Vicki Wills - Real Estate Updates!

Just Listed! Dilworth Townhome $359,900

2012-03-08T16:08:00.003-08:00

MLS# 10042881
3 Bedroom
3 Bathroom

#28-2425 Mount Baldy Drive

Rare opportunity to own in Cassiar Meadows! 2 Level Townhome has been almost completely updated! New flooring, fixtures, granite, paint, baseboards, central air, hwt and more!

Visit my website for more pictures and info http://www.vickiwills.com/

Call Vicki Wills of Macdonald Realty to View; 250.215.9889.

HST Transition Rules for Housing

2012-02-17T16:12:00.000-08:00

The Province announced the HST Transition rules today as the Province transitions back to the PST/ GST system on April 1, 2013. Used Residential Homes (resales) are, and remain, exempt from HST.

1. Under the current system, there is no additional rebate for new homes greater than $525,000 – Effective April 1, 2012, for homes completing prior to April 1, 2013, this rebate threshold has been increased to $850,000, meaning that the maximum rebate available (for homes worth 850k) is $42,500. This provincial portion HST rebate will also be available to secondary or vacation residences located outside the lower mainland.
2. For new homes where construction begins before April 1, 2013, BUT where possession transfers after April 1, 2013, neither HST nor PST will be payable, but rather purchasers will pay a temporary, transitional provincial tax of 2% per cent on the full house price.
3. Special Rebates will be available to home builders who commence a home prior to April 1, 2013 but where it is sold after April 1, 2013.

Effective HST on Homes (Primary Residence) - April 1 2012 to April 1 2013

Purchase Price	Gross HST (12%)	Rebate Available	NET Purchase Price
$100,000.00	$12,000.00	$6,800.00	$105,200.00
$150,000.00	$18,000.00	$10,200.00	$157,800.00
$200,000.00	$24,000.00	$13,600.00	$210,400.00
$250,000.00	$30,000.00	$17,000.00	$263,000.00
$300,000.00	$36,000.00	$20,400.00	$315,600.00
$350,000.00	$42,000.00	$23,800.00	$368,200.00
$400,000.00	$48,000.00	$23,150.00	$424,850.00
$450,000.00	$54,000.00	$22,500.00	$481,500.00
$500,000.00	$60,000.00	$25,000.00	$535,000.00
$550,000.00	$66,000.00	$27,500.00	$588,500.00
$600,000.00	$72,000.00	$30,000.00	$642,000.00
$650,000.00	$78,000.00	$32,500.00	$695,500.00
$700,000.00	$84,000.00	$35,000.00	$749,000.00
$750,000.00	$90,000.00	$37,500.00	$802,500.00
$800,000.00	$96,000.00	$40,000.00	$856,000.00
$850,000.00	$102,000.00	$42,500.00	$909,500.00
$900,000.00	$108,000.00	$42,500.00	$965,500.00
$950,000.00	$114,000.00	$42,500.00	$1,021,500.00
$1,000,000.00	$120,000.00	$42,500.00	$1,077,500.00

Peter Borszcz is a Real Estate Lawyer and Business Lawyer practicing in Kelowna, BC and a shareholder in the law firm of PIHL Law Corporation.

The provincial government press release can be found here. The federal government rules can be found here.

Monthly Real Estate Newsletter

2012-02-06T10:49:00.000-08:00

Just Listed!

2012-01-27T16:18:00.000-08:00

143-914 Craig Road

3+1 Bedroom

4 Bathroom

1868 SqFt

Built in 2005

$317,500!

See more photos on my website:

http://vickiwills.com/listing_detail.php?id=90

Call Vicki to view; 250.215.9889

BROKER'S BEST RATES

2012-01-20T10:39:00.000-08:00

TERM	RATE*	PMT/$1,000**	APR
1 YEAR CLOSED	2.80%	$4.10/$1,000	2.82%
2 YEAR CLOSED	2.89%	$4.15/$1,000	2.91%
3 YEAR CLOSED	2.89%	$4.15/$1,000	2.91%
5 YEAR CLOSED	3.15%	$4.29/$1,000	3.17%
7 YEAR CLOSED	3.89%	$4.69/$1,000	3.93%
10 YEAR CLOSED	3.89%	$4.69/$1,000	3.93%
3 YEAR VARIABLE	PRIME - 0.10%	$4.16/$1,000	2.94%
5 YEAR VARIABLE	PRIME - 0.10%	$4.16/$1,000	2.94%

PRIME RATE 3.00%

RED Indicates a Recent Rate Change

Mortgage Information Provided By;

Shaun Pierce, AMP

Mortgage Consultant

(250) 717 – 8949 (Ext. 102)

spierce@creativemortgage.ca

For a mortgage calculator, please visit our website

http://www.kelownamortgages.com/calculator.php3

2.99% FIXED Mortgage Rate!!

