Charlie Veaudry

Serving you with passion!

 

North Okanagan real estate continues to move along at a flatter pace this year after breaking records last year. February sales, like January are a little off. Although sales are flat or slightly down from last year, they are still higher than two years ago. Our inventory is still at record lows giving Buyers less to choose from and bringing multiple offers to Sellers. After seeing record sales in 2016, February sales in 2017 were about average with 59 single family homes sold compared to 70 last year, a drop of 16%. However, year over year sales continue to show that we are still in a strong Sellers market. The first 22 days of March shows a 13.5% increase over last year for the same timeframe.

 

Sales - Sales of single family residential homes for the 12 months ending February 2017 eased a little to 1,293 still a strong 30% increase over last year. It will be interesting to see what happens as we move further along into the 2017 spring market.

 

Inventory - The 12 month average monthly inventory of single family homes is still the lowest since 2007/8. The 12 month average monthly inventory dropped 147 units to 403 for the last 12 months ending in February 2017 compared to 553 for the same period in 2016. This is due to the the continued inflow of Buyers to our community which contributes to the lowest inventory we have seen in over 9 years.

 

Prices - Average median prices inched up again to $387,304 for the last 12 months ending in February 2017. Prices continue to be above the highest levels in the history of real estate in the North Okanagan Valley! Average median prices rose 8.6% for the 12 months ending in February 2017 over last year and are up 19% from 2012/3 when we saw the lowest average median price of the last 10 years. This is now 5.2% higher than the peak prices of 2008/09. New records for high real estate prices continue in our market. As long as there are more Buyers than there are homes for those Buyers, we will see upward pressure on prices.

 

Absorption Rate - The rate at which our inventory is being absorbed by Buyers continues steady. The average absorption rate of 25.75% over the 12 month period ending February 2017 is up almost double from the 14.73% for the same period last year. Also, at the end of February 2017, inventory dropped to 5 months supply of homes available on the market from 8 in January, which is low for winter months and has not been this low since 2007.

 

To repeat an important message from last month, some of our local mortgage brokers have now had experience with applications for the new interest-free loan program from the BC government helping first-time homebuyers struggling to save up a down payment. According to Jeremy Schaffner at Invis, potential clients who wish to participate, MUST apply online, and 1 of the 4 documents required is a PRE-APPROVAL letter from a mortgage broker or lender. You cannot write an offer without being approved first for the program. There are some pros and cons to this program so make sure you talk to your mortgage specialist as early as possible (first thing) when getting the process started. (Jeremy’s phone number is (250) 549-9549. You can call or text him.)

 

What is your next move? Let me help you!


If you have any questions about the market, please feel free to contact me at any time. You can go to my stats page at If you have any questions about the market, please feel free to contact me at any time. You can go to my stats page here to view the graphs and full detailed data.

Post CommentComments: 0Read Full Story

From the picture you might think that I am changing jobs, but no, I just wanted to draw your attention to a great story in the Vernon Morning Star about Community Futures in the North Okanagan helping dreams come true.

 

Meet Tom Maxwell and the story about his new veture as owner of Charlie's Grocery.

 

You can read the full story here. 

Post CommentComments: 0Read Full Story

Thanks to the Vernon Morning Star, you have a chance to win a night up at Silver Star. A great way to enjoy the spring skiing season! Details below:


With spring skiing just around the corner, why not enter to win a night’s accommodation (2 people) and a pair of MY1PASS lift tickets to SilverStar Mountain Resort. Must be used between March 15th and April 9, 2017.
How to enter:
1. Like our Facebook page
2. Like this post
3. For a bonus entry, like Silver Star's Facebook page
4 Share this post for a bonus entry
A random draw will take place on Feb. 22, 2016
#silverstar#vernonmorningstar

Post CommentComments: 0Read Full Story
 
As the summer ends and people get back from vacations and time away, even back to school for some, it's a great time to start a new activity or become more involved in the community. In case you are short on ideas of how to do this, I have put together a list of 10 great things happing in the Vernon area in September.
 
