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Penticton, BC Real Estate News

By Peg Barcelo, The FlufftasticStager from Summerland, BC
(Fluff My House! Home Staging Inc. 250.486.6369)
Penticton Farmers Market; Where You Can Buy Local Every Saturday, Spring to Fall!For those in the know; I am not just the Flufftastic Fairy. My alter ego is BAM-a-Lam, Balloon Animal Maker extraordinaire (lol)...So when I moved to Summerland, BC, in late June this year I decided I would work at the local Farmer's Markets to make money while Fluff My House! Home Staging Inc. got up & running.Non-rainy Saturdays have been spent at the Penticton Farmer's Market located on 4 to 5 blocks of Main Street Penticton from 8am - 2 pm. The hours are actually 9 - 1 pm but the vendors are there... (rainy Saturdays I've been renovating my place)My little spot, under a huge tree in the shade was across from 3 vendors who had to put up with the occasional popping of Balloons & my chatter with the kids.....
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By Raymond MAASKE, Commercial Real Estate
(BusCom Real Estate Services)
Fantastic property for sale! Buy and own it for under $700/month. 3 BR Overview Maps Photos $136,900 Townhouse Main Features 3 Bedrooms2 BathroomsInterior: 1,090 sqft Location 763 ECKHARDT AVE E 104EPenticton, BC V2A2A5Canada To get updates on open home dates and other property events, please click the "Like" button below: Raymond MAASKE Home Star Realty250-488-8764raymond@HomeStarRealty.cahttp://www.HomeStarRealty.ca   Listed by: Home Star Realty Okanagan BC Our recent listings Fantastic property for sale! Buy and own it for under $700/month. 3 BRSpacious well maintained home in Oliver area*** **** Okanagan Vacation Short Term Rental 2012 ****ARE YOU READY TO BUILD YOUR DREAM OR RETIREMENT HOME?Bare Land Strata Subscribe to our listing feed Nearby properties for sale
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Action Vacuum & Sewing - We Sell & Service ALL makes and models of Vacuums & Sewing Machines,  We Sell the best and fix the rest at 246 Main Street, Penticton BC, 250.492.7733 - Terry Rudolph     Action Vacuum & Sewing - We Sell & Service ALL makes and models of Vacuums & Sewing Machines,  We Sell the best and fix the rest at 246 Main Street, Penticton BC, 250.492.7733 - Terry Rudolph
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By Raymond MAASKE, Commercial Real Estate
(BusCom Real Estate Services)
785 Fairway Ave Penticton BC, BC V0H 1Z4 BY COURT ORDER Home Photo Gallery Virtual Tour Property Map Payment Info Request Showing Contact Me Raymond MAASKE, BBA, CCC, ATM-B Direct:250.488.8764 Website:Visit Website Price : $199,000 Bedrooms : 3 Bathrooms : 2 Square Foot : 1,230 Lot Size : 6,969 Community : Penticton County : Okanagan Property Type : Condo or Townhouse Year Built : 1974 MLS Number : 132504 click for more information and pictures Property Description CONTINGENT. Priced to sell BY COURT ORDER - No strata, No restrictions, all ages and all pets welcome, rentals allowed. No rules - one of the only freehold townhomes in Penticton. Enjoy your front and backyard with plenty of parking. Close to the channel and highway. Steps to Penticton Golf Course and Events Centre. 3 bed, 2...
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Christine Duncan Notary Public Inc, Suite 130-300D Riverside Dr, Penticton, BC 250-492-8222 – Real Estate and so much more…   What Services Can a BC Notary Provide? Affidavits for All Documents required at a Public Registry within BC Authorization of Minor Child Travel Business Purchase/Sale Certified True Copies of Documents Commercial Leases & Assignment of Leases Contracts and Agreements Easements and Rights of Way Estate Planning Execution/Authentications of International Documents Health Care Declarations Insurance Loss Declarations Letters of Invitation for Foreign Travel Manufactured Home Transfers Marine Bills of Sale and? Mortgages Marine Protestations Mortgage Refinancing Documentation Notarizations/Attestations of Signatures Passport Application Documentation Personal Propert...
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  Why Every Responsible Citizen Should Rob Their Bank You're Invited to Learn How to Rob Your Bank - Legally! Local author, Scott Peckford will be in Penticton sharing how anyone can negotiate with their bank and save thousands of dollars. Learn how to keep more of your hard earned money! You will learn: - How to reduce or avoid those nasty payout penalties- How to negotiate with your bank and save thousands- The 3 keys to being a successful bank robber- The #1 reason borrowers fail to successfully negotiate with their bank- How to pay off a 35 year mortgage in as little as 16 years with zero risk- The ultimate investor mortgage- Why you should never marry your bank -dating them is much cheaper- The one product you should never buy from your bank This event will have limited seating so ...