2012-01-14T10:56:00.000-08:00

BMO sets bank record with lowest advertised 5 year fixed interest rate ever! 2.99% WOW! AMAZING TIME TO BUY- NOW!

More Information: http://www.canadianmortgagetrends.com/

Call Vicki (250) 215.9889 or Email vickiwills@shaw.ca to get shopping!

Newly Renovated Character Home!

2012-01-05T10:46:00.000-08:00

SOLD!

NEWLY renovated (from top to bottom) character home in the heart of Kelowna's Cultural District. Perfect for the first time buyer, great investment opportunity! All new windows, kitchen, bath, refinished hardwood flooring. New carpet, ceramic tile. Luxurious, highend finishings include oversized trim & mouldings, custom cabinetry. Bright open plan. Kitchen sparkles with solid granite and stainless steel appliances. Hardy plank concrete siding. RU6 allows you to build a carriage home. Tons of parking. Back lane access. Walk to Kelowna's Cultural District, downtown, Knox Mountain or the beach.

621 Roanoke Avenue

MLS# 10037003 $347,000

Presented By

VICKI WILLS

Macdonald Realty Kelowna

Call to View; 250-215-9889

Visit my Website for more photos: http://vickiwills.com/listing_detail.php?id=86

Monthly Real Estate Newsletter

2012-01-04T14:40:00.000-08:00

December Statistics- Great read if you are preparing to BUY or SELL in 2012!

Monthly Real Estate Newsletter

2011-12-02T11:33:00.000-08:00

Almost 100% Financing

2011-12-02T11:29:00.000-08:00

Do you have a good job, good income, good credit, however, no down payment???? A lot of young people have student loan debt or other debt which does not allow them to save the down payment required for a house purchase. You can get a mortgage with cash back, allowing you to buy a home, now, while the prices are low and the interest rates are the best ever.

For example: PP $250,000.00 5% Down $12,500.00 Rate 4.99% 5 year term 30 year amortization Mortgage Amount $244,506.25 including the CMHC fee MONTHLY PAYMENT $1,303.45. This mortgage will give you $11,875.00 cash back. You now only need $625.00 for the down payment plus the closing costs!!!!

GET IN A HOME NOW, WHILE THE RATES ARE SO LOW!

CALL VICKI 250.215.9889 to find out more!

*Source: Creative Mortgage Kelowna

Incentive Offered! Buy Now!

2011-11-09T15:26:00.000-08:00

Incentives Offered on two amazing downtown condo's for sale...
Purchase and Complete by January 15, 2012 and the Seller will PAY your Strata Fees for 6 MONTHS!

MLS#10033161
2 Bed/2 Bath Top Floor Condo $234,500.
Gas Fireplace, Hardwood Floors, Island Kitchen, 9 Foot Ceilings.

MLS#10014337

1 Bed/2 Bath Top Floor Condo $184,900.

Gas Fireplace, Hardwood Floors, Island Kitchen, 9 Foot Ceilings.

Call for details and to VIEW!
Presented By
VICKI WILLS
Macdonald Realty Kelowna
Contact 250.215.9889

Monthly Real Estate Newsletter

2011-11-04T10:36:00.001-07:00

Happy Halloween!

2011-10-28T15:45:00.001-07:00

Todays Mortgage Rates- Money Is CHEAP!

