Vernon Real Estate Pages by Silver Star Media

VERNON & AREA

Armstrong Enderby Lumby

This listing is proudly presented by

Barbie LeRoux 4 beds, 2 baths, Post & Beam home in Mara. Prime riverfront acreage with unlimited recreational or farming possibilities! Call 250-804-9936 or visit www.agentbarbie.com

Issue 35 â&#x20AC;˘ May 20 - June 2, 2018

Greg Barteluk

Robin Baycroft*

Glenn Beach

Murray Bennetto

Maria Besso

Mark Collett

Don Cowan

Doug Cuthbert*

Carla Dahlen

Ryan Danchuk

Brandy DeBartolo

Don Defeo*

Craig Demetrick

Debbie Fisher

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Nick Lutsenko

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RE/MAX Enderby

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Jayme McKillop

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RE/MAX Vernon

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Armstrong

RE/MAX Vernon

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Commercial Solutions

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

RE/MAX Vernon

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Vernon

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Brad Marsh

Rob Wasiliew

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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Vernon

9643 Kilkenny Place

mls#10156442

$1,495,000

Quality, luxury and lifestyle in the executive waterfront home on Okanagan Lake! The great room and huge deck take in the spectacular lake views as do the terrace room and covered deck below. Fully landscaped grounds, easy access beach, and a large private dock. NE

404 - 7922 Okanagan Landing Rd.

mls#10158237

S O L U T I O N S

250.503.3477 GlobalWestCommercial.com

$549,900

Every day is a vacation in this resort-style complex! 2 beds + den. Large lake-facing deck to enjoy the views from the great room. Pool, hot tub, gym, and quick access to Okanagan Lake. Move in and enjoy!! NE

INC

3206 16 Street mls#10158683

$369,000

Great East Hill location close to a park and elementary school. Classic 3 bedroom bungalow, gas f/place, double detached garage on back lane, fenced level yard, new deck. Bring the kids and dog.

I have a buyer looking for

#13 Lakeshore Drive mls#NEW

$429,000

Front row at Parker Cove. Great lake view across from the park. Two lots pre-paid to 2043. 3 bedrooms, 2 baths. Covered deck, detached double garage and boat carport.

Sterling Estates/ East hill family home

Call m

SilverStarMedia.caâ&#x20AC;&#x192; 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 | 5

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

Vernon

Swan Lake View Executive Home! - 6800 Goose Lake Road, Vernon

0 ,0 50

Virtual Tour: http://bit.ly/mbesso_gooselakeroad_vid

Perfect family home with traditional covered wrap around deck. Spacious and totally renovated 1997 two storey, 4479 sq ft. with 4 +1 Bdrms, and a 560 sq ft in-law suite, with $20,000 thermadore professional dual steam range, quartz counters, walnut floors, 2.5 acres, pool, shop, etc.. MLS 10156086

e-Editions available online YourRealEstatePages.com

@REPVernon

Vernon Real Estate Pages

e W ve Ha Open House: Sunday, May 20 1-3pm Hosted by Robert Moorhouse

1505 30 Avenue, Vernon

#8 2716 Wolfenden Ter., Armstrong

MLS®10154351 $654,900

MLS®10158654 $349,500

7160 Apex Drive, Vernon

2000 Apex Court, Vernon

MLS®10150648 $719,900

MLS®10155813 $1,179,000

Private Oasis in the desirable East Hill. 1950 Character Home boasting 3 beds+den and 3 baths.

level entry 2 bdrm, 2 bath rancher with private yard. Very affordable strata fees of only $50/month.

John Kristian

Personal Real Estate Corporation

John@johnkristian.ca I 250.550.0234

Brandy DeBartolo

Personal Real Estate Corporation

Brandy@okanagansavvy.com I 250.558.8839

Robert Moorhouse Buyers Agent

Robert@okanagansavvy.com | 250.540.7515 sav·vy /‘savē/ informal

noun

Located in the prestigious Foothills, Both levels will be complete w/ 4 bedrooms (2+2), 3 full bathrooms.

e W nt a W

1. Practical knowledge and shrewdness; the ability to make good judgments. "my realtor truly had real estate savvy"

www.OkanaganSavvy.com

Family home with mountain views. Open concept, floor to ceiling windows, large covered deck. 16x23 shop.

