VERNON & AREA
Armstrong Enderby Lumby
This listing is proudly presented by
Priscilla & Company On 0.97 acres this property can remain one large lot or be subdivided into 3 pieces. Quick Possession & Subdivision approvals in place! Call 250-549-7050 or visit www.OkanaganHomes.com
Issue 38 • July 13 - July 26, 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
Gord Fowler
Jacquie Friesen
Roger Gates
Marty Gilbert*
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Connor Hutchinson
Kate Kessler
Christie King
Heidi Klein*
John Kristian*
Tracy Lauriente
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Armstrong
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2555 Pleasant Valley Blvd 5405 26 Street Armstrong, BC V0E1B0 Vernon, BC V1T 7G4 250.546.3119 250.503.3477
RE/MAX Vernon
North Valley
Lumby
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Vernon
Krista Blankley* Landon Bootsma Shelby Bouchard RE/MAX Vernon
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Tannis C. Lavik V. Charlette Lavik RE/MAX Armstrong
Shane McMorran* Robert Moorhouse
RE/MAX Armstrong
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RE/MAX Vernon
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Lisa Salt*
Chris Santos
Beate Schmidt
Alan Stier
Dawn Taylor*
RE/MAX Vernon
Brent Stevenson RE/MAX Vernon
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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
Brad Marsh
Managing Director Each office independently owned and operated.
*Denotes Personal Real Estate Corporation
Norm Brenner* RE/MAX Vernon
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We hope you enjoy our magazine brought to you by the RE/MAX REALTORS of the North Okanagan and Silver Star Media Inc. ®
®
To see your home advertised here call one of these RE/MAX agents today.* ®
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Each office independently owned and operated.
4 NEW: 1709 33 Street, Vernon
0
,00
29
$4
Another quality Parsons Family Homes build. Georgie Award winning kitchen, rich fir doors and finishings to name a few. Every inch of this fully finished home and property is well thought out. Lower level could be suited if desired. Compact yard is fully fenced and irrigated. MLS®10163256
NEW: 9801 Silver Star Road
0
,90
9 69
$
Tucked in at the end of Spencer Lane and first time on the market. One owner, custom Silver Star log ski cabin is a rare find and ready for summer! Two story walkout home offers a great revenue option one bedroom suite with separate entrance. Seamless ski in/out from Attridge run out. Never rented, no GST. MLS®10162991
NEW: #11 635 Monashee Road
00
9,9
4 $6
xcellent value in this quality Parsons Family Homes townhome in Silver Views. An exceptionally run 11 unit strata opportunity. Built with attention to detail and energy efficiency, this well maintained town home has a few more upgrades and boasts one of the largest floor plans in the complex. Never rented and no GST. MLS®10163433
Kathy Broderick
RE/MAX Vernon
250.309.1167
Personal Real Estate Corporation www.broderickrealestate.ca
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.
New tenancy laws have you confused? Trust the Professionals Residential & Commercial Property Management RE/MAX® Commercial is part of the RE/MAX® global network of nearly 100,000 real estate professionals in more than 75 countries. Located in the beautiful North Okanagan & Shuswap areas of B.C., RE/MAX Commercial Solutions is proud to offer professional services in the areas of Commercial and Residential Property Management Services, Rentals, Leasing as well as, a Commercial Brokerage for Investors and end users of any size.
