side.

This well maintained, centrally located home is a great starter home or investment property! This 2 bedrooms, 1 bathroom home showcases many updates.

Great way to get into the market as you can rent 1 side & live in the other! Each unit is 3 bdrms up w/ 2 bdrms down + rec. room. Will not last long at this price. .

MLS 10148019

$499,900

MLS 10148175

$289,900

MLS 10148012

$499,900

LD SO

11309 Coldstream Creek Road

6451 Bluejay Road, Vernon

Amazing Coldstream investment opportunity. Full legal side by side duplex. Full walk out basements on both sides. Walking distance to Kalamalka Lake.

Rural living just minutes from town. Beautifully maintained 3 bdrm, 2 bath rancher with a full basement. Gorgeous views of swan lake and the city of Vernon.

MLS 10146300

$635,000

MLS 10147613

$475,000

3417 16th Ave, Vernon Fantastic 3 bedroom, 2 bathroom,1500 sqft family home in Mission Hill. Spacious deck with a large private backyard. Close to town, parks, and schools.

MLS 10145808

$319,900

9790 Springfield Rd, Vernon

#425 3901 32nd Ave, Vernon

#304 103 George St, Enderby

Fantastic opportunity to build your dream home on 10+ acres of gently rolling Lavington farm land. This lot offers fantastic views, private setting, and easy access.

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

Unbeatable value as an investment or first time buyer getting into the market! Top floor, 2 bdrm, 1 bath home in great condition in strata complex.

MLS 10137679

$525,000

MLS 10145772

$168,900

MLS 10142105

$122,900

YOURREALESTATEPAGES.COM | 13

Va l

#1 - 6600 Okanagan Ave

909 33 Avenue, Vernon

JANE FIELD

· Almost 2000 sq.ft. · 1+2 Bedrooms · 1.5+1 Bathrooms · Choice location in complex · Hardwood & granite · Dynamic mezzanine overlooks great room MLS: 10141204 $419,900

Cell 250.938.2830 Office 250.503.3755 Toll Free 1.888.503.3755

· 3+1 bdrms, 2.5 baths · Newer subdivision on East Hill · Open Concept, Great Quality · SS Appliances · Fenced backyard · Generous sized Garage

jane@vernonrealestate.ca

5109 Haynes Road, Vernon

Vernon

5603 - 27th Street Vernon, BC V1T 8Z5

· 3 bedrooms · 1275 square feet on main floor · Rec room finished in the basement · Fenced backyard.

Experience

that will move you RRS

Registered Relocation Specialist

Thinking of Selling? Call me for a FREE market evaluation* *Some restrictions apply

250.938.2830

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

BCREA HOUSING FORECAST UPDATE BCREA HOUSING FORECAST UPDATE

February 20172017 February

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 For immediate release Housing For immediate release For immediate release BoardBoard Area Area For immediate release For immediate immediate release release

Unit Sales Average MLS MLS PricePrice ($) ($) Unit Sales Average Market Facing Headwinds Despite Strong Economy ®

2016 2016

2017F2017F

2018F2018F

2016 2016

2017F2017F

2018F2018F

BCREA 2017 Fourth Quarter Housing Forecast 10,028 9,2509,250 8,500 585,745 10,028 100,000 8,500Consecutive 585,745 599,000 599,000 608,000 608,000 BC Home Sales Above for Third Year Victoria Victoria BC Home Sales Above 100,000 for Third Consecutive Year 27.5% -7.8% -8.1% 12.3% 2.3% 1.5% 1.5% 27.5% 100,000 -7.8% for Third -8.1%Consecutive 12.3% 2.3% BC Home Sales Above Year immediate BC Home Sales Above 100,000 Third Consecutive Year BC For Home Sales 100,000 for Third Consecutive Year 10,532 9,400 $383,192 $402,000 Vancouver, BC release –Above November 28, 2017. The British Columbia Real Estate Association (BCREA) released its 2017 10,532 9,400 for 8,750 $383,192 $396,000 $396,000 $402,000 BC Home Sales Above 100,000 for8,750 Third Consecutive Year Vancouver Island Vancouver Island Vancouver, BC – January 12, 2018. The British Columbia Real Estate Association (BCREA)

