Vernon Real Estate Pages

VERNON & AREA

Armstrong Enderby Lumby

This listing is proudly presented by

RE/MAX PriscillA Unobstructed Okanagan lakeview and access to trails and park right out your door from this Turtle Mountain home on a quiet cul-de-sac.

Please call 250-549-7050 or visit www.OkanaganHomes.com

Issue 43 • Sept 21 - Oct 4 , 2018

Greg Barteluk

Robin Baycroft*

Glenn Beach

Murray Bennetto

Maria Besso

Mark Collett

Don Cowan

Doug Cuthbert*

Carla Dahlen

Ryan Danchuk

Brandy DeBartolo

Don Defeo*

Craig Demetrick

Judy Fischer

Debbie Fisher

Gord Fowler

Jacquie Friesen RE/MAX Vernon

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Roger Gates

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Heidi Klein*

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Tannis C. Lavik V. Charlette Lavik

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Shane McMorran* Robert Moorhouse

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Armstrong

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2555 Pleasant Valley Blvd 5405 26 Street Armstrong, BC V0E1B0 Vernon, BC V1T 7G4 250.546.3119 250.503.3477

RE/MAX Vernon

North Valley

Lumby

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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

Brad Marsh

Managing Director Each office independently owned and operated.

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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. ®

®

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Tour 1000’s of homes online at SaltFowler.com

MLS 10167218

MLS 10159229

LU M B Y

COTTAGE CHARM

This charm-filled 3-bedroom cottage at La Casa Lakeside Cottage Resort offers an abundance of amenities, the ideal vacation home and income opportunity!

www.SaltFowler.com |

MLS 10153201

DE CK

$439,900

EN

CV RD

C H K IT MLS 10167969

MLS 10158868

UP DA TE D MLS 10156052

U ST O M

2 UNITS WITH VIEWS An updated two-unit income property with 4 total bedrooms and 4 total bathrooms, a great opportunity for low-maintenance management! $529,900

$299,900

ES 19 0.

$424,900

C

IN CO M E

*Denotes Personal Real Estate Corporation

FAMILY FRIENDLY

This move-in ready and charm-filled 4-bedroom property boasts a great location in desirable East Hill and close to schools, the perfect family home!

EA SE

QUIET COMMUNITY A 3-bedroom energy-smart home on 0.4 acres in a park-like setting, a great opportunity for turnkey living! $375,000 MLS 10167575

W IT H

PR O PE RT Y AC R E 1

BRIGHT & OPEN

MLS 10155602

AC

E R AC 4 0.

MLS 10160703

A charm-filled and open-concept 5-bedroom, 3-bathroom single family home only 20 minutes from Vernon, an ideal property for a large family!

$444,999

$239,900

QUIET CUL-DE-SAC Three-bedroom family home offers privacy and features a roomy covered deck and 2-car garage.

R

U LA YO EA T R G

RURAL CHARM

A 3-bedroom home in a park-like setting close to the waterfront, a great opportunity to have both privacy and access to it all. $364,900

A fabulous combination of vacation home, potential full residency and income property, this Predator Ridge property will go quickly.

Take a look today!

LO T

T

$199,900

TURNKEY PROPERTY

FI NI SH ES

50FT LAKESHORE A 3-bedroom Okanagan Lake cottage in a family-oriented community, a great opportunity for affordable lakefront living!

LA RG E

DECK SPACE

This centrally-located apartment offers wonderful views being ready to move in with being close to it all. Come see it today! $115,000 MLS 10167858

D O W N TO W N

O O R FL 2N D

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IN

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VE

K

ST

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H

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/V IE W

E!

S

C O R N ER

Lisa Salt* & Gord Fowler

BRIGHT & OPEN

BEAUTIFUL VIEWS

A perfectly-located 3-bedroom home on a quiet cul-de-sac close to waterfront and recreational opportunities, the ideal home for a growing family!