S O L U T I O N S
phone: 250.503.3477 toll free: 1-855-503-3477 www.GlobalWestCommercial.com
YOURREALESTATEPAGES.COM | 5 #84 124 Sarsons Road, Vernon
S
O
LD
· 3 Bdrms + Den, 3 Baths · 55+ gated community of Quail Run · Quartz kitchen counter tops, vaulted ceiling, hardwood flooring. · Open living area · Lots of storage · Move in Ready MLS 10162720 $559,000
JANE FIELD
that will move you RRS
Registered Relocation Specialist
La ke
Vi ew s
7290 Longacre Drive, Vernon
O ka na ga n
Cell 250.938.2830 Office 250.503.3755 Toll Free 1.888.503.3755
Experience
· 3 Bdrms, 3 Baths · Very clean 3 level split · In ground swimming pool · Very private backyard, pasture behind. MLS 10154354 $599,900
jane@vernonrealestate.ca Vernon
Thinking of Selling? Call me for a FREE market evaluation* *Some restrictions apply
5603 - 27th Street Vernon, BC V1T 8Z5
250.938.2830
The sign you want The Agent you need. TheRightAgents.com
Business & Farm
Home & Travel
Auto & RV
All Insurance Services We provide protection options as unique as you are. 250-545-5311 www.jmins.com
3923 32 St. Vernon, BC V1T 5P2 Monday thru Friday: 7:30-5:30, Saturday: 9:00-5:00
@RightAgents
TheRightAgents
6
250.309.0039 chris@chrisholm.ca
Brenda Ellis
Brent Stevenson
Shelby Bouchard
REALTOR®
REALTOR®
250.549.0023
250.309.9969
250.308.4310
REALTOR®
#1 3535 Wood Avenue
$509,900
2215 + 2225 Wilson Avenue
Diane Callbeck Client Care
Yania Greenaway Admin Assistant
(unlicensed)
$559,900
(unlicensed)
3314 McKechnie Drive
Kendra Scarrott Admin Assistant
(unlicensed)
$629,900
New Price
Open House: July 15, 1:30pm - 3:30pm Hosted by Shelby Bouchard Enjoy this 1,836 sq.ft. 3 bdrm, 2.5 bath, plus office/sitting area in a quiet bare land strata just off Wood Ave. Bright, open plan living area features large picture window and maple floors. Gourmet kitchen features custom dark wood cabinets, walk-in pantry, granite centre island w/ breakfast bar, plus stainless steel appliances. Attached double garage and fully landscaped yard with covered patio. MLS 10163118
205 Salmon Arm Drive
$399,900
Open House: July 15, 1:30pm - 3:30pm Hosted by Brent Stevenson
Open House: July 15, 1:30pm - 3:30pm Hosted by Brenda Ellis
Quality, Luxury, Location! Welcome to Wilson Ave & these well-planned 2392 sq.ft., 4 bdrm, 3 bath single family homes which includes a legal 1 bdrm, 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
This wonderful home has lots of room to grow in a very safe and family-friendly neighbourhood with spectacular views. With 4 bdrms and 4 bath over 3,473 square feet, the home has an open floor plan throughout the living room, dining room and kitchen. Country feel but minutes from downtown Armstrong and 15 minute drive to Vernon. Totally landscaped and irrigated yard with great views and fruit-bearing plants. MLS 10161159
750 Firwood Road
New Price
Totally renovated inside and out, this 3 bdrm, 2 bath home is move in ready and has so much potential with the large .41 acre lot, and all approvals in place to subdivide. Inside the main floor is open concept with a large kitchen including eating bar island, spacious living room and cozy dining area. Adding to the character of this property is the 25 x 24 Barn/Shop with lane access for all your toys. MLS 10162820
4304 Schubert Road
$999,000
$479,900
4972 Schubert Road
New
Brand new craftsman home in the heart of Valley of the Sun. 3 bdrm, 2 bath, and 1,500 square feet of main level living with bright, open-concept for entertaining and designed to enjoy the peace and tranquility of this hidden gem of a neighbourhood. Fantastic attention to detail with beautiful timber frame accents and extensive use of cedar detail. GST INCLUDED, PROPERTY TRANSFER TAX EXEMPT! MLS 10163258
1294 Galiana Road
$1,078,000
New Price
Spectacular views from this 1,448 sq.ft. 3 Bdrm, 2 bath, 1.5 story home on a 20-acre parcel just north of Armstrong in a quiet rural neighbourhood. Year round running creek, approx. 7 acres of flat land as well as a sloping treed site; perfect for outdoor enthusiasts. Spacious living room w/ vaulted cedar ceilings & cozy wood stove open to the kitchen/dining area, offering views of the mountains from every window. MLS 10159621
4384 Walbridge Road
New
