VERNON & AREA
Armstrong Enderby Lumby
TheRealEstatePages.ca
Issue 6 • Apr 2 - Apr 15, 2017
Tuscan Terraces Starting at $770,000
Cover Home brought to you by Don Kassa See page 8 for more information www.DonKassa.com
Greg Barteluk RE/MAX Vernon
Stefe Brenner* RE/MAX Vernon
Judy Fischer RE/MAX Enderby
Greg Kalyniuk RE/MAX Vernon
Robin Baycroft*
Mike Beck
Glenn Beach
RE/MAX Vernon
RE/MAX Vernon
RE/MAX Armstrong
Kathy Broderick* Christa Cleverley
Don Cowan
Doug Cuthbert*
Ryan Danchuk
Brandy DeBartolo
Don Defeo*
Marty Gilbert* Lawanda Henderson
Chris Holm*
Gord Fowler
Jacquie Friesen RE/MAX Vernon
RE/MAX Armstrong
Don Kassa
Christie King
Heidi Klein*
John Kristian*
RE/MAX Vernon
RE/MAX Vernon
RE/MAX Vernon
RE/MAX Vernon
RE/MAX Vernon
Ken Magel
RE/MAX Enderby
RE/MAX Commercial Solutions
Ashley Prenioslo
Teresa Prince
Dave Pusey*
Claire Radford*
RE/MAX Vernon
Graysen Marsh
RE/MAX Vernon
Elvera Silchenko Priscilla Sookarow Cheryl Soleway
Armstrong
Krista Blankley*
Debbie Fisher
RE/MAX Vernon
Graeme Magee
RE/MAX Lumby
Maria Besso
RE/MAX Lumby
RE/MAX Commercial Solutions
RE/MAX Vernon
Murray Bennetto
RE/MAX Vernon
RE/MAX Vernon
RE/MAX Vernon
Heidi Lussi*
Larry Bennetto
RE/MAX Priscilla
RE/MAX Vernon
Commercial Solutions
2555 Pleasant Valley Blvd 5405 26 St Armstrong, BC V0E 1B0 Vernon, BC V1T 7G4 250.546.3119 250.503.3477 Each office independently owned and operated.
RE/MAX Vernon
Roger Gates
RE/MAX Vernon
RE/MAX Lumby
Lisa Salt*
Brent Stevenson
*Denotes Personal Real Estate Corporation
Woody Kuraoka
RE/MAX Vernon
Tammy Stein
908 George St Box 188 Enderby, BC V0E 1V0 250.838.0025
RE/MAX Vernon
RE/MAX Vernon
RE/MAX Vernon
Enderby
RE/MAX Vernon
Jayme McKillop Shane McMorran*
RE/MAX Vernon
RE/MAX Vernon
RE/MAX Vernon
RE/MAX Vernon
Lumby
2095 Shuswap Ave Lumby, BC V0E 2G0 250.547.9266
RE/MAX Vernon
RE/MAX Vernon
RE/MAX Armstrong
Tracy Lauriente RE/MAX Vernon
RE/MAX Vernon
RE/MAX Vernon
RE/MAX Vernon
Tannis C. Lavik RE/MAX Vernon
Joanne Pappin Rachel Pasemko-Almaas* RE/MAX Vernon
RE/MAX Vernon
Chris Santos
Beate Schmidt
Darlene Scott
Alan Stier
Dawn Taylor*
Avrill Trach
RE/MAX Vernon
RE/MAX Priscilla
Vernon
RE/MAX Vernon
RE/MAX Vernon
RE/MAX Lumby
RE/MAX Vernon
Vernon (Silver Star Office) 5603 27 Street 108-152 Silver Lode Lane Vernon, BC V1T 8Z5 V1B 3W9 250.549.4161 250.549.4161
Shelby Bouchard RE/MAX Vernon
Matthew Bower RE/MAX Vernon
Sandra Bradley* RE/MAX Vernon
Norm Brenner*
Feeling Social? We are. For up-to-date real estate market information, join The Right Agents’ social media network:
RE/MAX Vernon
facebook.com/TheRightAgents Craig Demetrick RE/MAX Priscilla
Deb Deveau RE/MAX Enderby
Denise Dobie* RE/MAX Vernon
Jane Field
RE/MAX Vernon
@RightAgents TheRightAgents.tumblr.com
Connor Hutchinson RE/MAX Vernon
Sid Hutchinson RE/MAX Vernon
Karen Jespersen RE/MAX Vernon
Bev Jones
RE/MAX Lumby
Lisa Salt
pinterest.com/TheRightAgents youtube.com/TheRightAgents
V. Charlette Lavik Barbie LeRoux RE/MAX Armstrong
RE/MAX Vernon
Heather Paulsen
Joe Pearson
Jen Sellar
Carol Shalovelo*
RE/MAX Priscilla
RE/MAX Vernon
RE/MAX Vernon
RE/MAX Vernon
Dan Lochhead
Bonita Lundquist*
Stewart Pearson*
Damian Pighin*
Rodney Shanks
Shawna Sidhu*
RE/MAX Vernon
RE/MAX Commercial Solutions
RE/MAX Vernon
RE/MAX Enderby
RE/MAX Vernon
RE/MAX Vernon
®
Charlie Veaudry* RE/MAX Vernon
Alex Wambold RE/MAX Vernon
Cliff Wenger RE/MAX Vernon
Steve Wikkerink RE/MAX Vernon
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.* ®
Barb Williamson* RE/MAX Priscilla
Kari Wilton RE/MAX Vernon
Brad Marsh
Managing Director *Not intended to solicit properties already listed for sale.
