ROB DION, BBA
LEE IVANS, BBA
Royal LePage Kelowna
1-1890 Cooper Road
Wouldn't it be nice if you had all the time in the world to find your next
dream home in Kelowna? You could leisurely browse the current listings, select homes
you'd like to see, schedule visits on dates that are most convenient for you,
and make an offer on a property only after you've had plenty of time to
consider all the alternatives.
Sure, that sometimes happens, but it's not typical. Often, people shopping
for a home are on a timeline. Sometimes a very tight timeline.
So how do you find your next dream home in Kelowna when you don't have all the time
in the world?
First, you need to develop a clear picture of the home you're looking to buy.
How many bedrooms? What size of property? What type of structure (two
story, back split, etc.)? Then, you need to list your preferences. These might
include "large kitchen" or "main floor office".
Once you've completed that exercise, you'll have a more detailed profile of
the type of property you want. That will make it easier to decide which of the
listings on the market you want to see.
You should also narrow down the area (Glenmore, Wilden, Dilworth, Upper/Lower Mission, Black Mountain, Rutland) in which you'd like to live. If you have
three or four targeted areas, and only consider listings in those areas, your
home search will be much faster.
What if you don't know the neighbourhoods well? Visit a few. Drive around.
Explore. Get as much neighbourhood data as possible, such as
demographics, recreational activities, parks, shopping, schools, etc. Then
choose the neighbourhoods that fit your lifestyle.
Finally, the best way to find a new home on a tight schedule is to work with
the right Kelowna real estate agent — someone who, like The Dion-Ivans Real Estate Team, is experienced in the
Call The Dion-Ivans Real Estate Team anytime!
The Bank of Canada left its target for the overnight rate unchanged at 1.75 per cent this morning. In the statement accompanying the decision, the Bank noted that growth in the Canadian economy will be challenged by Alberta's cutbacks in oil production but investment outside of the energy sector is expected to strengthen. On inflation, the Bank judges that prices in the economy are evolving in a way consistent with an economy operating at full capacity. Given the Bank of Canada judges the economy is currently acting at full capacity and inflation is running slightly above its 2 per cent target, its bias remains tilted towards “normalizing” its policy rate back to its estimated neutral level of between 2.5 and 3.5 per cent. With that bias in place, the timing of rate increases, rather than their direction, is the more pertinent issue.
However, the deep discount for Canadian Western Select oil, and the ramifications of limited Alberta oil production, is one reason to be skeptical that the Bank will accomplish its objective to return to a neutral 3 per cent rate over the medium term. However, other cracks in the economy are starting to appear as well, including the highly publicized closing to GM’s Oshawa plant which will have a material impact on growth in Ontario. Those factors, along with a slowing housing market across Canada and a potentially sharp slowdown in US economic growth next year, may give the Bank pause. For those reasons, our baseline forecast is that the Bank will only be able to bring its overnight rate to 2.5 per cent during this tightening cycle.
Copyright British Columbia Real Estate Association. Reprinted with permission.”
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.