Category Archives: Real Estate

How can you profit from home foreclosures?

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If handled carefully by experts in real estate, investing in Penticton home foreclosures can lead to high returns with some time and effort. Two factors determine the price of a foreclosure. One is the remaining balance of the existing mortgage, and the other is the quality of the property. Penticton home foreclosures can be a good investment, and you can make good money out of it. There are a number of ways to make money from home foreclosures. These are explained below:

1. Flipping a house

It is one of the best ways to make money from foreclosures. Many small time investors go to the local auction on foreclosed properties in Penticton and purchase the property. Then they flip it for a profit. The property may require a lot of initial capital to make the house ready for resale. You need to your research properly to find out whether the property has an unpaid tax or other dues. In foreclosure auctions, no information about the property is given away. So, you need to make sure that you don’t end up paying more by going for blind auctions, instead of doing their homework carefully.

2. Stay on the property as a rental instead of selling it right away

You can buy a foreclosure property for $80,000, and then invest $20,000 in renovating it. Your total cost becomes $100,000. When you put it up in the market, your appraisal value may be $120,000 which is more than the buyer paid for the property. Now the buyer can take up a mortgage for $120,000. He can pay off the first mortgage of $80,000 and recover the $20,000 invested. So he gets a profit of $20,000. He can then rent the foreclosure for the monthly mortgage payment. The investor can keep the property without using the money from his capital. This way of making a profit is very risky as several factors are involved. First, the investor needs to buy the property for a low price; second, he needs to fix it up without spending much money; third, the appraised value of the property must be more than their total investment value. Finally, you must find renters who will be willing to pay the monthly mortgage. There is a high probability that a few factors may not work in the favor of the investors.

3. REOs

Lenders who win the bid at a foreclosure auction classify and sell the property as an REO or ‘real-estate owned’. You can purchase an REO direct from a mortgage lender. Lenders want to get rid of REOs from their books as fast as possible. So, they offer favorable terms to buyers, like low closing costs, interest rates below market, low down payments, etc. If the property needs renovation, then they even accept a discount price. You can find REOs if you attend the foreclosure sales and follow up after that. You can also get in touch with real-estate agents who market REO listings.

4. Buying property from distressed owners

You can buy properties from distressed owners. Incidents such as accident, job loss, business failure, divorce, etc. can let anyone miss their mortgage payments and get into foreclosures. You can help these distressed owners by saving them some equity and their credit record.

Not everyone can make money by investing in Penticton home foreclosures. This kind of investment is profitable, be needs experience and lot of time and effort. If you have the patience and ability to research well, then you can go for this type of investments.

Related Pages on Trusted Real Estate:
Apex Mountain Real Estate
Summerland Real Estate Listings

September 30, 2016

Buying a home? Here’s Why you Need a Certified Mortgage Broker

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With so much free information available online, many people think that it is possible to get a Kelowna mortgage without hiring a certified mortgage advisor. But it is a huge misconception. There are many pieces of advice a broker can give you which you won’t find anywhere else. Even a bank cannot provide you with the lending options your certified Kelowna mortgage advisor will offer. They have access to a hundreds of lenders that have your best interest in mind. Here are the main reasons why you must hire a certified agent.

1. Protection
Certified mortgage consultants will give you several mortgage options and justify why a particular option is suitable for you. If you face the problem by listening to their advice, you can file a complaint and ask for compensation. You will be backed by laws if you go to a certified mortgage advisor.

2. Qualification
Certified mortgage brokers are not just any broker with vague knowledge on mortgage-related issues. To be certified, they had to pass some exams. They had to demonstrate their knowledge to obtain the certification. So, you can trust them and rely on their advice. They will always be at your side and look for what will be best for you. You can get unbiased information from them.

3. Knowledge of the industry
There are strict rules in place to obtain a mortgage. Prospective buyers have to go through thorough checking before knowing whether they are eligible for the mortgage or not. A certified mortgage broker has all the knowledge about these new rules. They know how long it may take to process the mortgage application. They can guide you on a daily basis. They know the ways to process your request faster and without any hassle. They can chase things and exert influence so that your application gets accepted.

4. More options and competitive rates
Certified mortgage brokers can give you more options to choose. They will analyze your financial situation and credit score to find an option that best fits your need and ability. They will shop around for you, compare various options and offer you competitive rates.

