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There is an unfortunate myth that permeates the worried minds of real estate consumers: Selling in the Spring is the best time to sell your home because it’s the only realistic way to achieve maximum market value for your home.


This is absolutely not the case! While Spring is typically the busiest market in terms of overall sales, this does not automatically translate into higher earning potential. The Fall, traditionally seen as the “second best” real estate market in terms of seasonal timing, is actually a great time to sell for various reasons. In this blog, I’m going to detail the top four reasons why listing in the Fall is a great choice. I will then give you some practical tips that will instill confidence in your ability to achieve top dollar in this particular market.

Top 4 Factors That Benefit Fall Listings

Less Competition

In the Fall, it is undoubtedly true that you will have much less competition than in the Spring. There are fewer Buyers in the Fall market on average, but also far fewer properties that your listing will be competing with. This presents a unique opportunity to stand out among the crowd and work towards a mutually beneficial deal with a prospective buyer. With less listings to compete with, you carve out your unique place in the housing market and actively entice the most meaningful buyers to consider your property.

Market Flexibility

Due to Spring’s inherent competition, there is almost always a large swath of houses that remain on the market in the Fall that were initially listed in the Spring. Some may have been overpriced, and some may have just suffered from failed transactions with unqualified buyers. Whatever the reason, a segment of your listing competition will be from what Realtors call “stale listings”, which are those that have been listed for several month’s time at around the same price. The market is now more flexible in its offerings. Now is your best opportunity to stand out among the crowd!

Buyers Antsy

During the Fall, you will be faced with plenty of opportunities from Buyers that simply didn’t pull the trigger during the Spring months. Many have missed out on multiple offers, while others may have paused their search until the Summer months are over (this is especially true for the family demographics). Whatever the case, those qualified buyers that didn’t purchase in either the Spring or Summer markets are now as motivated as ever to initiate a purchase in the Fall. Buyers get excited about the new influx of homes for sale and come to you with more meaningful intentions and the experience to prove it. Additionally, Buyers are also motivated to purchase prior to Christmas time so they have time to settle in before the holiday season begins.

Fall Colours

This factor is outside the scope of market dynamics but is still worthy of mention. Fall is a period of time characterized by brilliant colours and a certain kind of nostalgia. Your property, especially if it has some natural features included like trees, can now be presented in a way that no Spring listing can! The beautiful colours serve to amplify the beauty of your property in the listing photos and this increases the chance buyers will say “wow!” even before they see your home. This factor is especially relevant to Okanagan real estate! Our valley is blessed by a remarkable change in colour.

List in the Fall With Unshakable Confidence

Here are four time-tested methods that contribute to an excellent Fall listing:

Professional Photography

As mentioned above, Fall presents a unique opportunity to capture the natural beauty of your home. Colours are changing and this can make colours pop and gets prospective buyers excited about certain property features. While I personally always recommend professional photography for your real estate listings, Fall is an especially important time to do so! Allow the professionals to handle this step because it can make a big difference in the final sale price. Buyers want to feel like they’re buying something special. Nothing depersonalizes a property more than poor photos that fail to capture the natural beauty of a given property.

Take Photos Well Before The Snow Flies

Be sure to have your trusted Realtor book your listing photos for a time where snow is not yet likely to be on the ground. In the chance that your listing extends beyond the regular parameters of the Fall market and into the Winter market, your listing will again stand out among the crowd. This is because Buyers can see what the home looks like when there isn’t any snow covering the property’s features. There’s a surprising amount of high-importance property features that can be covered up by those fluffy white flakes!

 Be Flexible With Showings

Fall is a time where a lot of people are scrambling. Kids are back in school and adjusting to their new classroom environments, and parents are busy at work while trying to dial in Christmas-time arrangements. It’s a hectic time! There’s a considerable benefit to being more flexible with showing requests on your home. It’s okay to have boundaries when it comes to reasonable showings, but the more accommodating you are to the stressed-out buyers that will eventually be interested in your home, the greater chance they will give you the same courtesy in return.

Go The Extra Mile To Stand Out

Remember all that talk about standing out? Now is the time to lean into this sentiment! All efforts should be made to stand out among the crowd of other listings. This can take the form of upgrading a major component of the home, such as purchasing new windows or replacing an ageing roof. This can also be an aesthetic upgrade, such as repainting the exterior of your home with a trendy colour. Whatever the upgrade, work with your trusted Realtor to determine the most realistic upgrades that you can handle that will serve to make your home stand out.

Conclusion

Listing your home in the Fall is a great time to showcase the features of your home that will matter most to the plethora of eager buyers in the market. With the strategic points above to guide you, combined with the help of your trusted Realtor, you will place yourself in a great position to sell your property with steadfast confidence!

Featured Listing

8215 Silver Star Road
This is the rural oasis you’ve been looking for! This custom-built home on a 1-acre parcel features hardwood floors, spectacular lighting fixtures and a lovely vaulted ceiling. There are 3 bedrooms plus a den as well as a self-contained suite on the lower level. Though, these are only some of the greatest features of the home! Head outside to your own private sanctuary complete with a hot tub and gazebo, all surrounded by the trees and other natural features unique to the property. This home also has a detached extended garage/workshop that is fully insulated and wired. So much beauty all wrapped up into one property! This is the type of property that makes Vernon real estate so exciting.


*Click here to see the full listing*


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When it comes to buying property, single-family houses seem to get all the glory. They tend to get the most advertising attention, yet there’s another property-type that can be an ‘unsung hero’

when it comes to investing in the real estate market.


I’m talking about vacant land! There is a different way to approach investing in vacant land, and I’m here to guide you on the best ways to do so. In this blog I will cover the difference between residential and commercial land purchases, what to look out for when seeking vacant land for investment, as well as highlight an awesome piece of vacant land that we have listed. 





 

Residential vs Commercial

Residential real estate is markedly different from commercial real estate, because these land-types suit completely different needs. Once you know these crucial differences, you will be better equipped to decide which avenue might work better for your particular investment portfolio.


Residential real estate is typically singular in its allowable use, which is to accommodate residential construction and subsequent habitation. The differences in residential land types relate to that lot's ability to accommodate density. Some land will be zoned for single-family usage only, some will accommodate the development of townhomes or condos, and some have multiple allowable uses. When looking at property for sale in your local area, such as land for sale in Vernon, be sure to check the zoning bylaws as you go. You also want to be sure that even if the zoning is consistent with your needs, that the lot will allow for the size of dwelling(s) and outbuilding(s) that you intend to construct. 


Commercial real estate in most real estate markets, including in the Okanagan, is subject to a more focused and directed due diligence process. You not only need to be double checking the zoning bylaws to ensure your uses are approved (as well, there are far more commercial designations than residential!), but you also need to be aware of the foot and vehicle traffic and how that relates to your business. As well, commercial real estate purchases may require a higher down payment than your typical residential lot. Be sure to check-in with your financial advisor and trusted Realtor® to know where you stand before commencing any type of search process. It is important to note too that commercial real estate, for the purposes of this blog also includes land for sale approved for industrial use. 