26.6% -10.7% -6.9% 12.8% 3.3% 1.5% 1.5% 26.6% -10.7% -6.9%Estate 12.8% 3.3% Fourth Quarter Forecast today. Vancouver, BCHousing – January 12, 2018. The British Columbia Real Association (BCREA) Vancouver, BC – January 12, 2018. The British Columbia Real Estate Association (BCREA) 417 390 345 $284,471 $288,000 $291,000 reports that a total of 103,763 residential unit sales were recorded by the Multiple Listing 417 390 345 $284,471 $288,000 BCBritish Home Sales Rise Despite Low Level of Supply Powell River Sunshine Coast Vancouver, BC –– January 12, 2018. The British Columbia Real Estate (BCREA) ncouver, BC – January 12,River 2018. The Columbia Real Estate Association (BCREA) reports that a total of 103,763 residential unit sales were recorded byAssociation the Multiple Listing 1%$291,000 Powell Sunshine Coast Vancouver, BC January 12, 2018. The British Columbia Real Estate Association (BCREA) 9.4% -6.5% -11.5% 15.3% 1.2% 9.4% -6.5% -11.5% 15.3% 1.2% reports that a total of 103,763 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the in 2017, ainsales decline ofMultiple 7.5 perforecast cent from a record 112,211 Multiple Listing Service® (MLS®) residential sales the are to Multiple decline 10.4 per cent 1% to 91,700 reports that aaresidential total of 103,763 residential unit were recorded by the Listing orts that a total of 103,763 unitprovince sales were recorded byprovince the Listing Service® (MLS®) across the province in 2017, a34,000 decline of 7.5 per 1,017,228 cent from a 942,000 record 112,211 40,880 34,000 35,750 963,000 40,880 35,750 1,017,228 942,000 963,000 reports that total of 103,763 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in 2017, a decline of 7.5 per cent from a record 112,211 Greater Vancouver unit sales in 2016. The average MLS® residential price in BC was $709,579 in 2017, up 2.7 per units in 2018, after an expected 8.8 per cent decrease this year. A record 112,209 unit sales were recorded in Greater Vancouver Vancouver, –across November 14, 2017. The British Columbia Real Estate Association (BCREA) -5.2% 5.1% 12.7% -7.4%-7.4% 2.2% 2.2% Service® the province in 2017, aa-16.8% decline of 7.5 per cent from record vice® (MLS®) across the(MLS®) province in 2017, aprovince decline of 7.5-16.8% per cent from a7.5 record 112,211 unit sales in BC 2016. The average MLS® residential price in BC was $709,579 inaa2017, up112,211 2.7 per -5.2% 5.1% 12.7% Service® (MLS®) across the in 2017, decline of per cent from record 112,211 unit in 2016. The average MLS® residential price in was $709,579 in 2017, up per 2016.sales The ten-year average forTotal MLS® residential sales in BC isBC 84,700 units. Strong economic and demographic cent from the previous year. sales dollar volume was $73.63 billion, down 5.1 per2.7 cent 23,086 19,700 18,900 $676,946 $668,000 that aMLS® total of 8,677 unit sales were recorded by the Multiple Listing Service® 23,086 19,700 18,900 $676,946 $657,000 $668,000 unit in 2016. The average MLS® price in BC was $709,579 inin$657,000 2017, up 2.7 per t sales in 2016.reports Thesales average residential price inresidential BC was $709,579 in 2017, up 2.7 per cent from the previous year.residential Total sales dollar volume was $73.63 billion, down 5.1 per cent Fraser ValleyValley Fraser unit sales in 2016. The average MLS® residential price in BC was $709,579 2017, up 2.7 per1.7% fundamentals are supporting elevated housing demand. However, a number of factors are expected to temper cent from the previous year. Total sales dollar volume was $73.63 billion, down 5.1 per cent 15.1% -14.7% -4.1% 17.2% -2.9% 1.7% from 2016. 15.1% -14.7% -4.1% 17.2% -2.9% (MLS®) in October, an dollar increase of 19.3 per centvolume from the same period lastdown year.5.1 Total sales cent from the previous year. Total sales dollar was $73.63 billion, per cent nt from the previous year. Total sales volume was $73.63 billion, down 5.1 per cent from 2016. cent from the previous year. Total sales dollar volume was $73.63 billion, down 5.1 per cent 4,306 3,400 3,100 $397,911 $416,000 $428,000 home sales in the province next year.4,306 3,400 3,100 $397,911 $416,000 from 2016. Chilliwack and District dollar volume was $6.25 billion,37.2% up37.2% 41.6 per cent from-8.8% October 2016. The average MLS® 2.9%$428,000 Chilliwack and District from 2016. m 2016. -21% -21% 18.4%18.4% 4.5% 4.5% -8.8% 2.9% from 2016. “Robust housing demand in 2017 was$720,129, residential price in the province was up 18.72,700 per2,700 cent from October 2016. 