Vernon Real Estate Pages

VERNON & AREA

Armstrong Enderby Lumby

This listing is proudly presented by

V. Charlette Lavik Horse Enthusiasts Take Note! Prime location beside the Vernon Riding Club.

Outstanding 3B/2B Heritage Home nestled on 5.03 groomed acres. mlsŽ10167110. Call 250-307-5588 or visit www.vcharlettesweb.com Issue 41 • Aug 24 - Sept 6, 2018

Greg Barteluk

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2555 Pleasant Valley Blvd 5405 26 Street Armstrong, BC V0E1B0 Vernon, BC V1T 7G4 250.546.3119 250.503.3477 Each office independently owned and operated.

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908 George St Box 188 2095 Shuswap Ave 5603 27 Street 108-152 Silver Lode Lane Enderby, BC V0E 1V0 Lumby, BC V0E 2G0 Vernon, BC V1T 8Z5 V1B 3W9 250.547.9266 250.549.4161 250.838.0025 250.549.4161

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We hope you enjoy our magazine brought to you by the RE/MAX REALTORS of the North Okanagan and Silver Star Media Inc. ®

®

To see your home advertised here call one of these RE/MAX agents today.* ®

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Tour 1000’s of homes online at SaltFowler.com

VIEWS GALORE

LAKESIDE LIVING

ED DE CK

EP R

LA RG E

FI S A G 2

MAIN FLR MASTER

Spectacular lake, mountain, and valley views set the tone for this bright a open-concept 5-bedroom, 3-bathroom property! $647,900 MLS 10150214

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$924,900

$1,099,000

MLS 10164697

www.SaltFowler.com |

25+ USABLE ACRES

A professionally-built custom-built log home with 5 bedrooms and 3 full bathrooms, a spectacular retreat for the recreational-fanatic or privacy-seeker!

$1,450,000

A 5-bedroom open-concept Middleton Mountain home, a great opportunity for the large family looking for space! $759,999

MLS 10165323

O PE N

FA BU LO US

D O O N N A

270-DEGREE VIEWS

BEAUTIFUL VIEWS

LA YO U T

R S

LO CA TI O N

MLS 10162865

A 3-bedroom, 3-full bathroom executive level home within The Rise community, a rare opportunity to experience breathtaking lake views daily!

*Denotes Personal Real Estate Corporation

CV RD

LA C

IT SU T EN M SE BA

$429,999

A 3-bedroom log home located in a rural setting with breathtaking views, a great opportunity for those looking for a peaceful retreat!

MLS 10164685

MLS 10165263

ROOF TOP PATIO

A spectacular one bedroom unit within The Strand with roof-top patio and breathtaking lake views, a great opportunity for low-maintenance and turnkey lakefront living! $339,900 MLS 10166916

ES

MLS 10165253

ABUNDANT UPDATES A move-in ready 4-bedroom home filled with updates, a great opportunity property in a family-oriented neighborhood.

R N EA E LA K

CUSTOM LOG HOME

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$299,999

B Y

MLS 10156107

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$249,999

LO T

$424,999

U

A 1-bedroom, 1-full bathroom turnkey home in a premiere waterfront community, a wonderful opportunity for a low-maintenance lifestyle.

AT FL

CENTRAL LOCATION

This potential-rich 0.5 acre boasts flexible zoning for a multitude of building options, a great opportunity for local development!

LL YF FU

STRAND STUNNER

A 1-bedroom, 1-full bathroom movein ready home within The Strand community, a wonderful opportunity for a maintenance-free lifestyle.

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A perfectly-located lot with breathtaking views to inspire you, the ideal location for your dream home! $229,900 MLS 10152324

IS H

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Lisa Salt* & Gord Fowler

MLS 10164522

Vernon

SPACIOUS & MODERN A 4-bedroom plus den property with spectacular lake views, and ideal opportunity for low-maintenance living! $1,149,999 MLS 10166821

It’s not the market… it’s the marketing.