Newer Modern 4 bedroom Rancher in Coldstream

10-12 acres with home in Coldstream

Half an acre with Rancher and shop in North BX

3 bedroom, 2 bathroom condo in Vernon

Custom designed home on 20.63 forested acres

$645,000

MLS® 10149988

Your own pond and trails to explore the fantastic views of the valley below. 3 bedrooms, 2 bathrooms 2 living/family rooms 2 covered decks Ready for B&B!

Your Ad Here 250.545.8858

www.YourRealEstatePages.com Vernon Real Estate Pages

@REPVernon

YOURREALESTATEPAGES.COM | 7

Desert Cove

2 bed, 2 bath, home with spacious living room & dining room. Very Friendly Community.

Nicely maintained home, Spacious Living room & Dining room combo. 2 Bed, 2 Bath.

807 8 Avenue

414 4 Street

www.your5starteam.com MLS® 10158350

Newly Offered at $352,900

MLS® 10158601

Newly Offered at $359,000

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

#33 - 6902 Okanagan Landing Road, Vernon

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Business & Farm

Home & Travel

Auto & RV

in st Li

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

Spacious manufactured home in Okanagan Terrace MHP. Built in 2011, in picture perfect condition. Features 2 bedrooms, 2 baths, open plan, flat site with garden area, sheds, and a 10 x 36 covered deck for outdoor comfort. Gas heat, central air, 1 year old appliances and more. Late August possession. Shows very well. $179,900 MLS® 10159054

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

250.309.0039 chris@chrisholm.ca

Brenda Ellis

Brent Stevenson

Shelby Bouchard

REALTOR®

250.549.0023

250.309.9969

250.308.4310

REALTOR®

#5 - 3807 32 Avenue

$269,900

1804 50 Avenue

Diane Callbeck Client Care

Yania Greenaway Admin Assistant

(unlicensed)

$499,900

(unlicensed)

2950 Burns Avenue

Kendra Scarrott Admin Assistant

(unlicensed)

$469,900

Open House: May 20, 11:00am - 12:30pm

Open House: May 20, 1:30pm - 3:00pm

Spacious 1,150 sq ft, 3 bdrm, 1.5 bath centrally located townhouse in Vernon’s Viewcrest Village. Master bdrm w/ walk-in closet, second & third bedrooms with double closet, 4 piece main bathroom & storage room complete the second floor living space. Rentals & pets allowed with restrictions. Fabulous starter home located in a quiet neighbourhood, with easy access to public transit. MLS 10156369

1,814 sq.ft. 3 bed, 2.5 bath 2 storey home now complete on quiet no-through road in the new Cornerstone Village development. South facing backyard with covered patio. A lovely and comfortable home with nice touches, including kitchen appliances, ctrl air, hardwood flooring & front landscaping. Close to BX Creek walking trail, walking distance to schools & shopping. Only 20 minutes to Silverstar Mountain. MLS 10150155

Beautifully & tastefully renovated 1,688 sq.ft. 4 Bedroom, 2.5 bath grade level entry home, situated in quiet family neighborhood. A large open foyer greets you and your guests when entering the home. A staircase leads you to the main living area, boasting a well designed open floor plan. The flat, fully landscaped yard is a great space for kids. Centrally located, easy walking distance to schools & parks. MLS 10158850

9233 Kokanee Road

$199,900

Gorgeous 1.1 acre lot with Lake Okanagan & mountain views. There's easy access to this sloping property where mature trees create shade and privacy. Located at the west end of Vernon and priced below assessed value, this quiet and peaceful property is only 20 minutes to the beach and all amenities Vernon has to offer. MLS 10158361

2215 + 2225 Wilson Avenue

$559,900

Quality, Luxury, Location! Welcome to Wilson Ave & these well-planned 2392 sq.ft., 4 bed, 3 bath single family homes which includes a legal 1 bed, 1 bath suite. Impressive floor plan & exceptional detailing make for comfortable & delightful living. Live close to everything yet feel miles away from it all in this peaceful little neighbourhood, conveniently close to parks, schools, recreation, & shopping. MLS 10158532 & 10158523