This 3,795 square foot residence on 9.3 picturesque acres supplies generous living and play spaces in a private, country setting. With 6 bdrms and 4 bath over 3 floors, there is plenty of room for family living and Bed & Breakfast guests, each room with unique geometry and a charming atmosphere. There’s an above-ground pool, firepit area, covered deck, and patio area. Full RV hook up. MLS 10162996
Vernon
Quality craftsmanship is at the heart of this custom built 3 bedrooms, 4 bath property. Which offers a natural setting with breathtaking views of the Okanagan Valley and the City of Vernon. A professionally landscaped garden with an exquisite water feature make this an ideal sanctuary just under 1 acre. Created in the spirit of Frank Lloyd Wright, the home invites the outdoor natural beauty in on all sides via the large windows & strategic use of natural finishes. MLS 10162761
$725,000
$1,342,500
New Price
Custom built 4 bdrm, 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. Amenities are too many to name, including outdoor pool, hot tub, steam shower, wet bar, games room, and wine room. Minutes from both Armstrong and Vernon. MLS 10161525
ChrisHolmRealEstate.ca
YOURREALESTATEPAGES.COM | 7
Deb
Judy
REALTOR®
REALTOR®
Deveau
Fischer
Your Key to the North Okanagan
$275,000 3468 Mabel Lake Road, Enderby Call The Key Team at RE/MAX North Valley - MLS10158354
ke el La Mab
$839,000
90 Mat Road, Enderby
Call The Key Team at RE/MAX North Valley - MLS10163563
Lundquist*
908 George St. Enderby, BC
nt rfro Riveondo C
ew evi Lak Lot
mic ora PanView
Bonita
1-888-609-7764 250-838-0025
$149,900 109 Dolly Varden Road, Enderby Call The Key Team at RE/MAX North Valley - MLS10158460
REALTOR®
North Valley
*Personal Real Estate Corporation
t men elop al Dev otenti P
$310,000 #15-303 Regent Ave., Enderby Call The Key Team at RE/MAX North Valley - MLS10148790 ome Log H
$890,000 24 Rohan-Peters Road, Enderby Call The Key Team at RE/MAX North Valley- MLS10138953
$274,500 209 Bass Avenue, Enderby .297 acres in town on city services. 2 Bedroom, 1 Bath. Home is currently rented out, full potential is in the lot size. Keep as is, or develop to its full potential. (Bonus: Use of 2nd residence until the back 6.87 acres sells or develops.) Call Bonita Lundquist 250-306-8184.- MLS10157839
The sign you want The Agent you need.
TheRightAgents @RightAgents TheRightAgents.com
DonKassa
REALTOR ÂŽ SERVICES
250.549.4161 www.DonKassa.com donkassa@donkassa.com At the Strand Lakeside Resort - a third floor 2 bedroom, 2 bath corner unit. Nicely finished and fully furnished. The kitchen has tile floors, granite counters, and a breakfast bar. In unit laundry. Affordable lakeshore lifestyle living with dedicated beach area, pool, and hot tub. Underground parking spot and a storage locker. Close to public parks, public boat launch, shopping, schools, and more. This unit may be converted to allow for full time occupancy with payment of the GST and a one time payment to the City of Vernon. MLS#10163128
NEW
#2305 7343 Okanagan Landing Rd.
$308,000
A top quality custom lakeview home on a premium lot in the Foothills. Views of the city, lakes, and valley. Master bedroom plus 2 other bedrooms, all with their own full ensuite baths. Open floor plan with south facing panoramic view with large picture windows. Home has deluxe custom cabinetry and designer LED lighting throughout. All interior & exterior walls and floor are insulated for sound proofing. Timber frame beams inside extend to the decks, with 14' tongue & groove pine ceilings. Too much to list, home must be seen. MLS#10163232
NEW
7135 Apex Drive
One bedroom unit in the Lodge at Predator Ridge. This is a great opportunity to own at Predator Ridge. Nice covered deck. A pool, hot tub, and barbeque are in the complex. Predator Ridge Golf Resort boasts a wide array of amenities, including Pallino's Restaurant, the Commonage Market, a Community Recreation area, tennis courts, yoga and fitness facilities, and children's play area. Predator Ridge is renowned for its two 18 hole championship Golf courses, world class practice facility, and an award winning golf academy. MLS#10162943
NEW
#224 105 Village Centre Court
$189,800
$749,000
#3 7906 Kirkland Drive
$414,900
$798,000 Drop dead gorgeous and thoughtfully finished interior on this like-new home with no GST payable. Home is at the end of the lane and located adjacent to a treed ravine for additional privacy. Enjoy sweeping views of the Valley, City and North towards Swan lake from the large covered deck. High end stainless appliances, granite counter tops and island, solid acacia hardwood throughout the main level and polished concrete on lower level. 3 bdrms + 1 bdrm suite which could be converted back to add a 4th bdrm. MLS#10161705