N MLS 10165634

O A

$464,900

$549,999

$575,000

MLS 10158024

TW O -B ED

7429 Sun Peaks Drive Sunday Aug 26, 1:00-2:30pm

190 Stepping Stones Crescent Sunday Aug 26, 3:00-4:30pm

ELEGANT OASIS An amazingly private and thoughtfully-laid out 3-bedroom home on 1.02 acres, a spectacular retreat away from it all! $749,999

MLS NEW

MLS 10163941

IMPRESSIVE VIEW

A like-new 5-bedroom property overlooking two lakes and the city.The ideal home for the discerning buyer! $799,999

MLS 10164769

FT

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2B D R M

KA L

P 'S 32 'x 24

PANORAMIC VIEWS

With views to take your breath away, this 3 bedroom Ridge Home with 2 master suites within The Outback on Okanagan Lake truly speaks for itself.

$424,900

SU IT E

MLS 10163772

H O

FU R N IS H ED #142 - 9845 Eastside Road Sunday Aug 26, 1:00 -2:30pm

PARK-LIKE SETTING

2 bedroom, 1 bath in the main house with great living space. Additional 2 bedroom, 1 bath guest house next door. On just under half an acre with lakeviews and waterfront nearby.

LA KE

LOTS OF SPACE

A contemporary and thoughtfully-laid out 5-bedroom property with separate suite, a great opportunity with income potential!

MLS 10164776

MLS 10164719

IN -G RO U N D

BA SE M EN T

1504 Pottery Road Sunday Aug 26, 1:00-2:30pm

A move-in ready 4-bedroom home with most substantial updates completed, a great opportunity for the growing family.

$849,000

PRIVATE

This 3 bedroom fully detached Forest Cabin complete with casita offers the ideal layout plus extensive deck and patio area, privacy among the green space and a lovely view through the trees to OK Lake.

Boat slip available separately!

PO O L

D R YA IV AT E PR

WELL-MAINTAINED

411 Killarney Way Sunday Aug 26, 3:00-4:30pm

SU IT E

$349,900

4321 Crystal Drive Sunday Aug 26, 3:00-4:30pm

SI S

FR O

LAKE VIEWS

A 3-bedroom open-concept home with great bones, ideal for the fixer-upper looking to create the home of their dreams!

#68 - 9845 Eastside Road Sunday Aug 26, 3:00 -4:30pm

SU IT E

MLS 10166987

9569 Houghton Road Sunday Aug 26 , 1:00-2:30pm

25 4

CLOSE TO RECREATION Move-in ready and entirely turnkey, this two-bedroom, two-bath plus den property won’t disappoint, it’s not a drive-by!

W AT ER

SC R EE N ED -P

G O RG EO US

#111-9510 Highway 97 Sunday Aug 26, 1:00-2:30pm

$335,000

T

O R C H

G AR DE NS

SUNDAY OPEN HOUSE BLITZ

1748 Eagle Rock Road Sunday Aug 26, 3:00 -4:30pm

SERENE SETTING

3.09 ACRE LOT

With an incomparable attention to detail, this four bedroom property will surely go fast.

Take a look today!

A 6-bedroom country estate with incredible mountain views, the entertainer’s dream home!

$899,000

MLS 10162086

$2,599,999

Call 250.549.7258 TODAY and

MLS 10166692

LIKE NO OTHER

The largest private and most outstanding Kalamalka Lakeside property, this waterfront retreat is an incredible opportunity for the discerning buyer looking for something remarkable.

$12,400,000

MLS 10165450

6

The sign you want The Agent you need.

TheRightAgents @RightAgents TheRightAgents.com

YOURREALESTATEPAGES.COM | 7

Parkview Heights

Coldstream

2 bdrm, 2 baths, 1100 sqft is in this sought after 55+ Complex. These units sell fast!

Well kept 1768sqft home has 3bdrm, 2 bath, A Rancher that sits on a park like Lot.

#1 3906 Pleasant Valley Road

Open House: Sunday Aug 26, 1-3pm

8311 Kalavista Drive

www.your5starteam.com MLS® 10166792

MLS® 10159451

Newly Offered at $249,000

Offered at $799,900

Cliff Wenger REALTOR®

P. 250.549.4161 C. 250.309.0289 TF. 1.800.667.2040 cliff@your5starteam.com

Tammy Stein REALTOR®

P. 250.549.4161 C. 250.306.9974 TF. 1.800.667.2040 tammy@your5starteam.com

Vernon

Vernon is pleased to welcome Rob Nobert to our team of professionals.