5. Saves time
Your mortgage broker will do all the works for you from researching, comparing choices and rates, to negotiating terms with the lenders. They will also fill out and submit papers on behalf of you. They will follow up with the bank and other parties to ensure that the lender processes your application as quickly as possible.

A mortgage broker will do many extra works for you, for example, tell you about insurance options, etc. Best of all, their services are free. Once the mortgage is approved, the lender pays their commission so it does not cost you anything. So, you can be assured that the broker will do their best to get your mortgage application approved. The benefits they provide outweigh the amount you need to spend on hiring them. So, hire a certified Kelowna mortgage advisor today.

Rampone-Marsh Mortgages

1290 St. Paul St. #316
Kelowna,

V1Y 2C9

Phone: (778)760-2844

July 30, 2016

Finding Luxury Home in Penticton

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A house is isn’t just a place to live. For many people, a house is also a place where they entertain guests, watch their children grow and feel truly relaxed. Canadians are fortunate in that they have many places they can purchase homes. One of the most popular places to buy a house is Canada is the province of British Columbia. BC has seen rapid growth in recent years. Many buyers have chosen to buy a luxury home in Penticton either as a primary residence or a second place where they can go on vacation and getaway from stressful, big city life.

Penticton Luxury Homes for Sale

One of the most popular places to buy a home in British Columbia is the town of Penticton. This lovely town is located a short distance away from Kelowna. Kelowna is a fairly large city with many amenities. Living in, and buying Penticton real estate allows home buyers to have the best of both worlds. They can enjoy living in a relatively rural area yet have easy access to restaurants, shops and sporting events right in the heart of Kelowna only a short distance away. The homeowner can also easily have access to the job market in this part of the world, making it easy for them to earn a living and have a nice house as well. Buyers who are looking for a house here will find many houses to pick from.

Houses Choices in the Region

Penticton has many housing choices that allow each person to pick out the right one for their needs. One person may prefer a more modest apartment while other prefer to stretch out and have a larger house. Those who are looking for upscale, luxury houses right here will have many to pick from. The luxury housing market in this town has many choices that are right for people. Such housing choices include condos, detached homes and private townhouses. Buyers have easy access to many varied kinds of housing that can help them feel right at home once they’ve moved in.

Picking Out Your Home

When looking at housing here, it is often a good idea to have a qualified and skilled professional at your side during the entire process of home buying. Sorting out which particular home may be right for your needs in this town is not always obvious. Those who are looking for houses at the high end of the market may find it particularly hard as they have so many potential options they can pick from right here. Even if someone has lived in this area for many years, they may not know about all the new housing construction in the region or what the existing luxury housing market is like at this time.

We are here for you in the region when you need us. We know the market here. Our professionals can help any buyer find the right Penticton home for sale or condo to suit their needs. Speak with us and find out exactly how we can help you.

Penticton Trusted Real Estate

#210 – 399 Main Street
Penticton,
British Columbia
V2A 5B7

Phone: (778) 760-2824
URL of Map

July 11, 2016

Finding a Home in the Upper Mission of Kelowna

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Looking for Upper Mission homes for sale can be a lot of fun. This part of Canada has much to offer those who love the outdoors and want to be in a place where the air is pure and attractions include clear mountain waters and hiking trails. Staying here during the summer means swimming in fresh water and enjoying the many regional produce products. Staying here during winter means skiing down pristine mountains and skating on almost hidden lakes. Many people choose to buy a house in the Upper Mission region either as their primary residence or a place where they can enjoy a fun getaway with friends and family every now and then. A house in this part of the world can also make a great investment that allows the homeowner to rent it out to others when they are not in residence. When looking for homes here, it is best to keep multiple factors in mind during the entire house hunting process.

Questions You Should Answer First
When looking at Upper Mission homes, it is best to start with a general idea of the kind of house you want. You should think about the primary purpose of the house. Are you going to use it as your primary residence? Or will the home serve largely as a vacation house? Do you plan to buy it for yourself or will you go in on the price of the house with others as well? Do you plan to keep this house for your family or invite other members of your family as well? It helps to answer these questions before you begin any house search.

The Type of House You Want
Another important consideration is the type of house you want to buy. Perhaps you only want a small, cozy house with only two bedrooms and a single bath. Or you might want to buy a larger house on a big lot with lots of bedrooms and room for many people. You should also think about the kind of house style you want. Perhaps you like the idea of a classic colonial home with old fashioned charm. Or you may prefer something a bit more contemporary and modern. Think carefully about the kind of house that is right for your needs. You want to pick out a home here in Upper Mission that you will enjoy for many years.