2011-10-21T10:25:00.000-07:00

BROKER'S BEST RATES

TERM	RATE*	PMT/$1,000**	APR
1 YEAR CLOSED	2.80%	$4.10/$1,000	2.82%
2 YEAR CLOSED	2.99%	$4.20/$1,000	3.01%
3 YEAR CLOSED	2.99%	$4.20/$1,000	3.01%
5 YEAR CLOSED	3.29%	$4.36/$1,000	3.32%
7 YEAR CLOSED	4.49%	$5.04/$1,000	4.54%
10 YEAR CLOSED	4.79%	$5.21/$1,000	4.85%
3 YEAR VARIABLE	PRIME - 0.20%	$4.11/$1,000	2.84%
5 YEAR VARIABLE	PRIME - 0.40%	$4.00/$1,000	2.63%

PRIME RATE 3.00%

RED Indicates a Recent Rate Change

Great time to get in and see a mortgage broker - so you are ready to buy your NEW HOME! Call me to get started 250.215.9889 or email vickiwills@shaw.ca

*Source: Creative Mortgage

Monthly Real Estate Newsletter

2011-10-04T13:31:00.001-07:00

Okanagan Valley: British Columbia's bubble-free real estate zone

2011-10-03T15:52:00.000-07:00

The price correction in the Okanagan Valley occurred years ago, leaving many to believe it's a much less riskier place to invest than Vancouver.

Read the article; http://www.canadianrealestatemagazine.ca/cross-country/roundups/item/815-okanagan-valley-british-columbias-bubble-free-real-estate-zone

Monthly Real Estate Newsletter

2011-09-06T16:40:00.000-07:00

Check out Kelowna's latest Real Estate Stats!

Creative Mortgage- Mortgage Rates!

2011-09-02T09:50:00.000-07:00

BROKER'S BEST RATES

TERM	RATE*	PMT/$1,000**	APR
1 YEAR CLOSED	2.75%	$4.07/$1,000	2.77%
2 YEAR CLOSED	3.40%	$4.42/$1,000	3.43%
3 YEAR CLOSED	3.29%	$4.36/$1,000	3.32%
5 YEAR CLOSED	3.39%	$4.47/$1,000	3.42%
7 YEAR CLOSED	4.79%	$5.21/$1,000	4.82%
10 YEAR CLOSED	4.99%	$5.33/$1,000	5.05%
3 YEAR VARIABLE	PRIME - 0.80%	$3.79/$1,000	2.22%
5 YEAR VARIABLE	PRIME - 0.75%	$3.82/$1,000	2.27%

PRIME RATE 3.00%

Great time to BUY!!!

Call me to get started 250.215.9889!

Price Reduction on Townhome in Rutland

2011-08-31T11:04:00.000-07:00

Modern Townhome in Rutland -Now $289,900
3 Bedrooms
3 Bathrooms
MLS# 10029472
Call Vicki to View; 250.215.9889

New Photos of Windsong Crescent

2011-08-24T19:41:00.000-07:00

Check them out on my WEBSITE:
Visit http://www.vickiwills.com/ to view!

MLS# 10028724

Offered at $939,900

OPEN HOUSE TOMORROW!

2011-08-20T09:29:00.000-07:00

Come check out this amazing deal this weekend!
Located just off Rutland Road (behind the MACS store)

Open from 2:30-4:30pm

MLS# 10029472
Offered at $294,900
8-146 McCurdy Road- Look for Signs!

Spacious townhome priced to sell! 3 Bedrooms, 2.5 Bathrooms on 3 levels of living space. Island kitchen with maple cabinets, tile backsplash, and built in desk, living room with gas fireplace. Hardwood, Tile and Carpet flooring. Bright end unit, with lots of windows, potlights, single car garage, central air conditioning for our hot Kelowna summers, and a extremely convenient location! Schools, Parks, Recreation and Transit nearby. Pets and Rentals okay! Near new- and in superb condition.

VICKI WILLS
Maconald Realty Kelowna
Mobile 250.215.9889
Office 250.860.4300
Email vickiwills@shaw.ca
Visit http://www.vickiwills.com/

Both Reduced By $5000! Downtown Condo's in Kelowna

2011-08-18T11:40:00.000-07:00

MLS# 10014337
$189,900
930sqft 1 Bedroom/ 2 Bathrooms
Hardwood, Tile, Island Kitchen, Gas Fireplace, Top Floor.
Underground Parking.
Located Bernard & Gordon.

MLS# 10033161

$244,500
1127sqft 2 Bedroom/ 2 Bathrooms
Hardwood, Tile, Island Kitchen, Gas Fireplace, Top Floor.
Underground Parking.
Located Bernard & Gordon.