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

$574,900

MLS 10161107

Vernon

$749,900

MLS 10165323

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

E

S FL AT E

FE ET 27 8

#1-7779 Okanagan Landing Road Sunday Sept 23, 2:00-3:30pm

CITY & LAKE VIEWS

LAKESIDE TURNKEY

A 4-bedroom family-oriented property with updates inside and out, a great opportunity to move right in!

$575,000

$579,900

MLS 10167736

NEWLY BUILT in 2015 4-bedroom, 3-bathroom end unit in a quiet complex with boat launch and beach, a great opportunity for low-maintenance lakeside living!

$595,000

A 5-bedroom property with abundant space, the ideal property for a large or growing family! $499,999

MLS 10158832

ELEGANT OASIS An amazingly private and thoughtfully-laid out 3-bedroom home on 1.02 acres, a spectacular retreat away from it all! $725,000

MLS 10164467

A spectacular executive-level property filled to the brim with custom design and highend appointments, this handsome Beverly Hills Estates home on 1.13 acres is the ultimate fusion of design and function.

$949,900

G N

G

A ZI

LE MLS 10168195

A M

TR IP

WATERFALL & LAKEVIEWS

MLS 10163941

VA LU

AG A R

AC re !!

O ve r1

A 4-bedroom property with a fabulous fusion of rustic design and contemporary finishes, a great opportunity for the large family!

MLS 10167077

190 Stepping Stones Crescent Sunday Sept 23, 12:00 -1:30pm

E

E SU IT T EN M BA SE

SPALLUMCHEEN ACREAGE

$849,900

MLS 10164719

6553 Eagle Road Sunday Sept 23, 2:00-3:30pm

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

MLS 10163772

IN

$464,900

IT -L IN

LOTS OF SPACE

M

ROOM TO GROW

SU AW

BA SE M EN T

1504 Pottery Road Sunday Sept 23, 12:00 -1:30pm

LA

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!

E

MLS 10168227

SU IT E

$399,999

WELL-MAINTAINED

Spacious 3 bedroom unit on Trout Lake. Tennis Courts, pools & much more!

Call Today! $424,900 MLS 10161511

3001 Allenby Way Sunday Sept 23, 2:00-3:30pm

PO O L

A renovated 4-bedroom, 2-bathroom property in a quiet location, a great family-friendly opportunity!

#68 - 9845 Eastside Road Sunday Sept 23, 2:00 -3:30pm

IN -G RO U N D

BASEMENT SUITE

#95 - 9845 Eastside Road Sunday Sept 23, 12:00-1:30pm

FR O NT AG E

4307 22 Street Sunday Sept 23, 12:00-1:30pm

R

T N FR O W AT ER

N

O

-T

R ES O RT

H

RU

RO A

D

A M EN IT IE S

SUNDAY OPEN HOUSE BLITZ

RARE SERENITY

SACRIFICE SALE

An updated 5-bedroom lake, mountain, and valley view property on a full acre, a hidden gem in desirable East Hill!

You won’t believe the value for this 3 bedroom custom Okanagan lakefront home with views that won’t quit.

Bring your offer today!

$1,249,900

Call 250.549.7258 TODAY and

MLS 10155291

$1,595,000

MLS 10162860

6

The sign you want The Agent you need.

TheRightAgents @RightAgents TheRightAgents.com

YOURREALESTATEPAGES.COM | 7

We are NEVER too busy for your referrals

Steve Wikkerink REALTOR® Heidi Lussi PREC Beate Schmidt REALTOR®

The

Heidi Lussi Real Estate Team

www.heidilussi.com | 250-503-3487 | info@heidilussi.com #53 6588 Hwy 97A

67 Shuswap River Drive

$78,500 Central location! Within minutes from Enderby, Grinrod and Salmon Arm is this cute and very affordable home! This cozy 1 bedroom, 1 bathroom open concept home features a large dining room and a bright sunken living room!

Enjoy the private fenced backyard with a large patio, pergola, and hot tub! 2 garden sheds are an added bonus for extra storage!