When Rob moved to Vernon he fell in love with the area and the lifestyle that it promotes, so much so he wanted to share this feeling and welcome others to find their special place here in the Okanagan. “I love all that the Okanagan has to offer, from world class golf courses to amazing lakes and mountains, there is so much beauty just waiting to be explored right in our back yard!”

INC

SilverStarMedia.ca 250.545.8858

The Real Estate Pages is published by Silver Star Media Inc., 3118 32nd Ave, Vernon, BC V1T 2L9. Reproduction of any photographs, artwork or copy is strictly prohibited without prior written consent of the publisher. All advertised properties are subject to prior sale or withdrawal without notice. Neither The Real Estate Pages nor Silver Star Media Inc are a registered real estate broker and this magazine offer is not an effort to assist in the buying or selling of real estate. The advertisers and publisher are not responsible or liable for misinformation, misprints or typographic errors.

Having spent many years in the sales and service industries Rob understands the importance of taking his time to get to know his clients. By focusing on building trusting, long lasting relationships he aims at delivering top results not just in the present deal but also on the ones to come.

As your Realtor, Rob will be an advocate for you. Whether you are buying or selling, with his helpful nature and attention to detail he will work tirelessly to promote your best interests.

Rob Nobert 250-608-2972 RobNobertRealEstate@gmail.com

Steve Wikkerink REALTOR®

We are NEVER too busy for your referrals

Heidi Lussi PREC Beate Schmidt REALTOR®

The

Heidi Lussi Real Estate Team

www.heidilussi.com | 250-503-3487 | info@heidilussi.com 1681 Sugar Lake Road

#34 8859 Adventure Bay Road New Price

Open House Aug 25 - 26, Sat. & Sun. 11am – 2pm

Sugar Lake Recreational Properties keeps getting better! OPEN HOUSE, come out and view the resort including the newest addition, the floating dock and boat slips.

Lots Starting at $44,500

Gorgeous 1 bed, 1 bath cottage with incredible Okanagan Lake view. Part of Adventure Bay units with private beach & wharf. Price includes 2 boat buoys. $316,750 MLS®:10160771

Vernon

1600 Mountain View Ave New

Over 24 acres of gently sloped land, a wide variety of trees and amazing views all at the edge of the village of Lumby! Buy as a hobby farm and build your dream home or possibly a 2 family estate. R1 and R2 zoning will also catch the developers attention.

Great Opportunity....Bring your ideas!

$320,000 MLS® 10161686

67 Shuswap River Road

516 Silversage Place

205 Hwy 97S

New

Hybrid Timber Frame Home nestled amongst trees. 3 bedrooms, 3 bath, open design, 2 fireplaces, great heating system. 19.74 acres, approx. ½ fairly level with gentle slopes, pond, parklike setting, rail fencing & concrete foundation for a guest house. Access Shuswap River right across the street. Bring your family, animals & toys.

$839,500 MLS®: 10150536

Contemporary Tuscan home professionally designed inside and out surrounded by park land, total privacy, City, mountain/lakeview 4311 sqf of quality living, multiple outdoor patios up and down modern gourmet kitchen, high end appliances and built-ins Sonance speakers throughout, quartz, granite and concrete counters, Geo thermal and infloor heating/ cooling, 400 bottle wine cellar, much more…

$1,490,000 MLS® 10166794

Kal Lake Country Estate with incredible lake & mountain views. 9.12 acres, gently rolling, custom quality home, triple car garage. Detached 27’x60’ shop, animal shelters, fully fenced and cross fenced.

Ideal location between Vernon and Lake Country.

$1,850,000 MLS®:10145617

For ALL listings visit www.heidilussi.com

YOURREALESTATEPAGES.COM | 9 #12 2200 40 Avenue, Vernon

#8 1117 Mt. Fosthall Dr., Vernon

2501 15th Street, Vernon

w ,9 Ne 349

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Desirable Parkdale townhouse rancher unit. 2 bedroom, 2 bathroom, very well maintained!

MLS 10166857

Amazing Views of the Valley and Lights of the City of Vernon. Hillside Sensation, 4 Bdrm, 6 private decks & cathedral ceilings. MLS 10155661

EASTHILL C-1 Commercial zoned investment property, with 3 residential suites & 1 popular business lease space.