Key Benefits of Investing in Vacant Land

Highest and Best Use

When it comes to developed land, you’re often severely restricted in the control of what’s called the “highest and best use” of a property. For example, if you buy a residential property with a house that’s situated on that land in an unfavourable way (ie. A house that sits near the back of a lot, restricting your ability to have a backyard) it would not be financially savvy to change that. It would simply be too costly. When you own the land however, you can ensure that you control the best way to use that property from the beginning, thus positively affecting your future investment prospects.


Less Maintenance

When you purchase previously-developed land of most kinds, upon conveyance you will likely have immediate overhead. If the commercial property you just bought needs a complete renovation, you will still be subject to things like electricity and hydro bills while you renovate. With vacant land however, you save a great deal in interim overhead. This can bring peace of mind to costly projects, allowing you to focus your time and energy where it most matters: getting the most out of a particular property. 


Lower Barrier to Entry

While vacant land sometimes does require a larger down payment than your typical residential purchase with a mortgage, it is still a lower barrier to entry than buying previously developed land overall. Because there is no structure to deal with, you save a lot of money in mortgage interest and other things, like mortgage origination fees. This makes vacant land a great investment for those that do not want to expose themselves to debt at this particular point in time.


Buying Vacant Land in Vernon & The Okanagan

Speaking from past experience and statistical validation, investing in land in the Okanagan has proven to be an excellent opportunity to diversify your investment portfolio. Okanagan land for sale is increasingly sought after in national and international markets because of the unbelievable potential for future growth. Our beautiful valleys are becoming less and less of a “best-kept secret” and this is attracting worldwide attention. 




Our cities are densifying, particularly in the Kelowna market, which has a ripple effect on zoning bylaws throughout each city and the valley as a whole. Vernon has the unique position of having the most development potential in terms of available land space, bringing both opportunity and unique challenges. Why not meet these challenges by jumping in and becoming a part of this tremendous growth?


Featured Listing

9159 Smith Road

This is a stunning waterfront lot with so much potential. With 114’ of waterfront, it is nestled between two homes that set a beautiful standard for the street. It also has sewer nearby available to connect to and has two titles! Follow this link for more information!


 

Conclusion

Investing in land is a brilliant way to catch the sustainable wave of business flowing into our communities. We all have a desire to have an impact on those around us, and vacant land is a particularly good way of being able to be a force for good here. 


Our real estate markets in the Okanagan are resilient and boundless in their opportunity. Be a part of this opportunity by considering vacant land to be your next investment purchase!


Your trusted Vernon Realtor®,


Louisa Cochrane PREC








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Vernon is a magical place, and we’re not just saying that because we live and do business here! It is a lifestyle paradise, with fun to be had in all four seasons. We are blessed to have hot summers, colourful autumns, snowy winters, and bountiful springs! And not only is it great for visitors, it is home to a vibrant community of residents.

In this post, we’re going to run through some of the most popular Vernon neighbourhoods, give you some practical tips for buying a home here, and showcase three great listings we have available in the city.

Let’s get started!


Location, Location, Location

Vernon has many great neighbourhoods and it would be unfair to label any as “better” than the others. However, these are some of the most popular and well-established neighbourhoods in the city!

East Hill

East Hill is Vernon’s most iconic neighbourhood, and for good reason! It is where Vernon’s first original homes were constructed, many of which still stand today. Just driving through this area with its character homes, tree-lined streets and abundance of city and lake views often forms a nostalgic experience for residents. One of the major benefits to this area is its close proximity to the vast majority of Vernon businesses and city services, so this area is probably best for young to established families with busy lifestyles. Your kids will undoubtedly find great friends within the same neighbourhood over time! Notable schools that serve East Hill are Hillview and Silver Star elementary schools, as well as Vernon secondary school and Seaton secondary school.

Coldstream


This is the neighbourhood for the summer-lovers! Coldstream is arguably Vernon’s most sought after neighbourhood because of its abundance of larger lots and spectacular lake views. And these aren’t just any lake views… The lake in question is one of Canada’s most beautiful: Kalamalka Lake! Known as the “lake of many colours”, this lake turns a vibrant green in midsummer because of its large volumes of limestone deposits left over from receding glaciers. It’s simply spectacular, and it has created an environment that attracts many tourists and locals alike! Be sure to check out Kalamalka Provincial Park for the very best views! Notable schools here include Kidston and Coldstream Elementary, and Kalamalka High School

BX

The BX comprised a fairly large geographic area compared to other neighbourhoods, as it is often split into “north” and “south” BX for catchment purposes. In the north, many homes enjoy stunning panoramic views of the North Okanagan Valley and Swan Lake. In the south, you will find sprawling acreages, beautiful country estates and excellent views of Vernon, which often includes views of different Vernon lakes. The BX is known for its peace and quiet and large lots. Locals especially enjoy the BX dog park and BX Press Cidery, home to great cider and regular nights of entertainment in various forms. The schools in this area are BX elementary and Vernon Christian School.

Bella Vista


Situated in West Vernon amongst a sprawling landscape of grapevines and the grasslands above them, Bella Vista is a great place to live! It is approximately 5-7 minutes to downtown Vernon and is home to many tourist attractions, including Davison’s Orchard (a longtime local favourite) and The Rise golf course and residential community. A large number of Bella Vista homes enjoy views of either vineyards or Okanagan Lake, or sometimes even both! This area is south facing and is best for those that enjoy year-round sunshine and endlessly scenic walks in the evening. The schools that serve this area are Ellison and Okanagan Landing elementary schools, as well as Fulton secondary school.

Okanagan Landing

This catchment is the furthest away from the downtown core, but there’s plenty of reasons why this is a benefit for local residents and visitors. Okanagan Landing is on the west side of Vernon but is generally north facing, as it stretches down the south side of Okanagan Lake. Here you will find excellent beaches and swimming holes, an abundance of actively used boat launches, as well as the beautiful Ellison Provincial Park! This area is best for those who plan to use their home as a vacation home and those that want to take advantage of the active lakeside life. The schools that serve the Okanagan Landing area are the same as those in Bella Vista (actual catchment depends on specific property information).

Remember, these are only some of the more popular neighbourhoods, but that doesn’t mean there aren’t even more great neighbourhoods to look into! Honorable mentions include Swan Lake West, Adventure Bay and Upper Mission Hill. Vernon is beautiful wherever you go!

Tips and Tricks When Buying In Vernon

Seek Professionals Sooner Than Later!

