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Blog by Steve Burk

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Okanagan experiencing huge growth

June 24th, 2007
Travel writers have called the Okanagan Valley all sorts of things, from the Napa, Florida or Hawaii of the North to Canada’s Tuscany. They sometimes seem surprised that the climate is so mild, the terrain so civilized. Not long ago Frommer’s Travel Guides picked the valley as one of its Top Travel Destinations for 2007, while the San Francisco Chronicle ventured: “Once known mainly as ...

Home sales rise; affordability falls

June 21st, 2007
Vancouver, BC – June 19, 2007. British Columbia Real Estate Association (BCREA) reports that residential sales volume on the Multiple Listing Service® (MLS®) in BC rose 17.5 per cent to $5.32 billion in May, compared to the same month last year. Residential sales increased 3 per cent to 11,683 units during the same period. The average MLS® price hit $454,945, up 14 per cent from May 2006. ...

Boomers, Albertans drive white-hot demand for B.C. vacation property

June 13th, 2007
From Vancouver Island to the Kootenays, unprecedented demand for recreational property has led to startling price increases and some innovative retirement concepts. “British Columbia is at the leading edge of the baby boomer bubble,” said developer David Sorenson. “We have buyers coming from across Canada and around the world.” And they are coming well-heeled, indicative of the most a ...

HOUSING MARKET OUTLOOK 2007

January 12th, 2007
Home buyers across the country will breathe a sigh of relief in 2007, thanks to a nationwide influx of new listings that is expected to slow price appreciation in major Canadian centres, says a report released today by RE/MAX. The RE/MAX Housing Market Outlook 2007 found that while the number of homes listed for sale is set to climb, demand will remain strong in the 17 markets surveye ...

RECREATIONAL REPORT 2006

December 13th, 2006
Low interest rates and economic prosperity are the major drivers in Penticton’s thriving recreational property market. Demand remains strong in the South Okanagan, bolstered by aging baby boomers from other parts of the province and Alberta who are looking to retire in the area. Diversity is the main attraction, with condominiums and ski cabins available for sale on Apex Mountain or M ...

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