Vernon

1762 Deep Creek Road

$224,900

Welcome to your daily getaway on Deep Creek Road! Easily accessible and nestled behind the tree line, approximately 2 acres of cleared, level land lie against almost 3 more pristine acres of untouched woods. This ideal country setting offers a blank slate, and is ready with 200 amp service, installed well, and no building restrictions. Right around the corner from Gardom Lake. MLS 10158380

112 Vineyard Way

$848,000

Beautiful 2872 sq.ft. home with open concept level entry living on the main. Kitchen boasts expansive granite countertops & S/S appliances. Spacious master suite has a 5 piece bath, walk-in closet and unobstructed views over the valley and down Okanagan Lake. Access to the Grey Canal trail is just below the house, The Rise Golf Course moments above, beaches and boat launches nearby - enabling an easy active lifestyle. MLS 10158849

4010 19th Street

$499,000

Excellent investment opportunity! Both sides of this great duplex are for sale - buy one or buy both! 1/2 duplex unit containing 2 residential dwellings with separate entrances & shared laundry. Central air, attached garage, located on a friendly, quiet no-thru rd close to schools & shopping, with a park & playground steps away. MLS 10156458 & 10156461

5091 20 Avenue

$1,550,000

Beautifully unique 10,187 sq. ft. Bed & Breakfast with 3,457 sq. ft. 4 bed, 3 bath private residence attached, surrounded by forest & golf course just south of Salmon Arm. B&B includes 6 spacious guest rooms w/ private ensuites, large dining area, plus outdoor patio with BBQ and manicured yard for guests to relax. All B&B furniture, appliances, and decor included in the sale. Move into a pleasant lifestyle, with a successful, award-winning business ready to go! MLS 10154946

ChrisHolmRealEstate.ca

YOURREALESTATEPAGES.COM | 9 212 Country Estates Drive, Vernon

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· 4 Bdrms + Den, 3 Baths · Dramatic 19 foot ceilings in living room · No rear neighbours! Forestry behind. · Meticulous care · View of Silver Star ski hill and surrounding mountains MLS 10152232 $699,000

JANE FIELD

that will move you RRS

Registered Relocation Specialist

Vi ew s

7290 Longacre Drive, Vernon

La ke

· 3 Bdrms, 3 Baths · Very clean 3 level split · In ground swimming pool · Very private backyard, pasture behind.

O ka na ga n

Cell 250.938.2830 Office 250.503.3755 Toll Free 1.888.503.3755

Experience

MLS 10154354 $619,900

jane@vernonrealestate.ca

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

Vernon

*Some restrictions apply

5603 - 27th Street Vernon, BC V1T 8Z5

250.938.2830 5610 Rimer Road, Vernon Stunning 5 bed, 3 bath rancher with stylish upgrades on the main level offering one level living and a spacious new basement easily converted to a rental suite plus ample parking. Conveniently located in the pastoral North BX yet close to town makes this the perfect family home. Visit dougcuthbert.com for Virtual Tour & Floor Plans MLS® 10157822

Vernon

250-540-3557

Krista@KristaBlankley.ca

5980 Star Road, Vernon $759,000

20 Hymar Place, Coldstream

Location location location! This .3 of an acre home is located just off Silver Star road across from an orchard and within walking distance of BX Elementary. On the main floor you will find three bedrooms, perfect for a growing family! The bright dining room and kitchen area boasts tons of cupboard and counter space. Downstairs is a second kitchen, family room, den, bedroom and bathroom. This home comes with great bones! Outside find a large patio accessed off the living room and tons of space in the backyard for a garden or a trampoline. Bring your ideas!

