According to the latest publication by BCREA, mortgage rates are at a 3 year high. "Since our second quarter forecast, our projected rise in mortgage rates has occurred and accelerated, as the Bank of Canada—spurred by economic growth that far exceeded its outlook—turned suddenly hawkish. The Bank surprised with a 25-basis point increase in July and then again in September, taking its overnight rate back to 1 per cent, where it was before the precipitous drop in oil prices th
According to the Kootenay Real Estate Board, data compiled in 2016 indicates that over half of our buyers were local (within the West Kootenays), followed by Alberta, then the Lower Mainland. It will be interesting to see how things shape up for 2017 which has proven to be a very hot market in the West Kootenays so far this year.
“BC home sales in August remained unchanged from July, on a seasonally adjusted basis," said Cameron Muir, BCREA Chief Economist. "Strong economic conditions are underpinning demand. However, rising home prices combined with upward pressure on mortgage interest rates is expected to temper demand over the balance of the year." For full article click here.
This .553 acre parcel has easy access and low bank waterfront and a perfect build site that will maximize your views and sun exposure. Water and sewer is at the lot line and the property is ready for you to build your dream home - or have the most amazing property to pull your RV onto. Kootenay Lake Village offers many excellent amenities including 20 kilometers of private walking, hiking and mountain bike trails crossing over 200 acres of common land, parks, lookouts and com
This historic and grand residence was built in 1914 by Edgar Smith as a private home for himself and his 6 children who emigrated from England. This 3 bed, 3 bath home christened “Earsham Lodge” has been extensively renovated with great care taken to preserve the original heritage features. This home stands proudly facing west on the largest lakefront lot in a co-operative ownership setting consisting of 23 separate lots totaling 7.5 acres. Originally surrounded by extensive
Outstanding Fairview location with views of the lake, a fully fenced back yard, privacy trees, fruit trees, and multiple herbal and flower gardens. The kitchen and dining room present newly finished maple hardwood floors and a custom kitchen with bamboo counter tops and bay window over the sink. Placed neatly in the corner of the living room stands a new gas fireplace/stove for ambiance and secondary heat. Oak hardwood floors flow throughout the rest of the main floor. Featur
Vancouver, BC – August 31, 2017. The British Columbia Real Estate Association (BCREA) released its 2017 Third Quarter Housing Forecast update today. “British Columbia's position as the best performing economy in the country is bolstering consumer confidence and housing demand," said Cameron Muir, BCREA Chief Economist. "Strong employment growth, a marked increase in migrants from other provinces, and the ageing of the millennial generation is supporting a heightened level of
Quiet, peaceful, and private level 0.47 acre waterfront property located at the bottom of MacGregor Road only 15 minutes from Nelson. Away from the highway noise on a quite no-through street, waterfront homes for sale in this area are rare – this is an opportunity you don’t want to pass up. Enjoy breathtaking sunrises, brilliant sunny days, and spectacular sunsets from the expansive front deck looking beyond the meticulously landscaped grounds out towards your private dock,