  1. Learn more about our local artists on September 14th: The Caetani Cultural Centre and the Allan Brooks Nature Centre are excited to present Fresh!AiR artist, Niharika Rajput. Niharika is a visual artist and a creative conservationist based in New Delhi, India. Take a trip up to Allan Brooks Nature Centre to see her 3D sculptures of birds. More info here. 
  2. This time of year is one of the best when it comes to what the local Farmers Markets have to offer. Make sure to get out and visit one of the many that take place in Vernon, Coldstream and Armstrong. It's a great way to enjoy the local harvest and support local growers!
  3. Every weekend in September, come and experience the flavours of fall. Davidson's Orchards offers the Apple Harvest Festival involving orchard tours, You-Pick apples, apple tasting and much more. Full details here. 
  4. If you are looking for an evening of laughs, check out Red Green's "I'm Not Old, I'm Ripe" show happening at the Performing Arts Center September 20th. From the handyman who insists that everything can be solved with duct tape comes a new North American Tour. Details here. 
  5. “Enjoy Eating? Thank A Farmer!” Farmer Appreciation Day is September 15th. Get out to celebrate and thank the farmers that bring us all the local produce we enjoy. Info on the event here. 
  6. On September 23rd, entertain yourself with The Rat Pack. Come and join Frank, Dean and Sammy as they take you on a ride through the golden era of music and songs direct from the Vegas strip! More info and were to get tickets here.
  7. The Okanagan is known for it's wine tasting opportunities, but if that's not your thing, make sure to check out the Scotch Tasting happening September 24th. Sons of Scotland presents A Scotch Tasting with Kildonnan Camp #166 and Whisky Ambassador Brian McQueenie of Ouidram Whisky. Full details can be found here.
  8. Bring your Brain to a unique event - Let's Get Quizical Trivia Night at Martin's Brew Pub. This fundraiser requires a team of 4 and provides a plate of nachos with the entry fee! September 28th. More info here.
  9. Indulge your creative side with Coffee and Canvas @ The Cracked Pot Coffee House. Enjoy 2 hours of socializing and creativity and come away with an acrylic painting done by you! Great for beginners or experienced. September 29th. More info here. 
  10. The very popular Dancing with the Vernon Stars even is back on September 30th! Enjoy a night of great dancing from professionals and enthusiastic novices - make sure to get your tickets soon
Post CommentComments: 0Read Full Story

Living in the Okanagan, or as some of us call it, Paradise, is fantastic. So wonderful in fact, that you may find yourself with more visitors over the summer months than you ever thought possible. It's a fabulous place to visit and for those of us who live here, it's not unusual to have back-to-back guests for those sunny summer months. 

 

If you find this is the case with you, you will want to make sure you have activities to do with them that show off the best of this beautiful piece of earth. In case you are short on ideas, here are 5 suggestions to get you out and enjoying all that the Okanagan has to offer.

 

1. Why not get out on that turquoise Kalamalka Lake and try something new: Stand Up Paddle Boarding or SUP is a fantastic way to enjoy the water while getting some exercise. Kalavida Surf Shop is located across from Kal Lake Beach and rents a variety of boards to get you started. 

 

2. After a long day on the lake, it's nice to sit in the shade and listen to some great music. Vernon offers Civic Sounds, a weekly Thursday night event where local musicians share their talent with the community. You can find out more details on the Hello BC website.

 

3. If you have friends or family visiting on August 14th, they may like to attend the 8th annual Feast of Fields where you can experience farm to table, local foods in gourmet fashion. It's a great way to impress your foodie visitors. You can find tickets on the Feast of Fields website.

 

4. If more music is what they're after, the Roots & Blues festival has the best. Held in Salmon Arm from August 19th to 21st, you can see and hear enough music to satisfy the most festive hearts. You can see the full lineup here.

 

5. Show off Vernon's charm by taking your guests on both the Vernon Mural Walking Tour to see the historical and contemporary art throughout the town and you don't want to miss the Vernon Ghost Tour to get a little spooked out while learning the history of Vernon and its surrounding homes.

 

Regardless of what your guests are interested in, there is something interesting for each group and I suspect you will find yourself enjoying being a tourist in your own town! And it goes without saying, if your visitors decided that they would like to make Vernon their home, I know someone who might be able to help them out with that...

Post CommentComments: 0Read Full Story

If you want to sell your home, now is the best time to do that. You will get top dollar and your home will sell quickly. 


There were more homes sold in the North Okanagan last month than have ever sold in one month in the history of our local real estate market! The Buyers keep pouring in and we are struggling to find homes for all of them. Sales of single family homes in June this year are up 75% over June last year and at 187 units is the highest monthly sales ever! Now, with just 3 months of inventory on the market, June average inventory has not been this low since 2008 when sales were last at peak levels. As this Sellers’ market gains even more strength we need to find more inventory for these hungry Buyers. Again, now is the time to sell. Do you know someone who is thinking of selling their home? If so, could you please have them call me?!

 

Sales - The total sales for the 12 months ending June 2016 was at 1,184, up 22.5% from the 975 for the 12 months ending June 2015. Year-to-date sales for 2016 remain strong with a 52.8% increase over last year. The 12 month average for 2016 continues to be the highest in the history of real estate in our area.

 

Inventory - The 12 month average monthly inventory of single family homes is now lower than last year and the lowest since 2008. The 12 month average monthly inventory dropped 16 units to 513 for the last 12 months ending in June 2016 compared to 539 for the same period in 2015. We will likely see further downward pressure on inventory as we continue to see strong sales in this market. The tightening inventory is pushing prices higher and creates a strong market for Sellers. As mentioned earlier, if you want to sell your home, now is a good time.

 

Prices - At $367,979, average median prices for the last 12 months ending in June 2016 are now at the highest level in the history of real estate in the North Okanagan Valley! Average median prices rose 5.6% for the 12 months ending in June 2015 just one year ago. Average median prices are up 12.9% from 2012/13 when we saw the lowest average median price of the last 9 years. This is slightly higher than the previously highest prices of 2007/08. With prices now surpassing those previous peak levels, it is a clear indication that Buyers are willing to pay more for their peaceful place in paradise.

