Jim Flaherty announced new mortgage financing rules for home buyers and home owners wanting to extend/obtain secure lines of credit. In a nutshell, mortgages with amortization periods longer than 30 years will no longer qualify for government backed insurance
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Time to take a moment or two and look at condominiums and how they have been selling this year. In most areas of the country condominiums are sold to either first time buyers or last time buyers. Here in Kelowna we also sell to Albertans and children
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There are currently 1,954 residential homes for sale in Kelowna ranging in price from $219,900 for a 2 bedroom, 2 bathroom 1,100 square foot home on Laurel in Rutland up to an asking price of $18,000,000. There are just over 400 homes available in the
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There are currently 1,851 houses for sale in Kelowna and 1,595 condominiums which is interesting statistic. When Jo-Ann and I moved here in 1996 condominiums represented less than 10% of the market and now we may soon see a time when there are more condos
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