Land For Sale in Okanagan Falls

Photo Link
Located just off Eastside Road

•  lot / land – FOR SALE  CAD199,000 . Prime half acre building
MLS® 177856

Prime half acre building lot on a quite no thru cul-de-sac in Okanagan Falls. Located just off Eastside Road you are just a short drive North to Penticton or South to Oliver and Osoyoos. There is no timeline to build or building scheme to follow. The lot has water and sewer to the property line. Overlooking the town & on the upper terraces has views of Skaha Lake. Lot backs on to ALR so plenty of privacy. This is the first time offered for sale. Lot is zoned RS1 and Buyers should consult with the RDOS about the local zoning bylaws for building guidelines and restrictions.

Click here for: Property information

Real Estate Sector Submits Anti-Money Laundering Recommendations To Government

Real Estate Sector Anti-Money Laundering Statement

As a group of real estate organizations representing industry professionals, we are committed to a transparent real estate market and to ensuring that the public can continue to have full confidence in the real estate industry. Illegal funds have no place in BC’s real estate market. We are supportive of the government’s investigations into money laundering and real estate, having actively participated in Peter German’s review and the Expert Panel on Money Laundering.

As an industry, we have come together to commit to shared best practices and make recommendations to government. By aligning as an industry and working in collaboration with government, we can help facilitate an environment in which consumers are well-served and industry professionals can thrive.

Anti-money laundering recommendations
Our collaboration has resulted in a commitment from the undersigned organizations to pursue the following shared best practices and recommendations for government:

  1. Accept only verified funds – For sectors of real estate that are not already required to do so, we recommend that they accept funds only in forms that are verifiable through Canadian financial institutions.
  2. Mandatory anti-money laundering education – We recommend the introduction of mandatory anti-money laundering education for all real estate professionals subject to the reporting requirements administered by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) to ensure that those professionals are trained in recognizing and reporting suspicious transactions. FINTRAC should work with sector organizations, regulators and the provincial government to improve existing resources so that they better reflect real-world situations and improve compliance.
  3. Smart regulation – We recommend that the federal government amend the Proceeds of Crime (Money Laundering) and Terrorist Financing Act to allow FINTRAC intelligence to be made available to additional regulatory authorities, including the BC Securities Commission and the Financial Institutions Commission (FICOM). Optimally, the federal and provincial governments, as well as their respective agencies, should coordinate their actions, share information, such as the provincial assignment registry, and create a comprehensive, efficient enforcement regime.
  4. Ongoing engagement – We recommend governments and regulatory agencies, including FINTRAC, better utilize on-the-ground experience of real estate professionals to develop compliance resources and test policy ideas. This will result in well-crafted, practical regulation and foster a culture of compliance to protect consumers and the economy.
  5. Timely and transparent reporting – We recommend that FINTRAC implement a framework to identify and report trends on a regular basis and in language that is consistent and understandable to professionals, the public and media. This reporting system should also include consistency in examinations with immediate feedback designed to help industry professionals improve their compliance systems.

Property For Sale in Summerland Rural, Summerland

Photo Link
Well maintained 3 bedroom, 2 bath Country Rancher

•  1998 sqft , 2 bath , 3 bdrm single story – FOR SALE  CAD849,000 . Summerland rural property, 27.25 acres
MLS® 177802

Summerland rural property, 27.25 acres. Well maintained 3 bedroom, 2 bath Country Rancher is almost 2000 square feet. Open concept living, hardwood flooring, spacious laundry room, large master with 4 pc ensuite. The home is heated by a wood burning fireplace inside, as well as a wood burning central boiler furnace outside. Your bills will never be cheaper! Custom cabinets and granite counter tops. Double carport, detached garage/workshop, loads of storage, all nestled on a very private lot. Great horse property.

Click here for: Property information

Property For Sale in Rural, Summerland

Photo Link
Panoramic views of Okanagan orchards and mountains!

•  3150 sqft , 3 bath , 4 bdrm single story – FOR SALE  CAD949,900 . Sunny Summerland Rural property MLS® 177729

Sunny Summerland Rural property. Panoramic views of Okanagan orchards and mountains! Stunning home on .68 acre, offers 4 bedrooms, 3 baths, dream updated kitchen with center island and breakfast nook! Loft-style office. Huge 24×25 master suite offers large 5 piece ensuite, walk-in closet, study and its own private deck. Gorgeous outdoor areas with sheltered patios, amazing outdoor kitchen and outdoor gas fireplace, solid deck with hot tub. 18×24 garage/workshop plus double carport, storage shed, beautiful grounds. New heat pump in 2016. One of a kind home, extensive wood finishings, quiet rural area close to golf, wineries and KVR trails.

Click here for: Property information