 

Absorption Rate - The rate at which our inventory is being absorbed by sales continues to soar upwards. The average absorption rate of 19.26% over the 12 month period ending June 2016 is up from the 14.66% for the same period last year. However, looking at the absorption for the month of June 2016 only, we can see that it is more than double last June (almost triple!) and has not been this high for 11 years since June 2005. Also, at the end of June 2016, there were still only 3 months of available homes on the market. That is the lowest available inventory for June since 2007. Again, not to sound like a broken record... if you want to sell your home, now is the time!

 

In the news, we hear that the government is taking steps to try and cool the over-heated market in the lower mainland. I was in Vancouver this past weekend and everyone I talked to is talking about selling their homes there. It’s on everyone’s mind. There are Buyers in that market offering up the highest prices ever seen making it a good time for people nearing retirement to realize their dream of living in the Okanagan paradise. Many others are talking about relocating here and continuing to work from home. What is your next move? Let me help you!


If you have any questions about the market, please feel free to contact me at any time. You can go to my stats page here to view the graphs and full detailed data.
Post CommentComments: 0Read Full Story

If you have been doing any research regarding the best areas to live in Vernon, East Hill has probably come up. Directly east of Downtown Vernon, this neighbourhood offers a variety of different home styles, many parks, and it boarders the BX countryside. A great area of Vernon for families due to the many schools in the area. Having lived in East Hill for the majority of my 26 years in Vernon, I may be biased, but I would say the top 3 reasons to live here are:

 

1. Parks & Walking trails

 

East Hill is exactly that. A hill. Which makes it a great area for exercising, walking and enjoying all the neighbourhood has to offer. There are a variety of parks spread throughout the area, but the most popular destination is Black Rock Hill and the surrounding roads, often referred to as Black Rock Run. You get an excellent view from here of the surrounding farms and fields of BX at the base of Silver Star Mountain.

 

2. Downtown Adjacent

 

East Hill is an great place to live if you want to be outside of the downtown hub but still enjoy being close. With a variety of different styles of homes, it's a desirable place to buy and rent. Only a short drive from Okanagan College and an only slightly longer commute to UBC Okanagan, East Hill is central to transit routes and can be more accessible than Coldstream.

 

3. Rich in History & Culture

 

There are many iconic historical homes in East Hill. Caetani House and Cultural Center is the most well known. However, the Vernon Music School is housed in the 1908 Smith House and many of the rancher style homes were relocated from historical Army Barracks. And you can't miss the beautiful Campbell Home at the top of Suicide Hill.

 

Regardless of your area of interest, East Hill is a great place to live in order to immerse yourself in the community of Vernon. Accessible, with historical and cultural aspects, it's one of the more desirable places to live in Vernon and a great place to call home!

Post CommentComments: 0Read Full Story

More BIG news this month as average median prices have surpassed peak levels of 2008 and have now reached the highest ever in the history of real estate in the North Okanagan Valley. Again, we ask... where will they go from here and how fast? Sales of single family homes in April this year are up 39% over April last year and continues to outperform April sales since 2005! Now, with just 4 months of inventory on the market, April inventory has not been this low since 2007 when we experienced our strongest real estate market in history. As this Sellers’ market gains more momentum we need to find more inventory for these hungry Buyers. If you want to sell your home, now is the best time ever.

 

Sales - The total sales for the 12 months ending April 2016 was at 1,068, up 6% from the 1,007 for the 12 months ending April 2015. Year-to-date sales for 2016 remain strong with a 54% increase over last year. The 12 month average for 2016 has now outpaced 2007/08 and is closing in on 2006/07 sales volume.

 

Inventory - The 12 month average monthly inventory of single family homes is still slightly higher than last year, something that the strengthening sales will eliminate fairly soon. The 12 month average monthly inventory rose 1.5% to 541 for the last 12 months ending in April 2016 compared to 533 for the same period in 2015. Again, we will likely see that reverse as we continue to see strong sales in this spring market. The tightening inventory is pushing us further towards higher prices and a strong market for Sellers. As mentioned earlier, if you want to sell your home, now is a good time.

 

Prices - Here is the BIG news this month!! Prices have surpassed the peak levels of 2007/08! At $364,813, average median prices for the last 12 months ending in April 2016 are now at the highest level in the history of real estate in the North Okanagan Valley! Average median prices rose 5.2% from 12 months ending in April 2015 just one year ago. Average median prices are up 11.8% from 2012/13 the lowest average median price of the last 9 years. This is 1.2% higher than the previously highest prices of 2007/08. With prices now surpassing those previous peak levels, where will they go from here and how fast? If you are a Buyer sitting and waiting on the sidelines, it will cost you more to continue waiting. 

