New Ridge course at Predator one of B.C.’s best

Posted by on June 30, 2010 | Comments Off

Vernon course opens for play on Thursday

By Brad Ziemer, Vancouver SunJune 29, 2010 4:02 PM

The par-4 sixth hole at the new Ridge course at Predator Ridge in Vernon.

Photograph by: Handout photo, Vancouver Sun files

VERNON — The news isn’t all bad for golfers on Canada Day.

Sure, thanks to the HST we’re getting slapped with a seven-per-cent increase on green fees, but British Columbians at least have another must-play golf course to visit.

The new Ridge course at the Predator Ridge resort in Vernon officially opens for play on Thursday and it’s not a stretch to call it one of B.C.’s best.

Doug Carrick, whose only previous work in B.C. produced the highly acclaimed Greywolf course at the Panorama Resort in Invermere, has created a new course that plays as good as it looks. And that is saying something because some of the holes at the Ridge are visually stunning.

Carrick had a wonderful piece of property to work with, but parts of it were extremely rugged. He managed to create a number of truly memorable holes, some of which offer outstanding views of Lake Okanagan.

Carrick, who has done most of his work in his home province of Ontario, drew upon some of his experience working in the rugged Muskoka region of that province in doing the routing at Predator’s Ridge course.

Like Muskoka, the Ridge site was full of granite rock and rather than blast it all away, Carrick used it to frame fairways and provide a natural look to the course.

“We have done some projects in Muskoka where we have exposed rock, so I thought this was a great opportunity to really feature it throughout the golf course,” Carrick said during a recent sneak preview of the course. “That is always a challenge when you get into rugged terrain and rocks like this. You want to make those features part of the golf course, but you also want to make the course one golfers will enjoy and not lose too many golf balls. The challenge is where do you find that line between playable golf and natural landscape.”

Carrick likes to think he has created a course that golfers of all levels can play, providing they choose the right tee. The Ridge course has four tees and can be played anywhere from 5,047 to 7,123 yards.

“The golf course is designed for golfers of all ability,” Carrick says. “The fairways are relatively generous for the most part. It’s tough to do that on a site like this where you have such a wild, rugged landscape, but wherever we had the room we tried to do that. The green entrances for the most part are open so you can run the ball onto the green.”

And Carrick, who has a reputation for loving his bunkers, didn’t use nearly as many as he normally does on the Ridge.

“I am a real bunker guy and sometimes get criticized for using too many bunkers,” he says. “Sometimes you need them on a site where there isn’t a lot of natural character to draw from. Here there is lots of that.”

Consequently, there are only 41 traps on the Ridge course.

Still, it would be wrong to suggest the Ridge course is a pushover. While the fairways are for the most part generous and there are not a lot of forced carries, there will be times when you find yourself standing over a shot that plays with your head. Carrick likes to think that is all part of the golf experience.

At Predator, one such challenge occurs on the tee of the par 4 sixth, a dramatic, downhill par 4 where you tee off through a narrow chute with trees left and a huge rock face on the right. There’s actually more room than it appears as the fairway widens the further you hit it. But it will be a scary shot for many.

“That is probably the most intimidating tee shot on the golf course,” Carrick says. “There are little things like that I think make the golf course unique and put a little bit of doubt in a golfer’s mind when they stand on the tee and they are not sure and a little bit uncomfortable about hitting that shot when in reality the fairway opens up.”

Part of the Ridge course will have a familiar feel to it for those who have played the old Peregrine nine at Predator. That nine, originally designed by Les Furber, is part of the new 18 at the Ridge, although the existing nine holes were all bulldozed and regraded.

“There really wasn’t a square inch of the Peregrine nine that we didn’t touch,” Carrick says. “It was regraded, redeveloped and there were a number of issues related to not only playability but to drainage and some turf aspects. It was a complete rebuild and it helped give the two nines a consistent character.”

The Ridge course opens Thursday for players who are staying at the Predator Ridge resort. Full public play opens Aug. 1. The Ridge course carries the Okanagan’s highest green fee. It will cost $160 (including power cart and range balls) to tee it up in peak season. That’s $20 more than the existing Predator course.

In the not too distant future, the two courses will alternate daily for public and private play similar to the way the Semiahmoo and Loomis Trail courses near Blaine do.

Predator Ridge general manager Rod Cochrane thinks the addition of the Ridge course will further solidify Predator’s standing as one of the country’s top golf resorts. It should also help drive real estate sales for Wesbild, the Vancouver-based company that bought the resort in 2007.

“We think the Ridge course will be on most golfers’ must-play list,” Cochrane says. “And people that have played Predator before now have another reason to visit us.

