COMMERCIAL BUILDING: 104 Silica Street, Nelson, BC This well known commercial building is right in the heart of the action in "Railtown". Significant upgrades and renovations in 2007, brought the building up to code and separated the space into 5 leaseable units totaling 10,145 sqft and 525 sqft of covered parking.
Vancouver, BC – December 15, 2016. REALTORS® and the British Columbia Real Estate Association (BCREA) welcome the announcement by Premier Clark and Minister Coleman of the new BC Home Owner Mortgage and Equity Partnership program. “The introduction of this program will address the affordability gaps that, as a REALTOR®, I hear about every day,” says BCREA President Deanna Horn. “We thank Premier Clark and Minister Coleman for introducing this valuable program to assist first time home buyers in entering the marketplace.“ The province has taken steps to address housing affordability by investing in affordable rental housing and transitional and emergency housing. The BC HOME Partnership will
The Trump Effect What a difference a few months can make. Early in the fall the Federal government made sweeping changes to mortgage qualification rules, the most prominent being the requirement that all insured homebuyers qualify at the posted 5-year fixed rate. The change in qualification rules for homebuyers means that the posted 5-year rate has become much more binding and will now have a more immediate and impactful effect on mortgage demand than in the past. Additionally, less publicized changes such as eliminating the availability of insurance on mortgages with greater than 25-year amortizations or potential default insurance risk sharing, are putting upward pressure on rates offered
Here is a great article on TIPS FOR SELLING YOUR HOME IN WINTER from HGTV. Five simple tips to maximize the showing potential of your home in winter. Click here or on the picture to view the article:
LIKE MY FACEBOOK PAGE! From now until December 18th I will donate $1.00 to the Nelson Food Cupboard for every new person who likes my John Knox - Nelson Real Estate Facebook page. Already like my page - no problem! Simply share this post and I'll donate a $1.00 for each share as well. Let's see how much money we can raise together by December 18th !! All money raised by your likes and shares will be dropped off at the "Like the Dickens" Fundraiser event on December 18th. Cheers!
With the number of new listings and sales being down in the City of Nelson in November, the rural areas more than made up for the lack of activity in the City last month. Number of new listings were up from 12 in October to 14 in November. Number of homes sold were substantially up from 12 homes being sold in October to 23 being sold in November! But again, more homes are being sold than listed so buyers will need to act quickly when a property of interest becomes available.
The number of new listings in the month of November for the City of Nelson has taken a dramatic nose dive. Only 4 new listings were reported in the City in November 2016 compared to 14 in October. Number of sales in Nelson remain fairly steady with 17 sales reported in October and 16 in November. What does this mean to current buyers? They will need to be extra diligent in the next couple of months in their home search to find the right property.
This well known commercial building is right in the heart of the action in "Railtown". Significant upgrades and renovations in 2007, brought the building up to code and separated the space into 5 leaseable units totaling 10,145 sqft and 525 sqft of covered parking. Electrical service upgraded to single 3-phase with individually metered, T8 electrical lights with electronic ballasts. Water service inside the building and the city connection and shutoff was replaced. Sewer for the building was also replaced. Gas service was replaced with individual meters and a new HVAC for the retail and warehouse units was installed. All doors including the warehouse and retail fronts were replaced with fire
The good times continue...Home sales recorded through the MLS® System of the Kootenay Real Estate Board came in roughly on par with year-ago levels for October 2016. 259 homes sold in October 2016, edging down 0.4% (one sale) on a year-over-year basis. Sales of all property types numbered 309 units in October 2016, up 8.4% from October 2015. On a year-to-date basis, home sales were up 15.5% compared to the first 10 months of 2015. Based on that, 2016 still remains on pace to be the best year for sales since 2007. According to the Kootenay Real Estate Board: “Home sales held steady at strong levels in October, coming in above both the five and 10-year averages for the month, With just two mon
