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August 2018

Found 2 blog entries for August 2018.

Get the lowdown on Kelowna's 2018 Mid Year Real Estate Update.

Welcome to the 3rd edition of the Vantage Report, Kelowna’s most comprehensive real estate market report. In January, we analyzed the current market conditions and examined 15 different neighborhoods. This time around, we’ve decided on a slightly different layout – The Vantage Report ‘light’ if you will. We’ve compressed the most pertinent information into an easily digestible format that can be read on the fly while you enjoy our beautiful Kelowna summer! In this edition, we’ll show you new data on resale homes and new construction, using updated figures from our friends at KNEW Realty Research. Plus, we’ve acted on your feedback and created a digital version that is more mobile friendly.

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Should those interested in buying a new home wait until prices drop and interest rates rise? Let’s do some quick math to see how the benefits of purchasing today would compare to waiting another 12 months.

Search All Homes on the MLS | Get a Home Valuation

I’ve been doing a deep dive into recent mortgage calculations lately, and the information I’ve found could help answer a question that has been on many people’s minds lately: Should buyers make their move now or wait?

To get to the bottom of this question, let’s do some quick math. Imagine you’re purchasing a $500,000 home with a 5% down payment, which, in this case, would be $25,000.

Assuming your interest rate is at 3.49%, your monthly mortgage payment in this scenario would be

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