There are 3 main things that Joanna and JP did in order to create over $200,000 in shared commissions from Real Estate transactions in the first year, and over $350,000 commissions in the second year in business. 1. Work Smart 2. Do proper marketing and promotion 3. Build relationships These 3 basic principles are what…
Let Me Be Clear No one can 100% predict market trends and the following information is the personal opinion of JP Letnick and shouldn’t be considered as investment or financial advice. The information provided is based on current market data. Let’s Look At The Data History tends to repeat itself; so before looking towards the…
Average Prices Welcome to June 2017 where house prices in the Okanagan have continued to hit record highs along with the temperatures. When we compare the average price of homes in the Okanagan from June 2017 to June 2016 we can see the following: Residential homes increased roughly 16.99% Mobile homes increased roughly 24.56% Condos…
According to PadMapper, who released a report in May 2017, Kelowna’s rent levels have become the 8th highest in Canada. Kelowna’s room rents fell 1.9% from the previous month, up 10.9% from last year. The rents for two rooms rose 5.3% from the previous month, up 12.7% from last year. The fast rise in rents has…
Residential sales in Kelowna BC for January 2017 were roughly 5.6% higher than January of 2016. We also had roughly 30% lower inventory in the Okanagan for January 2017 than we had in January 2016 (Based on statistics from Jan 2017 provided by the Okanagan Mainline Real Estate Board). When you look at the number…
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…
It was recently published on PadMapper that Kelowna has the 10th highest rental rates in Canada. Another way of looking at it is Kelowna has the 10th highest rental incomes in Canada. We found this information on a castanet blog post which you can find here: http://www.castanet.net/news/Kelowna/171191/Top-10-in-high-rental-prices When you look at the current prices in…
There are many reasons why you should use a professional when it comes to buying or selling real estate. Just as you would hire a professional to build you home to avoid issues; you should also use a realtor to sell the home. Real Estate Professionals know how to deal with the various issues that…