Kelowna Real Estate News

Kelowna Real Estate News

REAL ESTATE NEWS: KELOWNA

mortgage rules impacting loans

Feds ease up on tough mortgage rules

The mortgage rules aren’t as tough today as they were one week ago, thanks to the Bank of Canada’s decision to lower its five-year benchmark qualifying rate to 5.19 per cent. This marks the first downward move since September 2016,…

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REMAX Home Value Estimator tool home page

RE/MAX Launches New Home Value Estimator

RE/MAX is pleased to announce the launch of its new Home Value Estimator in Canada, in partnership with Teranet and now available to consumers on REMAX.ca. “Today’s homebuyers and sellers are savvier than ever, and most do their own research before reaching out…

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Bank of Canada interest rate announcement

Bank of Canada makes its latest interest rate announcement

In its latest interest rate announcement, the Bank of Canada is maintaining its overnight interest rate target at 1.75%, marking its sixth straight decision to hold steady, since raising it last October. The Bank justified its decision citing an improving... Read More
renovation to yield the best return on investment

Is a Renovation Worth the Return on Investment? Consumers think so.

One of your objectives as a homebuyer – and ultimately, a home seller – is to achieve the highest return on investment. A hot property value boils down to a number of factors, such as location, proximity to public transit,…

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remax recreational-property report cover image

2019 survey reveals Millennials’ interest in recreational property higher than ever

The RE/MAX 2019 Recreational Property Trends survey conducted by Leger finds that the majority of Millennials (56 per cent) are in the market to purchase a recreational property. This is up 14 per cent from last year, when just 42…

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News that Bank of Canada holds rate

Bank of Canada holds rate at 1.75%

In a widely anticipated move, the Bank of Canada holds its rate steady at 1.75%, citing the economic slowdown in late 2018 and early 2019. This marks the fifth consecutive time that the Bank has maintained its key rate, since…

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Single Home Buyers Report image

Single Home Buyers Hesitant to Purchase, Despite Strong Financial Means and Low Debt

Twenty-six per cent of single Canadians are considering purchasing a home on their own, with Atlantic Canada leading the pack at 34 per cent Fifty-two per cent of single Canadians said economic uncertainty and expensive home prices are the biggest…

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Housing Market Outlook Report blog header with blue living room

RE/MAX 2019 Housing Market Outlook

CANADIAN HOME PRICES EXPECTED TO INCREASE BY 1.7 PER CENT IN 2019 Modest price increases are expected in 2019, as the RE/MAX 2019 Housing Market Outlook estimates the average sales price to increase by 1.7 per cent. Housing markets across... Read More
Spring housing market

Brighter days ahead for spring housing market, despite impact of regulatory changes

New stress test regulations prompt Canadian homebuyers to increase budgets, re-evaluate home features or delay their purchase Toronto/Kelowna April 10, 2018 // RE/MAX has released its 2018 Spring Market Trends Report, revealing that more than one in four Canadian homebuyers are feeling pinched... Read More
Spring Market Trends blog header

RE/MAX 2018 Spring Market Trends Report

NEW STRESS TEST REGULATIONS PROMPT CANADIAN HOMEBUYERS TO INCREASE BUDGETS, RE-EVALUATE HOME FEATURES OR DELAY THEIR PURCHASE. WHILE HOMEBUYERS ARE FEELING THE IMPACT OF REGULATORY CHANGES, THE SPRING MARKET FORECASTS BRIGHTER DAYS AHEAD. A recent RE/MAX survey conducted by Leger... Read More