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Real Estate

Solid consumer confidence drives strong Okanagan housing market

OKANAGAN - As goes the weather, so goes real estate activity, according to the Okanagan Mainline Real Estate Board, which is reporting a cooling of sales in September after a robust summer. The Central Okanagan and Shuswap markets continue to strengthen and see an improvement year-to-date over last year,” board president Christopher Miller says in...

February home sales best in years says real estate board report

KELOWNA – After a disappointing start to 2015, the Okanagan Mainline Real Estate Board is reporting a 34 per cent improvement in home sales in February compared with the same month in 2014. “After a more than usual slowdown in January, Okanagan-Shuswap home sales rallied along with consumer confidence during February despite weaker economic conditions...

Biggest jump in Okanagan real estate sales in seven years

OKANAGAN – Real estate sales across the Okanagan had the biggest jump in seven years last December, according to the Okanagan Mainline Real Estate Board. Overall the region saw sales increase 24 per cent during the last month of 2014, with apartment sales up a massive 42 per cent over the previous year. Townhouse and...

Splatsin First Nation acquires portion of rail corridor

ENDERBY - There’s been a significant advancement on the discontinued rail corridor between Armstrong and Sicamous. Following lengthy negotiations with Canadian Pacific Rail and the federal government, the Splatsin First Nation has acquired 29.25 acres of land along the old rail corridor, which was shut down in 2009. Splatsin Chief Wayne ‘Wunuxtin’ Christian says the...

Kelowna’s housing prices will continue to climb in 2015

KELOWNA – It’s going to continue to be a seller’s market in Kelowna over the next year as low interest rates combine with low inventory to drive prices up. According to RE/MAX Housing Market Outlook Report, the 2015 average residential sale price in Kelowna rose seven per cent over 2014. Although that is one per...

Housing sales continue to rise

KELOWNA – The housing market in the Kelowna and Vernon areas shows no signs of slowing down with sales up fifteen per cent in October compared to the same month in 2013. Numbers released by the Okanagan Mainline Real Estate Board show a jump of fourteen per cent in the Central Okanagan and twelve per...

Consumer confidence, low mortgage rates mean increase in home sales

KELOWNA – The home sales numbers are out for the Central and North Okanagan from last month, and according to the people selling the properties, it was the strongest September since 2005. Sales activity statistics from the Okanagan Mainline Real Estate Board show the Central Okanagan lead the way with a 32 per cent increase...

A new chapter begins in the storied life of the Hotel El

KELOWNA – After more than a year of aggressive interest and offers from Kelowna real estate development company Argus Properties, Hotel Eldorado owner Jim Nixon decided the time was finally right to sell after 25 years. “They wanted what I wanted,” Nixon says on Argus’ plans for the hotel, marina and restaurant. “It’s a local...

Hotel Eldorado sold

KELOWNA – The iconic Hotel Eldorado has been sold but previous owner Jim Nixon says nothing is going to change. Nixon made the announcement and informed staff Tuesday, saying it was a hard decision. The hotel, restaurant and marina has been under the same ownership for 25 years, and Nixon says he was not planning on selling...