It’s a common misconception that people should begin their online real estate searches on random listing sites. While these can be excellent resources, especially for weary first-time buyers that aren’t quite ready to commit to purchasing, they simply aren’t the best first step most of the time. This applies to all buyers, whether the plan is to buy a single family, townhome or condo.

We always recommend seeking both a licensed mortgage broker and a Realtor® as soon as possible. A mortgage professional will be able to take all your information and work with you on your budget, preventing you from getting ahead of yourself and skewing expectations. A Realtor® will be able to take your budget and plan your next steps, while instituting a system that works for your unique needs and scheduling. A great Realtor employs patience and understanding with everyone they work with, and they’re always in your corner. So make those calls, and be sure to find someone you trust as soon as you can. It can make a huge difference when you’re finally ready to buy!

Wants vs Needs


When you’ve finalized a budget and begun a formal property search, a great next step is working on a wants vs needs list. If you have a partner you plan to purchase with, it is imperative that you both sit down and communicate each other's wants and needs so that you can combine perspectives into a cohesive list. This list will serve you well when you embark on showing tours, allowing you to more efficiently identify the homes that are potential matches for your lifestyle. The key is to be as flexible with your wants and as definitive with your needs as possible. Armed with this tool, you will immediately give yourself an advantage over the others looking to purchase in the same price ranges. This is especially true in Vernon because of its broad diversity in home types, views, and lifestyle preferences.

Review Contracts Ahead of Time

One more useful tip when buying a home in Vernon is to have your Realtor® review commonly used contracts with you ahead of time. You’ve spent all that time preparing your professionals and identifying your wants and needs, so it’s important to understand the contracts you will be signing so that you have more confidence when the time comes around to actually fill them in with real information! This step will amplify your buying confidence and elevate you over your competition when you do come across that perfect home.

Current Listings

Here are some great Vernon listings for sale! We’ll be taking you on a listing tour of Middleton Mountain, which straddles the border between Vernon and Coldstream!

675 Middleton Way


Welcome to our first Middleton Mountain home, complete with stunning views of the iconic Kalamlka lake! This custom built home boasts hardwood floors, custom kitchen cabinetry and easy access to an oversized deck and a flat backyard (not easy to find in this area!). This home is in close proximity to Kal Beach and the Rail Trail, and even has a 1-bedroom in-law suite on the grade level, making it a great option for seniors.

1000 Mt. Atkinson Place


Check out this beautiful home on our next stop through Middleton Mountain home with some of the most stunning updates we’ve ever come across! Inside you’ll find custom cabinets, granite counters, and a brand-new suite all ready to go. There’s also new appliances, hot water tank, blinds AND vinyl fencing. The updates are virtually everywhere! This is the type of home that you can move right in and immediately feel at home!

931 Mt. Grady Close


Situated on a large, private corner lot is this beautiful family home, complete with a two-bedroom in-law suite! This home has three levels with three distinct living spaces, as well as a spacious kitchen with room for the whole family to be together. There are great views to be enjoyed from every upstairs room, and you can even catch the Northern Lights in the winter! The master suite features a vaulted ceiling and its very own fireplace. This is an elegant home in a wonderful family-friendly neighbourhood.

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One of the obvious benefits to living in the Okanagan is the abundance of lakes! Locals and visitors alike tend to flock to the beaches as soon as summer begins. It’s one of the awesome benefits of Okanagan valley living.


A lakeside view with two green chairsSome people want to take the next step and begin looking for lakefront properties! Living right on the lake is a tremendous way to fuse your lifestyle with your living situation. Here are the top reasons to consider a lakeshore home!


Lifestyle At Your Doorstep


Typically when visitors make their way to our wonderful valley, they will make plans based on a lot of activities that can all be accessed simply by owning a lakefront home! Instead of visiting a busy beach, you can hangout in privacy on your very own! Instead of launching your boat at common boat launches around the valley, you can park your boat at your own dock. These are just two examples of how your lifestyle is at your doorstep when you own a lakeshore property!


Increased Investment Potential


When it comes to purchasing a second property, lakefront homes offer a unique advantage. There is an increasing number of people who are ditching hotels and other traditional accommodation options and opting instead for unique homes in beautiful settings. Why not offer your second home to visitors when you don’t plan to be there? Lakefront properties command much higher accommodation prices due to their premium features and amenities. It’s a win-win for owners and visitors alike.


Solidify Your Legacy


Properties are very often extensions of who we are. Whether we realize it or not, our property decisions can dictate the type of life we have, or the one we plan for in the future. With a lakeshore home, you have the opportunity to solidify your family's authentic legacy, especially when that property is kept in the family for multiple generations. Living on the lake will undoubtedly be a defining feature of your family, and tThey will want to visit the property as much as possible to be a part of the legacy you had in mind all along! What a way to unite the ones you love.


Conclusion


As we’ve demonstrated, there is immense value to owning your very own lakefront home. When considering a lakefront property purchase, it’s important to enlist the help of a Realtor. There are many nuances to Lakeshore living and it is important to consult a professional that understands things like riparian restrictions, water licencing and dock licensing. With a skilled Realtor in your corner, you’re well on your way!

Speaking of which, check out these stunning lakefront properties! Let’s get your lakefront lifestyle off to a breathtaking start!


Featured Listings

7634 Tronson Road


Speaking of waterfront living… What a spectacular lakeshore home in Vernon, BC! Over 100 feet of shoreline to enjoy, a state-of-the-art boat lift, and uncompromising views from every window. This is an architectural gem with all the lifestyle features you need to live comfortably year-round.
For a complete list of features and specifications, click here.


400 Inkster Road

Wow! Unbelievable views and priced below assessed value! This property features over 300’ of lakeshore on your own unique lakeshore cove, as well as four bedrooms and three bathrooms. The master bedroom has it’s very own deck leading out to a flat yard with a lawn area and beach space. If that wasn’t enough, there is an opportunity to redevelop over 2.5 acres of the property on the plateau up above. For a complete list of features and specifications, click here.




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UNDERSTANDING RECENT CHANGES TO THE GOOD NEIGHBOUR BYLAW #4980

Protective Services logo
January 6, 2020
Public Notice

PUBLIC NOTICE
On October 28, 2019 the City adopted amendments to the Good Neighbour Bylaw #4980. The changes help clarify definitions and conduct general housekeeping for Part V: Property Maintenance.

BACKGROUND
Recurring issues have been reported by the Protective Services, Transportation and Operations departments in regards to private property maintenance and the maintenance of City owned boulevards and lanes in Vernon. In order to address the issues, City Administration recommended Part V (Property Maintenance) of the Good Neighbour Bylaw #4980 be amended.

These amendments clarify definitions and expectations of private property owners to maintain outdoor storage, as well as adjacent boulevards and lanes. Common language has been used to explain terms within the bylaw, such as derelict vehicle and grass.

References to snow and ice maintenance have been removed from Bylaw #4980, as snow and ice regulations are located in the Traffic Bylaw #5600.