MLS 10144861

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Maria Besso (250) 308-1152 | mariabesso@shaw.ca | www.mariabesso.remax.ca

Vernon

Your Home, Our Passion 0 ,00 97 $1

NEW - #101 8000 Highland Rd, Vernon Your Opportunity to live 'Year Round' or 'Invest' in the Lifestyle at Swan Lake Recreational Resort! Resort features a Salt Water Pool, Clubhouse, Hot Tub, general landscape maintenance plus of course, 'Happy Hour!'

An Immaculate 1 Bdrm/1 Bath home with sliding glass door that opens to covered patio.

MLS®10166787

0 ,00 03 $5

Business & Farm

All Insurance Services

Home & Travel

$

V. CHARLETTE LAVIK TANNIS C. LAVIK LAVIK (REAL ESTATE) GROUP RE/MAX ARMSTRONG ‘ OKANAGAN COUNTRY ’

3923 32 St. Vernon, BC V1T 5P2 Monday thru Friday: 7:30-5:30, Saturday: 9:00-5:00

Deb

Judy

REALTOR®

REALTOR®

Deveau

Fischer

$409,500 19 Eastside Road, Grindrod Call The Key Team at RE/MAX North Valley - MLS10164111

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$824,900

Call The Key Team at RE/MAX North Valley - MLS10163563

lavikvc@shaw.ca

159 Twin Lakes Road, Enderby Call The Key Team at RE/MAX North Valley - MLS10164197

Lundquist* REALTOR®

908 George St. Enderby, BC

North Valley

*Personal Real Estate Corporation

m Roo

s Toy for

$299,000 #15-303 Regent Avenue, Enderby Call The Key Team at RE/MAX North Valley - MLS10148790

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$675,000

Bonita

1-888-609-7764 250-838-0025

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Rive

90 Mat Road, Enderby

250 307 5588

Armstrong

Your Key to the North Okanagan t rfron

Acres 12.29

$1.499.000.

4374 Hallam Road, Armstrong

First time offered on the market!! Nestled in LAND : LOCATION: LIFESTYLE: the prime (ALR) agricultural Armstrong land42 ACRES (Two Titles) scape, levelsurrounded productive farmland by horse farms, hay farms, orchards and magnificient views! A Sweet Irrigation Rights Package for your family awaits! 7.38 Approx. 30 Acres of cultivatedCountry hay land with balance fenced ACRES of fenced hay land / pasture, plus a and treedlarge pasture well established country garden com® plete Numerous with fruit trees. MLS 10161447 Custon Home: 2nd Dwelling: Outbuildings

250-545-5311 www.jmins.com

Auto & RV

MLS 10157647

0

,90

4 77

We provide protection options as unique as you are.

3767 Glover Avenue, Armstrong New Listing! Location & Convenience!

Awesome 4 Bedroom, 3 Bath Family home located in a private and peaceful area of Armstrong. French doors lead onto a fully screened and covered deck. Perfect for entertaining and family visits. Heated double garage and 12 x 12 shed. ® MLS 10165121 MLS 10156571 $1.150.000.

$439,000 30 Stoney Road, Enderby

$289,000 805 Regent Avenue, Enderby Call The Key Team at RE/MAX North Valley- MLS10158322

Peace, quiet & privacy on this 4.94 acre, 2 bedroom, 2 bath 2008 Manufactured home on 1120 sqft. of unfinished walk out basement (roughed in for ½ bath) waiting for your design ideas. 10’x45’ deck & covered patio areas. RV/toy shed 14’x56’.

Call Bonita Lundquist 250-306-8184.- MLS 10164580

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$499,000

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$399,000

11815 Torrent Drive, Coldstream

This five bedroom, two bath home offers the highly desirable Coldstream lifestyle with easy walking distance to premier schools, Kalamalka Park trails, baseball diamonds, dog park and the emerald waters of Kalamalka Lake.

MLS® 10166902 2103 27 Crescent, Vernon

Imagine your own affordable piece of the famed "East Hill Crescents" lifestyle. Easy walking distance to schools, parks and downtown, 3 bedroom, 2 bath rancher/basement has a great layout and is situated on a large lot with a back alley.

MLS® 10163000 6322 Freeman Drive, Coldstream Charming home features large lot, beautiful gardens, manicured landscaping & RV parking. Main level has open living area, large deck perfect for entertaining, downtstairs family room has wood burning fireplace plus storage room. Easy walking distance to Lavington Elementary, swimming pool & park. MLS® 10162703

Personal Real Estate Corporation

250.550.4203 dougcuthbert.com

Your Ad Here 250.545.8858

www.YourRealEstatePages.com Vernon Real Estate Pages

@REPVernon

The sign you want The Agent you need.