 

Absorption Rate - The rate at which our inventory is being absorbed by sales continues on an upward trend. The average absorption rate of 16.38% over the 12 month period ending April 2016 is up from the 15.22% for the same period last year. However, looking the absorption for the month of April 2016 only, we can see that it is almost double last April and has not been this high for 10 years since April 2006. Also, at the end of April 2016, there were only 4 months of available homes on the market, down one from last month. That is the lowest April inventory since 2007. Not to sound like a broken record... if you want to sell your home, now is the time!

 

The spring market continues on a high note. With the indicators of higher sales, lower inventory AND higher prices, it is looking like 2016 is already a good year for Sellers in the North Okanagan real estate market. Buyers will have to be sharp and ready to move or risk losing out to the ever increasing number of new Buyers entering our market. And the longer Buyers wait in this market, the more they will pay for their home. That is just how the market principle of supply and demand works and there is nothing anyone can do about it. It just is.


If you have any questions about the market, please feel free to contact me at any time. You can go to my stats page here to view the graphs and full detailed data.
Post CommentComments: 0Read Full Story
  1. Stock up on your summer reading at the 24th annual booksale at the Armstrong Spallumcheen Museum and Art Gallery at 3415 Pleasant Valley Road, Armstrong. On now until April 17th. 9AM to 6PM (4PM on Sunday).
  2. On Saturday, April 16th at 9:00 am, join the North Okanagan Naturalists’ Club for a Nature Walk around Birdie Lake at Predator Ridge. This is a great way to get out and enjoy nature with some fellow enthusiasts. Spring brings all sorts of wonderful flora and fauna to the area. Meet in the first parking lot after turning right off Predator Ridge Drive onto Village Centre Place. Optional coffee stop after.
  3. A true Okanagan highlight is to take the drive to Enderby and Lorenzo's Cafeto enjoy a night out, a great meal and excellent music. Blackberry Wood is travelling with their own live Circus Side Show and the jazz-gypsy-circus music will have your feet stomping and your toes wiggling. (It's said that hte Circus Side Show includes fire breathing!) Friday, April 22, $10 cover.
  4. Have you ever wanted to know more about the stars? Or perhaps how to take better pictures of them? If so, join the Vernon branch of the Royal Astronomical Society of Canada for their meeting on Wednesday, April 27th at 6:30pm for a visit from the National President James Edgar and a presentation by Shawn Berglund on AstrophotographyThe meeting will be in the Heritage Hall on the corner next to the Okanagan Science Centre on the east side of Polson Park just off Highway 6. 
  5. On April 30th and May 1st, head on down to the lake for the Annual VYC Boat Show at the Vernon Yacht Club. It's a Free Public Event with fun for the entire family! There will marine demos, boating accessories and hardware, Sailboat trips, face-painting and lots of activities for kids. The fastest boat in Canada, the McLellan F1 will be on display and vsitors have a chance at Raffles and Door Prizes from our many vendors. Please bring a non-perishable Food Item for the Salvation Army Food Bank, your contribution is a huge help to this great organization every year!
Post CommentComments: 0Read Full Story

Another month of rising sales and tightening inventory shows us that 2016 continues to move us towards our strongest early spring market since 2008. Sales of single family homes in February this year are up 80% over February last year and continues to outperform sales since 2008! Now with just 6 months of inventory on the market, February’s inventory was even tighter than January’s inventory when we should be expecting more listings as we move towards the spring market. An early look at March shows that month-to-date sales are doubled over last year providing further evidence that the North Okanagan real estate market is ready to shine. This is further evidence that we can anticipate a Seller’s market in 2016.

 

Sales - The total sales for the 12 months ending February 2016 was at 991, down only 2.8% from the 1,020 for the 12 months ending February 2015. However, we see that year-to-date sales for 2016 are trending up with a 60% increase over last year. The 12 month average for 2016 will likely outpace last year within the next month or two.

 

Inventory - The 12 month average monthly inventory of single family homes rose again for the third time in 5 years, a lagging response to previous slowing sales. The 12 month average monthly inventory rose 3% to 553 for the last 12 months ending in February 2016 compared to 537 for the same period in 2015. Again, we will likely see that reverse as we continue to see strong sales in this spring market as tightening inventory pushes us further towards a strong market for Sellers.

 

Prices - Prices continue to edge up as we see continued upward pressure on average median prices. At $356,617, average median prices for the last 12 months ending in February 2016 rose 3.3% from 12 months ending in February 2015 and was up 9.3% from 2012/13 when we reached the lowest average median price of the last 9 years. With price being one of the last indicators affected by changes in sales and inventory, it will be interesting to watch what happens to prices if sales continue to climb in 2016. We could be back to the peak prices we saw in 2008. Right now we are only 2% off of those peak prices.

 

Absorption Rate - The rate at which our inventory is being absorbed by sales continues lower over the short term. The average absorption rate of 14.73% over the 12 month period ending February 2016 dropped below last year’s figure of 15.36% for the sixth time in a row. However, looking at February 2016 absorption we can see that it is double last February. Also, at the end of February 2016, with only 6 months of available homes on the market, down one from last month, further indicates our move towards a Seller’s market. 

 

The early spring market continues on a high note. With the indicators of higher sales, lower inventory AND higher prices, it is looking like 2016 is shaping up as a good year for Sellers in the North Okanagan real estate market.