3,181 2,870 345,528 355,000 “Robust housing demand in 2017 was 3,181 2,870 345,528 355,000 362,000 362,000 “Housing demand across the province will face increasing Kamloops and District Kamloops and District “Robust housing in 2017 was underpinned by was ademand strong economy, 23.6% -9.8%-9.8% -5.9%-5.9% 5.9% 5.9% 2.7% 2.7% 2% 2% 23.6% “Robust housing in 2017 was obust housing demand in 2017 underpinned by ademand strong economy, headwinds in 2018,” said Cameron Muir, BCREA Chief “Robust housing demand in 2017 was underpinned by a strong economy, 10,036 8,400 8,600 $461,791 $468,000 $476,000 employment growth and rising wages,” 10,036 8,400 8,600 $461,791 $468,000 $476,000 home sales trended in underpinned by a strong economy, derpinned by a“BC strong economy, Okanagan Mainline employment growth andhigher rising wages,” Okanagan Economist. “AMainline rising interest rate25.6% environment combined -16.3% 2.4% 13.1% 1.3% 1.7% underpinned by a strong economy, employment growth and rising wages,” 25.6% -16.3% 2.4% 13.1% 1.3% 1.7% said Cameron Muir, BCREA Chief October, up 23 per mortgage cent January on a2,050 employment growth andfrom rising wages,” ployment growth and rising wages,” said Cameron Muir, BCREA Chief with more stringent stress tests will reduce 2,459 1,975 $364,295 $351,000 $356,000 2,459 2,050 1,975 $364,295 $351,000 $356,000 employment growth and migration, rising said Cameron Muir,trend BCREA Chiefwages,” Economist. “Above South Okanagan* South Okanagan* seasonally adjusted basis,” said Cameron said Cameron Muir,trend BCREA Chief d Cameron Muir, BCREA Chief household purchasing power and21.6% erode housing -16.6% -3.7%-3.7% 11.3%11.3% -3.6%-3.6% 1.4% 1.4% Economist. “Above migration, 21.6% -16.6% said Cameron Muir, BCREA Chief Economist. “Above trend migration, both international and interprovincial, 260 285 325 $233,363 $243,000 $248,000 affordability.” The 5-year qualifying rate is forecast to rise 20 260 285 325 $233,363 $243,000 $248,000 Muir, BCREA Chief Economist. “A lack of Economist. “Above trend migration, onomist. “Above trend migration, both international and interprovincial, Northern LightsLights Northern Economist. “Above trend migration, both international and interprovincial, also bolstered housing demand, while -16.7% 9.6%new 14% 14% -13.4% 4.1% 4.1% 2.1% 2.1% -16.7% 9.6% -13.4% basis points to 5.15 per cent by Q4 2018, and the in the resale market continues both international and interprovincial, h internationalsupply andbolstered interprovincial, also housing demand, while to 2,955 2,5002,500 both international and interprovincial, also bolstered housing demand, while 2,955 $282,758 $286,000 $286,000 $291,000 $291,000 broader demographic fundamentals qualification rules for conventional mortgages will erode 2,5752,575 $282,758 Kootenay Kootenay put upward pressure on home prices in -15.4% also bolstered housing demand, while o bolstered housing demand, while fundamentals broader demographic 18.2% 3% 3% 2.7% 2.7% 1.1% 1.1% 1.7% 1.7% 18.2% -15.4% also bolstered housing demand, while broader demographic fundamentals added to condominium in “Given the rapid rise purchasing power by upfundamentals to 20 sales per4,069 cent. broader demographic ader demographic fundamentals most BCfuel regions.” added fuel to condominium sales in4,069 4,1004,100 4,2504,250 $263,703 $263,703 $265,000 $265,000 $269,000 $269,000 BChome Northern broader demographic fundamentals added fuel to condominium sales in BCcentres Northern urban and to all home types in in prices over the past few years, the effect of these -3.4% 0.8% 3.7% -0.4% 0.5% 1.5% 1.5% 0.8% 3.7% -0.4% 0.5% added centres fuelsales to condominium sales in-3.4% ded fuel to condominium in to all home urban and types in added fuel to condominium sales in in urban and all home types factorscentres will likely beto magnified.” retirement-oriented communities.” 96,345 95,770 96,345 95,770 691,144 691,144 657,026 657,026 666,657 666,657 urban centres and to all home types in an centres andTotal to allactive home types inwere down112,209 5.1112,209 per retirement-oriented communities.” BClistings Total Total 9.5% 9.5% 8.6% 8.6% -4.9%-4.9% 1.5% 1.5% retirement-oriented urban centres BC and tocommunities.” all home types in -14.1%-14.1% -0.6%-0.6% retirement-oriented communities.” rement-oriented communities.” cent toNorthern 27,987 units in October compared NOTE: Real Estate Board (NLREB) became part ofpart the Okanagan Real Estate Boardin (SOREB) onBC January 1, 2011.1, 2011. The The supply ofLights homes for sale is now trending atSouth or near decade lows most regions. The imbalance NOTE: The Northern Lights Real Estate Board (NLREB) became ofa the South Okanagan Real Estate Board (SOREB) on January retirement-oriented communities.” The BC housing market ended the year with strong