It’s never a bad time to plan Do successful entrepreneurs just open their doors for business without a business plan? Does a chef open a restaurant without a menu? Do pilots depart the hanger without a flight plan? Can you build a house without architectural plans?…I could go on forever! The answer is NO to all Read More
Thinking of purchasing or leasing a new car? Let me so some quick math for you. A $400.00 payment will reduce your total mortgage qualification by $100,000.00 OUCH! I will confess that I think about new cars for at least a moment or two regularly. Fast cars and I go back a few decades when Read More
Have you been approved for a mortgage and waiting for the completion date to come? Well, it is not smooth sailing until AFTER the solicitor has registered the new mortgage. Be sure to avoid these 10 things below or your approval status can risk being reversed! 1. Don’t change employers or job positions Any career Read More
First Time Home Buyer Loses Money with the BC Home Equity Assistance Program ARE YOU KIDDING ME?!? HOW CAN THIS BE?!? If you are a first time home buyer, or you know of a first time home buyer that has a 5% down payment saved from their own resources, and another 1 ½% for closing Read More
Is Kelowna Okanagan In a Housing Bubble? Part 1 In my profession as a Mortgage Broker I am continually asked what I think about the current state of the real estate market in Kelowna (Okanagan) and where it is headed. With years of experience under my belt I have yet to meet anyone who has Read More
Supply & Demand Simply put demand drives the market, and supply can greatly affect the value of that market. Going back to 2006 statistics (available to anyone on the OMREB website), we see between March and November new monthly listings averaged around 837 units with the only noticeable change being a drop in November. Looking Read More
Analysis From 2006 to the market crash of 2008 there was an increase in listings, an increase in unsold properties and a doubling of inventory. The emotions involved which drove the market and eventually killed it were; confidence (initially) which transitioned to fear and greed. Sellers can share in the responsibility because some listed just Read More
Analytics Okanagan Central 2006 Category Mar Apr May Jun Jul Aug Sep Oct Nov Listed 899 792 892 882 794 868 809 854 747 Sold 567 507 542 507 514 511 443 406 341 Days to Sell 155 92 92 102 103 103 112 121 92 Inventory 2281 2366 2308 2457 2433 Read More
Whether you are saving for a condo or a townhouse in the city or a house in the suburbs, the best part about becoming a homeowner is saying goodbye to landlords, which can be an exciting life transition! Unlike the traditional past, more and more single, professional women are making their own commitment to home Read More
These rates are not current – Please text or call 250-878-1541 for a custom quote. Variable 3 year from Prime-.50% or 2.20% Variable 5 year from Prime-.50% or 2.20% 5 year fixed rate from 2.30% 1 year fixed rate from 2.19% 2 year fixed rate from 2.14% 3 year fixed rate from 2.24% 4 year Read More