CMHC Housing Data

CMHC Housing Data

CMHC’s “Canadian Housing At A Glance” dashboard they just released. Ok Ok….It only goes up to 2008 but it certainly is an eye opener to read. The highlights for me….

1. Holy Cow living in BC is expensive compared to everywhere else. Most of us here could own 3 houses in Thunder Bay or Moncton. They must wonder how we sleep at night with such high housing costs. The trade off is that as of right now, Sept 29 4:14pm it’s 23 degrees Celsius with sunshine in the forecast for next 6 days.

2. How come there were 3.5 people living in a typical Canadian house in 1971 but only 2.5 in 2008. Is this the condo effect? Maybe the Baby boomer effect? It certainly makes you pause and wonder why anyone would build a monster home today.

3. Kelowna Housing Prices just CAN’T crash! The blogosphere is ripe with people thinking houses will drop to levels we used to see in the early 1990’s but there would have to be some sort of catastrophe to reverse those graphs. I suppose everything is possible but you could also argue that we may see chocolate bars priced at 10 cents again too.

Kelowna real estate is always a topic of conversation and where the market is going is on the tip of everyone’s tongue. Andrew stays on top of the market stats and can help you make a clear decisions with an investment. Are you thinking of a permanent home or a vacation property? There is a great selection in many price ranges. We would be pleased to send you Free list of available properties in your price range and recommend neighborhoods that will meet your needs..

Realtor Andrew Smith
Living in Kelowna,
Andrew Smith
Royal LePage Kelowna
250-979-8066 or Toll Free 1-877-330-5884
Follow me on Twitter @smithap01

Cal for more information https://www.okanaganbc.com/ or view here Kelowna housing Prices

Prices For Residential Homes Up For Summer 2010

Prices For Residential Homes Up For Summer 2010

What’s with the negativity when it comes to house values in Kelowna? Why are out of town purchasers coming to town with the mindset that our house values are dropping and will continue to do so? The doom and gloom mindset has always been around and every home buyer has had to justify to some family member why they invested in a house durning the 1970’s, 80’s, 90’s or 00’s but why is the chorus so loud today? The Summer of 2010 saw home values increase from $505,200 last Summer to $554,380 this Summer. Go back and read that last sentence again and kick yourself for not investing in a middle class single family home here in Kelowna last year when everyone was telling you to stand pat chanting “cash is king you know”.  It is a great time to look at homes now before the prices go up again next year and we will be looking back and saying what if………

Million dollar homes are selling again now too. There were 31 homes that sold for seven digits or higher this Summer compared to 21 during the Summer of 2009. The high end home buyer still knows this is a blue-chip safe investment as does the first time buyer with a 5{f0a0a72383b5d412aa1cdd82beeb3baa9f2169d63afba57b72be67b4c5074c09} down payment.  Lakeshore homes and some of Kelowna’s stunning acreages are counted in the sold sales for million dollar properties.

Families come from around the world to look at the possibility of moving to our piece of paradise located on Okanagan Lake.  The lifestyle is one that can be appreciated by most families.

For a list of the top properties listed in the Okanagan please call or email Andrew Smith and we will send you a complete list that fits your requirements within 24 hours.

Realtor Andrew Smith
Living in Kelowna,
Andrew Smith
Royal LePage Kelowna
250-979-8066 or Toll Free 1-877-330-5884
Follow me on Twitter @smithap01

Cal for more information https://www.okanaganbc.com/ or view here house values in Kelowna