989 Mt Ida Lane
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. Outside this home boasts waterproof coverings on front and back patios. This property has access to tennis courts, pools, hot tubs , private beaches, a gym and a childrens play area. If you are looking for year round enjoyment, a place to get away or a proven investment property, The Outback has it all! MLS#10156437
#116 9845 Eastside Road
$1,168,000 A lakeshore townhome on Kalamalka Lake. Great location with a private sandy beach, a large green space and a dock. The Strata complex is small and well-maintained, with extensive exterior upgrades done by Keith Construction in 2012. Kitchen, living, dining, and powder room all on the entry level, with a generous Master, the second bathroom, and a full bath on the second level. The living room has sliding glass doors to the lake view deck. There is a small park nearby with a quality children's play area. MLS#10162163
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 bedrooms plus a den, 4 bathrooms, a formal dining room, living room, family room, rec/games room, 2 laundry rooms, and a large storage area. Located in a great neighbourhood and friendly community, which is quiet, private and secure. MLS#10161387
9286 Kokanee Road
Vernon
$799,800 On Kalamalka Lake, a three bedroom lakeshore home on a level 0.33 acre fenced lot with a wharf. Effectively a near new home having been completely rebuilt internally, once in 2000 by Bercum Builders and again in 2011 by Keith Construction. Situated on a deep, level lot with nice yard areas and 92 feet of waterfront. The covered lakeview patio has a fireplace, the home features a sauna, a large brick barbecue area and new landscaping. Close to Alexander's Beach Pub, tennis courts, and a children's playground on Kirkland Drive. MLS#10148685
8506 Kalavista Drive
Please visit our website www.DonKassa.com
$1,894,000
RE/MAX In the North Okanagan 250.549.4161
Open Houses Sunday, July 15th 12:00 - 2:00pm 3808 Ridgemount Court
Welcome to Turtle Mountain Estates where the views are endless and the Grey Canal walking trail and Rocky Ridge Park are right out your backdoor! Immaculate landscaping with stunning colorful gardens & large backyard for your pets. Brought to you by:
RE/MAX Priscilla 250.549.7050
Sunday, July 15th 12:00 - 2:00pm 867 Mt Bulman Place
City at the front-Country at the back! From this quiet cul-de-sac in a well-established Middleton Mountain neighbourhood, your backyard opens to McKergow Meadows- reserved for nature and wildlife.
RE/MAX Priscilla 250.549.7050
Sugar Lake Recreational Properties keeps getting better! Come out and view the resort including the newest addition, the floating dock and boat slips. Lots starting at $44,500 Brought to you by:
Brought to you by:
$864,900 MLS® 10162825
Sat + Sun., July 14th-15th 1:00-3:00pm 1681 Sugar Lake Road
$649,000 MLS®10162535
Heidi Lussi Real Estate Team 250.503.3487
The
Sunday, July 15th 1:30 - 3:30pm #1 3535 Wood Avenue
Sunday, July 15th 1:30 - 3:30pm 2215 + 2225 Wilson Avenue
Sunday, July 15th 1:30-3:30pm 3314 McKechnie Drive
Enjoy this 1,836 sq.ft. 3 bdrm, 2.5 bath, plus office/sitting area in a quiet bare land strata just off Wood Ave. Quality and attention to detail throughout. Bright, open plan living area features large picture window, and maple floors.
Quality, Luxury, Location! Welcome to Wilson Ave & these well-planned 2392 sq.ft., 4 bdrm, 3 bath single family homes which includes a legal 1 bdrm, 1 bath suite.
This wonderful home has lots of room to grow in a very safe and family-friendly neighbourhood with spectacular views. 4 bdrms and 4 bath. Over 3,473 square feet.
Brought to you by:
Shelby Bouchard 250.309.0039
Brought to you by:
$509,900 MLS® 10163118
Brent Stevenson 250.309.0039
$559,900 MLS®10158532 MLS®10158523
Brought to you by:
Brenda Ellis 250.309.0039
Open Houses Online: www.YourRealEstatePages.com
$629,900 MLS®10161159
10
We are NEVER too busy for your referrals
Steve Wikkerink REALTOR® Heidi Lussi PREC Beate Schmidt REALTOR®
The
Heidi Lussi Real Estate Team
www.heidilussi.com | 250-503-3487 | info@heidilussi.com 1681 Sugar Lake Road Open House
