We're pleased to present you with recent news items which are relevant to Real Estate in the Okanagan Valley and British Columbia,
in general. These news articles will be updated as interesting news appears. We don't make the news; we just report it!
If you hear or read any news which you think might be interesting to our readers, please let us know. We'll be happy to post
it.
FIRST, WE MUST REALIZE THAT THIS IS NOT A BOOM |
| 2006-09-13 |
Residential real estate sales took a breather this summer in Greater Vancouver, which sparked the usual suspects to warn of a housing bubble and imminent economic Armageddon. Western Investor |
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TD SEES HOUSE PRICES RISING 4% ANNUALLY |
| 2006-09-15 |
A house is not just a home, but also a decent investment that will grow in value over the coming quarter century, a major bank predicted yesterday.
The Montreal Gazette
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NEWEST VERNON DEVELOPMENT RISES FROM RANCHLAND WITH HOMES, GOLF COURSE, VINEYARD |
| 2005-04-05 |
REAL ESTATE - In a booming Okanagan Market,
The Rise begins construction
By Michael McCullough - The Vancouver Sun |
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CONSTRUCTION BOOM FORCAST TO CONTINUE THROUGH 2005 |
| 2005-02-22 |
The city issued building permits for more than 2,000 new homes in 2004, blowing the socks off the official community plan's estimate of 1,200. City officials expect that torrid pace to continue this year, Gary Stephen told city council on Monday, adding January's statistics back that up.The Daily Courier |
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WHAT MAKES KELOWNA BUZZ |
| 2004-11-30 |
Kelowna was ranked the No. 1 place to do business in western North America based on its cost competitiveness for everything from office space and utilities to house prices and healthcare compared to cities such as Vancouver, Seattle, Phoenix, Las Vegas and San Jose.The Daily Courier |
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A SOLID INVESTMENT |
| 2004-11-30 |
Housing market expected to maintain high values in coming years, with condos especially hotBy MARLA OTRIEN - The Daily Courier
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NEW YORK POST DISCOVERS THE OKANAGAN |
| 2004-08-01 |
| MERGE the Napa Valley wine region outside San Francisco with Lake Tahoe, throw in the rustic Cascade Mountains as a backdrop, and you'll begin to understand what the stunning Okanagan Valley looks like. By Kevin Raub - The New York Post - July 20, 2004 |
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STRONG REAL ESTATE NEWS EXPECTED TO CONTINUE |
| 2004-06-22 |
| From million-dollar properties to trailers, most properties selling in less than 52 days By Darren Handschuh - The Okanagan Saturday |
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OZZIE SAYS: |
| 2003-11-05 |
It doesn't surprise Ozzie Jurock that people are dumping their stocks and getting into real estate instead.
The Daily Courier, November 5, 2003 |
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HOUSING MARKET REMAINS RED HOT |
| 2003-10-11 |
| If you have a house worth less than $200,000 and you’re thinking of selling, do it.
There are so few houses for sale in that price range that it would probably be snatched up quickly.
Capital News October 11, 2003 |
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FIRE ONLY A BLIP DURING REAL ESTATE BOOM |
| 2003-09-10 |
| The Okanagan Mountain Park fire has not stopped people from building and buying homes. After the fires had died down, business is once again booming! |
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BIG WHITE BUILDING BOOM |
| 2003-07-16 |
| A record $150 million worth of real estate is being built at Big White Ski Resort this summer.
xhis development year is three times bigger than our previous record, said resort vice-president Michael Ballingall.
The Daily Courier, July 16, 2003
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REAL ESTATE MARKET RED HOT |
| 2003-03-08 |
| Booming market means there are more buyers looking than houses for sale
Despite rising mortgage interest rates and the possibility of war with Iraq, the Okanagan’s real estate market continues to boom.
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BUY REAL ESTATE IN B.C. - - ITÅ A FAILSAFE INVESTMENT |
| 2003-01-21 |
| Living here will always be in demand
Ozzie Jurock - The Vancouver Sun, December 21, 2002
For the past 33 years, I have had the privilege of talking about investing in real estate to thousands of people. Every year, I tell people why I believe that smart investing in real estate is a good thing and every year I have to defend that position against naysayers.
