AUGUST SURVEY SUMMARY

Property Type:
25.4% of purchases were by Move-Up Buyers  (up from 22.8% in July)*
17.3% by First Time Buyers  (down from 17.9%) 
13.5% moving from Single Family Home to Strata Unit  (up from 9.8%)*
11.2% buying Recreation Property  (up from 10.8%)*
8.5% buying Revenue/Investment Property  (down from 11.0%)
6.5% moving into Retirement Home/Seniors Community  (up from 4.5%)*
3.5% moving from Strata property to Single Family Home  (down from 5.7%)

* During the month of August, there was a significant increase in purchases by move-up buyers, home owners downsizing to strata units and retirement communities, as well as recreation property buyers, while other categories saw a drop from the previous month.

Buyer Type (Family Dynamic):
25.3% Two Parent Family/Children (up from 24.0% in July)**
23.4% Couple without Children (up from 23.2%)**
20.1% Empty Nester/Retired (down from 23.2%)
13.8% Single Female (up from 12.2%)**
11.2% Single Male (down from 14.2%)
4.5% Single Parent with Children (up from 2.0%)**

** In August, there were more purchases by two parent families and couples without children, and by single females and single parent families, while all other categories saw decreases.

Moving From: 
50.7% from Within OMREB Board Area  (down from 54.7% in July)
21.6% from Alberta (up from 14.8%)***
10.8% from Other Areas in BC  (up from 10.5%)***
9.0% from Lower Mainland/Vancouver Island  (down from 12.1%)
3.4% from Saskatchewan/Manitoba (up from 2.0%)***
1.9% from NWT/Yukon (up from 0.8%)***
1.5% from Eastern Canada/Maritimes (down from 3.5%)
1.1% from Outside Canada  (down from 1.6%)

*** Compared to July, there were more buyers moving from Alberta, other areas of BC, Saskatchewan and Manitoba, and the Northwest Territories and Yukon, but less movement from within the Board area and fewer purchasers from the Lower Mainland and Vancouver Island, Eastern Canada and the Maritimes, and from outside Canada during August. 

Information provided by www.omreb.com. For more information call The Dion-Ivans Real Estate Group today!!

The draw of the Okanagan Valley saw me relocate to Kelowna over a decade ago to pursue my post-secondary education. Since then, I have proudly called the city home and have no desire to move elsewhere! The golf, fishing, and outdoor activities that the area has to offer keep me active while my wife Meghan, kids (Dalyce, Rylee & Ryker) and two dogs (Duke and Turbo) keep me busy! I have travelled and lived abroad but have yet to come across a community as diverse, vibrant, and welcoming as Kelowna. We love it here. My experience moving and settling into the community is a strong asset for those interested in doing the same. I understand the concerns and anxieties that come with relocation and can certainly ease the transition with my knowledge of the city and what is has to offer.

 

I am industrious and dedicated to meeting your needs- whether it be buying or selling. My education and background lends strength to marketing your home or your purchasing goals. I completed a Bachelor of Business Administration with a focus in Marketing (OUC) as well as a year studying International Business at Hodgeschool Zeeland International University in Holland. My work experience in sales and management with both Bacardi and Maxxium Canada helped maximize my communication and teamwork skills; both of which are valuable traits that contribute to the relashionship I develope with my clients. I sincerely enjoy the real estate industry and look forward to seeing the smile on a client's face when a contract is signed.  

 

If you are interested in the local market, would like to purchase a home, or would simply be interested in approaches to marketing your home for a sale, please contact me. I am certain I will be able to turn your hopes into a reality!

There is no doubt that being born and raised in Kelowna has built a strong framework for my expertise on the local real estate market. My family, for generations back, has called the region home and for good reason- it is a beautiful, plentiful playground with a neighborhood that suits every lifestyle and need.

Being aware of this, I strive to take full advantage of what the community has to offer. I have snowboarded for years at Big White, while watching the hill expand and grow to the world -class ski resort it is today. During the summer I play in beautiful Okanagan Lake in between fishing excursions throughout the surrounding area. Volleyball and other team sports round out of my active pursuits, all of which are enjoyed with my wife, Erin.  

For many clients, finding the right home in the perfect neighborhood can be a challenging combination. My in-depth knowledge of the established community along with a strong handle on new development creates a vital combination in helping you find exactly what you envision.  Whether a first time buyer, condo seeker, or luxury vacation home hunter I am motivated and keen to secure your satisfaction. This city has a lot to offer and I know where to find it!   

Energy and creativity are two of my personality traits that contribute to the guarantee that I will work hard for you. Whether selling or buying, my proactive, honest, and communicative approach will certainly finalize each deal. To support my outgoing and innovative ways, I have a Bachelor’s Degree in Marketing (O.U.C.) along with sales and managerial work experience for both Molson and Maxxium Canada. My real estate education was through U.B.C.’s Sauder School of Business. 

Most importantly I want you to feel secure that I am an expert on the local market, that I will listen to and understand your needs and that I will undoubtedly work hard for you. If you are interested in selling or purchasing a home, or simply interested in learning more about the local market and what I have to offer, please get in touch!

The Bank of Canada announced this morning that it is maintaining its target for the overnight rate at 1 per cent. In its accompanying statement, the Bank highlighted that an uncertain global economy is delaying an expected rotation of growth in Canada toward exports and investment. This means that the burden of economic growth will remain on households at a time when most households are deleveraging and looking to slow consumption. All of this adds up to a Canadian economy that will grow below trend in 2013, likely at a rate of around 1.5 per cent.  Below trend growth will translate to continued subdued inflation, which the Bank anticipates will return slowly to its 2 per cent target in 2014. As for the Bank's tightening bias, language around the withdrawal of monetary stimulus has been significantly moderated. The Bank anticipates a gradual normalization of policy interest rates as conditions for inflation, growth and household debt normalize.

Rising long-term Canadian interest rates, along with somewhat soft economic growth through the first half of 2013, have taken some urgency out of future monetary policy tightening. In particular, higher long-term rates will further slow growth in household debt via higher mortgage and other key lending rates which will allow the Bank to push increases in its overnight out to late 2014 or early 2015.

Information provided by www.bcrea.bc.ca

For more information call The Dion-Ivans Real Estate Group today!!