Rancher With Extensive Renovations In Handy Kelowna South Location

Rancher With Extensive Renovations In Handy Kelowna South Location

Extensive Renovations Inside

1,900 sq. ft., 4 bdrm single story – $419,000 – Sharply Priced

Kelowna South – Four bedroom/three bathroom rancher with “open” design. Well thought out floor plan with substantial renovations. Separate 300 square foot building for home office. Close to hospital, beaches, shopping and schools.

 

Living in Kelowna,
Andrew Smith
Smith McLellan Group
Royal LePage Kelowna
Info@OkanaganBC.com
To view homes go to www.Okanaganbc.com
250-979-8066
Follow me on Twitter @smithap01

Executive Townhouse For Sale in Lower Mission.

Executive Townhouse For Sale in Lower Mission.

¢ 2,794 sq. ft., 3 bdrm single story – $499,900 – Spacious Townhouse

Lower Mission,Kelowna – Spacious Bright townhouse located conveniently across from H20 fitness centre and 50 meter pool. Super opportunity for an active family. Great running and biking trails nearby and 1 block to Okanagan Lake.

This is the life! Elegant home with 2 master bedrooms one on main floor and second master upstairs with en suite and 3rd bedroom upstairs.
Total of 3 bedrooms plus den and 5 bathrooms, on over 2750 sq ft.
Nicely decorated with hardwood floors and vaulted ceilings. Super games room and exercise room down stairs.
Pets allowed.

 

Living in Kelowna,
Andrew Smith
Smith McLellan Group
Royal LePage Kelowna
Info@OkanaganBC.com
To view homes go to www.Okanaganbc.com
250-979-8066
Follow me on Twitter @smithap01

Flaherty Tightens Mortgage Rules

Flaherty Tightens Mortgage Rules

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 which is required for all mortgages with less than 20% down. Also, Canadians can only borrow against 85% of the value of their homes from 90% on a refinancing. Read full story here.

I don’t think this is going to be a big deal in terms of prices or units sold. 25 year amortizations were the norm for so long in this country and few questioned it. As a group Canadians are a conservative lot most of the time and I was more surprised when CMHC started underwriting 35 and 40 year amortizations.

At first glance, the people who might be affected are those who bought with a 5% down payment and a 35 year amortization. When the term on those loans are up they might be impacted but the Finance Department announced that they would be exempt from these changes as long as they simply renew and don’t refinance at time of renewal. It is a good idea to consult a knowledgeable mortgage broker when it is time to renew your mortgage.

 

A mortgage broker can outline your various options and the penalties if you decide to sell before the next renewal term. Your mortgage term could be 1 year, 3 years or 5 years and again a mortgage broker can recommend which term is best suited to your needs. Mortgages are very personal and the rate should not be your only concern. You could have a low rate but a very high penalty if you sell and cancel the mortgage before the term is finished.

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 Mortgage Broker VS Banker – Kelowna Real Estate

Royal LePage 2011 Holiday Office Tour

Royal LePage 2011 Holiday Office Tour

Revelstoke Royal LePage January 13,2011 . What a beautiful town!
Over the holidays, Jo-Ann and I decided to take a few days and visit some Royal LePage offices in our province. We managed to stop in and visit for an hour or so in Merritt, Hope, Parksville, Qualicum Beach, Nanaimo, Kamloops, Armstrong, Vernon, Oliver, Osoyoos, Okanagan Falls, Penticton and Summerland. I’m not just saying this because I work here but what a treat it was meeting about 40-50 Royal LePagers including receptionists, conveyancers, broker-owners, managers, chairman’s club agents, newbies and assistants. I was overwhelmed at how nice everyone is at this company. Even though we met most for the first time, there was a an immediate solidarity since we all had the same logo on our business card. It was a nice feeling and I hope Jo and I can reciprocate when out-of-towners drop in and visit us.

We’re planning on dropping into lower mainland offices in the Spring. You might know, Jo and I started our careers in Vancouver (Kitsilano West 4th office….I think it’s a Lululemon store now) back in 1993 and there are still a lot of realtors we know working in those offices. We move to Kelowna Royal LePage in 1997 with our 2 children. Over the years we have kept in touch with our many Realtor friends and associates and doing the office tour is always fun. Looking forward to catching up.

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 residential sales

Stronger Than Anticipated 2011 Housing Market Predicted

Stronger Than Anticipated 2011 Housing Market Predicted

Happy New Year Blogsters……thanks for taking the time to check in every once in a while  Jo and I hope you enjoyed the Christmas/New Year’s break. Welcome back.I found this in-box this morning and wanted to share. Royal LePage is predicting a better than expected Kelowna housing market in 2011 and anticipates a 3.9 – 4.6% increase in housing prices across Canada this year. Everyone was concerned the impact the HST would have in BC and Ontario but after a gloomy 3rd quarter we seemed to collectively shrug it off and the 4th quarter returned to a post-recession growth model. Yes, it’s a little dry but nice to be able to pass on something positive and optimistic.

 

If you’re still reading and managed to download the report above, dropbox was my little Christmas present to myself. The program (free) lets you share PDF files with anyone storing it on their server. It’s the coolest little program and makes sharing documents/photos with others very simple. Try it out at dropbox.com .

Over the New Year, Jo and I visited Royal LePage offices in Merritt, Hope, Parksville, Qualicum Beach, Nanoose Bay, Nanaimo, Kamloops, Armstrong and Vernon (Penticton and the South Okanagan tomorrow). What a wonderful group of Realtors we met and everyone is gearing up for a fantastic 2011 and are pleasantly surprised how busy the markets were over the holidays. We even met someone in Nanaimo who was showing houses Christmas eve and wrote an offer to purchase Christmas day. That’s dedication.

Let us find you a new home today! If you are considering a move to Kelowna, call me Toll Free for a no obligation consultation on Kelowna neighborhoods and properties available in each area

Please share this article with your friends

Have a great weekend

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 market

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