Each office independently owned and operated.
4
The sign you want The Agent you need. Vernon is pleased to welcome Matthew Bower to our team of professionals.
TheRightAgents.com
@RightAgents
TheRightAgents
Matt started in real estate over 19 years ago in New Brunswick, specializing in residential properties as a listing and buyers agent. He took a break from the industry to work for Xerox, a fortune 500 company, in various sales, marketing and management roles. Matt’s love for real estate and the interior of BC created a synergy that drew him back into the industry. He’s very excited to be able to apply his benchmark sales skills, experience and knowledge with RE/MAX. Matt resides with his beautiful wife Erika Bower (Braun) in the charming East Hill neighbourhood of Vernon. He enjoys skiing, boating, traveling and spending quality time with his family and friends. If you’re looking for a REALTOR® with a high level of honesty, knowledge, and professionalism, Matt is your guy.
Matthew Bower 250-549-4161
matt@sellingitright.ca www.sellingitright.ca 8968 Hampshire Cres.
$699,900
Awe Inspiring Lakeview!
Dawn Taylor Personal Real Estate Corporation
DawnTaylor.ca 250-309-4092 Vernon
4216 34 Street
$289,900
Easy walk to shopping
185 Valerian Lane
$948,000
True Ski-In, Ski-Out!
6628 Pleasant Valley Rd.
Lot 19 Muir Rd.
$69,500
$1,700,000
Beautiful Lakeview
Build Your Dream Home
Lot 237 Lakewood Dr.
$85,000
Westshore Estates
2 beds, 2.5 baths, open plan main living, dble garage, beautiful quality built home.
Two bedroom 1 bathroom home on a 60 x 125 lot which is zoned R5
5 beds, 4 baths, heated floors throughout. Timberframe construction.
Fabulous 9.86 acre property bordering Highway 97 at the north end of Vernon.
Beautiful 0.41 acre treed building lot located in the Muir subdivision off of Westside Road.
.63 acre view lot in Westshore Estates as it may be the perfect spot for your dream home.
326/327 Grouse Ave.
591 Nighthawk Ave.
533 Loon Ave.
481 Jay Ave.
427 Hummingbird Ave.
6 /62 Lakeshore Dr.
EW
N
$289,900
Walk to the Beach
1 bed, 1 bath. Nestled in the trees on a quiet street in Parker Cove
$254,900
Waterfront Community
Brand new 2 bedroom plus a den 2 bathroom custom built modular home in Parker Cove.
$324,900
Parker Cove
$314,900
3 bedrooms, 3 bathrooms. Only a 5 minute walk from the beach.
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 norSilver 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.
Brand New Craftsman Style
Beautiful 1300 sqft. rancher w/ 3 bedrooms, 2 bathrooms and a double attached garage.
Personal Real Estate Corporation
$349,900
Looking for New??
3 bedroom, 2 bathroom, 2 story home on a spacious corner lot in Parker Cove.
#1 on the lakefront & #2 directly behind w/ court yard, built in BBQ & hot tub.
250.550.4203 www.dougcuthbert.com
9509 Kalamalka Road, Coldstream
$454,900
SilverStarMedia.ca
$699,900
Two Quality Built Homes
4 bed, 2 bath, 2500+ sqft. family home with energy efficient upgrades, open concept, close to schools. Go to dougcuthbert.com for more pictures & info or call Doug today for a viewing. MLS® 10131157
THEREALESTATEPAGES.CA | 5
#35 & #36 - 3805 Patten Dr, Armstrong
625 Chukar Rd. Vernon
4802-25 Avenue, Vernon
Perfect starter home or investment property in a pleasant and conveniently located neighbourhood. Home is a manufactured home with nice upgrades, 1,497 sq. ft. total with 2 bdrms & 2 baths. Spacious kitchen with island opens to a bright living room with large windows. Master and second bedroom towards the back of the house. Huge yard with detached shop.
Conveniently located 1476sq. ft. 3 Bdrm, 2 Bath duplex. Bright & comfortable living room, plus large kitchen with lots of counter and cupboard space. Dining area offers sliding patio doors opening onto south facing patio overlooking fenced backyard with garden area backing onto the creek. Easy access to bus stop and walking distance to schools and many amenities. Great starter home or investment property.
