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Real Estate

Two North Okanagan-Shuswap school district properties up for sale

VERNON - The North Okanagan-Shuswap School District is putting two of its properties up for sale. The first is the former board office in Salmon Arm, which will be listed for $800,000, and the other is the old South Canoe School, on the market for $500,000. Board of Education chair Bobbi Johnson says Colliers International...

North Okanagan home values trending up

VERNON - There’s an upswing in the assessed value of homes in the North Okanagan. According to B.C. Assessment’s latest number-crunching, single family residential properties rose in value in most communities in the North Okanagan and Shuswap regions between July 1, 2014 and July 1, 2015. The biggest jumps were in Spallumcheen and Salmon Arm...

Solid consumer confidence drives strong Okanagan housing market

OKANAGAN - As goes the weather, so goes real estate activity, according to the Okanagan Mainline Real Estate Board, which is reporting a cooling of sales in September after a robust summer. The Central Okanagan and Shuswap markets continue to strengthen and see an improvement year-to-date over last year,” board president Christopher Miller says in...

Vernon’s Green Valley Motel on police and council radars

VERNON - A notorious Vernon motel was thrust under the spotlight at a recent Vernon city council meeting. During a presentation by acting RCMP Supt. Jim McNamara, Coun. Brian Quiring brought up his concerns about the Green Valley Motel on Highway 97 across from Polson Park. “It appears to be a haven for people that...

Vernon motel could be yours for just over $1M

VERNON - A downtown motel familiar to most Vernon residents is up for sale. The Green Valley Motel on Highway 97 across from Polson Park is on the market for $1,195,000. Built in 1965, the motel features 27 units currently rented out by the month. A description of the listing suggests it has lots of...

February home sales best in years says real estate board report

KELOWNA – After a disappointing start to 2015, the Okanagan Mainline Real Estate Board is reporting a 34 per cent improvement in home sales in February compared with the same month in 2014. “After a more than usual slowdown in January, Okanagan-Shuswap home sales rallied along with consumer confidence during February despite weaker economic conditions...

Construction starts and real estate sales remain strong

KAMLOOPS - A warm start to 2015 has led to a brisk pace in both residential and commercial construction and the number of building permit issued continues to blow 2014 numbers out of the water. Permits for residential units increased by 80 per cent in February 2015, compared to the year before, though at $8.3...

Biggest jump in Okanagan real estate sales in seven years

OKANAGAN – Real estate sales across the Okanagan had the biggest jump in seven years last December, according to the Okanagan Mainline Real Estate Board. Overall the region saw sales increase 24 per cent during the last month of 2014, with apartment sales up a massive 42 per cent over the previous year. Townhouse and...