 

For Buyers and Sellers it still remains important to look carefully at comparable sales of similar homes in areas similar to where your home is located. That is our only valid indicator of home values in any market. 

 

If you have any questions about the market, please feel free to contact me at any time. You can go to my stats page here to view the graphs and full detailed data.

Post CommentComments: 0Read Full Story

The Okanagan Valley is known for it's long, hot, sunny summers, and the spring is a reminder that these days are coming once again! Spring is also an excellent time to visit the Okanagan. If you have friends and family who like to spend some time here, or if you are thinking of buying a home in the Okanagan sometime in the future, come and check out some of the great activities going on this time of year. 

 

The end of March offers a few exciting activities, with April bringing all sorts of things exciting events, celebrations and a activites. These are just a sample!

 

1) Start your garden off with a visit to Vernon Seedy Saturday on March 12th where you can get locally grown heirloom seeds, starter plants and garden supplies. It's also a great way to meet and network with other garden enthusiasts.

 

2) Celebrate St Patrick's Day on March 17th at the Vernon Craft Distilery with 3 green tipples! More info here.

 

3) Enjoy your Easter weekend by taking in the amazing Okanagan lake views with a ride on the Kettle Valley Steam Train on March 26th.

 

4) The outdoor Vernon Farmer's Market starts up again in April, so make sure to check it out and stock up on all the spring produce and local fare of the sunny Okangan.

 

5) The Okanagan Symphony Orchestra presents The Four Seasons being performed April 8th, 9th and 10th throughout the Okanagan. 

 

6) Featuring Liala Biali, the BC Interior Jazz Festival is April 14th to 16th. An excellent weekend that you don't want to miss.

 

7) Take a trip down to Kelowna for the Jekyll & Hyde the Musical at Kelowna's Favourite Theatre Company between April 6th and 23rd. 

 

This is just a few ideas of how to make the most of the Okanagan at this time of year. But don't forget the best option: get out and enjoy the fresh air and spring flowers at one of your favourite parks! 

 

Post CommentComments: 0Read Full Story


I can't think of a better way to spend a cold February than participating in the 56th annual Vernon Winter Carnival! The first carnival as we know it was in February of 1961, but winter carnival celebrations go back as far as 1893 in the Okanagan when Kal Lake was known as Long Lake. Jopo and Jopette first appeared in 1965, and the carnival buttons have been circulated every year since 1960. Do you know anyone with the whole collection? Check out this great story in last Friday's Vernon Morning Star. 

 

Hopefully you saw the hot air balloon event and attended the parade, but did you know that you can participate in this historical community event until February 14th? What better way to spend Valentine's Day than at a Argentine Tango dance class with Ruth McGrath, or a Toonie & a Tin Skate?

 

Leading up to the weekend, Wednesday the 10th, you can participate in a mysterious Theatre Dinner, or a Folk Music Variety Show put on by the Vernon Folk-Roots Music Society where you can hear me in my bluegrass band, Canadian Whitewater.

 

Thursday, February 11th, has lots going on. From a Fancy Nancy Tea Party for the kids to a Candlelight Dinner at Soverign Lakes, or just for the ladies, meet downtown for food, drink and shopping with Unwined Downtown.

 

If you missed the Theatre Dinner on Wednesday, it's being offered again on Friday (or if you just had so much fun that you want to go again) or maybe you are feeling like you want to be up on Silver Star for the Over the Hill Downhill race! If being out late with friends is on the adgenda, Try the Mardi Party at Elk's Hall.

 

The O'Keefe Family Treasurehunt is something for the whole family on Saturday, or you can travel back even further in time to join the Medieval Carneval to taste some mead and have your fortune told! Or if you want to get your toes tapping, check out the 7th Annual Winter Carnival Blues Festival. 

 

Most of the above links will offer details of the events as well as how to purchase tickets. If you are looking for general information about the carnival, check their website here. Most of all, have fun, but also make sure you aren't caught without a pin and thrown in jail! 

Post CommentComments: 0Read Full Story

Wow! We have to look all the way back to 2007 to see a January like we just had. Sales of single family homes in January this year are up 58% over January last year and have not been this high in 9 years! With just 7 months of inventory on the market, we have not seen January inventory this low since 8 years ago in 2008. An early look at February shows that month-to-date sales are up 40% over last year! Is this the year for the North Okanagan real estate market to really shine? These early indicators could be telling us to watch for a Seller’s market in 2016.

 

Sales - The total sales for the 12 months ending January 2016 was at 960, down 5% from the 1,013 for the 12 months ending January 2015. With the BC economy continuing to lead the country, our North Okanagan region may be poised for some stable recovery if January sales for this year are any leading indicator.

 

Inventory - The average monthly inventory of single family homes rose again for the second time in 5 years, a response to slowing sales. The average monthly inventory rose 2% to 555 for the last 12 months ending in January 2016 compared to 543 for the same period in 2015. Again, that can all change quickly if the trend set by January sales gathers steam.