GST incl & No Property Transfer Tax Elegant and comfortable 1,500 sq ft 3 bed, 2 bath semi-detached single level townhome currently under construction in 55+ Country Lane. Kitchen is well laid out, with island, granite countertops, and open to dining area and luxurious living room with 11 foot ceiling. Covered back patio for outdoor relaxing in all weather. Spacious master bedroom features walk-in closet and 5 piece ensuite.
mls 10130060 & 10130019
$449,000
mls 10130778
$289,900
$229,900
mls 10130768
We believe you should have a listing you’re proud to show the world.
There's a lot more to marketing your home than just listing it on the MLS® − at least if you want top dollar. We go far beyond MLS® to expose your property to the most buyers possible.
Don’t leave $$$ on the table!
Contact us for a FREE Home Evaluation & Information Package.
We have buyers ready to purchase - if your home is a match, contact us.
Buyer 1
Armstrong/Spall/ BX/Coldstream 3 Bdrm rancher w/ garage or shop Price up to $600,000
Buyer 2
Enderby 55+ preferred in Skyline Ridge or Riviera Villas
Buyer 3
Easthill/BX/ Coldstream/ Swan Lake Multi-level, Quiet, Space for garden Price up to $475,000
Buyer 4
Buyer 5
Buyer 6
Easthill/Bella Vista/BX 3+ Bdrms, double garage or carport Price up to $400,000
Armstrong Small store front/ commercial space Price up to $200,000
Vernon or within 25 mins, Max 3 bdrms Price up to $325,000
6
The One Room Sellers Always Forget to Stage
A hot housing market means first impressions are more important than ever. Give your home an advantage by taking the time to spruce it up before you list, and whatever you do, don’t forget to stage this important space.
Don’t Neglect the Basement
A basement chock full of your disorganized piles of junk is a major turnoff to potential buyers. Even if the basement is unfinished, it should be clean, as bright as possible and dry. A quick coat of paint on a concrete floor can make the world of difference, as can neatly organized boxes.
Pro Tip: HGTV.CA TIP:
If you can’t be bothered to organize your junk, at least get it out of the house! An empty finished basement is one million times better than a cluttered one (even if it does demonstrate how much junk can fit in it!). Rent a storage locker for the weekend and clear it out.
Rearrange the Living Room
If you’ve got all your furniture pushed up against the walls to make the most of the space, it’s not doing much to help sell your home. Instead, try arranging the furniture in your living room in a fashion that encourages conversations rather than just as a place to store the kids’ toys or watch television. If you have a fireplace or a big window, make that the focal point and place the couch, a coffee table and a pair of chairs in an intimate setting. Add a few decorative pillows and drape a textured blanket to add some colour and warmth and keep the coffee and end tables free of clutter. Place a floor lamp or table lamp in your new living area space to brighten up the entire area and make the space more inviting.
Pro Tip: HGTV.CA TIP:
If you’re willing to invest a little extra in staging your home, window treatments can make a world of difference in a living room. But don’t buy anything you’ll be sad to part with!
For more tips on how to freshen up your home to sell, visit HGTV.ca.
Declutter the Kitchen
It goes without saying that a kitchen can sell a home, but a messy, cluttered kitchen can also make your home much harder to sell. Emphasize the size of your kitchen by clearing the counters of any small appliances and personal items such as mail and phone chargers. This will make even the smallest countertops and prep areas seem that much bigger.
Pro Tip: HGTV.CA TIP: Do, however, include colourful items that inspire healthy living, like a curated collection of interesting cookbooks, or a big bowl of lemons and limes. Help people envision their new lives in your home. Create a Dining Area
You may only use it once a year, but formal dining rooms should never be neglected. This space can be a great area to focus on when selling your home. Start fresh by removing everything from the room except for the essential pieces of furniture like the dining table and chairs. Consider setting the table with your best china, complete with flatware, napkins, glasses and a centrepiece of fresh flowers or a bowl of vibrant fruit.
Pro Tip: HGTV.CA TIP:
Even without a proper dining room, setting a kitchen counter or small bistro set in the corner of your kitchen will give your home a polished finish that denotes a caring homeowner. As much as potential buyers judge the home, they’re also judging the previous owners, and how they cared for it.
Scrub the Bathroom
Sleek and modern bathrooms can help sell a home, but even a dated bathroom can show its best face with a little elbow grease. Get a big box and remove everything from the counters, shower and bathtub before scrubbing the bathroom from top to bottom. Only put back a few essential items like hand soap and some fluffy towels. To help brighten the whole space, consider getting a new, high-quality shower curtain to pull the look together.
Pro Tip: HGTV.CA TIP:
Don’t overlook your medicine cupboard and under-the-sink storage. Buyers are nosey, and will examine every inch of your home. Organizing your storage will help to show off your bathroom’s potential, even if it’s on the smaller side. Now that your home is staged, the next step is to sell it!
