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Re: Your home is not an investment

... plan, I think it's a pretty good investment. This is what I don't get. I'm looking at maybe an average Joe or Jane, bought an average home in Kelowna, let's say five years ago. Since then the price of that home has not increased much if any (I've followed the prices). Let's say Joe has a mortgage ...
by thirdlittlepig
on Mon Jul 19, 2010 7:06 am
 
Forum: British Columbia Real Estate
Topic: Your home is not an investment
Replies: 46
Views: 753

Re: Has Anyone Followed Arrears Lately?

That's provincial. I believe the debt/savings survey is for Vancouver.

Things are definitely going south in a big way in the Kelowna/Vernon area.
by Austin
on Thu Jul 15, 2010 2:17 pm
 
Forum: British Columbia Real Estate
Topic: Has Anyone Followed Arrears Lately?
Replies: 14
Views: 1338

Re: Okanagan melt down

... the data you're looking for. We're not your bitches. Do your own research and post it here if you disagree. I expected more from you. BTW, Kelowna seems to support higher MOI due, I think, to a larger portion of the market being vacation homes. All's we're saying is MOI is really bad right ...
by jesse1
on Fri Jul 09, 2010 8:31 am
 
Forum: British Columbia Real Estate
Topic: Okanagan melt down
Replies: 38
Views: 1108

Re: Okanagan melt down

... buyers who paid full price bought during a different economy." Read more: http://www.edmontonjournal.com/business/Condo+King+slashes+Kelowna+highrise+prices/3148288/story.html#Comments#ixzz0t7Gqt3jw Yes I am sure it is hard on them.. You ever notice how it is always harder for the ...
by robert james
on Thu Jul 08, 2010 10:35 am
 
Forum: British Columbia Real Estate
Topic: Okanagan melt down
Replies: 38
Views: 1108

Re: Okanagan melt down

"It's hard on them and it's hard on us," admitted Block. "Those buyers who paid full price bought during a different economy."

Read more: http://www.edmontonjournal.com/business ... l#Comments#ixzz0t7Gqt3jw
by metalhead
on Thu Jul 08, 2010 10:27 am
 
Forum: British Columbia Real Estate
Topic: Okanagan melt down
Replies: 38
Views: 1108

Okanagan melt down

... http://www.omreb.com/page.php?sectionID=2 Here are some high-lights for the Central region ie Kelowna: 1) +5.7 % more listings than last June 2) -21.7% less sales than last year. 3) 346 sales with a total of 5793 listings = 16.7 months of inventory ...
by metalhead
on Thu Jul 08, 2010 7:33 am
 
Forum: British Columbia Real Estate
Topic: Okanagan melt down
Replies: 38
Views: 1108

Re: Asian Hot Money Sets Condo Sales Records in Richmond, B.C.

... Don`t worry about the white supremacist groups down at Osoyoos,, everyone knows they are all talk or the complete lack of visable minorities in Kelowna.. The Albertans are broke!!! Somebody has to buy all these houses and condo s here..Not everyone can have a grow-op or B and B... :lol:
by robert james
on Fri Jun 25, 2010 6:36 am
 
Forum: British Columbia Real Estate
Topic: Asian Hot Money Sets Condo Sales Records in Richmond, B.C.
Replies: 54
Views: 1605

Re: Asian Hot Money in Vancouver-Significant and Growing!!!

Why then is inventory growth of unsold homes in Greater Vancouver and Fraser Valley higher than pre-correction 2008? As for Kelowna: "Buyers from Mainland China are even buying up recreational properties in places like Kelowna ." Why then is Rennie and others discounting ...
by vanpro
on Sat Jun 19, 2010 7:04 am
 
Forum: British Columbia Real Estate
Topic: Asian Hot Money in Vancouver-Significant and Growing!!!
Replies: 43
Views: 1177

Asian Hot Money in Vancouver-Significant and Growing!!!

... properties, and to a lesser extent, in Richmond and Burnaby. Buyers from Mainland China are even buying up recreational properties in places like Kelowna. “They’re injecting fuel into it, causing [luxury prices] to rise a little faster than they usually would,” says West Side realtor Ryan Dyer. ...
by SethM
on Fri Jun 18, 2010 11:42 pm
 
Forum: British Columbia Real Estate
Topic: Asian Hot Money in Vancouver-Significant and Growing!!!
Replies: 43
Views: 1177

Re: Could it end up like this here?

... April 2009) on Page 4. That means rents are still catching up to higher house prices. By comparison, Calgary increased by 1% (4.3% to 5.3%). Kelowna (2.8% to 3.7%) and Abbotsford (4.8% to 6.6%). Victoria 1.2% to 2.5% (?). Toronto 2.4% to 2.7%. The good news for Vancouver is that the vacancy ...
by Marco911
on Fri Jun 18, 2010 10:18 am
 
Forum: British Columbia Real Estate
Topic: Could it end up like this here?
Replies: 80
Views: 2575

Re: Could it end up like this here?

... April 2009) on Page 4. That means rents are still catching up to higher house prices. By comparison, Calgary increased by 1% (4.3% to 5.3%). Kelowna (2.8% to 3.7%) and Abbotsford (4.8% to 6.6%). Victoria 1.2% to 2.5% (?). Toronto 2.4% to 2.7%. The good news for Vancouver is that the vacancy ...
by jimtan
on Thu Jun 17, 2010 7:33 pm
 
Forum: British Columbia Real Estate
Topic: Could it end up like this here?
Replies: 80
Views: 2575

Re: Vancouver slipping down the list

... else catches on! You don't want to be the last on your street to move to Abbotsford! :mrgreen: What I don't get about that list is how is Kelowna ranked A- in economy and we are B- ? We both get a D+ in value.
by metalhead
on Thu Jun 17, 2010 4:45 am
 
Forum: British Columbia Real Estate
Topic: Vancouver slipping down the list
Replies: 12
Views: 569

Good news for Vancouver landlords

... And, rent for two-bedroom (existing structures) increased by 2.9%. (2.7% April 2009). By comparison, Calgary increased by 1% (4.3% to 5.3%). Kelowna (2.8% to 3.7%) and Abbotsford (4.8% to 6.6%). Victoria 1.2% to 2.5% (?). Toronto 2.4% to 2.7%. The good news for Vancouver is that the vacancy ...
by jimtan
on Wed Jun 16, 2010 11:32 pm
 
Forum: British Columbia Real Estate
Topic: Good news for Vancouver landlords
Replies: 1
Views: 443

Re: FORECLOSURES THREAD

... enclosed verandah on west side and rear. Buyer to verify all... Details Royal LePage - Wolstencroft Jeepers, you could pay that for a 6 bed in Kelowna.
by thirdlittlepig
on Wed Jun 16, 2010 2:04 pm
 
Forum: British Columbia Real Estate
Topic: FORECLOSURES THREAD
Replies: 35
Views: 1224

Re: I always find these comparo's entertaining

... I'm just curious to see these actual examples because I've seen Bayview in Victoria being offered for 40% off and that Renni marketed condo in Kelowna also for 40% off. There have been at least 3 stories told by people on VCI (I know how you hate THOSE people but anyway) of their relatives ...
by metalhead
on Mon Jun 14, 2010 4:32 am
 
Forum: British Columbia Real Estate
Topic: I always find these comparo's entertaining
Replies: 25
Views: 765
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