Call Vicki of Macdonald Realty Kelowna to view; 250.215.9889.

JULY BUYERS SURVEY

2011-08-11T15:58:00.000-07:00

JULY SURVEY SUMMARY & HIGHLIGHTS

Property Type:
26.0% of purchases were by Move-Up Buyers
14.0% by First Time Buyers
11.5% moving from Single Family Home to Strata Unit
9.3% buying Revenue/Investment Property
4.7% moving from Strata property to Single Family Home
4.7% Recreation Property Buyers
4.0% moving into Retirement Home/Seniors Community

For more information July's Buyers Survey, contact me vickiwills@shaw.ca or call 250.215.9889.

Monthly Real Estate Newsletter

2011-08-05T09:58:00.000-07:00

2011-08-02T09:20:00.000-07:00

Foreclosures

Foreclosures appear to be taking over our market place more and clients are drawn to them from reality shows and real life in the USA, where it seems you can purchase a house at 40-60% of the home's value. We know this is NOT normally the case in Canada, however, you do need to be well educated on such.

Macdonald Realty has great experience dealing with these types of files and helping clients purchase. If you have any questions with the entire process please call to discuss anytime. Vicki Wills 250.215.9889.

OPEN HOUSE FRIDAY, JULY 29th 3-5pm

2011-07-26T14:30:00.001-07:00

Property Transfer Tax- Who Can Save?

2011-07-25T09:22:00.000-07:00

Property Transfer Tax: First Time Home Buyers

First time home buyers get an exemptions from paying the property transfer tax and this "tax break" can save FTHB thousands of dollars. However, First Time Home Buyers need to carefully ensure that they qualify for this tax savings. Persons claiming a FTHB credit are regularly audited by the PTT Office.

The Criteria to Qualify are as follows;

Purchaser must:
a) be a Canadian Citizen, or a permanent resident as determined by Immigration Canada,
b) have lived in British Columbia for 12 consecutive months immediately before the date
you register the property, or you have filed 2 income tax returns as a British Columbia
resident during the 6 years before the date you register the property,
c) never owned an interest in land anywhere in the world at anytime,
and
d) you have never received a first time home buyers’ exemption or refund.

The Property you purchase must also qualify as follows:
a) the price must be less than $425,000
b) the land must be less than 0.5 hectares (1.24 acres), and
c) the property will only be used as your principal residence.

Importantly, if you sell the property or acquire a new principal residence within 12 months of purchase, you will lose the exemption and the Province will demand for the tax to be paid.

Contact Vicki Wills of Macdonald Realty Kelowna for more information!

PRICE YOUR HOME RIGHT!

2011-07-18T19:56:00.000-07:00

Yes, we all need and want the best price, as in the highest price, for our abode. But be realistic. It might do wonders for the ego and daydreams, but a high price tag does little if it doesn't come accompanied with a sale. If anything, it has kept your home effectively out of the market. Once you and your realtor have agreed upon an asking price based upon the aforementioned market evaluation, bring in a reality check. Stand in front of your home and ask yourself: "If I were a buyer, would I pay that price for this place?" Again, don't try and fool yourself. (Fantasy is wonderful, but it won't work with others.) Based on your understanding of the competition, is the pricing realistic? This is particularly important in a market where prices are falling. If you must sell, price yourself at the bottom of the scale. Remember: If you are selling and buying at the same time as in trading up, the buyer's market which demands you sell 10 per cent less also allows you to turn around and buy for 10 per cent less. If you sell your $200,000 home for $180,000 for a $20,000 "loss", you just as likely to buy the $300,000 home for $270,000 for a $30,000 reduction. You're actually better off by $10,000.
Further to the competition, have your realtor show you through the three aforementioned rival listings and other near-comparables priced both above and below your own home. In one evening, you can view five homes to get a better idea of exactly what you and your realtor are up against. Forewarned is forearmed. If your home is priced right, it will sell. But don't fall into the trap of "following the market down" by pricing your home above the realistic ceiling and then be forced to keep adjusting downward as the market sinks.

Call Me Today to get a FREE Market Evaluation of your Home!

Vicki Wills of Macdonald Realty Kelowna at (250) 215.9889 or email vickiwills@shaw.ca.