AMENDMENT HIGHLIGHTS TO PART V: PROPERTY MAINTENANCE
5.2       Part V of this Bylaw now applies to the orderly outdoor storage of goods.

5.4       “Every owner or occupier of real property adjacent to a boulevard or lane shall ensure that the portion of the boulevard or lane adjacent to the real property, is kept clean and free of debris, common and noxious weeds.

     a. Every owner or occupier of real property adjacent to a boulevard or lane shall maintain all ground covers and plant materials           including but not limited to trees, shrubs, herbs, grasses and perennials and plant materials planted by the City, developer or           property owner, on the adjacent boulevard or lane.”

5.7       Reference to snow and ice maintenance has been removed from Bylaw #4980. Please refer to Traffic Bylaw #5600 for regulations on snow and ice maintenance.

DEFINITION HIGHLIGHTS IN SCHEDULE “D”
“Derelict vehicle” means any vehicle or part thereof, propelled other than by muscle power including a car, truck, airplane, all-terrain vehicle, recreation vehicle, motorcycle or any modified configuration thereof which:

  1. Is physically wrecked or disabled;
  2. In the case of a motor vehicle is not capable of operating under its own power or, in the case of a trailer, incapable of being towed in the manner a trailer is normally towed; or
  3. Does not have attached number plates for the current year pursuant to the regulations of the Motor Vehicle Act R.S.B.C., 1996 c. 318, as amended, from time to time.

“grass” means vegetation consisting of typically short plants with long, narrow leaves, cultivated for lawns, meadows or fields.

IMPLEMENTATION
This bylaw amendment is effective October 28, 2019.

For more information or clarification regarding the Good Neighbour Bylaw #4980, please visit https://www.vernon.ca/government-services/bylaws/good-neighbour-bylaw-4980 or call the Bylaw Compliance office at 250-550-3505.

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I am blessed to be part of a town that allows me to do what I love everyday! Thanks to Corinna Frew for her dedication over the years.


Thanks for all the support from Royal LePage Vernon, the admin staff and Monty Davis, in particular. I am proud to be part of a group of Independent realtors that function with integrity and grit! Our Brokerage should be proud for its service as well. THANK YOU!

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The British Columbia Real Estate Association (BCREA) reports that a total of 8,837 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in May, a 28.7 per cent decrease from the same month last year. The average MLS® residential price in BC was $739,783, down 1.7 per cent from May 2017. Total sales dollar volume was $6.54 billion, a 30 per cent decline from May 2017.

 

To watch the entire presentation - click here

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On June 15, 2018, changes to Rules under the Real Estate Services Act that dictate how REALTORS® work with consumers will come into effect. The Rules, mandated by the Office of the Superintendent of Real Estate (OSRE) and finalized on April 27, 2018, have been amended to ensure that REALTORS® make adequate disclosures, so that consumers can make informed decisions


For the complete New Release - click here

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“Since the new Rules were finalized six weeks ago, BCREA has been hard at work to update our Applied Practice Courses for new licensees, continuing education courses and nearly two dozen standard legal forms that have been impacted by the changes,” said British Columbia Real Estate Association (BCREA) CEO Darlene Hyde. “The new rules governing real estate practices mark a significant shift in how REALTORS® in BC work with their clients. It’s important that consumers know what to expect when the changes come into effect.”

 

Click Here to read the whole story...

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New Mortgage Qualification Rules Temper Housing Demand

Vancouver, BC – March 14, 2018. The British Columbia Real Estate Association (BCREA) reports that a total of 6,206 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in February, a 5.7 per cent decrease from the same period last year. The average MLS® residential price in BC was $748,327, up 8.8 per cent from the previous year. Total sales dollar volume was $4.64 billion, a 2.6 per cent increase from February 2017...

 

Click Here for youtube - Chief Economist Update

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Vancouver, BC – February 15, 2018. The British Columbia Real Estate Association (BCREA) reports that a total of 5,306 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in January, an increase of 18.3 per cent from the same period last year. The average MLS® residential price in BC was $721,477, up 16.2 per cent from the previous year. Total sales dollar volume was $3.83 billion, a 37.4 per cent increase from January 2017.  Click on the link below to hear the full Housing Update....

 

 

BCREA Housing Update for Feb 2018

 

 

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Categories:   Vernon Real Estate


Declaration period to Begin for BC Speculation & Vacancy Tax ...


Here is important, time sensitive information on the completion of a declaration and registration of an exemption regarding the speculation and vacancy taxation.... click on the link below for detailed information....


Speculation & Vacancy Tax declaration - click here




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BC Home Sales Continue at Slower Pace

Vancouver, BC – December 14, 2018. The British Columbia Real Estate Association (BCREA) reports that a total of 5,179 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in November, down 33.1 per cent from the same month last year. The average MLS® residential price in BC was $718,903, a decline of 1.9 per cent from November 2017. Total sales dollar volume was $3.7 billion, a 34.3 per cent decline from November 2017.


“BC households continue to struggle with the sharp decline in purchasing power caused by the B20 mortgage stress test,” said Cameron Muir, BCREA Chief Economist. “Most BC regions are now exhibiting relative balance between supply and demand.”

Total active residential listings were up nearly 31 per cent to 33,500 units in November, compared to the same month last year. However, it should be noted that this compares to 2017, when active listings for the month of November were at their lowest level in more than 15 years.

Year-to-date, BC residential sales dollar volume was down 23.1 per cent to $53.4 billion, compared with the same period in 2017. Residential unit sales declined 23.6 per cent to 74,847 units, while the average MLS® residential price was up 0.7 per cent to $713,302.

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For more information, please contact: 

Cameron Muir  
Chief Economist  
Direct: 604.742.2780  
Mobile: 778.229.1884  
Email: cmuir@bcrea.bc.ca  

The British Columbia Real Estate Association (BCREA) is the professional association for about 23,000 REALTORS® in BC, focusing on provincial issues that impact real estate. Working with the province's 11 real estate boards, BCREA provides continuing professional education, advocacy, economic research and standard forms to help REALTORS® provide value for their clients.

To demonstrate the profession's commitment to improving Quality of Life in BC communities, BCREA supports policies that help ensure economic vitality, provide housing opportunities, preserve the environment, protect property owners and build better communities with good schools and safe neighbourhoods.

For detailed statistical information, contact your local real estate board. MLS® is a cooperative marketing system used only by Canada's real estate boards to ensure maximum exposure of properties listed for sale.


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Zoning By-Law changes for cannabis

approved by Council



(December 11, 2018  ... News)

Vernon City Council has approved the changes to the Zoning Bylaw to permit cannabis sales, processing and cultivation in many of its commercial and industrial zones....


Click Here - for full story........