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RESALE MARKET HOT! |
| 2003-01-11 |
The strong real estate market that produced robust new home construction in 2002 was also evident in resales.
Sales on the Multiple Listing Service by realtors in the Okanagan Mainline Real Estate Board hit a record 7,685 in 2002, representing $1.35 billion worth of real estate changing hands.
Okanagan Saturday, January 11, 2003
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VALLEY HOUSING STATS |
| 2003-01-12 |
| Housing Starts have been healthy in the Okanagan in 2002. They are well off the peak years in the early 90's but are recovering substantially over the last few years' performance. The Market for new homes is expected to remain strong throughout 2003. Prices are at all time high levels. Okanagan Saturday |
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BOOMERS FUEL MARKET |
| 2003-01-11 |
| Luxury condos, rental apartments, subsidized suites, townhouses, starter homes and dream palaces.
Okanagan contractors built them all during 2002, making it a boom year for new-home construction in the Valley.
Okanagan Saturday |
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OUTSIDE MONEY FUELS VALLEY HOUSING BOOM |
| 2002-09-17 |
Itô a boom in a bubble.
The Okanagan's home construction sector is riding high, while the rest of the economy is lagging.
The Okanagan Saturday
September 7, 2002
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BIG WHITE OFFERS REAL ESTATE BARGAINS |
| 2002-09-17 |
Americans can't get enough of prime recreational property The Okanagan Saturday
September 7, 2002
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OKANAGAN HOUSING MARKET BOOMING |
| 2002-08-11 |
Housing starts in Kelowna have more than doubled this year from the same seven-month period last year. The Sunday Okanagan
August 11, 2002
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KELOWNA IS THE PLACE TO BE LIVING, STUDY FINDS |
| 2002-07-07 |
Kelowna has once again been ranked as one of the most affordable places to live in North America.
Capital News, July 3, 2002 |
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HOUSING MARKET HOT! |
| 2002-03-05 |
Housing market hot in cold weather The hot Okanagan housing market continued in February, marking three months in a row of very strong increases over the previous year's sales. |
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RE-SALE HOMES ARE ALSO ON A ROLL |
| 2002-01-12 |
Re-sales in Kelowna, says the Okanagan Mainline Real Estate Board, were also strong in 2001 with sales volume and total values also increasing 19 per cent during the year, to 2,060 and $391 million. |
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HOME CONSTRUCTION STRONG |
| 2002-01-12 |
Defying the general mood of economic gloom, house construction activity in Kelowna in 2001 shot up 19 per cent.The Daily Courier |
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EXPECTED DOWNTURN HASN'T STARTED |
| 2001-11-07 |
Forecasts for a flatter real estate market in the Central Okanagan in the first half of 2002 have done little to discourage those involved in both the residential and commercial property sectors.The Capital News |
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BETTER DAYS LIKELY AHEAD |
| 2001-11-03 |
Stocks and real estate have traditionally rebounded after wars or disastersOzzie Jurock, The Vancouver Sun |
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HOUSING DEAL FINALIZED AT SUNSET RANCH GOLF COURSE |
| 2001-07-25 |
A deal has been signed for the go-ahead of a 400 single family and townhouse development on the Sunset Ranch golf course site.Capital News |
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CRYSTAL MOUNTAIN - SMALL RESORT HAS BIG PLANS |
| 2001-07-10 |
Ten-year plan will add high-speed quad chairs, a golf course and up to three hotels
The Westbank Chamber of Commerce has given tentative support to Crystal Mountainô ambitious $125 Million 10-year expansion proposal.The Daily Courier |
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REAL ESTATE WILL OUTPERFORM TSE |
| 2001-02-02 |
Report Predicts That Real Estate Markets In Canadian Urban Centres Will Outperform The Toronto Stock Exchange By Brian Lewis, Staff Reporter, The Province |
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KELOWNA GROWTH IS DOUBLE VANCOUVER |
| 2001-01-30 |
Kelowna's Growth Is Double Vancouver's, Thanks To The High-Tech IndustryBy Glenn Bohn - The Vancouver Sun |
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BOOMERS AND REAL ESTATE |
| 2001-02-15 |
Boomers Are Especially Fond Of Not Having Steps Anything To Avoid The Dreaded Access Ramps They See Their Parents Putting In By Kristen Wyatt - The Associated Press |
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