February 7th, 2020
Here's a snapshot of where buyers came from, based on sales processed in our Penticton office of Royal LePage:

What's next in the market?

September 29th, 2014
The housing market in the Okanagan is cyclical with five to seven years for each cycle. Since the last peak in the spring of 2008, this year's accelerated activity indicates we are now heading into a new Up cycle. Typically there's a period of stabilization of up to two years where prices hold their own before they start rising again. 

If this is the case, here's what the next 12 months sh ...

Community Pages

December 13th, 2011

The following information can be found under the Communities tab. We're in the process of creating a page for each of the communities in the South Okanagan. We will be updating these pages on a regular basis with information and details specific to each area. The pages feature embedded links to websites that offer services and/or more detailed information.
We welcome any comments an ...

High-tech Tools

October 17th, 2011
High-tech tools in real estate mean buyers get information instantly!

Gone are the days of putting up a sign, taking a few pictures and running some ads when a property is listed. The real estate industry is leading the way in getting information about properties almost instantly to potential buyers. Here are some of the latest tools:

QR Codes: Working on the same concept as bar codes, QR codes ...

Video touring!

August 4th, 2011

2275 Carmi Road, Penticton, B.C.

Looking for a good laugh? Check out our Tour-on-an-ATV of the back country behind our listing on Carmi Road. This was fun!

Who built it?

July 26th, 2011

Who built that home?

Curious about who built the home you're buying? Or thinking about building a new home?

The Homeowner Protection Office, http://www.hpo.bc.ca, now a branch of BC Housing, maintains a searchable Public Registry of all Licensed Residential Builders and Building Envelope Renovators in British Columbia. It will also tell you whether a home built by an owner/builder ...

OK Falls Commerical

March 15th, 2011
Okanagan Falls commercial real estate sales top $6.5 million in last 12 months

Amid all the economic doom and gloom over the last 12 months, it’s refreshing to look at what’s been happening in Okanagan Falls when it comes to sales of commercial real estate - over $6.5 million in value!
Eight sales - seven of them very significant - have happened since last April. And, while three of those seven ...

New rules mean your property may be worth less next month

February 7th, 2011

A house worth $317,451 today will be worth $295,000 after March 18 to most buyers. Why? Because new mortgage rules kick in on that date.

After March 18, buyers with less than 20% down payment can no longer get a CMHC-insured mortgage amortized over 35 years. That has been reduced to 30 years.

Based on the average resale home in Penticton, which sold for $317,451 in 2010, the monthl ...

Looking for an executive condo?

January 7th, 2011

If you’ve been following the condo market in Penticton over the past year, you’ll know how soft it’s become. For a period of time (end of 2004 to the spring of 2008) there was a strong demand for high-end condos. The demand was later met with an over-supply, which meant the market became flooded and anyone looking to purchase a condo now has more than enough to choose from. Focusing ...

How much have housing values dropped around Skaha Lake?

November 4th, 2010

We've all heard that the housing market has shifted since the global financial crisis began in the fall of 2008, but how much of a change has there been in our area? As it turns out, quite a bit, especially if you live in Kaleden. 

In general terms, the housing market in the Okanagan was peaking in the spring of 2008, highlighted in our area by a sale on Skaha Lake for $2.7 million ...