MLS®: 10168624

NEW

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…MLS®:10166794

$829,500 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. MLS®: 10150536

198 Cooper Road

$1,490,000

516 Silversage Place

Vernon

$1,545,000 Want to distress from a busy life? Check out this beautiful 160 acres only minutes from Lumby providing privacy and magnificent views of the Monashee Mountains. The main house provides approx. 3000 sqft of cosy living space, large separate 4 car garage with extra wood working shop, equipment shelter plus an older 1 bedroom charming guest home. MLS®:10162796

Vernon is pleased to welcome Alexander Fink to our team of professionals.

Business & Farm

Home & Travel

Auto & RV

All Insurance Services We provide protection options as unique as you are.

250-545-5311 www.jmins.com

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

Born in Russia and raised in Germany, Alexander had the opportunity to learn both languages, as well as English, fluently. Since emigrating in 2005, Alexander has worked in the construction industry, building houses in Vernon from bottom to top. Alexander brings this knowledge of building and management to his real estate business, helping his clients to find their right home.

When he’s not working, he enjoys riding his motorcycle through the beautiful valley, and exploring the outdoors with his wife and four children.

Alexander Fink 250-307-7917 alexander@chrisholm.ca

8 #101 5501 20 Street, Vernon

S

O

LD

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

JANE FIELD

that will move you RRS

LD

· 3 Bdrms + Den, 3 Baths · 55+ gated community of Quail Run · Quartz kitchen counter tops, vaulted ceiling, hardwood flooring. · Open living area · Lots of storage · Move in Ready MLS 10162720

S

jane@vernonrealestate.ca Vernon

MLS 10168205

Choice location for this beautiful 1 bedroom unit in Coldstream Meadows. Lovely second floor views of meadows, mountains & parklike greenery. Open concept, vaulted ceilings, south east facing & shows wonderfully.

One of the best locations for personal use or an investment of this type. Well managed complex with lots of activities, friendly and supportive atmosphere all set in a truly breathtaking area. MLS®10167931

$849,900

1667 Mabel Lake Road, Lumby

NEW: 1709 33 Street

0

,90

9 39

New

MLS 10168454

NEW: #214 9100 Mackie Drive

00

9,9

9 $2

New

250-309-1296

Call me for a FREE market evaluation* 250.938.2830

23 Cochrane Road, Cherryville

Personal Real Estate Corporation

Thinking of Selling?

*Some restrictions apply

5603 - 27th Street Vernon, BC V1T 8Z5

Chrysta Cleverley

Registered Relocation Specialist

#84 124 Sarsons Road, Vernon

O

Cell 250.938.2830 Office 250.503.3755 Toll Free 1.888.503.3755

Experience

$

Now vacant and ready for possession!!

Another quality Parsons Family Homes build. This was the builders own home so there were a lot of extras installed at the time of construction. Georgie Award winning kitchen, rich fir doors and finishings to name a few. Every inch of this fully finished home and property is well thought out.

MLS®10168408

$630,000

1185 Mabel Lake Road, Lumby $

New

NEW: #454 155 Silver Lode Lane

0

,90

9 14

Well priced top floor studio unit in Silver Creek. Strata includes everything except taxes which are low. No GST. Well maintained and close to everything including Silver Star's new gondola! 2 lockers, underground parking, 2 roof top hot tubs, a gym and secure entry. Live in full time or can be rented through Silver Star Holidays if you wish. MLS®10168580

chrystacleverley@remax.net MLS 10168357

$439,900

7220 Lakeridge Place, Vernon,

Kathy Broderick Vernon

MLS 10162316

$679,000

RE/MAX Vernon

250.309.1167

Personal Real Estate Corporation www.broderickrealestate.ca

OKANAGAN PARADISE

GET SAVVY!