Monthly Real Estate Newsletter

2011-07-06T09:31:00.000-07:00

2011-07-05T13:53:00.000-07:00

The Waiting Game

While young adults from age 18 to 34 represent the most likely age group to buy a home within the next two years, 55 percent of them responded to a recent survey saying they're not quite ready now, and, in fact, probably won't be ready until at least next year. Why the wait?
An Ipsos Reid survey, conducted in January 2011 among 2,103 Canadians, found that rising real estate prices, along with providing a large enough down payment, were the biggest concerns for the young people.
Committing to the purchase of a first property, or even — for current homeowners — a second property, should be done with all the facts in hand, which is why doing your research now, with the help of a real estate sales representative, has never been more important. For example, you'll want the latest information on what types of properties sold in which neighborhoods, and in which price ranges. You'll also need to determine what you can afford, and what financing options are available to you.
Keep in mind that mortgage rates have been at historical lows over the past couple of years, but are starting to inch up now. We are lucky to live in an economy that shows steadily improving activity, however, the other side of the coin is that mortgage rates will eventually have to rise, making homeownership challenging. In a few short years, potential buyers might nostalgically look back on these times as the "good old days," when financing a loan was affordable.
Even if you're not ready to move right now, remember that you are always welcome to call with any questions. Why wait? Please call for a noobligation discussion on how your plans fit into today's real estate environment. Call Vicki at 250.215,9889 or email me at vickiwills@shaw.ca

Happy Canada Day!

2011-07-01T10:26:00.000-07:00

5 Year Fixed Rate is 3.59% (3.63% APR)

2011-07-01T10:23:00.001-07:00

Fall Rate Hike

With prices rising on everything from gas to food it looks as though the possibility of a rate hike in the fall has grown. The annual inflation rate hit 3.7% in May with the most volatile commodities leading the way, food and gas. Gas has risen 29.5% from last year in May which is the most significant year over year increase since Hurricane Katrina. With inflation starting to rear its head more and more every month, there is good reason to expect the Bank of Canada to soon start looking at raising rates. For anyone who is currently in a variable rate mortgage, this may be a good time to look at locking into a fixed rate mortgage especially when rates are as low as 3.59% on a 5 year fixed. The Bank of Canada’s Governor Mark Carney has mentioned he does not plan to make any rates changes until their October meeting.

Sunday Open Houses

2011-06-23T13:49:00.000-07:00

Sunday, June 26th

11am- 1pm
#143-914 Craig Road; $324,900

*3+Bedroom townhouse, 1868sqft, Built 2005.

1:30-3:30pm

#8-146 McCurdy Road; $294,900
*3 Bedroom townhouse, 1458sqft, Built 2005.

2011-06-23T13:44:00.001-07:00

MAY BUYER"S SURVEY RESULTS

2011-06-17T11:24:00.001-07:00

The results of OMREB's May 2011 Buyers Survey are in!

MAY SURVEY SUMMARY
Property Type:27.4% of purchases were by Move Up Buyers
19.2% by First Time Buyers
9.6% moving from Single Family to Home Strata unit
7.5% buying Revenue/Investment Property
6.2% moving from Strata property to Single Family Home
5.5% moving into Retirement Home/Seniors Community
2.7% Recreation Property Buyers

Family Dynamic:29.8% of Buyers were Two Parent Families with Children
23.2% Empty Nesters or Retired
21.2% Couples without Children
13.9% Single Females
9.9% Single Males
4.6% Single Parent Families with Children

Financing:60% financed via Conventional Mortgage (with more than 20% down)
26% paid by Cash
14.7% by High Ratio Mortgage (less than 20% down)
0.7% required Rental Income to Qualify for Financing

Moving From: 53.6% from Within OMREB Board Area
19.2% from Alberta
11.9% from Other Areas in BC
6.6% from Lower Mainland/Vancouver Island
4% from Eastern Canada/Maritimes
3.3% from Saskatchewan/Manitoba
1.3% from Outside Canada

Moving To: 49.7% of purchases were in Kelowna/West Kelowna
25.2% in Vernon/Coldstream
9.3% in Central Okanagan (other than Kelowna/West Kelowna)
6% in Shuswap/Revelstoke (other than Salmon Arm)
6% in North Okanagan (other than Vernon/Coldstream)
4% in Salmon Arm