THEREALESTATEPAGES.CA | 7
165 Highway 97
SOLD
DYNAMIC VIEWS OF KAL LAKE. 180 degree plus views from the many building sites on this 20 acre site. The world class “rail trail” separates this acreage from the water. This is why it is semi-lakeshore. The rail trail extends from Vernon to Kelowna! MLS 10121496
JANE FIELD
#3-8014 Whitestone Dr Prestigious location. Amazing Kalamalka Lake views. Open concept design. Excellent condition. Master bdrm on main, plus den. Two bdrms in daylight bsmt. Access via private lane. Added feature is an elevator! Located in Coldstream. MLS 10126167 $869,000
Cell 250.938.2830 Office 250.503.3755 Toll Free 1.888.503.3755 New Listing
jane@vernonrealestate.ca
5525 Allenby Place Family oriented home in popular Westmount Estates. 3 bedrooms up. 2/1 Bathrooms. Indoor hot tub room. Several upgrades. Professional landscaping, RV parking at rear. MLS 10130116 $419,900
Vernon
5603 - 27th Street Vernon, BC V1T 8Z5
NOW IS THE TIME TO LIST Buyers are looking now! For experience and great service call Jane.
250.938.2830
BENNETTO & ASSOCIATES www.bennetto.ca
Vernon
Murray Bennetto
Larry Bennetto
Marina Mandalari
REALTOR®
REALTOR®
OFFICE MANAGER
250.306.6476
250.308.6025
250-549-4161
116 - 9100 Mackie Drive Best unit in The Views. South Easterly ground floor, corner location that boasts privacy, beautiful valley views and plenty of natural sunlight coming into unit from two sides. 2 bedrooms plus den, 2 full bathrooms.
MLS# 10128775 - $435,000
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
110 - 3780 Schubert Road One of the best units in one of the best Townhome complexes in Armstrong. Open concept, bright, large 3 bedroom 4 bathroom end unit townhome with many attributes. MLS# 10125393 - $349,900
7292 Tronson Road OKANAGAN LAKESHORE Complete with 1786 sqft. open beam rancher plus 2 bedroom suite. Separate double garage, parking for boats, motorhome etc. Potential 2 lots. MLS# 10120130 - $1,895,000
8
DonKassa REALTOR ÂŽ SERVICES
Ryan Danchuk
250.549.4161 DonKassa.com donkassa@donkassa.com A solid commercial building at the corner of 28 St & 32 Ave. Both adjacent roads have recently been upgraded. The building has been well maintained. A list of upgrades is available. The building is made up of a large open area with 12 foot ceilings, an office, a kitchen area, 3 washrooms, including one main floor handicapped washroom, and storage areas. 50'x100' lot zoned C8. Building is approximately 48' x 90'. MLS#10130644
3105 28 Street
$398,000
Whitetail Subdivision at World Class Predator Ridge Golf Resort - a planned resort community. Large 0.25 acre lot above the 14th fairway on the Ridge golf course. This level lot has great views and is located on a quiet cul-de-sac. This is one of the only available building lots left in this new subdivision. Build your home in this exceptional natural environment and enjoy access to world class golf, walking and biking trails, and all that Predator Ridge has to offer. MLS#10130633
144 Whitetail Close
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. MLS#10129814
8510 Tronson Road
$798,000
Vernon
$385,000 4 units available! Tuscan Terraces waterfront community only 5 min drive from Downtown Vernon. An incredible waterfront value, built for longevity with concrete tile roof, stamped concrete decks, acrylic stucco and Tuscan stone columns providing maintenance free building. MLS#10130829, 10129076, 10129094, 10124968
7373 Brooks Lane
We Help Your Business
INC
SilverStarMedia.ca 250.545.8858
$770,000-$1,998,000
THEREALESTATEPAGES.CA | 9
We are NEVER too busy for your referrals
Heidi Lussi PREC Steve Wikkerink REALTOR® Beate Schmidt REALTOR® Susan Olney Administrative Coordinator
The
Heidi Lussi Real Estate Team
www.heidilussi.com | 250-503-3487 | info@heidilussi.com Lot 44A Hartnell Rd
375 Lakewood Dr
$219,000
MLS:10129228
MLS® NEW
4701 Valleyview Pl New
752 Sugar Lake Rd
$539,000 5 Bedroom, 3 bath home includes a fully self contained in-law suite, laundry up and down, 3 large decks panoramic view from all 3 levels.
New Price
$545,000 Attention Nature enthusiasts! 16 acres on 3 levels, unspoiled soil, 100 year old producing orchard & original cabin + home built in 1928. Over 1000 feet along Shuswap river. MLS® 10126234
MLS® 10130776
O: 250-549-4161 C: 250-938-2604 doncowan@remax.net
Don Cowan
$395,000 Amazing views from this custom 2 storey home in Westshore Estates, 25mins from Vernon. 2 bed/ 2 bath open concept with level entry to main floor. Unfinished basement ready to be developed.