“What is very important for us is to get people to stay at the resort. If you have got two golf courses on site it makes a lot more stronger case for golfers to want to stay at our Lodge and make it their base for their visit. The more people we get staying here and feeling what Predator is all about the more people may possibly consider living here in the future.”

bziemer@vancouversun.com

© Copyright (c) The Vancouver Sun

Kelowna earns spot on Canada Monopoly board

Posted by on June 24, 2010 | Comments Off

By Kathy Michaels – Kelowna Capital News
Published: June 22, 2010 11:00 AM
Updated: June 22, 2010 2:16 PM

Children could give babyboomers a run for their money when it comes to investing in Kelowna real estate. Though speculators beware —it won’t improve market value beyond a sticker price of $39.99.

Hasbro toy company released the results of a competition that had residents of cities across Canada vying for a piece of Monopoly real estate.

And, when all was said and done, this slice of the Okanagan replaced Virgina Avenue on a Canadian Monopoly board set to be released later this week.

“We’re really excited about this,” said Catherine Frechette of Tourism Kelowna.

“Now when families are playing together it keeps Kelowna top of mind as a topic of conversation. Children will ask ‘where is this’ or ‘where is that?’ and it’s a really exciting and a fun way to build awareness and intrigue.”

This city’s inclusion in the game is the direct result of some diligent mouse clickers who registered their desire for board game supremacy daily over the course of a winter-long, Canada-wide competion.

When it started, Kelowna was among the 65 pre-selected cities that interested parties had to click on to have steal a coveted spot in the Top 22.

“That’s when we put out the passionate plea to get people excited about it,” said Frechette, noting that Kelowna is bundled along with St. Johns Newfoundland and North Bay, Ont.

“It puts you on a tier of cities that are intriguing and interesting in and of themselves.”

While Kelowna residents were angling for top spots, the coveted sky-blue cards that usually belong to Park Place and Boardwalk went to Saint-Jean-Sur-Richelieu, Que and

Chatham-Kent, Ontario, respectively.

List of all cities included on the board:

* Dark Blue: Chatham-Kent, Ont.; Saint-Jean-Sur-Richelieu, Que.

* Green: Calgary; Sarnia, Ont.; Edmonton.

* Yellow: Windsor, Ont.; Quebec City; Trois-Rivières, Que.

* Red: Medicine Hat, Alta.; Gatineau, Que.; Shawinigan, Que.

* Orange: Kawartha Lakes, Ont.; Chilliwack, B.C.; Montreal.

* Magenta: Kelowna, B.C.; North Bay, Ont.; St. John’s.

* Light Blue: Ottawa, Toronto, Vancouver.

* Brown: Beauceville, Que.; Banff, Alta.

 

Filed Under: Kelowna Real Estate

B.C. home sales to fall while prices climb, analyst predicts

Posted by on June 14, 2010 | Comments Off

B.C. home sales to fall while prices climb, analyst predicts

Inventory rose 19 per cent in May, B.C. Real Estate Association reports

By Carla Wilson, Times ColonistJune 8, 2010

Average home prices are expected to rise by six per cent this year, the B.C. Real Estate Association said in its housing forecast, released yesterday.

Average home prices are expected to rise by six per cent this year, the B.C. Real Estate Association said in its housing forecast, released yesterday.

Photograph by: Darren Stone, Times Colonist, Times Colonist

The number of B.C. home sales is forecast to drop this year even as housing prices for the year are expected to rise from 2009, said a new report.

Average home prices are anticipated to climb by six per cent this year over last, to $494,600, said Cameron Muir, B.C. Real Estate Association chief economist, said in his housing forecast released yesterday.

“That really represents the price increases that have already happened.” Prices reflect sales of all types of homes sold through the multiple listing service.

“We are looking at quite stable pricing going forward,” Muir said from Vancouver.

Next year will see average prices for homes rise by one per cent to $499,700, he said.

“Strong consumer demand in Vancouver, Victoria and the Fraser Valley was largely responsible for driving the average home price in the province higher over the last three quarters,” he said.

“However, demand has moderated in those markets and a larger inventory of homes for sale has pulled market conditions into balanced territory, providing less upward pressure on home prices.”

Greater Victoria home sales dropped in May to 695, down from 756 in April. At the same time, inventory moved up to 4,500 in May, an increase of 19 per cent year-over-year.

In the capital region, the average price of a single-family house was $646,483 in May, up from $624,149 the previous month. The median price was $594,500.

Total residential sales for the province are anticipated to shrink by three per cent to 82,350 units this year, from last year’s total of 85,028, Muir said.

In 2011, sales will likely step up by four per cent to 85,900, he said.

“Eroding affordability will trim home sales by three per cent this year despite improving economic conditions and related employment growth.