$440,000

mls 10158908

$829,000

Located in prestigious Coldstream Valley Estates, this stunning 3357 sq ft, 5 bed, 3 bath rancher/walkout basement home offers one level living, workshop, summer kitchen, RV parking plus a garden oasis with a large, fully landscaped 0.52 acre lot. Situated on a peaceful cul-de-sac, this is the ideal family home. Visit dougcuthbert.com for Virtual Tour & Floor Plans Plans. MLS® 10157822

Personal Real Estate Corporation

250.550.4203 www.dougcuthbert.com

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

Vernon

Immaculate executive level entry home with a stunning panoramic view of Kalamalka Lake, Coldstream Valley & Monashee Mountains. Walking distance to Kal beach and the Rail Trail. MLS®10154368

2 storey Family home on 5 acres minutes away from Silver Star Mountain Resort. 2 bedroom + den, 2 bathrooms. Detached garage. MLS®10155367

8200 Rogers Road

$699,900

8303 Stoneridge Drive

$576,500

$899,900

#205 - 3701 27 Avenue

$159,900

4432 Sleepy Hollow Road

Nice rental or owner occupied property. Easy flat walk to town and shopping. 2 bedrooms , covered parking, elevator access and secure entrance. MLS®10152975

Beautifully updated 2800 sq/ft 3 bdrm, 3 bath rancher with a full basement on a quite no-through road. This is a perfect family home with so much to offer! MLS®10155093

507 Pineridge Road

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

W N E I CE PR

9790 Springfield Road

4 bed, 4 full bath custom built Jenish home. Enjoy country living on 4.62 flat usable acres in modern comfort only minutes to downtown Armstrong & 15 minutes to Vernon. MLS®10155732

$879,900 Fantastic opportunity to build your dream home on 10+ acres of of gently rolling Lavington farm land. This lot offers endless opportunity with fantastic views & private setting. MLS®10137679

$499,000

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

7408 Sun Peaks Drive New

In the Foothills area of Vernon, a four bedroom family home with den and a large family room. Possible to convert part of the basement to a legal one bedroom suite. Main floor laundry. Fenced rear yard, with a gate to open space behind, partially covered deck and a low maintenance front yard. One side of the garage is 32 feet deep, Ideal for BOAT STORAGE. Prewired for a hot tub.

$682,000

MLS®:10158803

1512 Apex Lane

Lot 1 7500 McLennan Road New

Vernon

New

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.

$449,900

MLS®:10158800

A four bedroom plus den family home in the Foothills area of Vernon. Nice lake and city views. Ample kitchen cabinetry and counter space. Stainless steel kitchen appliances. Dining room features a French door to a partially covered deck with views of the lakes and city lights. Hardwood and tile flooring throughout the main floor and basement make this home ideal for persons with allergies as the only carpeting is on the stairs. Extremely large family/games room. Fenced rear yard with underground sprinklers and raised garden beds. 3 covered outside living areas. Double garage has been drywalled and painted. Basement finishing two years old.

$794,000

MLS®:10158712

#116 - 9845 Eastside Road

#1101 - 7343 Okanagan Landing Rd.

8828 Stonington Road

Fronting onto the picturesque Trout Lake, this fully furnished, turnkey property offers serenity that is in high demand. Inside, hardwood flooring spans the main floor, with an open concept plan and an expansive centre island to gather around. Upstairs the master suite provides a great retreat complete with ensuite bathroom and a large soaker tub. 2 additional bdrms & baths on the main floor. Outside this home boasts waterproof coverings on front and back patios, providing a fabulous spot for outside dining & relaxing, while being completely protected. This property has access to tennis courts, pools, hot tubs, private beaches, gym, & childrens play area.

Largest floor plan available at the Strand Lakeside Resort. 3 master bedrooms plus a den all on one level facing the lake and pool area. Huge covered deck makes a great set up to check out the action on the water or keep an eye on the kids while they play at the pool and beach. Fully furnished with a boat slip and two underground parking spots. GST paid and DCC fees paid!

Great value for this stunning lake view lot, in an area of distinctive homes with lake access. One of the larger lots at .45 acre with unobstructed views of Okanagan Lake. Enjoy private pathways, parkland, forest meadws, beach and dock. Adventure Bay residents enjoy special privileges year round at the seasons club, and recreation facility located just a short drive away.