Open Houses Sunday, June 5th

2011-06-03T15:06:00.000-07:00

8-146 McCurdy Road
MLS# 10029472 3 Bed - 3 Bath - Townhome - $294,900
Sunday, June 5th 12-2pm

5079 Windsong Crescent
MLS# 10028724 4 Bed - .48 Acre Lot Family Home- $939.900
Sunday, June 5th 2:30-4:30pm

Just Listed for Sale- #8-146 McCurdy Road $294,900

2011-06-03T15:00:00.000-07:00

Spacious townhome priced to sell! 3 Bedrooms, 2.5 Bathrooms on 3 levels of living space. Island kitchen with maple cabinets, tile backsplash, and built in desk, living room with gas fireplace. Hardwood, Tile and Carpet flooring. Bright end unit, with lots of windows, potlights, single car garage, central air conditioning for our hot Kelowna summers, and a extremely convenient location! Schools, Parks, Recreation and Transit nearby. Pets and Rentals okay! Near new- and in superb condition.

Call Vicki of Macdonald Realty Kelowna to view; 250.215.9889. MLS#10029472

Visit http://www.vickiwills.com/ to view more pictures!

OPEN HOUSE SUNDAY, June 5th 12-2pm

Monthly Real Estate Newsletter

2011-06-02T13:16:00.001-07:00

5079 Windsong Crescent- New On Market!

2011-05-28T18:22:00.000-07:00

Offered at $939,900 Quality and Character stand out in this 4+ bed Family Home in prestigious Summer Hills of the Upper Mission. This home features 3 Beds/2 Baths up, Bed/Den & Half Bath on Main, & a Fully Finished Walkout Bsmt which includes Den (or Bed), full bath, a family room with wired in sound, & a stunning wet bar (could be converted for suite). Great for entertaining! Details are beyond compare, with wainscoting, large low-e windows, crown molding, gas f/p, hardwood & tile galore & a gourmet island kitchen. Nestled on a HUGE, fenced, .48 lot with inground pool, patio, & prof. landscaping throughout. Attached double garage & detached triple garage/shop with 1100sqft finished up- Imagine the Possibilities- an escape for teens, separate guest accom. or office space! (Part of detached garage below is also currently finished with batthroom-Great working space!) More parking available for boat, RV, or toys! Immaculate inside and out. This is one to see! Call Vicki Wills to view 250.215.9889.

2011-05-25T14:32:00.000-07:00

APRIL SURVEY SUMMARY- BUYERS IN OKANAGAN
Courtesy of OMREB

Property Type:27.7% of purchases were by Move Up Buyers
14.9% Moving from Single Family to Home Strata unit
10.6% by First Time Buyers
6.4% buying Revenue/Investment Property
6.4% Recreation Property Buyers
6.4% moving into Retirement Home/Seniors Community
5.3% moving from Strata property to Single Family Home

Family Dynamic:32.3% of Buyers were Two Parent Families with Children
24.2% Empty Nesters or Retired
17.2% Couples without Children
13.1% Single Females
10.1% Single Males
5.1% Single Parent Families with Children

Financing:54.2% financed via Conventional Mortgage (with more than 20% down)
34.4% paid by Cash
13.5% by High Ratio Mortgage (less than 20% down)
1% required Rental Income to Qualify for Financing

Moving From: 54.5% from Within OMREB Board Area
21.2% from Alberta
12.1% from Lower Mainland/Vancouver Island
5.1% from Other Areas in BC
5.1% from Manitoba/Maritimes
2% from Saskatchewan/Manitoba
0% from Outside Canada

Moving To: 56% of purchases were in Kelowna/West Kelowna
13% in Vernon/Coldstream
10% in Shuswap/Revelstoke (other than Salmon Arm)
10% in Central Okanagan (other than Kelowna/West Kelowna)
6% in Salmon Arm
5% in North Okanagan (other than Vernon/Coldstream)

8-MONTH AVERAGE - September 2010 through April 2011: On average, over the last quarter of 2010 and first quarter of 2011, home buyers have been coming from within the OMREB Board area (59.59%); Lower Mainland/Vancouver Island (11.93%); Alberta (11.35%); other areas of BC (7.48%); outside Canada (2.86%); Saskatchewan/Manitoba (2.85%); and Eastern Canada/Maritimes (2.07%). During this period, move-up buyers accounted for 23.24% of the purchasers while first-time buyers comprised 21.43%.