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By Raymond MAASKE, Commercial Real Estate
(BusCom Real Estate Services)
Type in your SEO text here... 1094 Government Street Penticton, BC V2A6N8 HASSLE FREE: 6.32% Cap Rate Home Photo Gallery Virtual Tour Property Map Payment Info Request Showing Contact Me Raymond MAASKE, BBA, CCC, ATM-B Direct:250.488.8764 Website:Visit Website Price : $1,175,000 Bedrooms : 11 Bathrooms : 12 Square Foot : 12 County : Okanagan Property Type : Income MLS Number : 110580 click for more information and pictures Property Description HASSLE FREE: 6.32% Cap Rate on this remarkably well kept 12 unit; 3 story wood frame, walk up revenue investment apartment building in the downtown core of Penticton, BC. This building has 3 two bedroom units, 5 one bedrooms units, and 4 bachelors. Exceptional management, zero vacancy. Lots of recent upgrades. RM3 Medium Density Multi Family Zonin...
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Even the City of Penticton is forced to reduce  prices by $50,000 on real estate they own and currently listed for Sale. By Bruce Walkinshaw - Penticton Western NewsPublished: December 02, 2010 6:00 PM Updated: December 02, 2010 9:54 PM A soft real estate market has forced Penticton council to reconsider its valuing of Munson Mountain land. Council approved reducing the price of two city-owned lots at 1125 and 1275 Munson Ave. by $50,000 each at a Nov. 12 in-camera meeting. Councillors Garry Litke and Dan Albas voted against the move. With the reduction the two properties will now be priced at $1.36 million and $1.25 million respectively. Mayor Dan Ashton said council made the decision after listing agents advised them that the asking price was too high. “The reason is that there is pr...
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Tami O'Callaghan & Pat Evans Mortgage Consultants, Mortgage Specialists 105-483 Main Street, Penticton BC, Complete Mortgage Services Inc. Real Estate and Home for Sale       About Tami: "A Lifetime of Lending" Tami's career is based on a 28 year association with the Royal Bank. After leaving the bank in 1996, she became a licensed mortgage consultant/broker to help more people with their mortgage needs. She is an "accreddited mortgage professional and a member of CAAMP and MBABC. In today's mortgage market, the products and services, choices and rates have become complex and difficult to compare. As a mortgage broker, she is able to ask the right questions and, based on the client's personal financial goals, suggest a unique solution tailored to each client. She will spend the time nec...
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By Raymond MAASKE, Commercial Real Estate
(BusCom Real Estate Services)
  The Kitchen sells the home  - Summerland, Penticton, Okanagan BC Real Estate Walking into a tired and outdated kitchen can bring the anyone’s mood down. But when the budget dosen’t permit an expensive remodel there are a few easy ways to update and spruce up your kitchen without having to make a major investment. We all know about painting and adding new curtains, but what else helps to give your kitchen a new look? New lighting One of the simplest ways to add character and a contemporary feel to the kitchen is by using lighting. Replacing your fluorescent fixture with flexible track lighting or one of the attractive new pendant-style fixtures will give your kitchen a new look. Track lighting is relatively inexpensive where you can get an 8 foot track for about $15 and each track fixt...
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For great family fun check out Hit to Pass at the Penticton Speedway.  We usually make our annual trip up Carmi Mountain for hours of fun watching, eating, talking and playing!!  Penticton Speedway. 40-year Racing History in the South Okanagan Locally owned and operated Heavily involved in the community: Scholarship Fund Supporting Local Charities / Associations   Map to Track     Situated in the heart of the Okanagan, Penticton is a popular and friendly family tourist destination. Upon your arrival finding the race track is quite easy:     From the North: Proceed straight at the first light after entering Penticton city limits. (Don't merge right with hwy 97.) After light, hwy 97 is now called Eckhardt Ave. Stay on Eckhardt through to Government. At Government turn right. Two lights do...
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By Raymond MAASKE, Commercial Real Estate
(BusCom Real Estate Services)
Canada Raises Policy Rate, First in G-7 After Global Recession By Greg Quinn June 1 (Bloomberg) -- The Bank of Canada raised its key interest rate from a record low today, the first Group of Seven country to do so since last year’s global recession, and said further moves will be “weighed carefully” against future growth in Canada and elsewhere. The target rate on overnight loans between commercial banks rose to 0.5 percent from 0.25 percent, as predicted by 25 of 27 economists surveyed by Bloomberg News. It was Mark Carney’s first increase as governor and the bank’s first since July 2007. “Given the considerable uncertainty surrounding the outlook, any further reduction of monetary stimulus would have to be weighed carefully against domestic and global economic developments,” the Otta...