TheRightAgents @RightAgents TheRightAgents.com

YOURREALESTATEPAGES.COM | 11

250.309.0039 chris@chrisholm.ca

Brenda Ellis

Brent Stevenson

Shelby Bouchard

REALTOR®

REALTOR®

250.549.0023

250.309.9969

250.308.4310

$1,425,000

5370 Bolean Lake Road

Yania Greenaway Admin Assistant

(unlicensed)

$750,000

(unlicensed)

3314 McKechnie Drive

$629,900

RO N MLS#10161871

$487,500

(unlicensed)

ST

LA N

MLS#10161009

168 Crown Crescent

$469,900

MLS#10161159

#1 & #2 2650 Pleasant Valley Rd. $399,900+GST

N RO ST M AR

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RN

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4010 & 4012 19th Street

Kendra Scarrott Admin Assistant

AR M

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431 Golfview Place

Diane Callbeck Client Care

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REALTOR®

MLS#10162624

MLS#10156458 & 10156461

MLS#10165099 & 10165166

Because the world is online, so are all of our listings.

Vernon

View our listings + 100's more at ChrisHolmRealEstate.ca

e-Editions available online YourRealEstatePages.com

@REPVernon

Vernon Real Estate Pages

DonKassa

REALTOR ® SERVICES

250.549.4161 www.DonKassa.com donkassa@donkassa.com #2305 7343 Okanagan Landing Rd.

6255 Okanagan Landing Road

Vernon

903 Raffan Road

Lease

A third floor 2 bed, 2 bath corner unit in The Strand. Full time occupancy possible with payment of GST & City fee. Units may now be financed.

U/ground parking, hot tub, pool, storage locker.

$308,000

MLS®:10163128

9286 Kokanee Road

Industrial lease space on Okanagan Landing Road. 5,145 square feet on the main to be leased at $8/sq. ft. with additional 1,250 square foot mezzanine to be leased at $2/sq. ft. Dedicated parking. Private washrooms.

$8/sq.ft.

MLS®:10163560

989 Mt Ida Lane

7.72 commercially zoned acres in Armstrong, BC. 836 feet of frontage adjacent to Hwy 97A. 8,550+ sq. ft. concrete block building with various ceiling heights adaptable to a number of uses. High exposure, gravel base, easy access.

$3,000,000

MLS®:10164771

3502 East Vernon Road

New Price

Country setting, very private 1 acre lot, close to town. 5 bdrms, 4 bths, + den, well maintained. Large covered deck, great view. Bsmt has tons of room & self contained suite. Lots of parking, double garage, unfinished area for media room.

$699,000

MLS®:10161387

Gorgeous and thoughtfully finished interior on this like-new home with no GST payable. Check out the sweeping views from the large covered deck. 3 bdrms, 3 baths + 1bdrm suite, 3138 sq ft. High end finishings + stainless appliances.

$774,900

MLS®:10166870

Rancher w/ pool on 2 acres. 34x30 shop, separate barn, detached 2 car garage. Home has been virtually rebuilt in the last 5 years. Rural setting yet close to town for schools, shopping, & amenities. Great home for a family w/ room for toys!

$798,000

Please visit our website www.DonKassa.com

MLS®:10164305

YOURREALESTATEPAGES.COM | 13

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7290 Longacre Drive, Vernon · 3 Bdrms, 3 Baths · Very clean 3 level split · In ground swimming pool · Very private backyard, pasture behind.

MLS 10154354 $579,900

JANE FIELD

that will move you RRS

LD

#101 5501 20 Street, Vernon

S

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Cell 250.938.2830 Office 250.503.3755 Toll Free 1.888.503.3755

jane@vernonrealestate.ca

Experience

· 3 Bdrms, 3 Baths · Desirable Roxborough community · Hardwood flooring · Vaulted ceilings & floor to ceiling living room windows. · Double garage · Fully fenced backyard MLS 10163948 $445,000

Vernon

Registered Relocation Specialist

Thinking of Selling?