8239 Okanagan Landing Rd.
New Price
#201 3705 30th Avenue
Lots starting at $44,500 Sugar Lake Recreational Properties keeps getting better! OPEN HOUSE, come out and view the resort including the newest addition, the floating dock and boat slips. Saturday July 14th: 1:00pm – 3:00pm Sunday July 15th: 1:00pm – 3:00pm
New
65ft of Okanagan Shoreline! Great property on Okanagan Lake with an older home that needs TLC, or build a new home the way you like it! Rare opportunity at this price! MLS®10158882
$240,000 Great downtown location. This 2 Bedroom, 2 bath unit is on the 2nd floor and has a large covered balcony. Mature trees in front provide additional privacy. Some Features include new laminate flooring and a beautiful natural gas fire place. This price includes 5 appliances! Other amenities include secure underground parking and storage locker. MLS®:10162813
6325 Old Kamloops Road
$849,000
$1,595,000 12.86 acres, gently rolling, cultivated, irrigated. 3680 sqf of quality living with high end finishing throughout. 4 car covered parking, detached insulated,heated shop, engineered pole barn. Private setting, not a drive by, incredible view, enjoy the 120 acres of Swan Lake Nature Reserve Park just 2 driveways over. MLS®10156132
e-Editions available online YourRealEstatePages.com
@REPVernon
Vernon
Vernon Real Estate Pages
YOURREALESTATEPAGES.COM | 11 5301 27 Avenue, Vernon g tin t Lis oun w Ne estm W
$339,000
Incredible INVESTMENT or AFFORDABLE HOME buyer opportunity in a great location with this 3 bedroom, 2 bath home with proximity to transit, shopping, and schools. Cozy wood burning fireplace and a walk-out level patio. Upper level offers an open living area with another wood burning fireplace, 2 more bedrooms, one 4 piece bath and a large, newly built partially covered deck. Fully fenced backyard. MLS速 10163761
2103 27 Crescent, Vernon g tin Lis Hill w Ne East
$519,000
6547 Blackcomb Place, Vernon
Fo
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$739,000
Beautifully finished, this West Coast Contemporary designed, five bedroom, three bathroom Foothills home offers open concept living with vaulted ceilings opening onto a large deck with expansive pastoral and lake views, perfect for entertaining. Large windows allow for maximum natural light that infuses the living area. Quick possession possible. MLS速 10162436
6322 Freeman Drive, Coldstream
Co
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e str
am
$429,000
For more information please visit www.remax.com
This charming home offers affordable, one level living in a rural setting. The large lot showcases a mature landscaped yard complete with beautiful gardens, garden shed and ample room for RV parking. The main level interior has a pleasant open living area that opens onto the spacious 647 square foot solar lit deck, perfect for barbecuing and entertaining, while downstairs offers a family room with a free standing wood burning fireplace & room for storage. MLS速 10162703
250.550.4203 www.dougcuthbert.com
1977
Personal Real Estate Corporation
Nestled in "The Crescents" of East Hill, this 3 bedroom, 2 bathroom rancher offers proximity to parks, excellent schools, amenities & an easy walk into downtown. Bright & spacious sunroom, 3 bedrooms and bathroom while downstairs there's a family room, another bathroom and a workshop area in the unfinished area. The private backyard is fully fenced with many options for future parking and vehicle access. MLS速 10163000
Expanding Over Thousands of Miles The first regional master franchises are sold in the U.S., several of them in the Midwest. In Calgary, Don Fernie purchases the first Canadian franchise.
Vernon
12 2639 Balsam Lane, Lumby
O: 250-549-4161 C: 250-938-2604 doncowan@remax.net
Don Cowan
New
MLS 10163748
Vernon
7331 Longacre Drive, Vernon
g
w Ne
$229,900
2629 Balsam Lane, Lumby New
in st Li
Chrysta Cleverley Personal Real Estate Corporation
250-309-1296
MLS 10163703
$299,900
1098 Highway 6, Cherryville New
chrystacleverley@remax.net MLS 10163104
Outstanding Lake View!
$224,000
7220 Lakeridge Place, Vernon,
Great family home with gorgeous landscaping and incredible view of Okanagan Lake. 4 bedrooms ( could be 5), 3 baths, 2 fireplaces, vaulted ceiling, central air, U/G sprinklers and more. A little updating would do wonders.
New Price
$540,000
MLSÂŽ 10163357
With over 30 years selling Real Estate in Vernon, I know the market.
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.
Vernon
MLS 10162316
$699,000
Your Ad Here 250.545.8858
www.YourRealEstatePages.com Vernon Real Estate Pages
@REPVernon
YOURREALESTATEPAGES.COM | 13
East Hill
Vernon Lot
In-law suite or rental investment property. 2 bdrm, 1 bath up. 2 bdrm, 1 bath down.