Fantastic location to build you dream home in the North BX. Located close to walking trails, hiking and within minutes of downtown Vernon. Located at the base of Hartnell Rd. is this wonderful level 3 acre parcel of land. Except the city life but without the distance to drive. City water and gas available at lot, Septic to be installed by the Buyer.
New
Vernon
KARI WILTON Vernon
Your Okanagan Lifestyle & Real Estate Investment REALTOR
Listings Wanted
Now is a great time to list your house. There are fewer listings available to compete with. Winter Buyers are serious Buyers. Good listings priced right get immediate attention. List now and move in Spring.
With over 30 years selling Real Estate in Vernon, I know the market. Contact me for your free no obligation Market Evaluation.
Have you met Kari Wilton yet? 250.503.8727
RE/MAX Vernon 250.549.4161
KARIWILTON.CA
Vernon
R
10
March 2017 March 2017 2017 March
BCREA Mortgage Rate Forecast
Economic Outlook
Mortgage Rate Mortgage Rate Forecast Forecast Interest Rate Outlook
The Canadian economy has shown signs of significant momentum in recent months. Not only did real GDP grow a better than expected 2.6 per cent in the fourth quarter of 2016, but third quarter growth was revised HIGHLIGHTS up from an already strong 3.5 per cent to 3.8 per cent. • The vs. HIGHLIGHTS Trump: conflicting policy goals could Moreover, jobFed growth has been stellar with employment push rates higher • The by Fed Trump: goalsover could increasing anvs. average ofconflicting 36,000 jobspolicy per month • push Datarates on jobs and growth point to optimism for higher the past six months, and first quarter 2017 real GDP the economy • Dataaton jobstoand growth point to optimism is tracking close 3 per cent. Accelerated growth for • the Stronger than expected Canadian economy on economy in the second half of the yeargap wasnext partly the result of track to close output year Stronger than sector expected Canadian economy on the•Alberta resource bouncing back following track to close output gap next year summer wildfires, however export growth, new home
While economic growth seems to be strengthening, MORTGAGE RATES EXPECTED TO RISE IN SECOND HALF OF 2017 the trend in inflation remains slightly below the Bank’s MORTGAGE RATES EXPECTED TO RISE 2 per IN cent SECOND target. However,HALF given theOF Bank2017 of Canada’s
Mortgage Rate Outlook estimated potential or long-run trend economic growth Mortgage Outlook rate of Rate 1.5 per cent, a sustained 2 per cent growth in After an initial upward adjustment in global interest rates real GDP would eliminate slack in the economy as following the USupward presidential election, bond markets have After an initial adjustment in global interest rates In early as 2018, putting upward pressure on inflation. since adopted a wait and see approach to US economic following US the presidential election, bond markets have theory,the once output gap is closed and inflation has policy. As a result, the yield on the benchmark five-year since adopted wait andlevel, see approach to US “interest economicrate returned toaits target the so-called bond has stayed constant through the first quarter of the policy. Asthe a result, the yield on thethe benchmark five-year rate gap,” difference between current overnight year. Consequently, Canadian mortgage rates have also bond has stayed constant through the first quarter of the and itsrelatively long-rununchanged. equilibrium level, should also close remained However, we could see year. Consequently, Canadian mortgage rates have also to upward keep the economyinfrom over-heating. In practice, some movement interest rates over the second remained relatively unchanged. However, we could see construction and consumer demand have all been interest will close much later, as central halfthe of 2017, duerate to a gap stronger Canadian economy and a some upward movement in interest rates over the second robust. As the economy builds we banks tend to smooth rate adjustments over time. As Mor t ga ge R aon t ethis Formomentum, e ca st large degree of policy incoherence in the United States. halfpronounced of 2017, dueuncertainty to a strongerremains Canadian economy and a forecast that the Canadian economy will post 2.2 per theUS prevailing Indeed, for the first time in several years, monetarytheme 2017 R ate For e cast 2018 Mor tgage large degree of policy incoherence in the United States. cent growth this year and next. 2017, the Bank extra cautious andof fiscal policy seem will to becertainly at cross be purposes. The US until it Indeed, for theon first time several US monetary Term Q1 Q2F has Reserve, clarity the trade and taxyears, policyto intentions of the Federal seeing anineconomy close its estimate 2017 Q3F Q4F Q1F Q2F 2018Q3F Q4F andfull fiscal policy seem be at cross purposes. for employment, hastosignaled its intention to The raiseUS rates United States. 1-Year 3.14 3.14 3.14 3.24 3.24 3.34 3.44 3.64 Term Q1 Q2F Q3F Q4F Q1F Q2F Q3F Q4F Federal Reserve, multiple times thisseeing year. an economy close to its estimate 5-Year for full employment, has signaled its intention to raise rates 1-Year 3.14 3.14 3.14 3.24 3.24 3.34 3.44 3.64 Qualifying 4.64 4.64 4.64 4.74 4.79 Slack 4.79 in4.84 Mind4.74 the Gaps: the Economymultiple Set to betimes Eliminated by 2018 this year. Rate The Trump administration, on the other hand, continues to 5-Year Qualifying Average 4.64 4.64 4.64 4.74 4.74 4.79 4.79 4.84 Rate 5-Year Mortgage 2.75 2.75 2.90 2.95 3.05 3.10 3.20 3.35 Average Rate 5-Year Source: Bank of Canada; BCREA 2.90 Economics; Rate Spy 2.75 2.95 3.05 3.10 3.20 3.35 Mortgage 2.75 Note: The 5-Year Average Rate is the average residential mortgage rate contracted Rate