Call me for a FREE market evaluation* *Some restrictions apply

5603 - 27th Street Vernon, BC V1T 8Z5

250.938.2830

We Help Your Business

INC

SilverStarMedia.ca 250.545.8858

BCREA HOUSING FORECAST UPDATE BCREA HOUSING FORECAST UPDATE

February 20172017 February

14

For immediate release HoH u so iunsgi nFgo rFeocr ae sc ta sStu m r ya r—y F—i r Fs itr sQtu Q a rutaerrt e r S ummam Unit Sales

® ($) Average MLS®MLS Price Average Price ($) 2017F2017F 2018F2018F BoardBoard Area Area For immediate release 10,028 9,2509,250 8,5008,500 585,745 10,028 585,745 599,000 599,000 608,000 608,000 Victoria Victoria 27.5%27.5% -7.8%-7.8% -8.1% 12.3% 2.3%(BCREA) 1.5% Vancouver, BC – August 13, 2018.

The British Columbia Real Association reports -8.1%Estate 12.3% 2.3% 1.5% 10,532 9,400 8,750 $383,192 $396,000 $402,000 10,532 9,400 8,750 $383,192 $396,000 $402,000 that a total ofIsland 7,055 residential unit sales were recorded by the Multiple Listing Service® (MLS®) Vancouver Island Vancouver For immediate release 26.6%26.6% -10.7% -6.9%-6.9% 12.8%12.8% 3.3% 3.3% 1.5% 1.5% -10.7% across the province in July, a 23.9 per cent 390 decrease from the same month last year. The 417 417 345 345 $284,471 $288,000 $291,000 390 $284,471 $288,000 $291,000 Vancouver, BCSunshine – August 13, 2018.

The British Columbia Real Association (BCREA)Total reports Powell River Sunshine CoastCoast Powell River average MLS® residential price in BC was $695,990, 0.4Estate per15.3% cent from July 9.4% -6.5%-6.5% down -11.5% 1.2% 2017.

1% 1% 9.4% -11.5% 15.3% 1.2% that adollar total of 7,055was residential unit sales were recorded by the Multiple Listing Service® (MLS®) 40,880 35,750 1,017,228 942,000 sales volume $4.9 billion, a 24.234,000 per cent decline from July 2017.

40,880 34,000 35,750 1,017,228 942,000 963,000 963,000 Greater Vancouver Greater Vancouver -5.2% -16.8% 5.1% 12.7% -7.4% 2.2% across the province in July, a 23.9 per the same month -5.2%cent decrease -16.8% from 5.1% 12.7% last year.

-7.4% The 2.2% 23,086 19,700 18,900 $676,946 $657,000 $668,000 23,086 19,700 18,900 $676,946 $657,000 $668,000 average MLS® residential price in BC was $695,990, down 0.4 per cent from July 2017.

Total Vancouver, BC – market August 13, 2018. The British Columbia Real Estate Association (BCREA) reports FraserFraser Valley “The BC housing Valley 15.1%15.1% -14.7% -4.1%-4.1% 17.2%17.2% -2.9%-2.9% 1.7% 1.7% -14.7% sales dollar volume $4.9 billion, a 24.2were per cent decline fromMultiple July 2017. that a total of 7,055 residential unit4,306 sales recorded the Listing Service® (MLS®) continues to grapplewas with 4,306 3,4003,400 3,100by $397,911 $416,000 $428,000 3,100 $397,911 $416,000 $428,000 Chilliwack and District Chilliwack and District across thedecline province per cent-21% decrease from the same month year.

37.2%37.2% -8.8%-8.8% 18.4% 4.5% the sharp in in July, a 23.9 -21% 18.4% last 4.5% The2.9% 2.9% 2,8702,870 down 2,7002,700 362,000 “The BC MLS® housing market 3,181 345,528 362,000 average residential in BC was $695,990, 0.4 per345,528 cent from 355,000 July355,000 2017. Total affordability caused by price3,181 Kamloops and District Kamloops and District 23.6% -9.8% -5.9% 5.9% 2.7% 2% 23.6% -9.8% -5.9% 5.9% 2.7% 2% continues grapplewas with sales volume $4.9 billion, a 24.2 per cent decline from July 2017. toughdollar newtomortgage 10,036 8,4008,400 8,6008,600 $461,791 10,036 $461,791 $468,000 $468,000 $476,000 $476,000 Okanagan Mainline the sharp decline in said Okanagan Mainline qualification rules,” 25.6%25.6% -16.3% 2.4% 2.4% 13.1%13.1% 1.3% 1.3% 1.7% 1.7% -16.3% affordability caused by “The BC housing market 2,4592,459 2,0502,050 1,9751,975 $364,295 Cameron Muir, BCREA $364,295 $351,000 $351,000 $356,000 $356,000 SouthSouth Okanagan* Okanagan* 21.6%21.6% -16.6% -3.7%-3.7% 11.3%11.3% -3.6%-3.6% 1.4% 1.4% tough new mortgage -16.6% continues to grapple with Chief Economist.