WANT TO MARKET YOUR HOME TO THESE BUYERS? CALL ME TO GET STARTED!
Vicki Wills- Macdonald Realty Kelowna
Mobile 250.215.9889 or email vickiwills@shaw.ca

Enjoy the Kelowna Summer in Your NEW Condo!

2011-05-20T10:34:00.000-07:00

Your own grassed, fenced backyard for suntanning, and entertaining. Such a rare opportunity. This trendy 2 bedroom condominium is bright and sunny with strong morning sun, and faces toward dilworth mountain. High End finishings- hardwood, granite and stainless steel appliances (all included). Mission Group built in 2008- nearly new!. Great revenue potential (no rental restrictions), or a great place to call home. Home to all ages, and PETS welcome! Great Location- close to Transit, Shops, Golf, and Schools. Underground Parking. Get in before Summer to enjoy your outdoor pool, volleyball court, or BBQ Pit. You chose Kelowna as home for reasons like this!!

MLS# 10026112
$249,900

Call Vicki Wills at Macdonald Realty Kelowna
Mobile: 250.215.9889.
Office: 250.860.4300.
Email: vickiwills@shaw.ca
Visit: http://www.vickiwills.com/ for more pictures.

Available this May Long Weekend to View! Just Call to Book an Appt!

Reduced- Now Only $199,900!

2011-05-18T11:28:00.000-07:00

Looking for Interurban living? You have found it in this citified 1 bdrm top floor condo! This spacious home features 2 full bathrooms, laundry room,9ft ceilings, and spacious entrance. Island kitchen, lends way to entertaining your guests in this open layout design. Gas fireplace will keep you warm and cozy in our cold months ahead (gas fee included in strata), while lots of natural light keep you connected to the outdoors, with a unique city view. Hardwood floors, a parking garage, and lots of storage add on to the list of features. Easy access to anything and everything- you can say goodbye to your car!

*Convenience Store and Grocer next door
*Transit right out front

*Pets & Rentals with restrictions (No Age Restriction)

Call or text Vicki for more information or to view; 250.215.9889

2011-05-10T11:02:00.000-07:00

Jill Gruen - RBC Royal Bank Mortgage Specialist

Do you need to increase your cash flow? Maybe it's time to break your existing mortgage and take advantage of these historically low rates! Saving money is always worth a talk, can you afford not to?

Monthly Real Estate Newsletter

2011-05-05T13:44:00.001-07:00

Annual Kettle Valley Garage Sale

2011-05-05T11:41:00.000-07:00

THIS WEEKEND! Saturday, May 7th starting at 8am.

Come up and check out the annual GIANT Garage sale. Kettle Valley is located up Lakeshore and Chute Lake Road. Every year there are at least 50 garages open in the neighbourhood!
Email kvresidents@gmail.com for details.

Price Reduced...Now $329,900!

2011-05-03T10:39:00.000-07:00

JUST REDUCED! Built in 2005, this stylish and well maintained townhome features 3 bedrooms, rec room/gym (or 4th bedroom), media room (wired for sound and soundproofing insulation in basement), and 4 bathrooms! Open concept kitchen shows off lots of storage and excellent working space with maple cabinets, tile backsplash and whirlpool appliances. Other features include; gas fireplace, security system, walk in closet, laundry/freezer area, backyard deck, single car garage, and more! End Unit- Next to Playground. Right next to "Y". Gymnastics, Arena, Schools, Fields/Parks and more! This is great for kids! Call Vicki Wills of Macdonald Realty to view and get in ASAP! 250.215.9889.

2011-04-29T09:35:00.001-07:00

Debt Trends

A recent survey conducted by Statistics Canada shows how much Canadian debts has risen over the past few decades and unfortunately, a large portion is going towards household debt such as a mortgage. In 1990, the average total debt to after tax income was 98% however by the end of 2009 the debt level has risen to 148%. Studies have shown if interest rates were to rise by three percent, Canadians would have to lower their debt levels to around 120% in order to deal with rising mortgage costs. While Statistics Canada claims mortgages should not account for over 40% of income 4.2% of Canadian households held higher debt levels. Yet while debt levels have continuously risen over the past decade, household affordability has not risen too far from its long term average. An interesting fact is for every 1% increase in mortgage rates, households with average incomes and high ratio mortgages will be able to afford 9% less of a house. http://www.canadianmortgagetrends.com/canadian_mortgage_trends/2011/04/debt-trends-from-statscan.html