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RLP Downtown Realty

Disclosure of Representation in Trading Services Form

A complimentary introduction to the Real Estate Council of British Columbia's new requisite form meant to inform consumers about the types of representation they may receive from a REALTOR in a real estate transaction.


Helping You is What We Do!


Click Here -  Disclosure of Representation in Trading Services


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BC Home Sales to Rise in 2019 
BCREA 2018 Fourth Quarter Housing Forecast

Vancouver, BC – November 8, 2018. The British Columbia Real Estate Association (BCREA) released its 2018 Fourth Quarter Housing Forecast today.

Multiple Listing Service® (MLS®) residential sales in the province are forecast to decline 23 per cent to 80,000 units this year, after recording 103,768 residential sales in 2017. MLS® residential sales are forecast to increase 12 per cent to 89,500 units in 2019. The 10-year average for MLS® residential sales in the province is 84,800 units.


To read the entire article -  click here..


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New Legislation makes it clear:  Farmland is for Farming.......




Legislation introduced on Monday, Nov. 5, 2018, makes it clear that land in the Agricultural Land Reserve (ALR) is for farming and ranching in British Columbia, not for dumping construction waste or building mega-mansions.

To read the entire article, see below....


Click Here to read entire Article


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Province targets speculators and vacant homes, supports housing affordability


The British Columbia government has introduced legislation to tackle speculation in B.C.'s housing market and help turn empty properties into homes for people...


https://news.gov.bc.ca/releases/2018FIN0075-002014

BCREA’s Position on Drug Operations

When a property has been involved in drug production, it can pose serious health and safety risks to the public resulting from mould, chemicals thrown out in the backyard, electrical fires and invasion by criminals looking for drugs, even if the property is no longer being used for drug production. It’s important for members of the public to be informed if a property they are interested in moving into was ever identified as having a history of drug production. Unfortunately, there is no consistency across the province on how municipalities make this information available, nor is there a provincial standard of remediation for buildings used to produce drugs.


To read full article - Click Here

There is an unfortunate myth that permeates the worried minds of real estate consumers: Selling in the Spring is the best time to sell your home because it’s the only realistic way to achieve maximum market value for your home.


This is absolutely not the case! While Spring is typically the busiest market in terms of overall sales, this does not automatically translate into higher earning potential. The Fall, traditionally seen as the “second best” real estate market in terms of seasonal timing, is actually a great time to sell for various reasons. In this blog, I’m going to detail the top four reasons why listing in the Fall is a great choice. I will then give you some practical tips that will instill confidence in your ability to achieve top dollar in this particular market.

Top 4 Factors That Benefit Fall Listings

Less Competition

In the Fall, it is undoubtedly true that you will have much less competition than in the Spring. There are fewer Buyers in the Fall market on average, but also far fewer properties that your listing will be competing with. This presents a unique opportunity to stand out among the crowd and work towards a mutually beneficial deal with a prospective buyer. With less listings to compete with, you carve out your unique place in the housing market and actively entice the most meaningful buyers to consider your property.

Market Flexibility

Due to Spring’s inherent competition, there is almost always a large swath of houses that remain on the market in the Fall that were initially listed in the Spring. Some may have been overpriced, and some may have just suffered from failed transactions with unqualified buyers. Whatever the reason, a segment of your listing competition will be from what Realtors call “stale listings”, which are those that have been listed for several month’s time at around the same price. The market is now more flexible in its offerings. Now is your best opportunity to stand out among the crowd!

Buyers Antsy

During the Fall, you will be faced with plenty of opportunities from Buyers that simply didn’t pull the trigger during the Spring months. Many have missed out on multiple offers, while others may have paused their search until the Summer months are over (this is especially true for the family demographics). Whatever the case, those qualified buyers that didn’t purchase in either the Spring or Summer markets are now as motivated as ever to initiate a purchase in the Fall. Buyers get excited about the new influx of homes for sale and come to you with more meaningful intentions and the experience to prove it. Additionally, Buyers are also motivated to purchase prior to Christmas time so they have time to settle in before the holiday season begins.

Fall Colours

This factor is outside the scope of market dynamics but is still worthy of mention. Fall is a period of time characterized by brilliant colours and a certain kind of nostalgia. Your property, especially if it has some natural features included like trees, can now be presented in a way that no Spring listing can! The beautiful colours serve to amplify the beauty of your property in the listing photos and this increases the chance buyers will say “wow!” even before they see your home. This factor is especially relevant to Okanagan real estate! Our valley is blessed by a remarkable change in colour.

List in the Fall With Unshakable Confidence

Here are four time-tested methods that contribute to an excellent Fall listing:

Professional Photography

As mentioned above, Fall presents a unique opportunity to capture the natural beauty of your home. Colours are changing and this can make colours pop and gets prospective buyers excited about certain property features. While I personally always recommend professional photography for your real estate listings, Fall is an especially important time to do so! Allow the professionals to handle this step because it can make a big difference in the final sale price. Buyers want to feel like they’re buying something special. Nothing depersonalizes a property more than poor photos that fail to capture the natural beauty of a given property.

Take Photos Well Before The Snow Flies

Be sure to have your trusted Realtor book your listing photos for a time where snow is not yet likely to be on the ground. In the chance that your listing extends beyond the regular parameters of the Fall market and into the Winter market, your listing will again stand out among the crowd. This is because Buyers can see what the home looks like when there isn’t any snow covering the property’s features. There’s a surprising amount of high-importance property features that can be covered up by those fluffy white flakes!

 Be Flexible With Showings

Fall is a time where a lot of people are scrambling. Kids are back in school and adjusting to their new classroom environments, and parents are busy at work while trying to dial in Christmas-time arrangements. It’s a hectic time! There’s a considerable benefit to being more flexible with showing requests on your home. It’s okay to have boundaries when it comes to reasonable showings, but the more accommodating you are to the stressed-out buyers that will eventually be interested in your home, the greater chance they will give you the same courtesy in return.

Go The Extra Mile To Stand Out

Remember all that talk about standing out? Now is the time to lean into this sentiment! All efforts should be made to stand out among the crowd of other listings. This can take the form of upgrading a major component of the home, such as purchasing new windows or replacing an ageing roof. This can also be an aesthetic upgrade, such as repainting the exterior of your home with a trendy colour. Whatever the upgrade, work with your trusted Realtor to determine the most realistic upgrades that you can handle that will serve to make your home stand out.

Conclusion

Listing your home in the Fall is a great time to showcase the features of your home that will matter most to the plethora of eager buyers in the market. With the strategic points above to guide you, combined with the help of your trusted Realtor, you will place yourself in a great position to sell your property with steadfast confidence!