December. Home sales increased 4 per *Excluding Northern Lights to the same month last year, and have The BC housing market ended the year with a strong December. Home sales increased 4 per *Excluding Northern Lights between supply and demand has been largely responsible for rapidly rising home prices. The combination of The BC housing marketonended the yearadjusted with a strong Home sales increased 4 per cent from November, a aseasonally basis. December. However, the year-end results were likely The BC housing market ended the year with a strong December. Home sales increased 4induce per e BC housing market ended the year with strong December. Home sales increased 4 per declined 49 per cent over the last five cent from November, on a seasonally adjusted basis. However, the year-end results were likelymore weakening consumer demand and a surge in new home completions next year is expected to cent from November, on a seasonally adjusted basis. However, the year-end results were TheBCREA BC housing ended theanalysis year with a strong December. sales increased 4 likely per pushed bymarket some homebuyers advancing their purchases toHome avoid tougher mortgage BCREA Economics provides timely research, analysis and information on economic factors affecting British Columbia and itsand housing markets. Economics provides timely research, and information on economic factors affecting British Columbia its housing markets. cent from November, on a seasonally adjusted basis. However, the year-end results were likely nt from November, on ahigher seasonally adjusted basis. However, the year-end results were likely years. The ratio of home sales to active listings was up from 24.7 cent in average October 2016 to 31 pushed higher by some homebuyers advancing their purchases toper avoid tougher mortgage balanced market conditions, producing less upward pressure on home prices. The MLS® residential pushed higher by some homebuyers advancing their purchases to avoid tougher mortgage cent from November, on a seasonally adjusted basis. However, the year-end results were likely qualification rules in the new year. pushed higher by some homebuyers advancing their purchases to avoid tougher mortgage shed higher by per some homebuyers advancing their purchases to avoid tougher mortgage qualification rules inisThe the new year. cent lastprovince month. BC housing market is considered to be this in relative balance when thecent to price in the forecast to increase 3.1 per cent to $712,300 year, and a further 4.6 per qualification rules inEstate the new year. The British Columbia Association (BCREA) is the is the their purchases to avoid tougher mortgage pushed byReal some homebuyers advancing Thehigher British Columbia Real Estate Association (BCREA) Send questions and comments aboutabout the Housing Forecast to: to: Sendcent. questions and comments the Housing Forecast qualification rules infor the new year. alification rulesratio inprofessional the new year. $745,300 inassociation 2018. of home sales to active listings is between 12 and 20 per in BC, more than 20,000 REALTORS in BC, were recorded by the MLS® across the professional for more than 20,000 REALTORS qualification rules in of the new year. In December, aassociation total 5,738 residential unit sales Muir, Chief Economist, Cameron Muir, ChiefMLS® Economist, Infocusing December, aprovincial total of 5,738 residential unit sales wereCameron recorded by the across the on provincial issues that impact real estate. Working with focusing on a issues that impact real estate. Working with In December, total of 5,738 residential unit sales were recorded by the MLS® across cmuir@bcrea.bc.ca; 604.742.2780 province, an increase of 21.5 per cent from the same period last year. Total sales dollarthe volume cmuir@bcrea.bc.ca; 604.742.2780 – 30 – In December, a total of 5,738 residential unit sales were recorded by the MLS® across December, a total of 5,738 residential unit sales were recorded by the MLS® across the the province’s real11residential estate boards, BCREA provides continuing province, an11increase of 21.5 per cent from the same period last year. Total sales dollarthe volume Year to BC dollar volume was down 9.4 per centTotal to $63.8 billion, when thedate, province’s real estate boards, BCREA provides continuing province, an increase of 21.5 per cent from the same period last year. sales dollar volume Inprofessional December, aeducation, total of 5,738 residential unit sales were recorded byMLS® the MLS® across the was $4.2 billion, upadvocacy, 36.3 per cent from December 2016. The average residential price in Brendon Ogmundson, Economist, Brendon