Your Best Allies
Even if you have been coming here for many years, you may still not know the regional market well. In that case, it is best to work with someone who does. A skilled professional can help you find the kind of assistance you need to make the right choice for your needs. A skilled professional can help you navigate the sometimes complicated local market and find the best house for your budget and your plans. They can also suggest areas and houses that you might not otherwise have known about without their skilled help.

Contact Kelowna Life Real Estate Group today and find out what we can do for you.

Kelowna Life Real Estate Group

251 Harvey Ave.
Kelowna,
British Columbia
V1Y 6C3

Phone: (250) 575-4300
URL of Map

June 17, 2016

Advantages of Living in a Condo

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Are there condos for sale in Okotoks? Yes several offers are available and there are several benefits of living in a condo. But what is a condo, one may ask? A condo is like a fusion between an apartment and a house. However, some condo living elements are similar to apartment living. Many condos are adjacent to others, so often owners share a wall and live in close propinquity. Condo ownership is often thought as the first step to home ownership. They prepare one financially for the later demands of owning a home. It prepares you for the next step of owning and maintaining a family home. So what are the advantages of living in a Condo? Here are a few reasons why you may be drawn to living in one.

No maintenance required

There is a big appeal that comes with owning a condo. If you are a first time homeowner, suffering with poor health, busy at the office, or love traveling a lot you do not have to deal with all that work. This is because; other people will do the maintenance for you. You do not have to worry about landscaping, yard maintenance, road maintenance and roof repair. These services are offered by a condominium association at a relatively affordable fee.

It is cheap as compared to buying a home

Although the cost of condo versus that of a house is relative to the size of the house, the property value and the cost of living in the neighborhood, you will still spend on a condo. In high-end markets condos are mostly the only alternative to high-priced homes.

Sense of community

Condo owners live in close proximity than other suburban homeowners who usually have relatively big yards that separates them from their neighbors. This brings in social moments and a sense of togetherness.

Security

Most condos are gated or locked entries, have doormen or security professionals for residents. If you live alone, and security is a concern to you then living in a condo is a major benefit for you. Another plus, is the close proximity to people and in case of an emergency, there will be people to assist you.

Amenities

Most condo community residents offer resident amenities such a swimming pool, fitness centre, clubhouse among others. While it might be expensive buying a home with all these amenities, it will be cheaper living in a condo that offers these.

While some people may view condo investment as something reserved for the young people and seniors, owning a condo for life is no longer uncommon anymore. Condo is a worth investment, and if you are thinking about owning one then check out our Okotoks condos for sale. Contact our real estate agent today and come view some of the great offers we have.

June 12, 2016

Use a Home Inspector When Buying a Home

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When you find your home in Kelowna, it is important to have a home inspector look at it. Getting a certified house inspections in Kelowna could save you both time and money. Buying a home is stressful enough and getting a home inspector will make things easier for you. If you are looking for a home inspector, contact C4U Inspections located in Kelowna, BC Canada.

Lloyd Kenzle - Kelowna Home Inspector with C4U InspectionsThe home inspectors are certified and will readily show you their qualifications upon request. Buying a home is stressful enough, and you will not have to worry about whether they are qualified to do their jobs. They are also licensed and have adequate insurance cover. They are insured under general liability and errors and omission. The home inspectors have a lot of experience in conducting home inspections. They know what to look for and where to look when looking at your home. At the end of the inspection, the home inspector will give a detailed report and advice on any repairs and maintenance that have to be carried out.

The inspection report will give an overview of what is in the house at the moment the inspection was conducted. Also, there will be a list of things that are in need of maintenance. There will also be a list of what needs to be repaired urgently. Finally, there will be a list of things that should be done but are not that essential.

C4U Inspections home inspectors offer specialized services to their clients. One popular inspection is their Kelowna radon testing service. They involve their customers in their inspections so as to make them aware of what they are doing. They ensure that they conduct a thorough inspection of the home and check every outlet and switch to see if they are functional. They carry out some checks. These include the following:

  • Foundation and structure of the home
  • Exterior and interior
  • Roof and attic
  • Plumbing
  • Insulation
  • Electrical components among other things

The inspectors also carry out pre-listing inspections for homes that are about to go into the market. This will give the owner a rough estimate of what they can sell the house for. The inspection will uncover any pre-existing conditions of the property that might affect the cost. The inspection report will ensure the buyer is comfortable with the home before buying it. Customers also see any problems pointed out by the inspectors and find ways of having them fixed before moving into the house.

