Apartment For Sale in Apex, Penticton

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A true ski-in, ski-out location

•  850 sq. ft., 2 bath, 2 bdrm apartment – $145,000 CAD. Apex Mountain Inn Resort
MLS® #158428

– Apex Mountain Inn Resort units 215 & 216 are a corner suite facing directly onto the Okanagan ski trail. This is a true ski-in, ski-out location. Newly renovated with a cozy fireplace. Located in the heart of the Village and close to the Mountain Shop, Trading Post, Gunbarrel Saloon and The Edge Bistro. Apex Resort offers 73 ski trails, 3 terrain parks, hockey/skating rink, 1 km skating loop, snowshoeing, snowmobiling/sledding and the Nickel Plate Nordic Centre just 6 km away. Note that the strata monthly fee includes all utilities, telephone, high speed wireless access and satellite TV. The common amenities include 2 outdoor hot tubs, restaurant and newer games room. No restrictions on owner’s personal use, use full time or put in rental system with Hotel Management.

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Single Story For Sale in Penticton Main North, Penticton

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Home is very well appointed

•  979 sq. ft., 2 bath, 2 bdrm single story – $269,000 CAD. Amazing location
MLS® #158427

– Penticton townhouse on Pickering Street – all the work is done, beautiful new flooring & paint throughout, spotless, 2 bedroom, 2 bath townhouse. Large kitchen with spacious dining area leads you to the south facing private back yard, lined with cedar trees & a good sized deck for entertaining. Amazing location across from Penticton Creek. Walk to the beach, market, restaurants & shopping. The KVR is literally only steps away. This home is very well appointed with a large master bedroom with full ensuite, a large second bedroom and second bathroom. The 5′ basement “crawl space” will offer you ample storage. Hillside Estates offers single covered carport, simplify your life, 55+ community, pets with approval, no rentals allowed.

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2 Story For Sale in Kaleden, Thompson Okanagan

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Bighorn Mountain Estates latest offering

•  1,110 sq. ft., 2 bath, 1 bdrm 2 story – $439,900 CAD. High quality finishing
MLS® #158390

– Bighorn Mountain Estates latest offering. Level entry rancher with walk out basement. Open floor plan, high quality finishing and move in ready! Craftsman style homes in this unique gated community creates an atmosphere of community and a place people are proud to come home to.

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Apartment For Sale in Main Town, Summerland

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Bright and open living space

•  1,240 sq. ft., 2 bath, 2 bdrm apartment – $199,000 CAD. Desirable Linden Estates
MLS® #158410

– Ground level corner unit in desirable Linden Estates. This 2 bedroom, 2 bathroom home has 9 foot ceilings that create a bright and open living space, with a spacious living room, dining room and large kitchen and features newer carpet and laminate flooring throughout as well as crown moulding and all newer appliances. The large master bedroom boasts lots of closet space on both sides of a walk thru leading to the private 4-piece ensuite. There’s also a second bedroom/den that has double glass French doors leading to the living room. Gas fireplace, large laundry room, and sliding doors leading to the private patio with access to the manicured grounds and natural gas BBQ are just a few of the additional features of this lovely home. Covered parking, a storage room and RV parking space round out the easy living that awaits you. Quick possession possible.

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Advocacy News from the British Columbia Real Estate Association – December 2015

Strong Housing Demand Expected Through 2016

The BCREA Economics Department forecasts that the number of homes changing hands on the Multiple Listing Service® will exceed 100,000 in 2015. That’s the third strongest unit sales figure on record and marks the first time since 2007 that BC home sales will exceed the ten-year average.

While sales are expected to decrease somewhat in 2016, the forecast is still strong with an expectation of 93,700 homes. BCREA expects the average MLS® price to reach $626,100 in 2015 and $639,700 in 2016.

All of this bodes well for provincial government coffers. In his Second Quarterly Report in late November, Minister of Finance Mike de Jong reported that revenues from the Property Transfer Tax are expected to be nearly $1.3 billion in the current fiscal year—$350 million higher than the original budget figure in February.

BCREA has been following Minister de Jong’s remarks about the PTT with interest, and looks forward to the 2016 provincial budget, which just might include good news for many homebuyers. The Association’s concerns with the tax have been on record since 1987, and BCREA recently made the following recommendations:

  1. Increase the 1% PTT threshold from $200,000 to $525,000, with 2% applying to the remainder of the fair market value.
  2. Index the 1% PTT threshold of $525,000 using the MLS® Home Price Index, and make adjustments annually.

Winding Up Stratas

Strata property legislation in BC dates back to 1966. Clearly, some of those properties are nearing the end of their lives, and the owners are facing serious decisions about the future of their buildings. In the BC legislature this fall, amendments to the Strata Property Act were passed relating to the termination of strata corporations.

Currently, when a building is at the end of its life cycle, or owners want to sell for redevelopment, all eligible voters must approve. When the amendments are implemented, that threshold will be 80 per cent, which is an approach taken by several other jurisdictions in Canada and elsewhere. Court confirmation will be required for strata corporations with five or more strata lots; this measure will help protect the rights of dissenting owners.

These changes are consistent with recommendations made by the BC Law Institute in February 2015, with which BCREA agreed. More information about the BC Law Institute project to review several aspects of strata property law is available at www.bcli.org.

Old Floodplain Maps Put British Columbians at Risk

Only 21 per cent of BC communities and First Nations have access to a floodplain map that’s ten years old or less, according to the BC Floodplain Map Inventory Report, published in October by BCREA. Nearly 31 per cent reported they have no access to floodplain maps at all.

Floodplain maps support decision making by showing risks to existing and proposed developments and infrastructure, and help support resilient growth and emergency planning. To be effective, though, the maps must be updated regularly to reflect changes in land development, the environment and climate.

The BC Floodplain Map Inventory Report identifies the BC floodplain maps created or updated in the last ten years. It also describes the public availability of maps, availability of supporting data, and challenges and opportunities communities have experienced with floodplain mapping projects.

The report results suggest that better information about floodplain maps, guidelines for their development, data standardization, and stronger funding mechanisms will all improve the state of floodplain mapping in BC. Better floodplain maps will make communities, First Nations and the entire province more resilient.

Visit www.bcrea.bc.ca/docs/government-relations/2015floodplainmapinventory.pdf to read the full report.

The BC Floodplain Map Inventory Report is the most recent completed project coming out of BCREA’s Floodplain Maps Action Plan, which was developed in 2013. For other resources created as part of that initiative, including the following, follow this link www.bcrea.bc.ca/government-relations/flood-protection:

  • Floodplain Mapping Funding Guidebook for BC Local Governments
  • Floodplain Mapping Backgrounder
  • Floodplain Maps Action Plan

On November 26, the Insurance Bureau of Canada officially called for a national flood program to help protect Canadians. IBC is clear that such a program needs to go beyond insurance, to include new infrastructure, local control measures, an information campaign and comprehensive research. News release: www.ibc.ca/bc/resources/media-centre/media-releases/ibc-steps-up-to-contribute-to-a-national-flood-program.

201-186 Roy Ave in Penticton South, Penticton is Sold!

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– The apartment at 201-186 Roy Ave has been sold.

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37-45 Green Ave W in Penticton South, Penticton is Sold!

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– The 2 story at 37-45 Green Ave W has been sold.

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Price dropped on 24-80 Green Ave W in Penticton South, Penticton

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move in ready!

– Announcing a price drop on 24-80 Green Ave W, a 1,044 sq. ft., 1 bath, 2 bdrm townhouse “Two Storey”. Now $169,900 CAD. Lots of updates
MLS® #157119

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