As everyone should have been expecting if you are keeping up with the trends; CHMC (Canada Housing and Mortgage Corporation) has announced that they will be increasing their rates on March 17, 2017 for anyone that will be getting a mortgage with less than 20% down payment. The silver lining for some of you is…
Kelowna is well known for it’s colleges and universities such as UBCO and Okanagan College; they are welcoming to students of varying languages while the temperate and comfortable climate attracts a lot of students each year to study abroad. Most of the students live in a home-stay or rent with their classmates, because most of…
Residents of the Okanagan district received a 16% surge in average home valuations on the property evaluation notice sent by the BC Assessment this year and are forecasting a 7% growth in 2017. In West Kelowna, Peachland and Summerland the average home valuation also increased by 11%. Many home owners are worried that property taxes…