BoC says the housing market is still vulnerable to household debt

Close up woman doing finance at home office with calculate expenses.

The Bank of Canada released its review of the financial system Thursday and warned that it was important to remain vigilant to the risk of household indebtedness.

The bank said that while the mortgage stress test and interest rate hikes have slowed household borrowing and improved credit quality, there are still high levels of indebtedness and a large portion is held by households that are highly indebted.

 

Single Story For Sale in Main South, Penticton

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This home is located along the Old Okanagan River Channel

•  1526 sqft , 2 bath , 2 bdrm single story FOR SALE  CAD440,000 . Penticton's newest luxury
MLS® 178401

We are excited to present “The Bow”, Penticton’s newest luxury affordable housing project set in the middle of the city yet nestled away in nature. This vibrant community will feature breath -taking scenery that encourages healthy lifestyles. Location is completely central with easy access to shopping, dining, golf & so much more. Lot 9 is currently under construction and will be completed in Spring 2019. “The Okanagan” is one – level Rancher floor plan W/1500 sqft, 3bed/2bath, contemporary finishing with an open concept design great for entertaining. Standard specs: double garage, stainless steel appliance package, fully landscaped & fenced yard with patio. This home is located along the Old Okanagan River Channel surrounded by nature. Show home is open Sat & 11am – 4pm, come find out how our unique Live Smart Plan can work for you. New 150 – year land lease means NO GST or Property Transfer Tax & no stress. Over HALF of the Development has now sold out.

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1 1/2 Story For Sale in Okanagan Falls

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very comfortable residence located in a quiet and pristine area of Kaleden.

•  2288 sqft , 3 bath , 4 bdrm 1 1/2 story FOR SALE  CAD569,900 . Enjoy Fabulous Lake and mountain views
MLS® 178377

Enjoy Fabulous Lake and mountain views from this very comfortable residence located in a quiet and pristine area of Kaleden. Breathtaking views from the kitchen, dining and living room areas. This home is spacious, boasting 5 bedrooms and 3 baths. A private yard and an extensive covered deck is perfect for entertaining or simply a quiet time of reflection enjoying the fabulous lake and mountain views. 1 gas fireplace and 1 wood fire place bring that extra warm and cozy feeling and help with those heating bills. Home also has underground irrigation, a storage shed & garden area with ample parking. Call LR to view. $569,900.

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Apartment For Sale in Penticton Main North, Penticton

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Complex has amazing amenities: outdoor pool & year-round hot tub,

•  1370 sqft , 2 bath , 2 bdrm apartment FOR SALE  CAD699,000 . Location, View, Quality finishings, Spacious
MLS® 178387

Location, View, Quality finishings, Spacious open concept. This is where I want to live when I grow up!! Check out this tastefully upgraded 1360 sqft 2 bed, 2 bath, 2 balcony condo. With South deck views all the way to Skaha and North deck views to Summerland plus gas hook ups and updated exterior tile flooring.. its pretty nice. Inside- the two bedrooms are located at opposing ends of the unit with the open concept kitchen (Granite and Stainless Steel) set up for entertaining complete with sitting bar area living room and dining room. The Master washroom has a soaker tub and a separate shower and double sinks-a little elbow room good for her and him respectfully. Flooring is quality hardwood in the main areas, tile in the washrooms and high end carpet in the bedrooms. Complex has amazing amenities: outdoor pool & year-round hot tub, conference rooms, wine storage, fitness centre. Assigned secure parking & a storage locker. Pets permitted within weight limit. Rentals OK 3-months+.

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Single Story For Sale in Penticton Main North, Penticton

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on a quite street with a 12' x 15'6'' deck.