Featured Listing

8215 Silver Star Road
This is the rural oasis you’ve been looking for! This custom-built home on a 1-acre parcel features hardwood floors, spectacular lighting fixtures and a lovely vaulted ceiling. There are 3 bedrooms plus a den as well as a self-contained suite on the lower level. Though, these are only some of the greatest features of the home! Head outside to your own private sanctuary complete with a hot tub and gazebo, all surrounded by the trees and other natural features unique to the property. This home also has a detached extended garage/workshop that is fully insulated and wired. So much beauty all wrapped up into one property! This is the type of property that makes Vernon real estate so exciting.


*Click here to see the full listing*


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When it comes to buying property, single-family houses seem to get all the glory. They tend to get the most advertising attention, yet there’s another property-type that can be an ‘unsung hero’

when it comes to investing in the real estate market.


I’m talking about vacant land! There is a different way to approach investing in vacant land, and I’m here to guide you on the best ways to do so. In this blog I will cover the difference between residential and commercial land purchases, what to look out for when seeking vacant land for investment, as well as highlight an awesome piece of vacant land that we have listed. 





 

Residential vs Commercial

Residential real estate is markedly different from commercial real estate, because these land-types suit completely different needs. Once you know these crucial differences, you will be better equipped to decide which avenue might work better for your particular investment portfolio.


Residential real estate is typically singular in its allowable use, which is to accommodate residential construction and subsequent habitation. The differences in residential land types relate to that lot's ability to accommodate density. Some land will be zoned for single-family usage only, some will accommodate the development of townhomes or condos, and some have multiple allowable uses. When looking at property for sale in your local area, such as land for sale in Vernon, be sure to check the zoning bylaws as you go. You also want to be sure that even if the zoning is consistent with your needs, that the lot will allow for the size of dwelling(s) and outbuilding(s) that you intend to construct. 


Commercial real estate in most real estate markets, including in the Okanagan, is subject to a more focused and directed due diligence process. You not only need to be double checking the zoning bylaws to ensure your uses are approved (as well, there are far more commercial designations than residential!), but you also need to be aware of the foot and vehicle traffic and how that relates to your business. As well, commercial real estate purchases may require a higher down payment than your typical residential lot. Be sure to check-in with your financial advisor and trusted Realtor® to know where you stand before commencing any type of search process. It is important to note too that commercial real estate, for the purposes of this blog also includes land for sale approved for industrial use. 


Key Benefits of Investing in Vacant Land

Highest and Best Use

When it comes to developed land, you’re often severely restricted in the control of what’s called the “highest and best use” of a property. For example, if you buy a residential property with a house that’s situated on that land in an unfavourable way (ie. A house that sits near the back of a lot, restricting your ability to have a backyard) it would not be financially savvy to change that. It would simply be too costly. When you own the land however, you can ensure that you control the best way to use that property from the beginning, thus positively affecting your future investment prospects.


Less Maintenance

When you purchase previously-developed land of most kinds, upon conveyance you will likely have immediate overhead. If the commercial property you just bought needs a complete renovation, you will still be subject to things like electricity and hydro bills while you renovate. With vacant land however, you save a great deal in interim overhead. This can bring peace of mind to costly projects, allowing you to focus your time and energy where it most matters: getting the most out of a particular property. 


Lower Barrier to Entry

While vacant land sometimes does require a larger down payment than your typical residential purchase with a mortgage, it is still a lower barrier to entry than buying previously developed land overall. Because there is no structure to deal with, you save a lot of money in mortgage interest and other things, like mortgage origination fees. This makes vacant land a great investment for those that do not want to expose themselves to debt at this particular point in time.


Buying Vacant Land in Vernon & The Okanagan

Speaking from past experience and statistical validation, investing in land in the Okanagan has proven to be an excellent opportunity to diversify your investment portfolio. Okanagan land for sale is increasingly sought after in national and international markets because of the unbelievable potential for future growth. Our beautiful valleys are becoming less and less of a “best-kept secret” and this is attracting worldwide attention. 




Our cities are densifying, particularly in the Kelowna market, which has a ripple effect on zoning bylaws throughout each city and the valley as a whole. Vernon has the unique position of having the most development potential in terms of available land space, bringing both opportunity and unique challenges. Why not meet these challenges by jumping in and becoming a part of this tremendous growth?


Featured Listing

9159 Smith Road

This is a stunning waterfront lot with so much potential. With 114’ of waterfront, it is nestled between two homes that set a beautiful standard for the street. It also has sewer nearby available to connect to and has two titles! Follow this link for more information!


 

Conclusion

Investing in land is a brilliant way to catch the sustainable wave of business flowing into our communities. We all have a desire to have an impact on those around us, and vacant land is a particularly good way of being able to be a force for good here. 


Our real estate markets in the Okanagan are resilient and boundless in their opportunity. Be a part of this opportunity by considering vacant land to be your next investment purchase!


Your trusted Vernon Realtor®,


Louisa Cochrane PREC








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Vernon is a magical place, and we’re not just saying that because we live and do business here! It is a lifestyle paradise, with fun to be had in all four seasons. We are blessed to have hot summers, colourful autumns, snowy winters, and bountiful springs! And not only is it great for visitors, it is home to a vibrant community of residents.

In this post, we’re going to run through some of the most popular Vernon neighbourhoods, give you some practical tips for buying a home here, and showcase three great listings we have available in the city.

Let’s get started!


Location, Location, Location

Vernon has many great neighbourhoods and it would be unfair to label any as “better” than the others. However, these are some of the most popular and well-established neighbourhoods in the city!

East Hill

East Hill is Vernon’s most iconic neighbourhood, and for good reason! It is where Vernon’s first original homes were constructed, many of which still stand today. Just driving through this area with its character homes, tree-lined streets and abundance of city and lake views often forms a nostalgic experience for residents. One of the major benefits to this area is its close proximity to the vast majority of Vernon businesses and city services, so this area is probably best for young to established families with busy lifestyles. Your kids will undoubtedly find great friends within the same neighbourhood over time! Notable schools that serve East Hill are Hillview and Silver Star elementary schools, as well as Vernon secondary school and Seaton secondary school.

Coldstream


This is the neighbourhood for the summer-lovers! Coldstream is arguably Vernon’s most sought after neighbourhood because of its abundance of larger lots and spectacular lake views. And these aren’t just any lake views… The lake in question is one of Canada’s most beautiful: Kalamalka Lake! Known as the “lake of many colours”, this lake turns a vibrant green in midsummer because of its large volumes of limestone deposits left over from receding glaciers. It’s simply spectacular, and it has created an environment that attracts many tourists and locals alike! Be sure to check out Kalamalka Provincial Park for the very best views! Notable schools here include Kidston and Coldstream Elementary, and Kalamalka High School

BX

The BX comprised a fairly large geographic area compared to other neighbourhoods, as it is often split into “north” and “south” BX for catchment purposes. In the north, many homes enjoy stunning panoramic views of the North Okanagan Valley and Swan Lake. In the south, you will find sprawling acreages, beautiful country estates and excellent views of Vernon, which often includes views of different Vernon lakes. The BX is known for its peace and quiet and large lots. Locals especially enjoy the BX dog park and BX Press Cidery, home to great cider and regular nights of entertainment in various forms. The schools in this area are BX elementary and Vernon Christian School.