The home inspectors come with their tools and are not afraid to get their hands dirty. They will come with their equipment ready to look at every part of the house to ensure they carry out a thorough inspection. They do all this work at affordable rates and ensure you get value for your money. Customer satisfaction is guaranteed, and you get value for your money.

If you want to buy a home or are looking to put yours on the market, contact C4U Inspections and have them look at the home to ensure it is in good condition. When it comes to the home, only get the best-certified home inspectors in Kelowna to avoid incurring extra costs in the future.

C4U Inspections

2716 Springfield Rd
Kelowna,
BC
V1X 4N1

Phone: (250) 212-4025

April 22, 2016

Toronto Voted World’s Hottest Luxury Real Estate Market

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In 2015, Toronto was ranked the world’s best luxury real estate market. The demand for penthouses and mega-mansions accelerated in 2014 as wealthy buyers sought financial havens in their search for investment in art and collectible real estate. Greater Toronto luxury real estate market reflects the general perceptions of this area: an incredible place to live as well as a safe investment.

Toronto means luxury

luxury kitchen

Toronto was ranked 10th in the luxury index, and it was the first on the luxury thermometer, as it was the only city to have a 37 percent increase in luxury homes in 2014. In 2014, Toronto had the second-best year on record for the real estate market. The 2014 yearly report showed the modest supply homes in Toronto pushed prices to $1-$2 million for average homes located in the city and up to $2-$4 million for larger homes or those situated in the most desirable neighborhoods.

An investment for the future

The real estate market in GTA also had the fastest sales pace. In 2014 prime properties found a buyer within 31 days after listing (average). The ultra-luxury housing market is scaling new heights as more and more properties around the world had prices over US $100 million. Last year five homes were sold for more than US$100 million and more than 20 were on the market with a nine-figure asking price.

Today there are more than 1800 billionaires who are becoming members of the real estate collectors club. They are acquiring the most incredible and unique properties in the word. The Greater Toronto luxury properties are something to hold onto for a lifetime, as you would do with a Picasso or a Van Gogh or any other great pieces of art that were sold over the years.

The real estate market will never stop

In 2015 and 2016 the prices are likely to increase more with the newly built properties and off-market homes trading for more than US $100 million. The demand is growing among Europeans and Americans, billionaires from unstable economies like Russia and Middle Eastern countries as well as China, who could not invest overseas before 2012. Last year the luxury homes sales were led by an East Hampton, New York property, which was sold for US $147 million by Barry Rosenstein. But now more and more people are starting to turn their attention to Greater Toronto for luxury properties.

Cities part of the Greater Toronto Area

Greater Toronto is a large area spanning several cities. Each with their own culture, perks and real estate niches. These cities include: Markham, Oakville, Richmond Hill, Brampton and Mississauga. Finding which area you should buy a home in can be a challenge.

Toronto Luxury Real Estate provides you the expert advice you need as well as specific property and market information for high-end properties. We provide you with skilled and knowledgeable associates that will offer you the advice needed on homes and developments for investment purpose. We can help you invest your money into the luxury property and buy the home you desire.

November 26, 2015

Choosing a Townhome or Condo in Kelowna

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Things are looking great for Canada’s real estate market. The numbers keep on growing, and it’s certain that Canada’s economy is one of the safest and the most stable in the world.

condos
Kelowna, the largest city in British Columbia, located in the Okanagan Valley, doesn’t seem to be any different from Canada and its welfare. If you’re considering buying a property here, the only question is “What’s the best option for me?”. If you’re on a tighter budget, there are two main options a real estate agent will suggest: a condominium or a townhome.

Before taking a decision go through the advantages and disadvantages of each type of property with your realtor.

What is the difference between a condo and a townhouse?

The main structural difference between these two types of homes is represented by the number of shared walls. A townhouse doesn’t have any shared unit above or below, only on the sides, while a condo has shared walls on each side. Also, townhomes are at least two stories or even tree. A condominium is usually a single story.

