Royal LePage Rosling Realty

April Sales Highest in 3 Years  We seem to have been dealing with a relatively level market over the past 3 years in and around Nelson but there have been some roller coaster-style ups and downs for sellers who have been eyeing the trends. Inventory levels still suggest that we are firmly in "Buyer's Market" territory, however there have been some segments of the market that seem to be break ...

For those of you wondering just how wonderful it might be to live in much-sough after Fairview Heights, here's your chance to have a look at the most beautiful listing on offer up there. Brady will be holding an open house on Sunday August 17th from 1:00pm. For more info on the listing, including a full video tour and complete floor plans, click here. To know what it's really like go visit Br ...

Answer is probably not. I'm still getting used to interview requests in my role as President of the Kootenay Real Estate Board and when I see a 15 minute interview being boiled down to this: http://hqkootenay.com/news/news/Local/12/03/23/Kootenay-House-Sales-Slide-Most-In-BC I can't help but wonder what I need to do to jazz things up. Next time, I'm bringing a publisist.-Paul 

I'm going to be posting more of these in the future because, in looking at similar reports from all of Canada's major banks, I  haven't been able to find a more comprehensive snapshot of the North American economic picture. It clearly illustrates trends and useful metrics for all types of Canadian real estate buyers and sellers and offers deep back ground into the numbers that influence how t ...

BCREA ECONOMICS NOW February Building Permits - April 6, 2011 Canadian building permits increased 9.9 per cent in February, adding to stronger building intentions observed in January. Residential permits fell 18.3 per cent from last month with the largest declines occurring in Ontario and Quebec. Non-residential building permits reversed a sharp downtrend, rising by 72.9 per cent. ...

Here's a good, brass-tacks (or is that brass-tax?) look at ROI formulation on burgeoning communities and there real estate investment markets. Kind of an over-simplification but when you do the math like this you have an excellent tool to start your search. 

Vancouver Leads BC Housing Markets   Vancouver, BC – March 14, 2011. The British Columbia Real Estate Association (BCREA)  reports that Multiple Listing Service® (MLS®) residential sales in the province climbed 5 per  cent in February from January 2011, on a seasonally adjusted basis. Compared to February of  2010, MLS® residential unit sales increased 8 per cent to 6,410 units. The ave ...

  BCREA ECONOMICS NOW Canadian Building Permits (January)- March, 7 2011 Canadian building permits fell 5.1 per cent in January. Residential permits declined 0.9 per cent from December, while non-residential building permits tumbled 13.3 per cent.  Construction intentions in BC fell 4.5 per cent from December and 13.6 per cent year-over-year. Residential permits rose sharply, incre ...

Here's a great article outlining the potential downside of trying to sidestep a probate tax through joint tennancy from Gina Ironmonger at Keystone Appraisals. Have a look it you're thinking about going down this road. Excerpt below: "I recently valued a property that was the center of a law suit. The problem arose when the owners of the property decided that adding their son to the title as ...

As a rule, I don't think that this is a biggy for Kootenay buyers (I can't remember the last time I had a buyer go for a 35 year amortization). More relevant to markets with a much higher entry level price (i.e Vancouver at $765K). I do take it as positive that the government is actively tracking consumer debt levels though. Maybe it's time for a no-lose lottery? Hmmn.CTV's thin coverage here ...