260 260 285 285 325 325 $233,363 $233,363 $243,000 $243,000 $248,000 $248,000 qualification rules,” the sharp decline in said Northern Lights Northern Lights “However, less frenetic -16.7% 9.6% 9.6% 14% 14% -13.4% 4.1% 4.1% 2.1% 2.1% -16.7% -13.4% Cameron Muir, BCREA affordability caused housing demand hasby 2,9552,955 2,5002,500 2,5752,575 $282,758 $282,758 $286,000 $286,000 $291,000 $291,000 Kootenay Kootenay Chief Economist. tough new mortgage 18.2% -15.4% 3% 2.7% 1.1% 1.7% 1.7% 18.2% -15.4% 3% 2.7% 1.1% created more balanced “However, less frenetic $263,703 $265,000 $265,000 $269,000 $269,000 qualification rules,” market conditions insaid many 4,0694,069 4,1004,100 4,2504,250 $263,703 BC Northern BC Northern -3.4% 0.8% 3.7% -0.4% 0.5% 1.5% 1.5% -3.4% 0.8% 3.7% -0.4% 0.5% housing demand has Cameron Muir, BCREA regions, leading to fewer 112,209 95,770 112,209 96,345 96,345 95,770 691,144 691,144 657,026 657,026 666,657 666,657 BC Total created more balanced BC Totalmore Chief Economist. multiple offers and 9.5% 9.5% -14.1% -0.6%-0.6% 8.6% 8.6% -4.9%-4.9% 1.5% 1.5% -14.1%

Unit Sales Summer Home2017F Sales Slow to a Simmer 2016 2016 2018F2018F 2016 2016 2017F

Summer Home Sales Slow to a Simmer Summer Home Sales Slow to a Simmer

market conditions in many “However, less frenetic choice for consumers.” regions, demand leading to fewer housing has multiple offersBC and more sales dollar volume was down 18.9 per cent to $37 billion, created more balanced Year-to-date, residential BCREABCREA Economics provides timelytimely research, analysis and information on economic factorsfactors affecting BritishBritish Columbia and itsand housing markets.

Economics provides research, analysis and information on economic affecting Columbia its housing markets. choice for consumers.” market conditions manyperiod compared with theinsame in 2017. Residential unit sales decreased 20.6 per cent to regions, leading to fewer 50,926 while the average MLS® residential price Send wasquestions up 2.1and per cent to $725,639.

The British Columbia Real Estate Association (BCREA) is the is the Theunits, British Columbia Real Estate Association (BCREA) comments aboutabout the Housing Forecast to: to: Send questions and comments the Housing Forecast Year-to-date, BC residential sales dollar volume was down 18.9 per cent to $37 billion, multiple offers and more in BC, professional association for more than 20,000 REALTORS professional association for more than 20,000 REALTORS in BC, Cameron Muir, Chief Cameron Muir, Economist, Chief Economist, focusing on provincial issues that impact realin estate.

Working with with unit sales compared with the same period 2017.

Residential decreased 20.6 per cent to focusing on provincial issues that impact real estate.

Working choice for consumers.” cmuir@bcrea.bc.ca; 604.742.2780 cmuir@bcrea.bc.ca; 604.742.2780 the province’s 11 real estate boards, BCREA provides continuing theunits, province’s 11 realthe estate boards, BCREA provides continuingprice was up 2.1 per cent to $725,639.

