Kelownahousehunter Blog

Low Mortgage Rates Boost August Home Sales

Posted by admin on September 14, 2010 | Comments Off

For immediate release

Vancouver, BC – September 14, 2010. The British Columbia Real Estate Association (BCREA) reports that Multiple Listing Service® (MLS®) residential sales in the province declined 35 per cent to 5,590 units in August compared to the same month last year. On a seasonally adjusted basis, MLS® residential unit sales in the province increased 7 per cent in August from July 2010. The average MLS® residential price climbed 4 per cent to $487,804 in August compared to the same month last year.

“August home sales posted the first month-to-month increase since March of this year,” said Cameron Muir, BCREA Chief Economist. “Lower mortgage interest rates and an improving labour market are inducing additional consumer demand.”

“The number of new residential listings in the province has fallen 30 per cent since April,” added Muir. “With fewer new listings, total active listings are now on the decline, signaling that an end to the buyer’s market may be on the horizon.”

Year-to-date, BC residential sales dollar volume increased 8 per cent to $26.9 billion, compared to the same period last year. Residential unit sales rose 2 per cent to 53,717 year-to-date, while the average MLS® residential price climbed 10 per cent to $501,226 over the same period.

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For more information, please contact: 

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.

Support Malcolm Bellinger at the 100 Holes of Golf in One Day

Posted by admin on September 3, 2010 | Comments Off

The Kelowna House Hunter has bravely entered the “100 Holes of Golf in One Day” to raise money for Brain Trust Canada.  This event will be held on Friday September 10th at the Okanagan Golf Club (Bear Course).

Any donations over $10. will receive a tax receipt for their generosity; the goal is to raise $1500 for this worthy cause.

When you think of 100 holes of golf it doesn’t seem like a big number, it wasn’t until later that day that Malcolm realized he’d signed up for 5 and a half rounds of golf in one day!  Malcolm loves golf…but it will be interesting to see how he does as the day progresses.  Start time is at 6 am.  Finishing time…I’m thinking it will be dark out there.

If you are willing to this fund raising special event, please send an email to info@KelownaHouseHunter.com, or give Malcolm a call at 250-215-1414.