Ogmundson, Economist, education, economic research andResidential professional advocacy, economic research and province, an increase of 21.5 per cent from the same period last year. Total sales dollar volume vince, an increase of 21.5 per cent from the same period last year. Total sales dollar volume was $4.2 billion, up 36.3 per cent from December 2016. The average MLS® residential price in compared with the same period in 2016. unit sales declined 10.7 per cent to 90,290 Tostandard view the full BCREA Housing Forecast, click here. bogmundson@bcrea.bc.ca; 604.742.2796 bogmundson@bcrea.bc.ca; 604.742.2796 was $4.2 billion, up 36.3 per cent from December 2016. The average MLS® residential price in the province was $734,108, up 12.1 per cent from the same month last year. province, an increase of 21.5 per cent from the same period last year. Total sales dollar volume provide value for their clients. forms to help REALTORS provide value for their clients. standard forms to help REALTORS was $4.2 billion, up 36.3 per cent from December 2016. The average MLS® s $4.2 billion, up 36.3 per cent December 2016. average MLS® residential price inresidential price in the province wasfrom $734,108, up 12.1 perThe cent from the same month last year. units, while the MLS® residential price increased 1.4month per cent to $706,881. the province wasaverage $734,108, up 12.1 per December cent from the same lastMLS® year. -30-last was $4.2 billion, up 36.3 per cent from 2016. The average residential price in Additional economics information is available on Additional economics information is available on the province was $734,108, up 12.1 per cent from the same month last year. province was $734,108, up 12.1 per cent from the same month year. -30To demonstrate the profession’s commitment to improving Quality To demonstrate the profession’s commitment to improving Quality For more information, please contact: -30BCREA’s website at: www.bcrea.bc.ca. For more information, please contact: website www.bcrea.bc.ca. the province was $734,108, up 12.1 per cent from the sameBCREA’s month lastat:year. of Life BCMuir communities, BCREA supports policies that help -30-30ofinLife in BC communities, BCREA supports policies that help For more information, please contact: Cameron -30For more information, please contact: Cameron Muir -30ensure economic vitality, provide housing opportunities, preserve ensure economic vitality, provide housing opportunities, preserve For more information, please contact: To sign forup BCREA news releases by email visit: visit: more information, please contact: Cameron Muir Chief Economist Toup sign for BCREA news releases by email For more information, please contact: Cameron Muir themore environment, protect property owners and build betterbetter Chief Economist For information, please contact: www.bcrea.bc.ca/news-and-publications/publications/ the environment, protect property owners and build www.bcrea.bc.ca/news-and-publications/publications/ Cameron Muir meron Muir Cameron Direct:Economist 604.742.2780 Chief Muir manage-subscriptions. communities with good and safe Chief Economist manage-subscriptions. communities with schools good schools andneighbourhoods. safe neighbourhoods. Direct: 604.742.2780 Cameron Muir Mobile: 778.229.1884 Chief Economist Economist ef Economist Chief Direct: 604.742.2780 Direct: 604.742.2780 Mobile: 778.229.1884 Chief Email:Economist cmuir@bcrea.bc.ca Direct: 604.742.2780 ect: 604.742.2780 Mobile: 778.229.1884 Direct: 604.742.2780 Mobile: 778.229.1884 Email: Direct:cmuir@bcrea.bc.ca 604.742.2780 Mobile: 778.229.1884 bile: 778.229.1884 Email: cmuir@bcrea.bc.ca Mobile: 778.229.1884 1420 – cmuir@bcrea.bc.ca 701 Georgia Street W, Columbia POColumbia Box 10123, Pacific Centre, Vancouver, BC V7Y may 1C6 Email: Housing Forecast is published quarterly by the British Real Estate Real estate real estate and REALTORS reprint this content, Mobile: 778.229.1884 Housing Forecast is published quarterly by the British Real Association. Estate Association. Real boards, estate boards, real associations estate associations and REALTORS may reprint this content, Email: cmuir@bcrea.bc.ca ail: cmuir@bcrea.bc.ca 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. with permission.” Email: cmuir@bcrea.bc.ca President Jim Stewart | President-Elect James Palanio | bcrea@bcrea.bc.ca | 604.683.7702Reprinted (tel) Email: cmuir@bcrea.bc.ca BCREAPresident makes makes no guarantees as to the or completeness of this information. BCREA no guarantees as to the accuracy or completeness of this information. 2 Interim CEO Damian Stathonikos Past Deanna | 604.683.8601 (fax) | accuracy | www.bcrea.bc.ca ®