Another significant difference is connected to the ownership rights of the buyer. If you own a condo, you have rights that extend only to the unit walls. With a townhouse, the owner usually has rights to the land as well.

Associations within the community

Both types of properties have strata they belong to, with slight differences. When it comes to a condominium, there is a strata run by the owners from a particular compound. They set out the rules and manage the building and the surroundings’ maintenance.

Townhouses also have strata. As well as in the condo’s case, these organizations take care of maintenance and repairs and do require a monthly fee.

The perks

Living in a condo in Kelowna, offers you have the advantage of enjoying some great amenities such as a pool and gym, without paying a big amount of money, such in the case of the detached single-unit houses. The security is reliable, and the maintenance costs are low since they are shared by the community of owners of condos from a particular building. The downside of a condo is the lack of privacy and having to respect some rules.

A townhouse has similar advantages. It combines the positive sides of a house and a condo. You can get the amazing amenities that come with a condo, but you can still have some privacy. All these for low maintenance costs shared with the other residents. Even so, if you consider buying a townhouse, don’t forget to ask your real estate agent about the rules and regulations of the community. There could be some high fees, and it’s important to know if they are affordable or not. Also, you have to find out if you can adapt to living in a place with rules that may or may not be ideal for your lifestyle.

Kelowna has many options for people wanting to live here. It is truly an incredible city with diversified listings for Kelowna condos and townhomes for sale in Kelowna. No matter what your final decision will be, these types of properties are well suited for some people and less for others. Talk to your realtor and consider all the aspects in order to make the best decision and choose the perfect home for you.

November 6, 2015

Kelowna Luxury Real Estate

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Jane Hoffman – Luxury Real Estate in KelownaOne of the major factors to consider when purchasing real estate is the neighbourhood of which to call home. The city of Kelowna offers a variety of neighbourhoods all offering something special and unique. Whether you choose to reside in the downtown core, Glenmore, Mission, Kettle Valley or Rutland, you’re keeping within close proximity to Kelowna’s most exciting highlights.

People from all over the country are re-locating to Kelowna in order to invest in exceptional real estate in Kelowna that the heart of the Okanagan has to offer. The population currently sits at 118,000 and is rapidly growing with an increasing amount of new residents purchasing homes every year, substantially creating an increase to the West Kelowna luxury homes market. In fact, this past February, the market was one of the best in history because of the low mortgage rates combined with a growing economy encouraging first time home buyers to make their purchases. Newcomers are relocating to the heart of the Okanagan in order to enjoy the warm and sunny summers and the mild winters that locals love to take advantage of.

Luxury-House-in-Kelowna

While the city may be small in theory, the flourishing community thrives with big city aspirations. No matter what your interests are, residents have a variety of exciting community activities to engage in seven days a week. Scattered with award winning dining venues, vineyards and orchards, unique festivals, and arts and culture establishments including theatres, art galleries and museums, you’ll constantly be surrounded with new experiences and a full calendar.

Purchasing a home is a huge decision and one that requires plenty of thought. It’s important to know that you’re working with a REALTOR who offers excellent customer service exercising a high degree of professionalism, dependability and customer understanding; all of the qualities that make Century 21 a trusted household name. When you choose Century 21 as your Kelowna realtor, you’re also choosing unparalleled scenic views, an endless array of arts and culture opportunities, outstanding culinary experiences, unbeatable golf courses, fine wines, fresh fruits and so much more. Century 21 is the first step when deciding to create an outstanding future in the heart of the Okanagan Valley.

October 23, 2015

Nelson, BC – Lots for Sale in the Midst of Nature

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If you are a nature lover and happiest when surrounded by trees and the open skies above you, then Nelson, BC, would be one of the most idyllic locations to buy land and build a house. Living in this city of 10,000 people, you can have the best of both worlds by choosing a location that gives you ready access to forest trails and creeks, and is also a stone’s throw from busy Baker street.

Nelson BCThere are a number of lots for sale in Nelson, BC, and a local Realtor will be able to give you a wide range of options to choose from. However, when buying land it is always a good idea to take some basic precautions. Before closing a transaction it is absolutely to necessary to ascertain the state of title to the land by reference to the records in the land title office.