50,926 while average MLS® residential -30Brendon Ogmundson, Economist, Brendon Ogmundson, Economist, professional education, advocacy, economic research and and professional education, advocacy, economic research Year-to-date, BC residential sales dollar volume was down 18.9 per cent to604.742.2796 $37 billion, bogmundson@bcrea.bc.ca; bogmundson@bcrea.bc.ca; 604.742.2796 provide value for their clients. standard forms to help REALTORS standard forms to help REALTORS provide value for their clients. compared with the same period in 2017. Residential unit sales decreased 20.6 per cent to For more information, please contact: Additional economics information is available on on Additional economics information is available To demonstrate the profession’s commitment to improving Quality To demonstrate the profession’s commitment toresidential improving Quality -3050,926 units, while the average MLS® price BCREA’s wasBCREA’s up 2.1website per cent to $725,639.

Cameron Muir website at: www.bcrea.bc.ca. at: www.bcrea.bc.ca.

NOTE: The Northern Lights Lights Real Estate Board (NLREB) became part ofpart the South Real Estate Board (SOREB) on January 1, 2011.1, 2011.

NOTE: The Northern Real Estate Board (NLREB) became of the Okanagan South Okanagan Real Estate Board (SOREB) on January *Excluding Northern Lights Lights *Excluding Northern

®

®

®

®

of LifeofinLife BC in communities, BCREABCREA supports policies that help BC communities, supports policies that help

Chief Economist ensure economic vitality, provide housing opportunities, preserve ensure economic vitality, provide housing opportunities, preserve To sign forup BCREA news releases by email visit: visit: Toup sign for BCREA news releases by email For more information, please contact: Direct: 604.742.2780 the environment, protect property owners and build better www.bcrea.bc.ca/news-and-publications/publications/ the environment, protect property owners and build better www.bcrea.bc.ca/news-and-publications/publications/ Mobile: 778.229.1884 Cameron Muir manage-subscriptions. communities with good and safe manage-subscriptions. communities with schools good schools andneighbourhoods. safe neighbourhoods. -30Email:Economist cmuir@bcrea.bc.ca Chief Direct: 604.742.2780 For more information, please contact: Mobile: 778.229.1884 Cameron Muir Housing Forecast is published quarterly by the British Columbia Real Estate Real estate real estate and REALTORS may reprint this content, Housing Forecast is published quarterly by the British Columbia Real Association.

Estate Association.

Real boards, estate boards, real associations estate associations and REALTORS may reprint this content, Email: cmuir@bcrea.bc.ca provided that credit is given BCREA by including the following statement: “Copyright British British Columbia Real Estate Association.

Reprinted with permission.” thatGeorgia credit is to given to BCREA by including the following statement: “Copyright Columbia Real Estate Reprinted with permission.”

1420 –Economist 701 Street W, PO Box 10123, Pacific Centre, Vancouver, BCAssociation.

V7Y 1C6 Chiefprovided ®

®

2 Direct: 604.742.2780 President James Palanio | President-Elect Michael Trites | bcrea@bcrea.bc.ca | 604.683.7702 (tel) Darlene K. Hyde | CEO www.bcrea.bc.ca 604.683.8601 (fax) Jim Stewart 1420Past - 1420 701 President Georgia Street West, PO BoxPO 10123, PacificPacific Centre,Centre, Vancouver, BC V7YBC 1C6 604.683.7702 | Fax:| |604.683.8601 | Email: bcrea@bcrea.bc.ca - 701 Georgia Street West, Box 10123, Vancouver, V7Y |1C6Phone: || Phone: 604.683.7702 Fax: 604.683.8601 | Email: bcrea@bcrea.bc.ca Mobile: 778.229.1884 BCREA BCREA makes makes no guarantees as to the or completeness of this information. no guarantees asaccuracy to the accuracy or completeness of this information.

2

1420 701 Georgia Street W, PO Box 10123, Pacific Centre, Vancouver, BC V7Y 1C6 Email:– cmuir@bcrea.bc.ca President James Palanio Past President Jim Stewart

| |

President-Elect Michael Trites CEO Darlene K. Hyde

| |

bcrea@bcrea.bc.ca www.bcrea.bc.ca

| |

604.683.7702 (tel) 604.683.8601 (fax)

1420 – 701 Georgia Street W, PO Box 10123, Pacific Centre, Vancouver, BC V7Y 1C6 President James Palanio Past President Jim Stewart

| |

President-Elect Michael Trites CEO Darlene K. Hyde

| |

bcrea@bcrea.bc.ca www.bcrea.bc.ca

| |

Vernon

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