Bella Vista


Situated in West Vernon amongst a sprawling landscape of grapevines and the grasslands above them, Bella Vista is a great place to live! It is approximately 5-7 minutes to downtown Vernon and is home to many tourist attractions, including Davison’s Orchard (a longtime local favourite) and The Rise golf course and residential community. A large number of Bella Vista homes enjoy views of either vineyards or Okanagan Lake, or sometimes even both! This area is south facing and is best for those that enjoy year-round sunshine and endlessly scenic walks in the evening. The schools that serve this area are Ellison and Okanagan Landing elementary schools, as well as Fulton secondary school.

Okanagan Landing

This catchment is the furthest away from the downtown core, but there’s plenty of reasons why this is a benefit for local residents and visitors. Okanagan Landing is on the west side of Vernon but is generally north facing, as it stretches down the south side of Okanagan Lake. Here you will find excellent beaches and swimming holes, an abundance of actively used boat launches, as well as the beautiful Ellison Provincial Park! This area is best for those who plan to use their home as a vacation home and those that want to take advantage of the active lakeside life. The schools that serve the Okanagan Landing area are the same as those in Bella Vista (actual catchment depends on specific property information).

Remember, these are only some of the more popular neighbourhoods, but that doesn’t mean there aren’t even more great neighbourhoods to look into! Honorable mentions include Swan Lake West, Adventure Bay and Upper Mission Hill. Vernon is beautiful wherever you go!

Tips and Tricks When Buying In Vernon

Seek Professionals Sooner Than Later!

It’s a common misconception that people should begin their online real estate searches on random listing sites. While these can be excellent resources, especially for weary first-time buyers that aren’t quite ready to commit to purchasing, they simply aren’t the best first step most of the time. This applies to all buyers, whether the plan is to buy a single family, townhome or condo.

We always recommend seeking both a licensed mortgage broker and a Realtor® as soon as possible. A mortgage professional will be able to take all your information and work with you on your budget, preventing you from getting ahead of yourself and skewing expectations. A Realtor® will be able to take your budget and plan your next steps, while instituting a system that works for your unique needs and scheduling. A great Realtor employs patience and understanding with everyone they work with, and they’re always in your corner. So make those calls, and be sure to find someone you trust as soon as you can. It can make a huge difference when you’re finally ready to buy!

Wants vs Needs


When you’ve finalized a budget and begun a formal property search, a great next step is working on a wants vs needs list. If you have a partner you plan to purchase with, it is imperative that you both sit down and communicate each other's wants and needs so that you can combine perspectives into a cohesive list. This list will serve you well when you embark on showing tours, allowing you to more efficiently identify the homes that are potential matches for your lifestyle. The key is to be as flexible with your wants and as definitive with your needs as possible. Armed with this tool, you will immediately give yourself an advantage over the others looking to purchase in the same price ranges. This is especially true in Vernon because of its broad diversity in home types, views, and lifestyle preferences.

Review Contracts Ahead of Time

One more useful tip when buying a home in Vernon is to have your Realtor® review commonly used contracts with you ahead of time. You’ve spent all that time preparing your professionals and identifying your wants and needs, so it’s important to understand the contracts you will be signing so that you have more confidence when the time comes around to actually fill them in with real information! This step will amplify your buying confidence and elevate you over your competition when you do come across that perfect home.

Current Listings

Here are some great Vernon listings for sale! We’ll be taking you on a listing tour of Middleton Mountain, which straddles the border between Vernon and Coldstream!

675 Middleton Way


Welcome to our first Middleton Mountain home, complete with stunning views of the iconic Kalamlka lake! This custom built home boasts hardwood floors, custom kitchen cabinetry and easy access to an oversized deck and a flat backyard (not easy to find in this area!). This home is in close proximity to Kal Beach and the Rail Trail, and even has a 1-bedroom in-law suite on the grade level, making it a great option for seniors.

1000 Mt. Atkinson Place


Check out this beautiful home on our next stop through Middleton Mountain home with some of the most stunning updates we’ve ever come across! Inside you’ll find custom cabinets, granite counters, and a brand-new suite all ready to go. There’s also new appliances, hot water tank, blinds AND vinyl fencing. The updates are virtually everywhere! This is the type of home that you can move right in and immediately feel at home!

931 Mt. Grady Close


Situated on a large, private corner lot is this beautiful family home, complete with a two-bedroom in-law suite! This home has three levels with three distinct living spaces, as well as a spacious kitchen with room for the whole family to be together. There are great views to be enjoyed from every upstairs room, and you can even catch the Northern Lights in the winter! The master suite features a vaulted ceiling and its very own fireplace. This is an elegant home in a wonderful family-friendly neighbourhood.

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One of the obvious benefits to living in the Okanagan is the abundance of lakes! Locals and visitors alike tend to flock to the beaches as soon as summer begins. It’s one of the awesome benefits of Okanagan valley living.


A lakeside view with two green chairsSome people want to take the next step and begin looking for lakefront properties! Living right on the lake is a tremendous way to fuse your lifestyle with your living situation. Here are the top reasons to consider a lakeshore home!


Lifestyle At Your Doorstep


Typically when visitors make their way to our wonderful valley, they will make plans based on a lot of activities that can all be accessed simply by owning a lakefront home! Instead of visiting a busy beach, you can hangout in privacy on your very own! Instead of launching your boat at common boat launches around the valley, you can park your boat at your own dock. These are just two examples of how your lifestyle is at your doorstep when you own a lakeshore property!


Increased Investment Potential


When it comes to purchasing a second property, lakefront homes offer a unique advantage. There is an increasing number of people who are ditching hotels and other traditional accommodation options and opting instead for unique homes in beautiful settings. Why not offer your second home to visitors when you don’t plan to be there? Lakefront properties command much higher accommodation prices due to their premium features and amenities. It’s a win-win for owners and visitors alike.


Solidify Your Legacy


Properties are very often extensions of who we are. Whether we realize it or not, our property decisions can dictate the type of life we have, or the one we plan for in the future. With a lakeshore home, you have the opportunity to solidify your family's authentic legacy, especially when that property is kept in the family for multiple generations. Living on the lake will undoubtedly be a defining feature of your family, and tThey will want to visit the property as much as possible to be a part of the legacy you had in mind all along! What a way to unite the ones you love.


Conclusion


As we’ve demonstrated, there is immense value to owning your very own lakefront home. When considering a lakefront property purchase, it’s important to enlist the help of a Realtor. There are many nuances to Lakeshore living and it is important to consult a professional that understands things like riparian restrictions, water licencing and dock licensing. With a skilled Realtor in your corner, you’re well on your way!