publicly push for measures that would likely be inflationary, The Trumpa administration, on the otherup hand, continues including budget replete with ramped military and to publicly pushspending for measures thatcuts would likely be inflationary, infrastructure and tax for the wealthy. including of a budget replete with and Estimates how these plans mayramped impact up themilitary US budget infrastructure spending tax cutshave for the wealthy. deficit are difficult, since and few details been released. It is through Canadian lenders and reflects discounts from the qualifying rate. safe to say of that increased spending, combined reduced Estimates how these plans may impact the with US budget Source: Bank of Canada; BCREA Economics; Rate Spy revenues, widensince the deficit while providing a temporary deficit arewill difficult, few details have been released. It is Note: The 5-Year Average Rate is the average residential mortgage rate contracted through Canadian lenders and reflects discounts from the qualifying rate. bump economic growth. spending, Most importantly, both of those safe totosay that increased combined with reduced Mortgage Rate Forecast outcomes to higher interest rates in the United revenues,will willlead widen the deficit while providing a temporary 5-Year Fixed Mortgage Rate - Discounted States, putting upward pressure interest rates globally. bump to economic growth. Mostonimportantly, both of those 5-Year Fixed Mortgage Mortgage Rate Qualifying Forecast Rate % outcomes will lead to higher interest rates in the United 5-Year Govt of Canada Bond Yield 6 The Canadian market ison still processing 5-Year Fixed Mortgage Rate - Discounted States, puttingmortgage upward pressure interest rateschanges globally. 5-Year Fixed Mortgage Qualifying Rate Forecast to mortgage regulations made in the fall of 2016, the most % 5 5-Year Govt of Canada Bond Yield 6 important of which made market the five-year rate the The Canadian mortgage is stillposted processing changes 4 qualifying rate for all insured borrowers. Therefore, the most Forecast to mortgage regulations made in the fall of 2016, the 5 posted qualifying rate may not be as responsive to higher important of which made the five-year posted rate the 3 rates as in past years. The average five-year mortgage rate 4 qualifying rate for all insured borrowers. Therefore, the offered by lenders at a discount to the posted rate moved 2 Send questions and comments about Mortgage Rate Forecast to: posted qualifying rate may not be as responsive to higher 3 Cameron Muir, Chief Economist, cmuir@bcrea.bc.ca; Brendon Ogmundson, higher Economist, toward thebogmundson@bcrea.bc.ca. end of 2016, but has softened slightly rates as in past years. The average five-year mortgage rate 1 heading into the always important spring season. We offered by lenders at a discount to the posted rate moved 2 Additional economics information is available on BCREA’s website at:expect www.bcrea.bc.ca. rates to remain somewhat stable over the first half 0 higher toward the end of 2016, but has softened slightly ToIsign for IBCREA visit: II up III IV II III news IV I releases II III IV by I email II III IV I www.bcrea.bc.ca/news-and-publications/publications/manage-subscriptions. II III IV of 2017 before rising by as much as 20 basis points toward 1 heading into the always important spring season. We 2014 2015 2016 2017 2018 the end of the year, as markets gain clarity on the direction expect rates to remain somewhat stable over the first half 0 Sources: BCREA, Bank of Canada, Rate Spy of US policy. I II III IV I II III IV I II III IV I II III IV I II III IV of 2017 before rising by as much as 20 basis points toward 2014 2015 2016 2017 2018 1 the end of the year, as markets gain clarity on the direction Mortgage Rate Forecast is published quarterly by the British Columbia Real Estate Association. Real estate boards, real estate associations and REALTORS® may reprint this Sources: BCREA,that Bank of Canada, Rate content, provided credit is given toSpy BCREA by including the following statement: “Copyright British Columbia Real Estate Association. Reprinted with permission.” of US policy. BCREA makes no guarantees as to the accuracy or completeness of this information.