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Real Estate Market Update for the week ending May 29th, 2010 - Summerland, Penticton, Okanagan BC - Raymond MAASKE Address Unit BR Bth List Price SqFt Fin Ratio Price Sold Ratio DOM Status Area                         125 BRACEWELL DRIVE   3 3 339,900 2,110 161.09 339,000 160.66 18 SOLD Penticton 2716 EVERGREEN DRIVE   4 3 479,000 2,276 210.45 467,000 205.18 65 SOLD Penticton 3413 FORSYTH DRIVE   3 3 799,900 2,839 281.75 780,000 274.74 71 SOLD Penticton 13 KINGFISHER DRIVE   2 2 369,900 1,450 255.1 350,000 241.37 80 SOLD Penticton 3333 SOUTH MAIN STREET 47 2 2 499,000 1,705 292.66 469,600 275.42 172 SOLD Penticton         497,540 2,076 240 481,120 231 81                             8616 CEDAR AVE   4 3 829,000 2,690 308.17     4 ACTIVE Summerland 10707 GIANTS HEAD ROAD   5 3 648,800 3,7...
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By Richard Batke
(Invis - Richard Batke, Residential Mortgage Broker)
Debt Management by Richard Batke, Mortgage Broker in Penticton and Summerland BC Managing your debt is more important now than ever!  At best, consumer debt limits your real estate purchasing power and reduces your cash flow, and at worst can cost you your home and force you into bankruptcy. I have recently seen several clients who wanted to consolidate their debt into their mortgage only to find that there is no equity left in their home.  As real estate values decrease, people may find themselves owing more than their home is worth. Others have tried to qualify for a mortgage, having great income, however, the consumer debt and car loan payments halted their dream until they make the necessary changes in their debt management. Times have changed! 1. We can no longer assume that our h...
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By Raymond MAASKE, Commercial Real Estate
(BusCom Real Estate Services)
Penticton wants some business from developers and they are prepared to offer development tax incentives and reductions in development cost charges to make the deal sweeter. Penticton wants hotel and motel development, some much need redevelopment of downtown and anything in industrial and manufacturing. Look at this list: 100 per cent municipal tax relief for five years. A 50 per cent reduction in building permit fees. A 50 per cent reduction in the development cost charges payable by the project. An opportunity to defer payments of the development cost charges to a later stage in the projects approval process. To qualify the projects construction must commence before December 31, 2011 and have final approval before Dec. 31 2013... Source:  http://www.castanet.net/news/John-Thomson/5419...
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Mortgage Broker use is more important than ever! by Richard Batke Invis - Wilkins & Associates, Penticton BC According to the 2010 Mortgage Consumer Survey from Canada Mortgage and Housing (CMHC) mortgage brokers continue to enjoy a 45% market share of all first time home buyers, 39% of all real estate buyers and show significant favour for refinances. Mortgage Broker Use Eight in ten of respondents who used a mortgage broker for their most recent transaction agree that the mortgage broker took the time to fully understand their financial situation and their needs in a mortgage. Mortgage consumers included these benefits of using a mortgage broker:   - They are able to get the best deal or rate for their clients   - They are convenient    - They offer time savings when obtaining a mort...
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Rental Properties: How the new mortgage guidelines affect your buying power, by Richard Batke, Mortgage Broker, Penticton and Summerland BC Purchasing Power and Rental Properties - How have the new mortgage lending guidelines in Canada affected you? The Following comparison is using today's mortgage interest rates for all calculations. Example 1: Non Owner Occupied Rental Property Before April 19 Mortgage Lending Changes: For Someone qualified to carry a mortgage payment of $1200/month for a rental property that has $1200/month income: 1. $237 900 purchase price with 5%     down payment 2. $313 000 purchase price with 20%     down payment After April 19 Mortgage Lending Changes: 1. 5% down payment no longer available - 20% down payment minimum 2. $127 500 purchase price with 20% down f...
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Buying power - How the new mortgage guidelines affect the First Time Home Buyer by Richard Batke, Mortgage Broker, Penticton and Summerland BC The new mortgage lending guidelines are now in effect in Canada, here is how they affect First Time Home Buyers. The Following comparison is using today's mortgage interest rates for all calculations. Before April 19 Mortgage Lending Changes: Someone qualified to carry a $1 500/month mortgage payment could purchase a home worth: 1. $394 200 with a 2 year term, Fixed    Rate Mortgage 2. $365 500 with a 3 year term, Fixed    Rate Mortgage 3. $365 500 with a Variable Rate     Mortgage 4. $329 500 with a 5 Year Fixed Rate     After April 19 Mortgage Lending Changes: 1. $276 100 for all closed terms less than 5 years, including Variable    Rate Mortg...
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Penticton, BC Real Estate Professionals