Some of the other points that you need to consider prior to finalising your choice from the lots for sale in Nelson, BC, that your Realtor has shown you are:

  • Who will your new neighbours be? How far from you will they be located? Is the adjoining land occupied or lying vacant? A visit to your prospective neighbour is definitely called for to get first-hand information about the area.
  • Is the land that you are proposing to buy easily accessible in winter and summer? Do the roads get blocked by snow? If the property does get cut off for some time in winter, what is the normal duration of these periods? Your Realtor would be the ideal source for local information and it is best to discuss your questions with him before arriving at your choice from amongst the lots for sale in Nelson, BC.
  • Is the land that you have selected from the lots for sale in Nelson, BC, freehold or leasehold? While buying freehold land will you give you exclusive ownership in perpetuity, leasehold land gives you possession till the expiry of the lease period. Once the lease period expires you will either lose possession or need to renew the lease at a rate to be decided between the owner and you.

As a general rule, leasehold land will be cheaper than freehold land and its value will fall as the lease expiry date approaches. It will also be more difficult to get a mortgage on. The decision you take in deciding between the lots for sale in Nelson, BC, needs to take all these factors into consideration.

Nelson is a beautiful city located in the Selkirk Mountains and close to Kootenay Lake. Residents enjoy their proximity to nature and also have the advantage of living in an acknowledged cultural centre with access to restaurants, cafés, coffee houses and art galleries. A local Realtor can help you select from the lots for sale to enable you to build your ideal home and live in the midst of nature.

June 24, 2015

5 Reasons to Invest in Kelowna Real Estate

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The real estate market in Kelowna is at the starting point of an upward trend in the property cycle. And with good reason. A variety of factors have combined together to lead to this phase. But before that, the data which shows that the Kelowna housing market is on a roll:

  • In 2014 the Kelowna property market witnessed an increase of 23% in unit sales over the previous year.
  • February 2015 sales were up 34% over February 2014.
  • February 2015 sales were up 53% over January 2015.
  • The pickup in sales was not accompanied by a commensurate increase in inventory. Consequently, the days on market for the listed properties decreased by 16% in 2014 as compared to the previous year.

Condo for saleThere are several reasons for this sharp increase in units sold. The Kelowna property market has all the right ingredients to make it one of the most desirable destinations for homeowners. Among several other attributes, the Kelowna housing market is blessed with:

  1. Climate – Located in the rain shadow of the Cascade Mountains, with the Sonora desert immediately to the south, Kelowna enjoys long summers and relatively mild winters.
  2. Educational institutions – Kelowna has a number of elementary, middle and secondary schools within the public school system. Additionally, in 2005 the Okanagan campus of the University of British Columbia was opened there. Between UBC Okanagan and the Okanagan College, Kelowna Campus, there are over 13,000 college students in this city.
  3. Facilities for sports and recreation – Given its location, Kelowna has extensive facilities for summer and winter sports. Additionally, there are several special facilities for those over 50.
  4. Okanagan Lake – Located mid-way on the 110 km lake which runs from North to South, Kelowna has the advantage of offering sandy beaches, water sports and a fantastic view all year round.
  5. Orchards and vineyards Kelowna is surrounded by vineyards and there are 25 wineries in the immediate area.

With all these positive influences, a sustained surge in prices is around the corner. But the increase in prices will not be uniform across houses, condos and townhouses. Neither will it be uniform across the different localities in the city. In fact, if you’re looking for Kelowna condos for sale, the Kelowna property market has its vagaries and it is very easy for a buyer to make a wrong decision and get saddled with an unsaleable property. Prospective buyers also need to take into account that purchasing a property is a complex matter and the following factors need to be considered before finalizing a purchase:

  • Are the Title deeds in order?
  • Is there a lien on the property?
  • Is the Real Estate Contract in order?
  • Have you used an independent and reliable Property Inspector?
  • Have you considered all the costs involved – property taxes, insurance, repairs etc.?
  • Is your mortgage rate variable or fixed? What are the implications of each?

There are a number of buyers who miss out on these basic precautions. With the Kelowna property market already turning into a seller’s market in some areas, the buyer may be pressurized into making a hasty decision which may cost him thousands of dollars or worse. It is highly advisable that the buyer get the most experienced help and advice so that he can make an informed decision.

Source of property sales data for reference:

http://omreb.com/files/02%20-%20OMREB%20February%202015%20Stats%20Media%20Release.pdf

http://download.remax.ca/PR/HMO2015/Report/Outlook2015Final.pdf

April 23, 2015