2000 Ap ex Court MLS ® 1016 7859

www.OkanaganSavvy.com sav·vy /‘savē/ informal

noun

1. Practical knowledge and shrewdness; the ability to make good judgments. "my realtor truly had real estate savvy"

410 Arnica Lane

13419 W estkal

MLS® 10152361

Road MLS ® 10 168135

Vernon

Robert Moorhouse

Brandy De Bartolo

Personal Real Estate Corporation

Personal Real Estate Corporation

Robert@okanagansavvy.com | 250.540.7515

Brandy@okanagansavvy.com I 250.558.8839

John@johnkristian.ca I 250.550.0234

Buyers Agent

John Kristian

10

Tracy Lauriente

O: 250-549-4161 C: 250-938-2604 doncowan@remax.net

Don Cowan

250.540.4143

vernonbcproperty.com tracylauriente@gmail.com

Vernon

313 Country Estates Place, Vernon

0

0 ,0 59

,1 $1

800 Gardom Lake Rd, Enderby Stunning 28 acre property with custom built home set up for horses.

MLSÂŽ10150368

00

,9 99

$2

Outstanding Views of Vernon Golf Course & Valley!

Outstanding views from this great bare land strata unit. Overlooking the picturesque Vernon Golf Course, this 2 bedroom ( could be 3) rancher with a walkout basement features hardwood floors, open floor plan, oak kitchen, 2 gas fireplaces, double garage and lots of storage space. Low strata fees of $500 per year. Contact me for all the details for this sought after property.

$675,000

MLSÂŽ 10168418

502 - 1607 43 Avenue, Vernon 3 bdrm, 3 bath townhouse.

Well maintained w 2 decks, 3 levels in a great location.

Vernon

With over 30 years selling Real Estate in Vernon, I know the market.

e-Editions available online YourRealEstatePages.com

@REPVernon

Vernon Real Estate Pages

YOURREALESTATEPAGES.COM | 11

Harwood

Desert Cove

Solid 4 bedroom, well maintained home.

Spacious basement with suite potential.

Well maintained 2 bdrm, 2 bath home. Large living room & Dining room combination.

3801 23 Street

820 8 Avenue

MLS® 10167657

MLS® 10168520

www.your5starteam.com

Newly Offered at $499,000

Newly Offered at $329,000

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

Hutch "N" Son 250-558-8728 sidhutch@gmail.com

Vernon

3 bdrm, 1 bath on quiet street close to all amenities.

Fully wired 15x30 detached shop, a carport and a great covered deck. Zoned RM2.

MLS®10163686

Stunning Canadian Lakeview 3 bdrm, 3 bath home. Open concept layout.

Enjoy access to a semi-private community beach and boat launch on Okanagan Lake.

MLS® 10167818

25 Kestrel Place

3913 27 Avenue

$775,000

W

A prestigious family home with two 1 bedroom self contained basement suites with separate entrances. The main floor has 2 bdrms and 2 baths with a jaw dropping view MLS®10167956

4328 Crystal Drive

$699,900

NE

hutchinson.connor@gmail.com 250-309-1633

NE

W

2703 40th Street

$354,900 Investor alert! Full top down duplex located close to downtown and all amenities.

Upper unit has 2 bdrms, 1 bath.

Zoned RM2.

MLS®10167915 $399,900

NE

W

A beautiful, well maintained 3 bedroom and 2.5 bathroom townhouse in the highly sought after Summerwind Estates. Walking distance to Kin Beach.

MLS®10167926

#25 100 Palmer Road W N E I CE PR

9790 Springfield Road

$419,900 Fantastic opportunity to build your dream home on 10+ acres of gently rolling Lavington farm land.

Private setting, easy access.