Open House Sunday, May 1st 1-3pm

2011-04-26T14:42:00.000-07:00

SHOPPING AROUND ?! Come visit the open house this Sunday to see why this home has everything on your list! Just 5 years old, immaculate condition, and almost 1900sqft. 3+ Bedrooms, 4 Bathrooms, Media Room, and more. Excellent location, near parks, schools, and recreation. Visit #143-914 Craig Road in Rutland North- REALTOR on DUTY for more information on this home or any other real estate inquiries. Presented By VICKI WILLS- Macdonald Realty Kelowna 250.215.9889.

Open House Saturday, April 23rd 1-3pm

2011-04-19T09:46:00.000-07:00

HOPPED UP ON EASTER CHOCOLATE? BURN IT OFF AND COME VISIT THE OPEN HOUSE THIS SATURDAY! Follow the signs to 796 Arborview in Upper Mission! 1-3pm.

You will love living on this street! This home satisfies everything on your list.3 bedrooms up, Den on main, and 2 more bedrooms downstairs. Open layout living, with great finishing's, including gleaming hardwood and tile, built in shelving, maple cabinets, s/s appliances,walk in closet in master, 2 fireplaces, and more! Fully finished basement with seperate entrance. Rear yard w/ lush landscaping and pond, plus deck and patio. Must see this home to fully appreciate! Over 3000 square feet! Can't make the open house? Call Vicki to view privately; 250.215.9889. MLS# 100025681. $579,888.

Just Listed in POPULAR North Glenmore!

2011-04-11T11:26:00.000-07:00

YOUR OWN BACKYARD! Yes, that's right...your own grassed, fenced backyard for suntanning, and entertaining. Such a rare opportunity. This trendy 2 bedroom condominium is bright and sunny with strong morning sun, and faces toward dilworth mountain. High End finishings- hardwood, granite and stainless steel appliances (all included). Mission Group built in 2008- nearly new!. Great revenue potential (no rental restrictions), or a great place to call home. Home to all ages, and PETS welcome! Great Location- close to Transit, Shops, Golf, and Schools. Underground Parking. Get in before Summer to enjoy your outdoor pool, volleyball court, or BBQ Pit. You chose Kelowna as home for reasons like this!! Call Vicki Wills at Macdonald Realty Kelowna to view at: 250.215.9889.
Click the link to visit my website and view more pictures!
http://vickiwills.com/listing_detail.php?id=82

Capstone Estates Townhome

2011-04-06T16:07:00.000-07:00

MLS# 10021202 143-914 Craig Road; Kelowna, BC
Listed at $339,900
3+Beds/4 Baths/1868sqft

Get in before Summer! This end unit townhome is listed competitively at $339,900- great for first time home buyers or young families. Features include single car garage, security system, open kitchen concept,whirlpool appliances, gas fireplace, media room (wired for sound, soundproofed), and more. BUILT GREEN and AWARD WINNING DESIGN. Located next to schools, parks, and recreation.

Contact me today to view; VICKI WILLS- Macdonald Realty Kelowna: 250.215.9889
http://www.realtor.ca/PropertyDetails.aspx?PropertyID=10277444&PidKey=389320964

Kelowna Real Estate Stats for March 2011

2011-04-06T15:36:00.000-07:00

In March 2011 there were 174 single family residential sales compared to 183 last year and 130 last month. The sales volume for this year was $84,669,000 compared to $84,096,000 last year in March - virtually identical.

The average single family home price this year to date is $460,967 while the median is $424,000. These values are only slightly down from last year by about 1%.

Apartment condominiums recorded 54 sales compared to 59 last March. 51 townhomes sold compared to 64 last March. Inventory levels are showing a small decline but spring will likely bring more new listings to the market.

March has been a more positive month than the previous few months as sales increased. Less units have been listed and inventories are dropping slightly. If this continues we will move into a more balanced market in the next few months. The bulk of the sales are in the lower price range (400 homes have sold this year under $424,000) and recent buyer surveys show that 30% of the buyers are first time homeowners. As long as interest rates are favorable this trend will continue.