 

Prices - Despite slower sales and rising inventory, prices continue to edge up and we are seeing continued upward pressure on average median prices. At $355,339, average median prices for the last 12 months ending in January 2016 rose 3.5% from 12 months ending in January 2015 and was up 8.7% from 2012 when we reached the lowest average median price of the last 9 years. With price being one of the last indicators affected by changes in sales and inventory, it will be interesting to watch what happens to prices if sales continue to climb in 2016.

 

Absorption Rate - The rate at which our inventory is being absorbed by sales continues to fall over the short term. The average absorption rate of 14.10% over the 12 month period ending January 2016 dropped below last year’s figure of 15.17% for the fifth time this year. However, it was higher than last months 12 month average of 13.73%, another encouraging sign. Also, at the end of January 2016, the inventory dropped to where there are now only 7 months of available homes on the market, down 3 from last month. This is still considered a balanced market but moving towards a Seller’s market.

 

It seems that we are starting the year pretty much on a high note. With the indicators of higher sales, lower inventory AND higher prices, it is looking like 2016 could be a better year for the North Okanagan real estate market.

 

For Buyers and Sellers it remains important to look carefully at comparable sales of similar homes in areas similar to where your home is located. That is our only valid indicator of home values in this contradicting market. 2016 will be an interesting year to watch and I will keep you posted as it unfolds.

 

If you have any questions about the market, please feel free to contact me at any time. You can go to my stats page here to view the graphs and full detailed data.

Post CommentComments: 0Read Full Story
 
Do you know a grade 12 student who demonstrates leadership, motivation and communciation skills? Perhaps someone who likes to volunteer and contributes to the lives of others and their community?
 
I am very happy to share that RE/MAX of Western Canada has renewed the Quest for Excellence bursary program. This year they are once again offering (16) $1,000 bursaries for a total of $16,000 to 16 different grade 12 students.
 
This program was established by RE/MAX of Western Canada to recognize the success and ongoing pursuits of Western Canadian students in regards to leadership and community contribution initiatives. 
 
The 2016 Quest for Excellence program is open for submissions from September 14, 2015 until midnight March 14, 2016. Only online entries will be accepted.
 
In order to enter, students are to convey the contributions they have made to their communities in a short online essay, maximum 1,250 words. Key qualities students should demonstrate are leadership, motivation and communication skills.  Other attributes may include volunteering, participation in charitable events or fundraising, and contributions that enrich the lives of others and their communities.

Further information and the online submission form can be found on the RE/MAX website, as well as last years winners.
Post CommentComments: 0Read Full Story

It's easy to love the long, hot summers of the Okanagan, and the spring and fall are filled with lots to do and see as well. But what happens when the winter months come and the cloud cover lowers and you aren't heading south for a few weeks? What are some things to do in these dreary months that still make you feel like you live in paradise?

 

You are in luck! There is still lots to do - one of the great things about small, social communities - and I have put together a short list to get you started. Here are 5 things to keep the winter months fun and full of warmth:

 

1. Get above the clouds for a ski or snowshoe

If the cloud cover in Vernon gets a bit much for you, there is a good chance that the 20 minute drive up Silver Star Mountain will get you above the clouds to soak in some rays - just don't forget your shades and sunscreen! Visit either the famous Silver Star Mountain for a great day of downhill, or if that's not your thing, cross-country skiing is a great way for a workout and to to enjoy the fresh air, or try out snoeshoes! Sovereign Lakes Nordic Center has great trails, rentals are inexpensive, and if you want to be up there even more, why not try volunteering?

 

2. Take in an Event at the Vernon & District Performing Arts Centre

If the snow is not your thing, you could check out one of the many events at the Performing Arts Centre. They have all sorts of local and touring performers and events and it's a great way to bring some warmth and laughter to your winter days. 

 

3. Indoor Venron Farmers Market

If you have been missing your weekly trip to the farmers market, I have good news! For each Sunday in January and Febuary, you can visit the Indoor Vernon Farmers Market 12 - 4. Less fresh produce perhaps, but a great spot to pick up local offerings.


4. Get excited for the Vernon Winter Carnival in February!

February 5th is the first day of the Vernon Winter Carnival and you won't be bored after that! They have events happening almost daily, comencing with the Hot Air Balloon event (make sure to keep your eye open for the RE/MAX balloon!), including the parade on the 6th of Feb, and ending with a Community Skate on Valentine's Day. It's a historical community event for Vernon and you don't want to miss out!

 

5. Vernon Community Events

The Morning Star always has a wide variety of community events advertised in the Community Events section, so if you are looking to start a new hobby, join a club or attend an information event, there is always a lot going on. They will also announce events happening at some of the top spots in Vernon including the Vernon Jazz Club, Powerhouse Theatre, The Venron Art Gallery and many more.

Post CommentComments: 0Read Full Story

There were calls for a Canadian housing market correction last year, but in 2015 they reached a fever pitch.

That was among the major stories — others included foreign investment, Bank of Canada interest rate adjustments, and the dominance of the Vancouver and Toronto markets — that shaped real estate conversation in Canada over the past 12 months.