MLS®10137679 $429,900

12

250.309.0039 chris@chrisholm.ca

Brenda Ellis

Brent Stevenson

REALTOR®

REALTOR®

250.308.4310

250.549.0023

$1,300,000

Diane Callbeck Client Care

REALTOR®

6661 Blackcomb Way

Coleen Klassen Admin Assistant

(unlicensed)

250.307.7917

$749,000

(unlicensed)

#1 - 3535 Wood Avenue

$485,000

Open House Sunday, Sept. 23, 11am - 1pm

MLS#10167739

$465,000

RO N ST

O N N

Open House Sunday, Sept. 23, 11am - 1pm 2330 Heather Avenue

Back on the Market

MLS#10168251

MLS# 10168547

$425,000

$389,900

205 Salmon Arm Drive

Vernon

MLS#10168305

BY ER

Back on the Market

EN

AR

AR

Open House Sunday, Sept. 23, 11am - 1pm

D

N RO

New

M

M

ST

RO

New

ST

N

G

G

2720 Danallanko Drive

New

AR M

VE R

N

New

VE R

O N

G

8836 Crofton Road

Alexander Fink

MLS#10168550

MLS#10166770

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

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

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.

Your Ad Here 250.545.8858

www.YourRealEstatePages.com Vernon Real Estate Pages

@REPVernon

YOURREALESTATEPAGES.COM | 13

Deb

Judy

REALTOR®

REALTOR®

Deveau

Fischer

Your Key to the North Okanagan lex Dup Full

se 3 TED PhaT R S A W O N

$389,000

se & Hourage Ga

$299,000

Call The Key Team at RE/MAX North Valley

Lundquist*

908 George St. Enderby, BC

t rfron Rive ndo Co

603 King Avenue, Enderby Call The Key Team at RE/MAX North Valley - MLS10156123

Brielle View

Bonita

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

712 Hubert Avenue, Enderby Call The Key Team at RE/MAX North Valley - MLS10162089

North Valley

*Personal Real Estate Corporation

es Acr t vel 5 Leiverfron R

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

e in Pridership Own

$290,000

REALTOR®

$849,000 215 Anderson Road, Enderby

$644,900 587 Hunt Road, Swansea Pt. Call The Key Team at RE/MAX North Valley- MLS10158777

5 level acres on Shuswap River with view of the Enderby Cliffs & farm fields.

2+2 Bed, 2.5 Bath, rancher, double garage. Geothermal heat on full basement with 30’x30’ shop w/carport. Generator for backup power. Garden beds.

Call Bonita Lundquist 250-306-8184.- MLS 10164281

The sign you want The Agent you need.

TheRightAgents @RightAgents TheRightAgents.com

BCREA HOUSING FORECAST UPDATE BCREA HOUSING FORECAST UPDATE

February 20172017 February

14

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 Unit Sales

® ($) Average MLS®MLS Price Average Price ($) 2016 2016 2017F2017F 2018F2018F 2016 2016 2017F2017F 2018F2018F BoardBoard Area Area 10,028 9,2509,250 8,5008,500 585,745 10,028 585,745 599,000 599,000 608,000 608,000 Victoria Victoria For immediate release: 27.5%27.5% -7.8%-7.8% -8.1%-8.1% 12.3%12.3% 2.3% 2.3% 1.5% 1.5% 10,532 9,4009,400 8,7508,750 $383,192 10,532 $383,192 $396,000 $396,000 $402,000 $402,000 Vancouver Island Vancouver Island 26.6% -10.7% -6.9% 12.8% 3.3% 1.5% 26.6% -10.7% -6.9% 12.8% 3.3% 1.5% For immediate release: 417 417 390 390 345 345 $284,471 $288,000 $291,000 For immediate release $284,471 $288,000 $291,000 Powell RiverRiver Sunshine CoastCoast Powell Sunshine -11.5% 15.3%15.3% 1.2% 1.2% in the 1% 1% -6.5% -11.5%Indicator Vancouver, BC – August 30, 2018.9.4% The9.4% BCREA-6.5% Commercial Leading (CLI) recovered 40,880 34,000 35,750 40,880 34,000 35,750 1,017,228 1,017,228 942,000 942,000 963,000 963,000 Greater Vancouver Greater Vancouver second quarter following a rare first decline.