Ideal development for a 40 unit condo or Apartment style Building. Zoned RH3
1801 Pottery Road
509 Kalamalka Lake Road
www.your5starteam.com MLS速 10153165
MLS速 10161601
Offered at $429,500
Offered at $1,200,000
Cliff Wenger REALTOR速
P. 250.549.4161 C. 250.309.0289 TF. 1.800.667.2040 cliff@your5starteam.com
Tammy Stein REALTOR速
P. 250.549.4161 C. 250.306.9974 TF. 1.800.667.2040 tammy@your5starteam.com
Vernon
e-Editions available online YourRealEstatePages.com
@REPVernon
Vernon Real Estate Pages
BCREA HOUSING FORECAST UPDATE BCREA HOUSING FORECAST UPDATE
February 20172017 February
14
HoH u so iunsgi nFgo rFeocr ae sc ta sStu m r ya r—y F—i r Fs itr sQtu Q a rutaerrt e r S ummam Unit Sales Unit Sales
® ($) Average MLS®MLS Price Average Price ($) 2016 2016 2017F2017F 2018F2018F 2016 2016 2017F2017F 2018F2018F BoardBoard Area Area 10,028 9,2509,250 8,5008,500 585,745 10,028 585,745 599,000 599,000 608,000 608,000 Victoria For immediate release For immediate release Victoria 27.5% -7.8% -8.1% 12.3% 2.3% 1.5% 27.5% -7.8% -8.1% 12.3% 2.3% 1.5% Mortgage Policy Changes Hit Affordability Hard 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%26.6% -10.7% 12.8%12.8% 3.3% 3.3% 1.5% 1.5% -10.7% Hit-6.9% -6.9% Mortgage Policy Hit Affordability Hard Mortgage Policy Changes Affordability Hard$288,000 For immediate Vancouver, BCrelease – June 15,Changes 2018.417 The417 British Columbia Real Estate$284,471 Association (BCREA) reports 390 345 345 $291,000 390 $284,471 $288,000 $291,000 Powell RiverRiver Sunshine CoastCoast Sunshine -6.5%-6.5% -11.5% 15.3%15.3%Listing 1.2%Service® 1% 1% that Powell a total of 8,837 residential9.4% unit sales were recorded by the Multiple (MLS®) 9.4% -11.5% 1.2% 40,880 34,000 35,750 1,017,228 942,000 963,000 Vancouver, BCacross –Greater JuneVancouver 15,province 2018. The British Real Estate (BCREA) reports Vancouver, BC – June 15, 2018. The British Columbia Real35,750 Estate Association (BCREA) reports 40,880 34,000 Association 1,017,228 942,000The 963,000 the May, aColumbia 28.7 per cent decrease the same month last year. Mortgage Policy Changes Hitfrom Affordability Hard Greater Vancouver in -5.2% -16.8% 5.1%by 12.7%12.7%Listing -7.4% 2.2% -5.2% -16.8% 5.1% -7.4% that a total of 8,837 residential unit sales were recorded by the Multiple Listing Service® (MLS®) that a total of 8,837 residential unit sales were recorded the Multiple Service® (MLS®) average MLS® residential price23,086 in BC was $739,783, down 1.7 per cent from$657,000 May 2017. $668,000 Total2.2% 19,700 18,900 23,086 19,700 18,900 $676,946 $676,946 $657,000 FraserFraser Valley across the province in May, a 28.7 was per cent thecent samefrom month last year. The last across the province in May, adecrease 28.7 perafrom cent decrease the same month year. The1.7%$668,000 Valley sales dollar volume $6.54 billion, 30-14.7% per from May 2017. 15.1% -4.1% 17.2% -2.9% 15.1% -14.7% decline 17.2% -2.9% reports 1.7% Vancouver, BC – June 15, 2018. The British Columbia Real-4.1% Estate Association (BCREA) average MLS® residential price in BC wasprice $739,783, down 1.73,400 per cent from 2017. Total average MLS® residential in BC was $739,783, down 1.7 May per cent from May$416,000 2017. $428,000 Total 4,306 3,400 3,100 $397,911 $416,000 4,306 3,100 $397,911 $428,000 that a total of 8,837 residential unit sales were recorded by the Multiple Listing Service® (MLS®) Chilliwack and District Chilliwack and District -8.8% 18.4%18.4% 2.9% 2.9% sales dollar volume was $6.54 billion, 30 per37.2% cent decline from 2017. saleshome dollar volume wasa$6.54 billion, a 30 -21% per centMay decline from May 2017. 4.5% 4.5% 37.2% -21% -8.8% “BC continued in across thesales province in May,toaslow 28.7 per cent2,870 decrease from the same month last 355,000 year. The 3,1813,181 2,7002,700 345,528 362,000 2,870 345,528 355,000 362,000 Kamloops and District May because ofresidential more stringent Kamloops and District average MLS® price23.6% in BC was $739,783, 1.7 per5.9% cent5.9% from May 2017. Total -9.8%-9.8% down -5.9%-5.9% 2.7% 2.7% 2% 2% 23.6% “BC home salesqualifications continued tofor slow in “BC home sales continued to slow in conventional 8,6008,600 10,036a 308,400 $461,791 $468,000 $476,000 $476,000 sales dollar volume was $6.5410,036 billion, per8,400 cent decline from$461,791 May 2017.