Krieg Family Kelowna Real Estate News – April


Sales Across Canada Are Looking Up! Kelowna: We think that the mortgage market is influencing the buyers. With the recently earlier than expected increase in some mortgage rates and the expected increase in the Bank of Canada rate later this summer, it is likely that some buyers have decided that now is the time either to get into the market or make a move up or down according to their changing needs. Further increases in borrowing costs are likely to be gradual, so while there may be some slowing in market activity later in the year, we anticipate this will…

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Re/Max founder credits Canada for educating U.S.


Valley realtors hear reassuring words from U.S. expert 2009-06-09 The founder and chairman of the board of Re/Max International had nothing but praise for the Canadian government and its lending policies on Monday. Dave Liniger from Colorado also had reassuring words for 100-plus realtors at a broker, owner and manager retreat in Kelowna hosted by Re/Max Western Canada, despite dismal news on housing starts from Canada Mortgage and Housing Corp. the same day. “Canada is much more fortunate than we are,” Liniger told The Daily Courier in an interview. “You‘ve got some sanity in your government, a lot of common…

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RE/MAX Awards $12,000 in Bursaries to High School Graduates


Twenty four students from Western Canada have won a RE/MAX 2009 ‘Quest for Excellence’ bursary, valued at $500 each, to be presented during their school commencement ceremonies. The annual RE/MAX Quest for Excellence program encourages graduating students from British Columbia, Alberta, Saskatchewan, Manitoba, North West and Yukon Territories to write an essay based on their personal experience in one of six topics – Leadership, Sports, Technology or Trades, Performing Arts, Fine Arts and Community Service. “More than 1500 entries were received from students across Western Canada,” says Marie Sheppy, Senior Coordinator, Corporate Affairs, RE/MAX of Western Canada. “The passion portrayed…

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First-time buyers driving force in Canada’s residential real estate markets, says RE/MAX


Entry-level purchasers are now the engine driving home-buying activity in almost every major centre in Canada, according to a recent report released by RE/MAX. The 2009 RE/MAX First-Time Buyers Report, highlighting first-time buying activity in 32 residential housing markets across Canada, found that improved affordability is prompting many first-time buyers to get off the fence, out of the rental, and into the market. While a sense of caution still prevails, more and more first-timers are finding it hard to pass up the chance to become homeowners in today’s buyer-centric real estate climate. Increased inventory and longer days on market, coupled…

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