The index rose 1.912.7% points to an-7.4% index level of 135.4.

-5.2%quarter -16.8% 5.1% 5.1% 2.2% -5.2% -16.8% 12.7% -7.4% 2.2% Vancouver, BCrepresents – August 30, The BCREA19,700 Commercial Leading (CLI) recovered in $668,000 the $668,000 That increase a 2018.

23,086 18,900 $676,946 $657,000 23,086 19,700 18,900Indicator $676,946 $657,000 FraserFraser ValleyValley 15.1%quarter -14.7% -4.1%-4.1% 1.7% 15.1% -14.7% 17.2%to an-2.9% -2.9% 1.7% second quarter rare2018. first decline.

The index rose 1.917.2% points index level of 135.4.

1.4 per cent rise thea 13, Vancouver, BCfollowing –from August The British Columbia Real Estate Association (BCREA) reports 4,3064,306 3,4003,400 3,1003,100 $397,911 $416,000 $428,000 $397,911 $416,000 $428,000 Chilliwack andof District That represents a Chilliwack and District first quarter 2018.

The that aincrease total 7,055 residential unit sales were recorded the Multiple (MLS®) 37.2% -21% -21% -8.8%by 18.4%18.4%Listing 4.5%Service® 2.9% 37.2% -8.8% 4.5% 2.9% 1.4 peristhe cent risecent fromhigher theJuly, a 23.9 index 2.7 province per 3,181per 2,7002,700 345,528 355,000 362,000 across in decrease the same month year.

3,181cent2,870 2,870 from 345,528 last 355,000The 362,000 Kamloops and District Kamloops and District -9.8%-9.8% down -5.9%-5.9% 2.7% 2017.

2% 2% 23.6% 2.7% Total first ofone 2018.

The thanquarter this MLS® time year ago.price23.6% average residential in BC was $695,990, 0.4 per5.9% cent5.9% from July 10,036 8,4008,400 8,6008,600 $461,791 10,036 $461,791 $468,000 $468,000 $476,000 $476,000 Okanagan Mainline sales dollar volume was $4.9 billion, a 24.2 per cent decline from13.1% July 2017. 1.3% index is 2.7 per cent higher Okanagan Mainline 25.6%25.6% -16.3% 2.4% 2.4% 1.7% 1.7% -16.3% 13.1% 1.3% “Thethis CLI time was propelled than one year ago.

2,4592,459 2,0502,050 1,9751,975 $364,295 $364,295 $351,000 $351,000 $356,000 $356,000 South Okanagan* South Okanagan* higher by strong 21.6%21.6% -16.6% -3.7%-3.7% 11.3%11.3% -3.6%-3.6% 1.4% 1.4% “The BC housing market -16.6% 260 260 285 285 325 325 $233,363 “TheNorthern CLI was propelled manufacturing sales and $233,363 $243,000 $243,000 $248,000 $248,000 continues toLights grapple Northern Lights with -16.7% 9.6% 9.6% 14% 14% -13.4% 4.1% 4.1% 2.1% 2.1% -16.7% -13.4% higher by strong employment growth,” the sharp decline in says 2,9552,955 2,5002,500 2,5752,575 $282,758 $282,758 $286,000 $286,000 $291,000 $291,000 Kootenay Kootenay manufacturing sales BCREA Deputycaused Chief and affordability by 18.2%18.2% -15.4% 3% 2.7% 1.1% 1.7% 1.7% -15.4% 3% 2.7% 1.1% 4,0694,069 4,1004,100 4,2504,250 $263,703 employment growth,” says Economist tough newBrendon mortgage $263,703 $265,000 $265,000 $269,000 $269,000 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% qualification rules,” said BCREA Deputy“This Chiefsuggests Ogmundson.

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 Cameron Muir, BCBCREA Total Economist Brendon strong performance in the 9.5% 9.5% -14.1% -0.6%-0.6% 8.6% 8.6% -4.9%-4.9% 1.5% 1.5% -14.1%

Commercial Leading Indicator Bounces Back in Second Quarter

Commercial Leading Indicator Bounces Back in Second Quarter Summer Home Sales Slow to a Simmer

Chief Economist.