$435,000

MLS®:10156437

$849,900

MLS®:10150635

$249,000

MLS®:10153037

Please visit our newly redesigned website www.silverstarproperites.ca

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

We are NEVER too busy for your referrals

The

Heidi Lussi Real Estate Team

www.heidilussi.com | 250-503-3487 | info@heidilussi.com

Vernon

SUGAR LAKE RECREATIONAL PROPERTIES - 1681 Sugar Lake Road

New Attractive Pricing

OPEN HOUSE: Sat. - Sun., May 19th - 20th 11:00am - 4:00pm •

· Sugar Lake Recreational Properties keeps getting better! May Long Weekend OPEN HOUSE, come out and view the resort including the newest addition, the floating dock and boat slips. 11am – 4pm Saturday & Sunday May 19th & 20th.

• •

· View all details & drone video at www.heidilussi.com under recreational properties. Lots starting at $44,500

•

108 Silversage Terrace

1306 21st Avenue

New

New Price

1/3 acre, fully serviced lot in prestigious gated Watermark subdivision at the Rise. Unobstructed lake & mountain view. Lend itself for a ranch style home with daylight basement & will also accommodate a pool.

$350,000 MLS®:10158013

Beautifully kept 3 + 1 bedroom, 1.5 bath home in desirable East Hill neighborhood. Nicely landscaped, fenced yard with raised garden beds. Close to schools! $415,000 MLS®:10156504

2106 32nd Avenue New Price

East Hill location. Walk to ALL amenities. Mature setting handles this 4 bedroom home. Lots of modern updates including shingles, furnace, kitchen, gas fireplace, paint and more. The basement has been re-done and nearly completed for a suite. Rear carport. Won't last long at this price.

$464,000 MLS®:10156213

4315 Highland Park Rd New Price

Enjoy your own little Hobby Farm. Cute 2 & 2 bedrooms, 2.5 baths rancher with walk out basement on 1.4 acres fenced property. Recently renovated with beautiful new features such as modern style kitchen, high end tile flooring, hardwood etc. Only minutes from Armstrong in beautiful rural & private setting.

$559,900 MLS®:10147875

For ALL listings visit www.heidilussi.com

YOURREALESTATEPAGES.COM | 13

Deb

Kate

Judy

REALTOR®

Deveau

Kessler

Fischer

Your Key to the North Okanagan

$479,000 115 Red Rock Cres., Enderby Call The Key Team at RE/MAX North Valley - MLS10158847

$749,000

118 Meadowview Road, Grindrod

Call The Key Team at RE/MAX North Valley - MLS10158444

Lundquist*

ent stm InveStarter or

$389,000

North Valley

*Personal Real Estate Corporation

CRYSTAL SANDS - 8192 HwY 97A, MARA Crystal Sands is a Gated Waterfront Community. Must view to realize all this community has to offer, sandy beaches, clubhouse, boat slips, wharf and dock. Full time management/caretaker.

$970,000

$415,000

$179,900

$519,000

1505 Northern Ave., Enderby Call The Key Team at RE/MAX North Valley - MLS10158846

a nse Swaoint P

603 King Street, Enderby Call The Key Team at RE/MAX North Valley - MLS10156123

REALTOR®

908 George St. Enderby, BC

ular Popivision d Sub

ng Listi New

nt rfro Rivereage Ac

Bonita

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

MLS: 10147814

LS-39 Cabin • 4 Bed, 2+ Bath • 1800 sf.

$649,000 587 Hunt Road, Swansea Point Call The Key Team at RE/MAX North Valley- MLS10158777

North Valley

EnderbyRealEstate.com

MLS: 10117716

C- 41 Lot w/shed • Deck • Concrete patio

MLS: 10138844

C1- Cabin • 4 Bed • 2+ Bath •1800 sf. • Turn key

Bonita Lundquist PREC* Realtor® 250-838-0025 • Cell: 250-306-8184 908 George Street • Enderby