 

Scroll through the interactive timeline to see the defining moments of 2015 for Canadian real estate.

 

If you are more interested in what has happened in the Vernon and area market over the last year, you can find all of these reports on my website. Click here for the most recent update, or as always, if you want to chat about your home or the market, please don't hesitate to contact me!

 

Post CommentComments: 0Read Full Story

The below article from The Morning Star posted back on December 8 is an interesting addition to a previous blog post I shared about the tech industry in the Okanagan. As more and more investment into the tech industry takes place, the impact will be felt in a positive way in Kelowna, Vernon and interior. People utilize the opportunity to work remote as the cost of living in the interior is much lower than the lower mainland, and then hopefully more investment in infrastructure and on-site jobs. It's great to see more jobs available in the Okanagan so more people can live here and enjoy the valley!

 

$100 million tech fund for B.C. 'Dragon's Den'

 

Mobify CEO Igor Faletsky gives B.C. technology minister Amrik Virk a tour of his mobile marketing company
Mobify CEO Igor Faletsky gives B.C. technology minister Amrik Virk a tour of his mobile marketing company's Vancouver office.
— Image Credit: B.C. Government
 
The B.C. government is putting up $100 million for a real-life version of the TV show Dragon's Den, providing seed money to entrepreneurs who convince experts their new technology ideas will grow.
 

Premier Christy Clark announced the new fund Tuesday at the Vancouver offices of Mobify, a marketing company for retailers to advertise on mobile devices. The next step in a the government's technology strategy is to invite proposals for a venture capital company to administer the fund.

 

"We don't want to be influencing that, except that we want them to be in British Columbia, and we want the fund manager to have a managing partner based in B.C.," she said.

 

Clark said high technology is performing better than other parts of the economy, and now directly employs 86,000 people who make higher wages than the industrial average. The taxpayer investment is to give startups the recognition they need to attract private venture capital.

 

Clark said banks look to invest in "guaranteed bets," but technology companies are higher risk with higher rewards for those that succeed.

 

NDP technology critic George Heyman said the industry has been lobbying the province for this kind of assistance, and he supports it if the money is delivered in a transparent way and results are tracked.

 

A previous effort aimed at immigrant investors, the B.C. Renaissance Capital Fund, was criticized for a lack of both. In one case it provided money to a San Francisco company that opened an office in Calgary but not B.C.

 

"The taxpayer subsidizes all sorts of things that relate to job creation," Heyman said. "In the case of the tech sector, these are the jobs of the 21st Century. B.C. has a sector that's performing well but could perform a lot better, and it needs investment to do that."

 

B.C. also offers $33 million in tax credits to "angel investors" who put up money to develop a business that has attracted seed money.

 

 

 

Post CommentComments: 0Read Full Story

I love living in Vernon, BC year round, but there is something to be said for heading south to enjoy the warmth and sun in the winter months. Many people buy real estate in the Okanagan because it has one of the best climates in Cananda. But just in case you are craving a little extra sun, and plan to leave your home during the holidays, here are some things to remember to do before you leave. Follow these tips to keep your home safe and save a few bucks on bills while you’re gone.


1. Put mail on hold

An overstuffed mailbox or a pile of newspapers at the bottom of your driveway can be an invitation to thieves. Not only is it a sign that no one’s home, identity thieves can find all sorts of goodies while sorting through unattended mail. Go to canadapost.ca to have the Postal Service hold your mail, and also check on your options for holding newspaper delivery.

2. Put lights on a timer
It makes it appear that someone is home. If you can, switch your exterior lights to the “motion-activated” setting.

3. Check batteries
Make sure the batteries are fresh in your smoke alarms and that they function.

4. Remove valuables
Hiding your jewelry is always an option, but when you’re gone for several days, thieves have more time to hunt through the house. If you can, place jewelry and important documents in a safety deposit box or home safe.

5. Grab your spare key
Bring inside any keys that are hidden outside. You can give one to a neighbor along with your contact information where you'll be, just in case there's an emergency.

6. Unplug
Your electronics will still suck energy while you’re gone. Unplug the biggies, like your TV and computer.

7. Don't advertise your trip online
At least until you return, when it’s safe to make your Facebook friends jealous with photos from your holiday beach vacation. Don’t post the dates when you’re leaving your house vacant.

8. Switch your water heater to “vacation” mode
It won’t turn off completely, but it will still save energy.

9. Lower your thermostat
Keep it warm enough to prevent the pipes – and the goldfish – from freezing. Your energy company can recommend a temperature that’s appropriate for your climate.

10. Deodorize the sink
To avoid returning to a kitchen disposal that belches up the stench of your pre-vacation dinner, run it with a half-cup of vinegar, or lemon peels and ice cubes, before you leave. To keep things smelling fresh, it’s also a good idea to throw out any food that will go bad while you’re gone and make sure to take out any trash.