Ogmundson.

“This suggests industrial sector through the “However, less frenetic strong balanceperformance of the year.”in the housing has the industrialdemand sector through 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.

The trend in the CLI created more balanced balance of the year.”has flattened somewhat over the past six months, which signals continued positive, if somewhat slower,in growth in commercial real estate activity. market conditions many The British Columbia Real Estate Association (BCREA) is the is the The British Columbia Real Estate Association (BCREA) Send questions and comments aboutabout the Housing Forecast to: to: Send questions and comments the Housing Forecast regions, leading to fewer The trend in the CLI has flattened somewhat over the in BC,in professional association for more than 20,000 REALTORS BC,past six months, which signals continued positive, professional association for more than 20,000 REALTORS Cameron Muir, Chief -30-activity.

Cameron Muir, Economist, Chief Economist, if focusing somewhat slower, growth in commercial real estate onoffers provincial issues that impact real estate.

Working with with multiple and more focusing on provincial issues that impact real estate.

Working cmuir@bcrea.bc.ca; 604.742.2780 cmuir@bcrea.bc.ca; 604.742.2780 province’s 11 real11estate boards, BCREABCREA provides continuing thefor province’s real estate boards, provides continuing index, click here. choice consumers.”

Totheview the full BCREA Commercial Leading Indicator 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

®

®

professional education, advocacy, economic research and and -30professional education, advocacy, economic research ® ® provide value for their standard forms to help REALTORS provide value for clients. their clients. standard forms to help REALTORS For more information, please contact:

Brendon Ogmundson, Economist, Brendon Ogmundson, Economist, bogmundson@bcrea.bc.ca; 604.742.2796 bogmundson@bcrea.bc.ca; 604.742.2796

Year-to-date, residential salesLeading dollar volume down per cent to $37 billion, To view the fullBC BCREA Commercial Indicatorwas index, click18.9 here.

Additional economics information is available on on Brendon Ogmundson Additional economics information available To demonstrate the profession’s commitment to improving Quality To demonstrate the profession’s commitment to improving Quality unit sales decreased compared with the same period in 2017.

Residential 20.6 periscent to BCREA’s website at: www.bcrea.bc.ca.

BCREA’s website at: www.bcrea.bc.ca.

Deputy Chief Economist of Life BCinformation, communities, BCREA supports policies that help ofinLife in BC communities, BCREA supports policies that help For more please contact: 50,926 units, while the average MLS® residential price was up 2.1 per cent to $725,639.

Direct: 604.742.2796 ensure economic vitality, provide housing opportunities, preserve ensure economic vitality, provide housing opportunities, preserve To sign forup BCREA news releases by email visit: visit: Brendon Ogmundson Toup sign for BCREA news releases by email the environment, protect property owners and build better Mobile: 604.505.6793 www.bcrea.bc.ca/news-and-publications/publications/ the environment, protect property owners and build better www.bcrea.bc.ca/news-and-publications/publications/ Deputy Chief Economist manage-subscriptions. communities with good and safe manage-subscriptions. communities with schools good schools andneighbourhoods. safe neighbourhoods.

Email: bogmundson@bcrea.bc.ca Direct: 604.742.2796 -30Mobile: 604.505.6793 The British Columbia Real Estate Association (BCREA) is the professional association for about 23,000 Email: bogmundson@bcrea.bc.ca For more information, please contact: REALTORS® in BC, focusing provincial that impact with the province’s 11 Housing Forecast is published quarterly by theon British Columbia Realissues Estate Real estate boards, real estate associations and REALTORS may reprint this content, Housing Forecast is published quarterly by the British Columbia Real Association.

Estate Association.

Realreal estateestate. boards, realWorking estate associations and REALTORS may reprint this content, provided that credit is given BCREA by including the following statement: “Copyright British British Columbia Real Estate Association.