Speaking of which, check out these stunning lakefront properties! Let’s get your lakefront lifestyle off to a breathtaking start!


Featured Listings

7634 Tronson Road


Speaking of waterfront living… What a spectacular lakeshore home in Vernon, BC! Over 100 feet of shoreline to enjoy, a state-of-the-art boat lift, and uncompromising views from every window. This is an architectural gem with all the lifestyle features you need to live comfortably year-round.
For a complete list of features and specifications, click here.


400 Inkster Road

Wow! Unbelievable views and priced below assessed value! This property features over 300’ of lakeshore on your own unique lakeshore cove, as well as four bedrooms and three bathrooms. The master bedroom has it’s very own deck leading out to a flat yard with a lawn area and beach space. If that wasn’t enough, there is an opportunity to redevelop over 2.5 acres of the property on the plateau up above. For a complete list of features and specifications, click here.




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UNDERSTANDING RECENT CHANGES TO THE GOOD NEIGHBOUR BYLAW #4980

Protective Services logo
January 6, 2020
Public Notice

PUBLIC NOTICE
On October 28, 2019 the City adopted amendments to the Good Neighbour Bylaw #4980. The changes help clarify definitions and conduct general housekeeping for Part V: Property Maintenance.

BACKGROUND
Recurring issues have been reported by the Protective Services, Transportation and Operations departments in regards to private property maintenance and the maintenance of City owned boulevards and lanes in Vernon. In order to address the issues, City Administration recommended Part V (Property Maintenance) of the Good Neighbour Bylaw #4980 be amended.

These amendments clarify definitions and expectations of private property owners to maintain outdoor storage, as well as adjacent boulevards and lanes. Common language has been used to explain terms within the bylaw, such as derelict vehicle and grass.

References to snow and ice maintenance have been removed from Bylaw #4980, as snow and ice regulations are located in the Traffic Bylaw #5600.

AMENDMENT HIGHLIGHTS TO PART V: PROPERTY MAINTENANCE
5.2       Part V of this Bylaw now applies to the orderly outdoor storage of goods.

5.4       “Every owner or occupier of real property adjacent to a boulevard or lane shall ensure that the portion of the boulevard or lane adjacent to the real property, is kept clean and free of debris, common and noxious weeds.

     a. Every owner or occupier of real property adjacent to a boulevard or lane shall maintain all ground covers and plant materials           including but not limited to trees, shrubs, herbs, grasses and perennials and plant materials planted by the City, developer or           property owner, on the adjacent boulevard or lane.”

5.7       Reference to snow and ice maintenance has been removed from Bylaw #4980. Please refer to Traffic Bylaw #5600 for regulations on snow and ice maintenance.

DEFINITION HIGHLIGHTS IN SCHEDULE “D”
“Derelict vehicle” means any vehicle or part thereof, propelled other than by muscle power including a car, truck, airplane, all-terrain vehicle, recreation vehicle, motorcycle or any modified configuration thereof which:

  1. Is physically wrecked or disabled;
  2. In the case of a motor vehicle is not capable of operating under its own power or, in the case of a trailer, incapable of being towed in the manner a trailer is normally towed; or
  3. Does not have attached number plates for the current year pursuant to the regulations of the Motor Vehicle Act R.S.B.C., 1996 c. 318, as amended, from time to time.

“grass” means vegetation consisting of typically short plants with long, narrow leaves, cultivated for lawns, meadows or fields.

IMPLEMENTATION
This bylaw amendment is effective October 28, 2019.

For more information or clarification regarding the Good Neighbour Bylaw #4980, please visit https://www.vernon.ca/government-services/bylaws/good-neighbour-bylaw-4980 or call the Bylaw Compliance office at 250-550-3505.

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I am blessed to be part of a town that allows me to do what I love everyday! Thanks to Corinna Frew for her dedication over the years.


Thanks for all the support from Royal LePage Vernon, the admin staff and Monty Davis, in particular. I am proud to be part of a group of Independent realtors that function with integrity and grit! Our Brokerage should be proud for its service as well. THANK YOU!

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The British Columbia Real Estate Association (BCREA) reports that a total of 8,837 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in May, a 28.7 per cent decrease from the same month last year. The average MLS® residential price in BC was $739,783, down 1.7 per cent from May 2017. Total sales dollar volume was $6.54 billion, a 30 per cent decline from May 2017.

 

To watch the entire presentation - click here

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On June 15, 2018, changes to Rules under the Real Estate Services Act that dictate how REALTORS® work with consumers will come into effect. The Rules, mandated by the Office of the Superintendent of Real Estate (OSRE) and finalized on April 27, 2018, have been amended to ensure that REALTORS® make adequate disclosures, so that consumers can make informed decisions


For the complete New Release - click here

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“Since the new Rules were finalized six weeks ago, BCREA has been hard at work to update our Applied Practice Courses for new licensees, continuing education courses and nearly two dozen standard legal forms that have been impacted by the changes,” said British Columbia Real Estate Association (BCREA) CEO Darlene Hyde. “The new rules governing real estate practices mark a significant shift in how REALTORS® in BC work with their clients. It’s important that consumers know what to expect when the changes come into effect.”

 

Click Here to read the whole story...

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New Mortgage Qualification Rules Temper Housing Demand

Vancouver, BC – March 14, 2018. The British Columbia Real Estate Association (BCREA) reports that a total of 6,206 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in February, a 5.7 per cent decrease from the same period last year. The average MLS® residential price in BC was $748,327, up 8.8 per cent from the previous year. Total sales dollar volume was $4.64 billion, a 2.6 per cent increase from February 2017...

 

Click Here for youtube - Chief Economist Update

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Vancouver, BC – February 15, 2018. The British Columbia Real Estate Association (BCREA) reports that a total of 5,306 residential unit sales were recorded by the Multiple Listing Service® (MLS®) across the province in January, an increase of 18.3 per cent from the same period last year. The average MLS® residential price in BC was $721,477, up 16.2 per cent from the previous year. Total sales dollar volume was $3.83 billion, a 37.4 per cent increase from January 2017.  Click on the link below to hear the full Housing Update....

 

 

BCREA Housing Update for Feb 2018

 

 

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Categories:   Vernon Real Estate

Housing Supply Not Keeping Pace With Demand in Most BC Regions...

 

 

Vancouver, BC – June 13, 2017. The British Columbia Real Estate Association (BCREA) reports that a total of 12,402 residential unit sales were recorded by th

e Multiple Listing Service® (MLS®) in May, down 7.9 per cent from the same period last year. Total sales dollar volume was $9.33 billion, down 4.0 per cent from May 2017. The average MLS® residential price in the province was $752,536, a 4.2 per cent increase from the same period last year....

 

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The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.
MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association.