1420 - 701 Georgia Street West, PO Box 10123, Pacific Centre, Vancouver, BC V7Y 1C6
1 2 |
Phone: 604.683.7702
|
Fax: 604.683.8601
|
Email: bcrea@bcrea.bc.ca
Vernon *Personal Real Estate Corporation
THEREALESTATEPAGES.CA | 11
Vacant Land
Vernon
- Very Private location - Flat building area - 5 acres mls# 10122505
- 4 Bd & 3 Bth - Custom design - 1.13 acres mls# 10129932
8125 McLennan Rd.
128 Sunset Boulevard
www.your5starteam.com Beverly Hills Estates
North BX
Offered at $1,200,000
Offered at $349,000
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
Deb
Deveau REALTOR®
Judy
Your Key to the North Okanagan
Fischer REALTOR®
Bonita
1-888-609-7764 250-838-0025
Lundquist* Enderby
REALTOR®
908 George St. Enderby, BC
*Personal Real Estate Corporation
S LOT
$1,200,000 4671 McLeery Rd. Spallumcheen Call Deb @ The Key Team - MLS10118748
$499,000 123 Cliffview Drive, Enderby Call Deb @ The Key Team - MLS10123610
LOT
$164,900
$129,000 - $136,000
Preston West Subdivision
5 lots, offering rural setting within Enderby city limits. Build your dream home.
$84,900 00 Third Avenue, Grindrod Can have modular home Call Deb @ The Key Team - MLS10099624
#3-167 Cliffview Drive, Enderby
$109,000
Call Bonita Lundquist PREC - 250-306-8184
1406 Johnston Ave, Enderby Call Deb @ The Key Team - MLS10124663
NEW LISTING w/VIEW of KAL LAKE ! Executive 3,052 sq ft home on large private view lot, 4 Large Bedrooms, 3 Full baths, pool sized back yard, easy to make basement into inlaw suite. 9317 Orchard Ridge Dr., Coldstream MLS 10131059
MLS 10111745
00
,9 59 9 $
00
,9 99
$4
7448 L&A Road, Vernon
NEW LISTING Lovely 3 bedroom +1, 2 Full bath. 2165 sq ft. home. Level entry bungalow with walk out basement, on a beautiful Swan Lake, 0.42 acre, view lot! MLS 10131284
Maria Besso (250) 308-1152 | mariabesso@shaw.ca | www.mariabesso.remax.ca
Vernon
Legal
TRUSTED. RESULTS.
Use the strength of our 21 lawyer firm for all of your legal needs. Proudly committed to our community for over 40 years. 250-542-5353
www.nixonwenger.com
Tile 250.545.2272 2800 45 Ave Vernon, BC V1T 3N4 www.ardentile.com
Furniture
We don't sell. We help you buy! (250) 549-3121 5401 Anderson Way Vernon, BC V1T 9V1
cityfurniturecanada.com
Glass (250) 542-9309 2809- 45 Ave. Vernon, BC V1T 3N5 www.HLGlass.com
Blinds & Drapes (250) 542.5955 Home furnishings and Design Centre designersgallerycanada.com
Hutch "N" Son I have some great news to share with you all: my son Connor has decided to join me and the wonderful team at RE/MAX Vernon!
250-558-8728 sidhutch@gmail.com
836 8th Ave, Vernon - 2 bed, 2 bath, many upgrades - Located in Desert Cove Estates - Corner lot
$329,900
MLS 10130717
7940 Keddleston Road - 5 bed, 3 bath executive style home - 62 acres out of ALR - 63 x 95 ft horse barn MLS 10123064
$999,999
250-309-1633 hutchison.connor@gmail.com
#208 - 357 Monashee Road - 2 bed, 2 bath unit with view of Monashees - One of Silver Star's finest condo developments - Ski in & Ski out MLS 10102001
$279,500
North Okanagan Average Residential House Prices Over the Last 5 Years: 2012: $345,850 2013: $359,195 2014: $373,458 2015: $385,063 2016: $427,600
What's in store for our Spring Market? Will the current real estate trend continue?
3203 37 Avenue
9601 Paisley Drive, Coldstream
- 5 bed, 4 bath - Commercial building with C4 zoning - Great residential home or business interest! MLS 10114641
$329,900
- 6 bed, 3 bath. Suite Potential - Desirable Neighborhood in Coldstream - Huge Deck on .28 Acre Lot MLS 10128121
$459,900
Is it a good time to sell my home, or invest in real estate? Give us a call or email and we will give you the answers you're looking for!
Last year we achieved a 96.45% list price to sell price ratio, while averaging only 53 days to sell! Vernon
1705 15th Ave, Vernon
3904 21 Avenue - 3 bed, 2 bath - Great views of the valley & city - Close to town & schools MLS 10114592
$349,900
- 3 Bed, 2 Bath. Close to all Amenities. - New Roof, Skylight, Spacious Living Room - Great For First Time Buyers MLS 10128672
$316,500
Bella Vista
Silver Star
Bella Vista
7121 Jasper Drive
405 170 Silver Lode Lane
7011 Bella Vista Road
Okanagan Lakeview Building Lot 0.24 Acres building lot at the end of a quiet cul-de-sac. Unobstructed views over Okanagan Lake. Walking path to Kin Beach and the park! Services at lot line. GST is already paid.
Heart of Silver Star Village Deluxe 4th floor, furnished condo in Snowbird Lodge. Ski-in/out. 2 Bedrooms, 2 baths – 2nd bedroom with lock-off for easy rentals! Private deck & hot tub. Secure parking. Ski room.