11.  Bleach the bowl
Dump half a cup of chlorine bleach into your toilet bowl to prevent mineral stains from developing. 

12. Think about hiring a house sitter. Sometimes you can convince out-of-town friends to trade homes or to borrow your house while you are gone (many people would love to spend a few weeks close to Silver Star Mountain!). And there are also people who will pay a small fee to live in your home while you are away. If it's for more than a few weeks, it's not a bad idea to have someone in your house.  Regardless, remember to have fun & happy holidays! 
Post CommentComments: 0Read Full Story

Books About Moving to Read to Your Kids

Moving to a new home, a new neighborhood and a new school can be tough for kids. Luckily, a variety of children’s books are out there to help parents explain things, add some fun and hopefully alleviate fears. Do you know any families who are moving? With the consistency of Real Estate in Vernon and the Okanagan, chances are good!

 

Perhaps a good Christmas gift for a kid you know! Here are a few classics – and you can post your favorite children's book titles about moving in the comments section below:


1. “Alexander, Who's Not (Do You Hear Me? I Mean It!) Going to Move” by Judith Viorst
Atheneum Books for Young Readers, 1995
Poor Alexander. First, the kid had a Terrible, Horrible, No Good, Very Bad Day. Now, his family is moving! Just like your kids, Alexander has to say goodbye to some special places and people, but with the help of his parents he learns to make the most of the situation.


2. “The Berenstain Bears’ Moving Day” by Stan and Jan Berenstain
Random House Books for Young Readers, 1981
Little Brother Bear’s pretty worried about moving, and more than a little scared. Kids can relate to his apprehension, and hopefully his positive change of view as moving day gets closer.


3. “A House for Hermit Crab” by Eric Carle
Aladdin Paperbacks, 1987
A little hermit crab has outgrown his shell and needs to find a bigger one – and new friends to help decorate it. This book will reassure kids that it will be easy to make new friends in their new town.


4. “Tigger’s Moving Day” by Kathleen W. Zoehfeld
Disney, 1999
Tigger needs a place with more bouncing room! His friends aren’t as close to his new house, but they still come and visit. A story to help kids understand they’ll still be able to hold on to old connections.


5. “Goodbye House” by Frank Asch
Moonbear Books, 1989
This book is a terrific way to talk about moving with preschoolers. After the moving van is packed, a little bear returns to say farewell to his old house, saying goodbye to everything, except, of course, the memories.

 

Other favorites include: “Big Dan’s Moving Van,” by Leslie McGuire, “Neville,” by Norton Juster, “The Moving House” by Mark Siegel, “I’m Not Moving, Mama” by Nancy White Carlstrom, and “The Leaving Morning,” by Angela Johnston.

 

Original article here

 
Post CommentComments: 0Read Full Story

How to get involved in Vernon & Area this Holiday Season

This time of year inspires many of us to think about our neighbours and community. 

 

I recently participated in the Realtor's Food Drive for the Salvation Army Food Bank and we are getting ready to give our annual contribution to the Vernon Family Resource Centre. These opportunities are always enjoyable for me, and it made me wonder what other initiatives are taking place in our community this season. What I found filled me with great cheer!

 

The Vernon Morning Star website currently has many articles that offer ideas on different organizations in Vernon and surrounding areas that cover all areas and communities. If you are looking for ways to give this holiday, (or any time of the year!) why not check out some of these local initiatives:

 

1. Armstrong Spallumcheen Refugee Project

This project is here to help with the current needs of refugees arriving from Syria.


2. Venture Training

Venture Training is an organization that provides services and programs for people with developmental disabilities.

 

3. The Teen Junction

One of the more established organizations in our community, the Teen Junction supports at risk youth.


4. Any of the organizations of the JCI Alternative Gift Fair

This whole fair is an excellent idea! Give a "gift certificate" to a charity of your choice.


5. Fulton School Food Drive

This is something you can act on right away! They are collecting donations tomorrow afternoon.


6. Christmas Miracle at Anderson Village

If you don't have a chance to bring food donations to Fulton, the business on Anderson Way are collecting for the same cause.

 

7. Upper Room Mission

The Upper Room Mission is a corner stone in our community and is always a great place to offer your support.


All of these projects are worthy causes where even a little can go a long way. Also, giving a donation in the name of someone else is a great way to include others in these amazing community initiatives. 


Post CommentComments: 0Read Full Story

Finding your dream home is just a click away, start your search!  Search Now

contact me anytime

Office Location:

5603 27th Street Vernon BC V1T 8Z5 CA

Charlie Veaudry

I make myself available at all times. My web site is here to help you 24 hours a day. You can search listings at your own convenience, browse reports, and read up on real estate info on your own terms. When you are ready to see a listing in person, or just have a simple question, please dont hesitate to contact me!

 

When you make the important decision to buy or sell a home, I am committed to going the extra mile to ensure that all of your needs are successfully met in a professional and honest manner.

Contact Form
*indicates required fields.
Your Email:*
Your Name:*
Your Telephone:
Subject:
Message:*
Please type the text as it appears above:
The trademarks MLS®, REALTOR®, and the associated logos are owned or controlled by The Canadian Real Estate Association. Used under license.