•  787 sqft , 1 bath , 2 bdrm single story FOR SALE  CAD389,000 . Centrally and conveniently located
MLS® 178204

Attention First-time home buyers and Investors. The Best priced Single-Family home in Penticton. Small 2 bedroom 1 bath home on a large .13 acre lot. This house has an open kitchen living room area with laminate flooring and stainless steel appliances. Centrally and conveniently located on a quite street with a 12′ x 15’6” deck. Has been a revenue property for many years. Vacant and Lockbox on. Quick possession is possible. Plenty of room to add a shop off of the back alley. Buyer to verify measurements if important. See LR to view. $389,000

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Townhouse For Sale in Main Town, Summerland

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Enjoy the afternoon sun and the views of the hills

•  990 sqft , 2 bath , 2 bdrm townhouse FOR SALE  CAD259,900 . Level entry 2 bedroom townhome
MLS® 178236

Level entry 2 bedroom townhome at Quinpool Patio Homes. Enjoy the afternoon sun and the views of the hills from the covered West facing deck and gardens at the front. This home features a spacious living area open to the kitchen and dining area. The large master bedroom has a two piece ensuite and the second bedroom has a murphy bed. Plenty of storage in this home and a lot of natural light with the two skylights. A bonus is the partially unfinished basement which is perfect for the handyman plus additional storage space in the attached crawl space. This home also features a single carport. 55+, pet upon strata approval.

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2 Storey For Sale in Wiltse / Valley View, Penticton

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Located a short walk to the beaches and parks of Skaha Lake

•  1888 sqft , 3 bath , 3 bdrm 2 storey “Townhouse” FOR SALE  CAD469,000 . Spacious townhouse in Sage Bluff Estates
MLS® 176338

Spacious 3 bedroom, 3 bath townhouse in Sage Bluff Estates. Located a short walk to the beaches and parks of Skaha Lake, this home is also close to schools and shopping. The main floor is an open plan with wood and tile floors, a generous kitchen which has been professionally repainted with new hardware and new glass back splash. Sliding doors from the living room opens to a large covered deck and patio. The upper floor features a flex area and three large bedrooms including a master suite with South facing deck, walk-in closet and ensuite. This home features 9 foot ceilings throughout. Plenty of parking and storage in the double garage. All ages welcome. Pets limited to one cat or one dog with approval. See LR for a list of additional improvements.

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Single Story For Sale in Penticton Main North, Penticton

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short walk to downtown, weekly markets, summer festivities and Okanagan Beach.

•  960 sqft , 1 bath , 3 bdrm single story FOR SALE  CAD379,900 . Charming little house
MLS® 178310

Charming little house well suited to young families or empty nesters. 3 bed, 1 bath close to schools. A short walk to downtown, weekly markets, summer festivities and Okanagan Beach. Roof is less than 10 years old, tub surround is new and new windows are being installed by June 2019. The west facing deck is perfect for summer BBQ’s while Penticton Creek serenades you and your guests. All measurements approx. and should be verified by buyer if important.

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Single Story For Sale in Main South, Penticton

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Nothing in town at this price,

•  933 sqft , 1 bath , 2 bdrm single story FOR SALE  CAD139,900 . right across the tennis courts, park and beach
MLS® 178233

Can’t beat this, right across from the tennis courts, park and beach at Skaha Lake! Just walk across the street! 2 bedroom, 1 bath unit on the ground floor. These units make great rentals or perfectly affordable for the first time buyer or empty nesters. No age restrictions, rentals allowed and one small pet, shared laundry room. Nothing in town at this price, yes it needs a fresh look…make it yours today! Won’t last long at this great price. Measurements approximate, buyer to verify if important.

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Single Story For Sale in Main South, Penticton

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this home is central to amenities in Penticton.

•  1237 sqft , 2 bath , 2 bdrm single story FOR SALE  CAD319,900 . Immaculate condo in Brookfield Place.
MLS® 178351

Immaculate two bedroom, two bath condo in Brookfield Place. Located just a short walk to Cherry Lane mall and across the street from a park, this home is central to amenities in Penticton. Recently updated with flooring, baseboards, stainless appliances, washer and dry and newer paint throughout. This spacious home features a bright kitchen with eating bar open to the dining area. The large living room has sliding door to a massive North facing deck. Master bedroom offers plenty of space plus a 2 piece ensuite. There is one secured parking and a large storage locker located beside. 55+, no pets and no rentals.

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