Horn Russell 1420

– 701 Georgia Street W, PO Box 10123, Pacific Centre, Vancouver, BC V7Y 1C6 1420 – 701 Georgia Street W, PO Box 10123, Pacific Centre, Vancouver, BC V7Y 1C6 1420 – Georgia Street W, PO BoxJames 10123, Pacific Centre, Vancouver,| BC V7Y 1C6 President701 Jim Stewart | President-Elect Palanio | bcrea@bcrea.bc.ca 604.683.7702 (tel) 1420 – 701 Georgia Street W, PO Box 10123, Pacific Centre, Vancouver, V7Y 1C6 0 – 701 Georgia Street W, PO Box 10123, Pacific Centre, Vancouver, V7Y 1C6 || BC President Jim Stewart | Interim President-Elect James Palanio |BC bcrea@bcrea.bc.ca 604.683.7702 (tel) CEO Damian Stathonikos | | www.bcrea.bc.ca 604.683.8601 (fax) Past President Deanna Horn President Jim Stewart | President-Elect James Palanio | bcrea@bcrea.bc.ca | 604.683.7702 (tel) CEOBox Damian Stathonikos | BC | Interim | www.bcrea.bc.ca 604.683.8601 (fax) Past President Deanna HornStreet –| 701 Georgia W, PO 10123, Vancouver, V7Y 1C6 President Jim Stewart | Palanio President-Elect PalanioPacific Centre, bcrea@bcrea.bc.ca | 604.683.7702 (tel) dent Jim Stewart 1420 President-Elect James | James bcrea@bcrea.bc.ca | | 604.683.7702 (tel)

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

President Jim Stewart Past President Deanna Horn

| |

President-Elect James Palanio Interim CEO Damian Stathonikos

| |

bcrea@bcrea.bc.ca www.bcrea.bc.ca

| |

Vernon

*Personal Real Estate Corporation

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