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

Reprinted with permission.”

Cameron Muir real estate boards, BCREA provides continuing professional education, advocacy, economic research and The BCREA British Columbia Real Estate Association (BCREA) is the professional association for about 23,000 BCREA makes no guarantees as to the or completeness of this information. makes no guarantees asaccuracy to the accuracy or completeness of this information.

2 2 Chief Economist standard forms to focusing help REALTORS® provide value forimpact their clients.

REALTORS® in BC, on provincial issues that real estate.

Working with the province’s 11 1420 Direct: - 1420 701 Georgia Street Street West, PO BoxPO 10123, PacificPacific Centre,Centre, Vancouver, BC V7YBC 1C6 604.683.7702 | Fax:| 604.683.8601 | Email: bcrea@bcrea.bc.ca - 701604.742.2780 Georgia West, Box 10123, Vancouver, V7Y |1C6Phone: | Phone: 604.683.7702 Fax: 604.683.8601 | Email: bcrea@bcrea.bc.ca real estate boards, BCREA provides continuing professional education, advocacy, economic research and Mobile: 778.229.1884 standard forms to help REALTORS® provide value for their clients.

Email: cmuir@bcrea.bc.ca ®

®

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 | Chief Executive Officer Darlene Hyde |

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

President James Palanio President James Palanio Past President Jim Stewart Past President Jim Stewart

| | | |

President-Elect Michael Trites President-Elect Michael Trites Chief Executive Officer Darlene Hyde CEO Darlene K. Hyde

bcrea@bcrea.bc.ca | 604.683.7702 (tel) bcrea@bcrea.bc.ca (tel) www.bcrea.bc.ca || 604.683.7702 604.683.8601 (fax) www.bcrea.bc.ca | 604.683.8601 (fax)

| |

604.683.7702 (tel) 604.683.8601 (fax)

1420 –– 701 701 Georgia Georgia Street Street W, W, PO PO Box Box 10123, 10123, Pacific Pacific Centre, Centre, Vancouver, Vancouver, BC BC V7Y V7Y 1C6 1C6 1420 | | | |

Vernon

*Personal Real Estate Corporation

OkanaganHomes.com | 250.549.7050

Bella Vista

Westmount

Spallumcheen

7011 Bella Vista Road

2724 Howser Place

161 & 173 L&A Cross Road

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House With Overheight 4 Bay Garage!

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Rural Acreage With Industrial Potential!

1.8 Level acres in two legal titles. Currently zoned A2 but not in ALR. .76 Acre designated Industrial in OCP. Solid level entry 2214 sq.ft. home with 2 bedrooms, 1 ½ baths, gas heat, and part basement for storage. Very functional 22’ x 40’ shop.

Storage shed.

$559,000

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Okanagan Landing

Armstrong

Bella Vista

8854 Okanagan Landing Road

4605 Lansdowne Road

3808 Ridgemount Court

Subdivision Potential And Lake Views!

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$749,000

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mls 10162074

mls 10161132

Rodney Shanks

Heather Paulsen

Alan Stier

Craig Demetrick

REALTOR®

REALTOR®

REALTOR®

REALTOR®

rodney@okanaganhomes.com heather@okanaganhomes.com alan@okanaganhomes.com craig@okanaganhomes.com

Unobstructed Okanagan lakeview and access to trails and park right out your door from this Turtle Mountain home on a quiet cul-de-sac. Beautifully landscaped yard and welcoming courtyard entry. Top quality finishing on both levels including impressive ensuite, soundproof theatre and family room with wet bar!

mls 10162825

Barb Williamson* Priscilla Sookarow REALTOR®/Managing Broker

Owner/REALTOR®

barb@okanaganhomes.com info@okanaganhomes.com *Personal Real Estate Corporation

See us at RE/MAX Vernon 5603 27 Street Vernon, BC

Outstanding Agents.

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