$468,000 Okanagan Mainline Okanagan Mainline May because ofborrowers,” more stringent May because of more stringent 25.6%25.6% -16.3% 2.4% 2.4% 13.1%13.1% 1.3% 1.3% 1.7% 1.7% said Cameron Muir, -16.3% 2,4592,459 2,0502,050 1,9751,975 $364,295 qualifications for conventional qualifications for conventional $364,295 $351,000 $351,000 $356,000 $356,000 BCREA Chief Economist. “The changes Southhome Okanagan* South Okanagan* “BC sales continued to slow in 21.6% -16.6% -3.7% 11.3% -3.6% 1.4% 21.6% -16.6% -3.7% 11.3% -3.6% 1.4% borrowers,” said Cameron Muir, borrowers,” said Cameron Muir, in mortgage are stringent taking their toll May becausepolicy of more 260 260 285 285 325 325 $233,363 $233,363 $243,000 $243,000 $248,000 $248,000 Northern Lights BCREA Chief Economist. “The changes BCREA Chief Economist. Northern Lights not“The on housing demand, only changes in British -16.7% 9.6% 9.6% 14% 14% -13.4% 4.1% 4.1% 2.1% 2.1% -16.7% -13.4% qualifications for conventional n mortgage policy are taking their toll in mortgage policy are taking their toll 2,955 2,500 2,575 $282,758 $286,000 $291,000 Columbia, but across the country by 2,955 2,500 2,575 $282,758 $286,000 $291,000 borrowers,” Kootenay Kootenay said Cameron Muir, 18.2% -15.4% 3% 3% 2.7% 2.7% 1.1% 1.1% 1.7% 1.7% on housing demand, nothousehold only in British 18.2% -15.4% on housing demand, not only in British reducing purchasing power BCREA Chief Economist. “The changes 4,069 4,1004,100 4,2504,250 $263,703 4,069 $263,703 $265,000 $265,000 $269,000 $269,000 Columbia, but and across country by the country Columbia, but across by BC Northern BC the Northern housing affordability.” in mortgage policy are taking their toll 0.8% 0.8% -3.4%-3.4% 3.7% 3.7% -0.4%-0.4% 0.5% 0.5% 1.5% 1.5% reducing household purchasing power reducing household purchasing power 95,770 112,209 96,345 96,345 95,770 691,144 691,144 657,026 657,026 666,657 666,657 on housing demand, not only112,209 in British BC Total BC Total and housing affordability.” and housing affordability.” -14.1% -0.6%-0.6% 8.6% 8.6% -4.9%-4.9% 1.5% 1.5% 9.5% -14.1% While the decline in consumer 9.5% demand
For immediate release
Columbia, but across the country by NOTE: The Northern Lights Lights Real Estate Board (NLREB) became part ofpart South Real Estate Board (SOREB) on January 1, 2011.1, 2011. NOTE: Thethe Northern Real Estate Board (NLREB) of the Okanagan South Okanagan Real Estate Board (SOREB) on January has lifted inventory of homes forbecame sale,thetotal active residential listings in the province are still reducing household *Excluding Northern Lights Lights purchasing power *Excluding Northern While the decline in consumer demand While the decline in consumer demand relatively lowaffordability.” by historical comparison. and housing has lifted the inventory homes for sale, total active residential listings in the province are still has liftedof the inventory of homes for sale, total active residential listings in the province are still BCREABCREA Economics provides timelytimely research, analysis and information on economic factorsfactors affecting BritishBritish Columbia and itsand housing markets. Economics provides research, analysis and information on economic affecting Columbia its housing markets. relatively low by historical comparison. relatively low by historical comparison. Year-to-date, BC residential sales dollar volume was down 13.8 per cent to $26.4 billion, While the decline in consumer demand The British Columbia Real same Estate Association (BCREA) is the is the The British Columbia Real Estate Association (BCREA) compared with the in 2017. decreased per cent to Sendsales questions and comments about the Housing Forecast to: to: Send questions and comments about the Housing has lifted the inventory ofperiod homes for sale,Residential total activeunit residential listings in16.6 the province are Forecast still in BC, professional association for more than 20,000 REALTORS Year-to-date, BC residential sales dollar volume was down 13.8 per cent to $26.4 billion, Year-to-date, BC residential dollar volume was down 13.8 perper cent to to $26.4 billion, in BC, professional association for moresales thanMLS® 20,000 REALTORS 35,976 units, while the average residential price was up 3.4 cent $733,616. Cameron Muir, Chief Cameron Muir, Economist, Chief Economist, relatively low by issues historical comparison. focusing on provincial that impact real estate. Working with with focusing on provincial issues that impact estate. Working compared withcompared the same period insame 2017. Residential unit sales decreased 16.6decreased per cent to16.6 per cent to with the period inreal 2017. Residential unit sales cmuir@bcrea.bc.ca; 604.742.2780 cmuir@bcrea.bc.ca; 604.742.2780 the province’s 11 real11estate boards, BCREABCREA provides continuing the province’s real estate boards, provides continuing 35,976 units, while theunits, average MLS® price was up 3.4 perBrendon centBrendon to $733,616. 