Team Metz - High Performance Real Estate!

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Western Canada top 100!

Posted: Thursday, 31 January, 2008

A letter Team Metz received:

Dear Larry:

Congratulations! Western Canada Top 100!

On behalf of RE/MAX of Western Canada, I would like to congratulate you on your outstanding team performance on completed transactions for the month of December 2007.

We appreciate the hard work and dedication to your customers. Sales Associates like yourself add to our image and give meaning to our trademark "RE/MAX. Outstanding Agents, Outstanding Results".

Wishing you continued success for 2008

Yours sincerely,

RE/MAX of Western Canada

CMHC forecasts housing starts decline in 2008

Posted: Tuesday, 30 October, 2007

Housing starts next year are expected to trail off from this year’s projected level, Canada Mortgage and Housing Corp. said Tuesday. CMHC said starts are expected to come in at 214,000 units in 2008, down from the forecast 227,530 units this year. "The pull-back in housing starts next year will be mainly due to the increases in house prices in recent years, which have pushed mortgage carrying costs higher," said Bob Dugan, chief economist at CMHC. The federal government agency said 2008 is expected to mark the seventh consecutive year in which housing starts top 200,000 units. CMHC predicts sales through the Multiple Listing Service (MLS) will fall by 3.9 percent in 2008, but will still be slightly over 500,000 units nationwide, the second highest on record. Growth in the average MLS price will remain high at 10.1 percent in 2007, mainly because of continued strong price pressures in Canada’s western provinces, CMHC said. As most resale markets move toward more balanced conditions, growth in the average MLS price is forecast to slow to 4.2 percent in 2008.

Source: Castanet.net October 30, 2007

Glenmore Condo a go

Posted: Tuesday, 30 October, 2007

A 123 unit condo complex proposed for Kane Road in Glenmore is one step closer to reality. Kelowna City Council voted unanimously to approve a re-zoning application for the property from A1 Agricultural to RM5 Multiple Housing. The project is situated in the Glenmore Valley Village Centre at the corner of Kane and Valley roads. The complex would comprise of 16 studio units, 20 one-bedroom, 58 two-bedroom, 21 three-bedroom suites and eight townhouses. The proposal is consistent with provisions within the Official Community Plan, therfore an affordable housing component was not required.

Source: Castanet.net October 30. 2007

Slowing Housing prices

Posted: Friday, 19 October, 2007

The days of double digit residential home price increases appear to be over in the Central Okanagan-at least for now.

In its 2008 Housing Market OUtlook, Remax Western Canada, says the price of an average home in the Kelowna area is about 9% in 2008. The average price of a home in Kelowna is presently about $375,000, up 19,5% from a year ago. that price is expected to be $408,000 in 2008. for more on this story visit castanet.net (story dated October 18).

Labour shortage in Kelowna

Posted: Thursday, 30 August, 2007

The lack of skilled labour is becoming an issue for most Kelowna businesses and causing problems for the local economy.

For more information on this story visit castanet.net