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

Unit Sales Unit Sales

® ($) Average MLS®MLS Price Average Price ($) 2016 2016 2017F2017F 2018F2018F 2016 2016 2017F2017F 2018F2018F BoardBoard Area For immediate release Area 10,028 9,2509,250 8,5008,500 585,745 10,028 585,745 599,000 599,000 608,000 608,000 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% 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 Vancouver, BC – May 14, 2018. The British Columbia Real Estate Association (BCREA) reports 26.6% -10.7% -6.9% 12.8% 3.3% 1.5% 26.6% -10.7% -6.9% 12.8% 3.3% 1.5% For immediate release 417 390 390 345 by $284,471 $288,000 $291,000 417 345 $284,471 $288,000 $291,000 that a total of 8,203 residential unit sales were recorded the Multiple Listing Service® (MLS®) Powell RiverRiver Sunshine CoastCoast Powell Sunshine -6.5%-6.5% 15.3%15.3% 1% 9.4% -11.5% 1.2% across the province in 14, April, a 9.4% 16.8 per cent decrease-11.5% from the same month 1.2% last year. The Vancouver, BC – May 2018. The British Columbia Real Estate Association (BCREA) reports1% 40,880 34,000 35,750 40,880 34,000 35,750 1,017,228 1,017,228 942,000 942,000 963,000 963,000 Greater Greater Vancouver average MLS® residential price in BCsales was-16.8% $730,507, up 0.2 the-7.4% previous year. that a Vancouver total of 8,203 residential unit were recorded byper thecent Multiple Service® (MLS®) -5.2% 5.1% 12.7%from 2.2% -5.2% -16.8% 5.1% 12.7% Listing -7.4% 2.2% Total sales dollar volume wasa23,086 $5.99 billion, adecrease 16.7 per18,900 cent decline from April 2017. 19,700 $676,946 $657,000 $668,000 across the province in April, 16.8 per cent from the same month last year. The 23,086 19,700 18,900 $676,946 $657,000 $668,000 FraserFraser ValleyValley 15.1% -4.1% 17.2% 1.7% 1.7% -14.7% up -4.1% 17.2% the-2.9% -2.9% year. average MLS® residential price in 15.1% BC was-14.7% $730,507, 0.2 per cent from previous Vancouver, BC – May 14, 2018. The British Columbia Real Estate Association (BCREA) reports 4,306 3,400 3,100 $397,911 $416,000 $428,000 4,306 3,400 3,100 $397,911 $416,000 $428,000 “BCChilliwack home were essentially Chilliwack andsales District Total sales dollar volume was 37.2% $5.99 billion, a 16.7 per-8.8% cent decline from April4.5% 2017. and District 18.4%18.4% Listing 2.9% 37.2% -21% -8.8% 4.5% 2.9% that a total of 8,203 residential unit sales -21% were recorded by the Multiple Service® (MLS®) unchanged in April compared 3,181 to March, 2,8702,870 2,7002,700 345,528 355,000 362,000 3,181 345,528 355,000 362,000 across the province Kamloops District Kamloops and Districtin April, a 16.8 per cent decrease from the same month last year. The -9.8%-9.8% -5.9%-5.9% 5.9% 5.9% 2.7% 2.7% 2% 2% albeit upand nearly 1 per essentially cent on23.6% a seasonally “BC home sales were 23.6% average MLS® residential price in 10,036 BC was $730,507, up 0.2 per cent from the previous year. 10,036 8,400 8,600 $461,791 $468,000 $476,000 8,400 8,600 $461,791 $468,000 $476,000 adjusted basis,” said Cameronto Muir, unchanged in April compared March, Okanagan Mainline Okanagan Mainline Total sales dollar volume was 25.6% $5.99 billion, a-16.3% 16.7 per2.4% cent decline from 2017. -16.3% 13.1% 1.7% 1.7% 25.6% 2.4% 13.1%April1.3% 1.3% BCREA’s of 2,050 albeit up Chief nearlyEconomist. 1 per cent“The on 2,459 a impact seasonally 1,9751,975 $364,295 2,459 2,050 $364,295 $351,000 $351,000 $356,000 $356,000 South Okanagan* South Okanagan* more burdensome adjusted basis,” saidmortgage Cameron21.6% Muir, -16.6% -3.7%-3.7% 11.3%11.3% -3.6%-3.6% 1.4% 1.4% 21.6% -16.6% “BC home sales were essentially 325 325 $233,363 qualifications for conventional borrowers BCREA’s Chief Economist. “The260 impact 260 of 285 285 $233,363 $243,000 $243,000 $248,000 $248,000 Northern Lights Northern Lightscompared to March, unchanged in April 9.6% 9.6% 14% 14% -13.4% 4.1% 4.1% 2.1% 2.1% -16.7% -13.4% is expected to soften over the-16.7% next more burdensome mortgage albeit up nearly 1 per cent on 2,955 a seasonally 2,500 2,5752,575 $282,758 2,955 $282,758 $286,000 $286,000 $291,000 $291,000 Kootenay several months potential buyers adjust-15.4%2,500 qualifications forasconventional borrowers Kootenay 18.2% 3% 2.7% 1.1% 1.7% 1.7% 18.2% -15.4% 3% 2.7% 1.1% adjusted basis,” said Cameron Muir, both their finances expectations.” is expected to softenand over the next4,069 4,1004,100 4,2504,250 $263,703 $263,703 $265,000 $265,000 $269,000 $269,000 BCREA’s Chief Economist. “The4,069 impact of BC Northern BC Northern -3.4%-3.4% 3.7% 3.7% -0.4%-0.4% 0.5% 0.5% 1.5% 1.5% several months as potential buyers adjust0.8% 0.8% more burdensome mortgage112,209 96,345 691,144 666,657 112,209 96,345 691,144 657,026 657,026However, 666,657 The supply of homes forexpectations.” sale in April increased 4 per95,770 cent95,770 from the previous month. both theirBCfinances and Total BC qualifications forTotal conventional9.5% borrowers -14.1% -0.6%-0.6% 8.6% 8.6% -4.9%-4.9% 1.5% 1.5% 9.5% -14.1%