35,976 while the residential average MLS® residential price was up 3.4 per Economist, centEconomist, to $733,616. Ogmundson, Ogmundson, professional education, advocacy, economic research and professional education, advocacy, economic research and Year-to-date, BC residential sales dollar volume was down 13.8 per cent to $26.4 billion, bogmundson@bcrea.bc.ca; 604.742.2796 bogmundson@bcrea.bc.ca; -30- unit sales decreased 16.6604.742.2796 provide value value for their standard formsforms to help provide for clients. their clients. standard toREALTORS help REALTORS compared with the same period in 2017. Residential per cent to For more information, please contact: Additional economics information is available on on is available 35,976 units,thewhile the average MLS® price wasAdditional up 3.4 economics per centinformation to $733,616. To demonstrate profession’s commitment to improving Quality To demonstrate the profession’s commitment toresidential improving Quality -30-30BCREA’s website at: www.bcrea.bc.ca. BCREA’s website at: www.bcrea.bc.ca. Cameron Muir of LifeofinLife BC in communities, BCREABCREA supports policies that help BC communities, supports policies that help For more information, please contact: For more information, please contact: Chief Economist ensure economic vitality, provide housing opportunities, preserve ensure economic vitality, provide housing opportunities, preserve ®
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Cameron Muir Direct: Cameron Muir protectprotect 604.742.2780 the environment, property owners and build betterbetter www.bcrea.bc.ca/news-and-publications/publications/ the environment, property owners and build www.bcrea.bc.ca/news-and-publications/publications/ -30Chief Economist Mobile: manage-subscriptions. Chief Economist 778.229.1884 communities with good schools and safe neighbourhoods. manage-subscriptions. communities with good schools and safe neighbourhoods. For more information, please contact: Direct: 604.742.2780 Direct: 604.742.2780 Email: cmuir@bcrea.bc.ca Cameron778.229.1884 Muir Mobile: 778.229.1884 Mobile: Chief Economist Email: cmuir@bcrea.bc.ca Email: cmuir@bcrea.bc.ca 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, Direct: 604.742.2780 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.” Mobile: 778.229.1884 BCREA makes makes no guarantees as to the or completeness of this information. BCREA no guarantees asaccuracy to the accuracy or completeness of this information. 2 2 Email: cmuir@bcrea.bc.ca 1420 - 701 Georgia Street West, PO Box 10123, Pacific Centre, Vancouver, BC V7Y 1C6 | Phone: 604.683.7702 | Fax: 604.683.8601 | Email: bcrea@bcrea.bc.ca ®
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1420 - 701 Georgia Street West, PO Box 10123, Pacific Centre, Vancouver, BC V7Y 1C6 | Phone: 604.683.7702 | Fax: 604.683.8601 | 1420 – 701 Georgia Street W, PO Box 10123, Pacific Centre, Vancouver, BC V7Y 1C6
President James Palanio
|
President-Elect Michael Trites
|
bcrea@bcrea.bc.ca
|
Email: bcrea@bcrea.bc.ca
604.683.7702 (tel)
| 10123, CEO K. Hyde | www.bcrea.bc.ca 604.683.8601 (fax) Past President Jim 420 – 701 Georgia W,Stewart PO Box Pacific Centre, Vancouver, BCVancouver, V7Y 1C6| BC 1420 –Street 701 Georgia Street W, Darlene PO Box 10123, Pacific Centre, V7Y 1C6
resident James Palanio | President-Elect Trites | bcrea@bcrea.bc.ca President James Palanio |Michael President-Elect Michael Trites | | CEO Darlene K. Hyde | www.bcrea.bc.ca| | CEO Darlene K. Hyde ast President Jim Stewart Past President Jim Stewart
|bcrea@bcrea.bc.ca 604.683.7702 (tel)| 604.683.7702 (tel) |www.bcrea.bc.ca 604.683.8601 (fax)| 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
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604.683.7702 (tel) 604.683.8601 (fax)
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mls 10162417
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8308 Stoneridge Drive
9734 Eastside Road
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