“The push-and-pull of positive economic growth versus rising mortgage interest rates is expected to keep B.C. home sales near their 10-year average of 85,569 units both this year and next.”

cjwilson@tc.canwest.com

© Copyright (c) The Victoria Times Colonist

 

Filed Under: News and Updates

Housing starts solid as mortgage rates watched

Posted by on June 11, 2010 | Comments Off

From Nanaimo BC

Island residential construction jumps 37%, signalling stronger economic conditions

By Darrell Bellaart, The Daily News June 9, 2010
 

The house-building industry is back producing homes at a rate comparable pre-recession rates in 2008.

The Canadian Mortgage and Housing Corporation, the federal agency that monitors the housing industry, is reporting solid year-over-year numbers in residential construction during the past year in its May industry report.

House construction is generally a good indicator of any economy and after a drop in activity on the Island, markets are now continuing a turnaround evident since the spring. A surge in apartment construction put Nanaimo ahead of the rest of the Island last year, but this year the emphasis is back on traditional, single detached homes.

Nanaimo’s housing industry started work on 390 units January through May, a 37% increase from the same period last year. May’s figures are similar, with 87 units started, a 25% increase over the same month last year.

Island-wide the industry was up 164% year-over-year, with 1,665 units compared to 624 in the first five months of 2010. Despite having the Island’s highest house prices, Victoria got the biggest chunk of that increase, with 979 new houses started, more than four times the 222 units started up until May 2009.

The market is still shy of its banner years — 2005 and 2008 — but builders are glad to see the industry turned around.

“It may be getting back to normal,” said Doug Bromage of InSight Developments, Nanaimo’s largest developer. “There may be a push to beat any impending interest rate hikes.”

CMHC reports 200 are in single-family housing, more than half of Nanaimo’s new growth.

“Your average house in Nanaimo is still under $400,000 and there is that big a wage gap between Nanaimo and Victoria,” said Travis Archibald, CMHC analyst.

DBellaart@nanaimodailynews.com

© Copyright (c) Canwest News Service

 

Filed Under: News and Updates

Welcome to the Kelowna House Hunter Blog

Posted by on June 9, 2010 | Comments Off

Well here we go, my first post on our new blog!

My goal is to provide you with interesting bits of information, as to what I’m up to, changing conditions in the Kelowna and Okanagan real estate market, along with all of my daily adventures as a House Hunter.

This is one of my favourite pictures of the beautiful Lake Okanagan.

So no more delays…let’s get going!

Housing Market Push and Pull: Economic Growth Versus Affordability

Posted by on June 7, 2010 | Comments Off

For immediate release

Housing Market Push and Pull: Economic Growth Versus Affordability
BCREA Housing Forecast – Second Quarter 2010

Vancouver, BC – June 7, 2010. The British Columbia Real Estate Association (BCREA) released its Housing Forecast for the second quarter of 2010 today.

BC Multiple Listing Service® (MLS®) residential sales are forecast to ease back 3 per cent from 85,028 units in 2009 to 82,350 units this year, before increasing 4 per cent to 85,900 units in 2011.

“Eroding affordability will trim home sales by 3 per cent this year despite improving economic conditions and related employment growth,” said Cameron Muir, BCREA Chief Economist. “The push and pull of positive economic growth versus rising mortgage interest rates is expected to keep BC home sales near their 10-year average of 85,569 units both this year and next.”

The average MLS® residential price is forecast to climb 6 per cent to $494,600 this year and remain relatively unchanged in 2011, albeit increasing by 1 per cent to $499,700.

“Strong consumer demand in Vancouver, Victoria and the Fraser Valley was largely responsible for driving the average home price in the province higher over the last three quarters,” added Muir. “However, demand has moderated in those markets and a larger inventory of homes for sale has pulled market conditions into balanced territory, providing less upward pressure on home prices”

- 30 -

The full BCREA Housing Forecast is available at: www.bcrea.bc.ca/economics/HousingForecast.pdf.

For more information, please contact:

Cameron Muir Damian Stathonikos
Chief Economist Director of Communications and Public Affairs
Direct: 604.742.2780 Direct: 604.742.2793
Mobile: 778.229.1884 Mobile: 778.990.1320
Email: cmuir@bcrea.bc.ca Email: dstathonikos@bcrea.bc.ca

BCREA represents 12 member real estate boards and their approximately 18,000 REALTORS® on all provincial issues, providing an extensive communications network, standard forms, economic research and analysis, government relations, applied practice courses and continuing professional education (cpe).

To demonstrate the profession’s commitment to improving Quality of Life in BC communities, BCREA supports policies that encourage economic vitality, provide housing opportunities, respect the environment and build communities with good schools and safe neighbourhoods.

For detailed statistical information, contact your local real estate board. MLS® is a cooperative marketing system used only by Canada’s real estate boards to ensure maximum exposure of properties listed for sale.

 

Filed Under: News and Updates

 

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