BC Home Sales Show Little Change in April

total active listings on the market continue to remain low from a historical perspective. Most is expected to soften over the next regions of the province toward morefrom balance between month. supply and The supply of homes forhave sale begun in Apriltrending increased 4 per cent the previous However, several months as potential buyers adjust demand, causing pressure on home prices. total active listingsless on upward the market continue to remain low from a historical perspective. Most bothEconomics their finances andresearch, expectations.” BCREA provides timely analysis and information on economic factors affecting British Columbia and itsand housing markets. BCREA Economics provides timely research, analysis and information on economic factors affecting British Columbia its housing markets. regions of the province have begun trending toward more balance between supply and Year-to-date, BC residential dollaron volume down 6.7 per cent to $19.9 billion, demand, causing less upwardsales pressure homewas prices. The supply ofColumbia homes for sale in April increased The British Columbia Real Estate Association (BCREA) is the is the 4 per cent from the previous month. However, The British Real Estate Association (BCREA) Send sales questions and comments aboutabout the Housing Forecast to: to: Send questions and comments the Housing compared with theforsame period in 2017. in Residential unit decreased 11.8 per cent to Forecast BC, professional association more than 20,000 REALTORS BC, professional association for more than 20,000 REALTORS total active listings on the market continue toinremain low from a historical perspective. Most Cameron Muir, Chief Economist, Muir, Chief Economist, 27,135 units, while the residential price wasCameron up 5.7 per cent to $731,661. Year-to-date, BCissues residential dollar volume was down 6.7 per cent to $19.9 billion, focusing on thataverage impact real MLS® estate. Working with with focusing on provincial issues that sales impact real estate. Working regions ofprovincial the province have begun trending toward more balance between supply and cmuir@bcrea.bc.ca; 604.742.2780 cmuir@bcrea.bc.ca; 604.742.2780 the province’s 11 real estate boards, BCREA provides continuing compared with the same period in 2017. Residential unit sales decreased 11.8 per cent to the province’s 11 real estate boards, BCREA provides continuing demand, causing less upward pressure on home prices. Brendon Ogmundson, Economist, Brendon Ogmundson, Economist, professional education, advocacy, economic research and professional education, advocacy, economic research and 27,135 units, while the average MLS® residential pricebogmundson@bcrea.bc.ca; wasbogmundson@bcrea.bc.ca; up 5.7 per cent to604.742.2796 $731,661. 604.742.2796 provide value value for their standard formsforms to help provide for clients. their clients. standard toREALTORS help REALTORS -30Year-to-date, BC residential sales dollar volume was down 6.7economics pereconomics cent toinformation $19.9 billion, Additional information is available on on Additional is available For more information, please contact: To 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. compared with the same period in 2017. Residential unit sales decreased 11.8 per cent to BCREA’s website at: www.bcrea.bc.ca. of LifeofinLife BC Muir communities, BCREABCREA supports policies that help Cameron in BC communities, supports policies that help-3027,135 units, while theprovide average MLS® residential priceTowas upfor5.7 pernews cent to $731,661. ensure economic vitality, provide housing opportunities, preserve ensure economic vitality, housing opportunities, preserve Chief Economist sign BCREA releases by email visit: visit: Toup sign up for BCREA news releases by email For more information, please contact: NOTE: The Northern Lights Lights Real Estate Board (NLREB) became part ofpart the South Real Estate Board (SOREB) on January 1, 2011.1, 2011. NOTE: The Northern Real Estate Board (NLREB) became of the Okanagan South Okanagan Real Estate Board (SOREB) on January *Excluding Northern Lights Lights *Excluding Northern