Want Room to Move & Revenue? 5 Bedroom family home with 2 bed in-law suite. 0.29 Acres. Driveway access from two roads. Detached shop - plus RV & boat parking. Lake & valley views! Newer furnace, exterior paint & roof. Central air.
$329,000
$459,000
$479,000
mls 10127757
mls 10124376
Exclusive
Salmon Arm
Middleton Mountain
Sicamous
5511 40 Street NW
905 Mt Bulman Drive
9045 Hummingbird Drive
Bring your horses! 22.38 Acres in Gleneden area of Salmon Arm. Great horse set-up; fully fenced & x-fenced, 4-6 stall barn w/loft, riding arena. Detached garage/ shop. Equipment shed. Beautifully updated 4 bedroom +den home with new kitchen & floors.
Family Home on Middleton Mountain Immaculate! One level, 4 bedroom, 3 bath home. Family room & media room! In-law suite potential! Maple cabinets. Engineered hardwood. Security. Landscaped, private yard! Irrigation. Double garage.
Home & Shop, Mara Lake Access .73 Level acres, Swansea Point in Sicamous. Legal beach access. Buoy! Level entry home. 3 Bedrooms, 2 baths. Vaulted ceilings. Lake view. Dream shop, 42’x30’, heat, bath + 2 carport.
$595,000
$599,000
$699,000
mls 10130800
Real Estate Market
mls 10129972
To Buy or not to Buy - To Sell or Not to Sell To invest? To refinance? First home? Vacation home? Downsizing?
Priscilla
mls 10125549
Expert crystal ball readings daily – FREE! Also complimentary and confidential consultation for all your Real Estate needs
250.549.7050
OkanaganHomes.com | 250.549.7050
Foothills
Lavington
Silver Star
7441 Sun Peaks Drive
210 Reid Road
9959 Purcell Drive
New Home in the Foothills! Panoramic views of the valley, city and 3 lakes. Level-entry, plus finished walk-out lower level. 4 Bedroom, 4 baths. Minutes from downtown & ski hill! Family room with rough-in wet bar. Media room.
15 Acre Hobby Farm 3 Bedroom home with newer furnace & hot water tank. Gently rolling. Located at the base Blue Nose Mountain! Fenced & x-fenced. Hay & equipment sheds. Great horse set-up, 10 Stall barn, heated tack room.
Ski Out Your Back Door! Gorgeous timber frame, ½ duplex home on The Ridge, Silver Star Mtn Resort. 4 Bedroom, 3 full + 2 half baths. Exquisite finishing. Spectacular views. Hot tub! Ski room.
$719,000
$819,900
$849,000
mls 10130200
mls 10126574
mls 10124237
Swan Lake West
Coldstream
Coldstream
6325 Old Kamloops Road
12602 Kidston Road
8107 Kalavista Drive
12 Acre Estate, 5 Minutes to Downtown Gently rolling property overlooking Swan Lake. City views! Quality, custom home. Tasteful décor. Level entry home. Walk out lower to covered deck. Triple garage. Deluxe shop. Equipment storage.
4.25 Acre Coldstream Estate Stunning Kalamalka Lake view. Sleek, new, 4 bedroom home. Energy efficient, net zero design. Walk to Provincial Park & beach. Minutes from downtown. Small apple orchard. Outbuildings.
Coldstream Luxury, Steps to the Beach Elegant, one level, contemporary home. Sliding glass walls. Heated salt water pool. Private backyard oasis with water feature, hot tub, gazebo and sitting area. Deluxe outdoor kitchen with siting area and TV. Concrete privacy fence. Control4 System.
$1,695,000
$2,199,000
$2,590,000
mls 10118608
mls 10128267
Heather Paulsen
Alan Stier
Craig Demetrick
REALTOR
REALTOR
REALTOR
®
®
®
heather@okanaganhomes.com alan@okanaganhomes.com craig@okanaganhomes.com
mls 10120105
Barb Williamson* Priscilla Sookarow REALTOR®/Managing Broker
Owner/REALTOR®
barb@okanaganhomes.com info@okanaganhomes.com *Personal Real Estate Corporation
See us at RE/MAX Vernon 5603 27 Street Vernon, BC
Outstanding Agents. Outstanding Results.
GO WITH THOSE WHO KNOW Armstrong
Commercial Solutions
Enderby
Lumby
Vernon
Vernon (Silver Star Office)
2555 Pleasant Valley Blvd Armstrong, BC V0E 1B0 250.546.3119
5405 26 Street Vernon, BC V1T 7G4 250.503.3477
908 George St Box 188 Enderby, BC V0E 1V0 250.838.0025
2095 Shuswap Ave Lumby, BC V0E 2G0 250.547.9266
5603 27 Street Vernon, BC V1T 8Z5 250.549.4161
108-152 Silver Lode Lane V1B 3W9 250.549.4161
www.TheRightAgents.com