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Real Estate
Splatsin First Nation acquires portion of rail corridor
ENDERBY - There’s been a significant advancement on the discontinued rail corridor between Armstrong and Sicamous. Following lengthy negotiations with Canadian Pacific Rail and the federal government, the Splatsin First Nation has acquired 29.25 acres of land along the old rail corridor, which was shut down in 2009. Splatsin Chief Wayne ‘Wunuxtin’ Christian says the...
Kelowna’s housing prices will continue to climb in 2015
KELOWNA – It’s going to continue to be a seller’s market in Kelowna over the next year as low interest rates combine with low inventory to drive prices up. According to RE/MAX Housing Market Outlook Report, the 2015 average residential sale price in Kelowna rose seven per cent over 2014. Although that is one per...
Housing sales continue to rise
KELOWNA – The housing market in the Kelowna and Vernon areas shows no signs of slowing down with sales up fifteen per cent in October compared to the same month in 2013. Numbers released by the Okanagan Mainline Real Estate Board show a jump of fourteen per cent in the Central Okanagan and twelve per...
Consumer confidence, low mortgage rates mean increase in home sales
KELOWNA – The home sales numbers are out for the Central and North Okanagan from last month, and according to the people selling the properties, it was the strongest September since 2005. Sales activity statistics from the Okanagan Mainline Real Estate Board show the Central Okanagan lead the way with a 32 per cent increase...
Park concept dashed with sale of historic Kal Lake estate
VERNON - One of the Okanagan’s top 100 most expensive residential properties—a historical home on the shores of Kalamalka Lake—is in new hands, albeit not the ones its former owner had hoped for. The 2.4-acre estate belonging to the late Margaret Ormsby, featuring 420 feet of waterfront off Coldstream Creek Road, was on the market...
Mount Baldy foreclosed, assets for sale
SOUTH OKANAGAN - Mount Baldy Resort and its assets are up for sale after being slapped with a foreclosure notice. Located east of Oliver and Osoyoos, the resort was closed during the 2013-14 season because of financial difficulties. G-Force Real Estate issued a press release last week that said the resort’s assets including land lots,...
Learn more about the Wiltse Area development plan
PENTICTON - A development plan that has been in the works for several years has been brought back to council, and soon, the public will have a chance to say a word or two. There will be an open house on July 16 at the Penticton Public Library for the Wiltse Area development plan. A...
Demolition likely for old Vernon rectory
VERNON - Buyers were interested in the century-old Anglican church rectory, listed on the market for one dollar, but they couldn’t find a moving company to get it off the property. “That’s been the story for the 2-3 seriously interested parties,” Rev. Chris Harwood-Jones says. “They all fell through for lack of a mover.” Over...
Adventures in Renting: Game of Thrones, crackheads and bearded dragons
WHAT YOU CAN FIND ON THE KAMLOOPS RENTAL MARKET KAMLOOPS - After a recent report suggested more rental apartments are available in Kamloops, we simply wanted to see what an average apartment looks like. But trolling through some online ads showed that money means nothing when it comes to choosing a room mate. By simple math, the...
Looking for an apartment in Penticton? Don’t be picky
PENTICTON — Finding a rental apartment may cost you, depending on what you’re willing to settle for. Rental costs are increasing in Penticton, but availability rates are on the decline, according to the spring Rental Market Survey released by the Canada Mortgage and Housing Corporation. The overall availability rates in Penticton have dropped in the...
A new chapter begins in the storied life of the Hotel El
KELOWNA – After more than a year of aggressive interest and offers from Kelowna real estate development company Argus Properties, Hotel Eldorado owner Jim Nixon decided the time was finally right to sell after 25 years. “They wanted what I wanted,” Nixon says on Argus’ plans for the hotel, marina and restaurant. “It’s a local...
Hotel Eldorado sold
KELOWNA – The iconic Hotel Eldorado has been sold but previous owner Jim Nixon says nothing is going to change. Nixon made the announcement and informed staff Tuesday, saying it was a hard decision. The hotel, restaurant and marina has been under the same ownership for 25 years, and Nixon says he was not planning on selling...