the environment, protect property owners and build betterbetter www.bcrea.bc.ca/news-and-publications/publications/ the604.742.2780 environment, protect property owners and build www.bcrea.bc.ca/news-and-publications/publications/ Direct: Cameron Muir manage-subscriptions. communities with good schools and safe neighbourhoods. manage-subscriptions. communities with good schools and safe neighbourhoods. Mobile: 778.229.1884 Chief Economist -30Email: cmuir@bcrea.bc.ca Direct: 604.742.2780 For more information, please contact: Mobile: 778.229.1884 Cameron Muir 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, Email: 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. Reprinted with permission.” Chief Economist BCREA makes no guarantees as to the accuracy orW, completeness of this information. 1420BCREA – 701 Georgia Street Box 10123, Pacific Centre, Vancouver, BC V7Y 1C6 makes no guarantees as to the accuracy orPO completeness of this information. 2 2 Direct: 604.742.2780 |Fax:604.683.7702 James Palanio | 10123, President-Elect Michael bcrea@bcrea.bc.ca (tel) 1420 -President 701 Georgia Street Street West, PO BoxPO 10123, Pacific Centre,Centre, Vancouver, BC Trites V7YBC 1C6 604.683.7702 | Fax:| 604.683.8601 | Email: bcrea@bcrea.bc.ca 1420 - 701 Georgia West, Box Pacific Vancouver, V7Y |1C6Phone: | | Phone: 604.683.7702 604.683.8601 | Email: bcrea@bcrea.bc.ca Mobile: 778.229.1884 Past President Jim Stewart | CEO Darlene K. Hyde | www.bcrea.bc.ca | 604.683.8601 (fax) 1420 701 Georgia Street W, PO Box 10123, Pacific Centre, Vancouver, BC V7Y 1C6 Email:– cmuir@bcrea.bc.ca ®

President James Palanio Past President Jim Stewart

| |

President-Elect Michael Trites CEO Darlene K. Hyde

| |

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

| |

604.683.7702 (tel) 604.683.8601 (fax)

1420 – 701 Georgia Street W, PO Box 10123, Pacific Centre, Vancouver, BC V7Y 1C6

Vernon

*Personal Real Estate Corporation

President James Palanio Past President Jim Stewart

| |

President-Elect Michael Trites CEO Darlene K. Hyde

| |

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

| |

604.683.7702 (tel) 604.683.8601 (fax)

OkanaganHomes.com | 250.549.7050

East Hill

Harwood

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13, 1700 Deleenheer Road

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Coldstream

Commonage

4858 Salmon River Road

11407 Tassie Drive

238 Kalamalka Lakeview Drive

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Barb Williamson* Priscilla Sookarow REALTOR®/Managing Broker

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