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🧳 Why Do You Think Tourism Is Down In The Okanagan? 🕶️
Tourism has been down in the Okanagan this summer compared to years in the past.
There's a lot of speculation going around Kelowna as to why this might be happening. Airbnb rules, a cool June, smoke, wildfires, the economy, shaky consumer confidence, or all of the above.
It's hard to say what the reason is, what do you think?
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🏦 80% Pre-Sold to Access Funding?! 🏦
Banks require a certain amount of units to be pre-sold for de-risking the project before they will fund the first construction draw.
The required amount to be sold before banks will provide funding has gone from 30% to 75-80% for every client, even the big guys!
If you see a pre-sale going up, and think you're going to snag a unit when they are done, you likely wont. By the time the hole has been dug, 75-80% have already been …
Episode 75: Matt and Taylor are joined by Jamie Squires. Jamie is the President and Managing Broker at Fifth Avenue Real Estate Marketing from Surrey, BC, who's a new home development specialist with over 20 years experience. Her expertise lies in helping shape communities through thoughtful design decisions, including unit mixes, building placement, and floor plan layouts. Fifth Avenue Real Estate Marketing's portfolio boasts over $10 billion in sales, accumulating over 200+ local…
Episode 65: Matt and Taylor are joined by Scott Beaton, CPA, CFA. Scott is a Partner at Beaton Rettich Waters from Kelowna, BC, an advisory firm that specializes in helping organizations tackle transformative change. His team supports growth initiatives, software implementations and process improvements - all based in an understanding of human behaviour in complex systems. Scott connects economic and market factors with operational realities and financial implications to keep projects focuse…
🇨🇦 Is Canada's Capital Gains Tax Just a Smokescreen? 💨
The capital gains tax increase isn’t legislated yet.
What’s the chance the Liberal government says “we’re not going to pursue this motion anymore”?
This week on the Kelowna Real Estate podcast, we're joined by Mike Sidhu, CFP, CLU, FMA, RCIS, and IBC Practitioner.
Mike is a Financial & Tax Planning Strategist and the President of 360° Wealth Strategies & Solutions from British Columbia, w…
Episode 66: Matt and Taylor are joined by Loyal Wooldridge. Loyal is a City Councillor for the City of Kelowna from Kelowna, BC, who is also running in the BC provincial election coming up this fall as an NDP Candidate. As a current member and former of the Regional District of Central Okanagan and Okanagan, during the Grouse Complex Fires in 2023, Loyal played a pivotal role leading all communications and securing vital disaster relief funding. After Founding his own small business, Loyal H…
Full Episode Here: https://youtu.be/VRRR5S8pGMs
Episode 74: Matt and Taylor are joined by Mike Sidhu, CFP, CLU, FMA, RCIS, and IBC Practitioner. Mike is a Financial & Tax Planning Strategist and the President of 360° Wealth Strategies & Solutions from British Columbia, who's practice is dedicated to enhancing clients' financial literacy and empowering them towards financial sovereignty, emphasizing critical thinking in wealth management. With nearly three decades in…
🏦 Do Banks Have to Be Transparent? 🫣
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#podcast #mortgages #mortgagebroker #realtor #realestate #Kelowna
🤝 BC Has the Resources to Solve Our Housing Crisis 🏠
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#podcast #mortgages #mortgagebroker #realtor #realestate #Kelowna
🇨🇦 Canadian Interest Rates Finally Coming Down!! 📉
On June 5th, 2024, we had the first overnight rate cut in over 4 years! It's only 0.25% and we need more, but it's the start in the right direction.
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#podcast #mortgages #mortgagebroker #realtor #realestate #Kelowna
🇨🇦 Do You Know How Much Canada's Debt Actually Is? 🤯
Canada's debt is likely a lot higher than you think.
When the country's debt is being reported, it is the net worth, not the actual debt. The actual debt is about TWO TIMES the amount that we are being told.
Mike tells us the amount of debt we are actually in.
Are you concerned about the debt in Canada?
This week on the Kelowna Real Estate podcast, we're joined by Mike Sidhu, CFP…
Episode 74: Matt and Taylor are joined by Mike Sidhu, CFP, CLU, FMA, RCIS, and IBC Practitioner. Mike is a Financial & Tax Planning Strategist and the President of 360° Wealth Strategies & Solutions from British Columbia, who's practice is dedicated to enhancing clients' financial literacy and empowering them towards financial sovereignty, emphasizing critical thinking in wealth management. With nearly three decades in the finance industry, his expertise lies in simplifying…
🏙️ Penticton's Innovation District is a Massive Opportunity 😳
Penticton's Innovation District will be right across the road from the Penticton Regional Hospital.
The district's site is 10 acres big, with over 1,000,000 square feet of density possible at full build out, which will take 10+ years to accomplish.
The Penticton Innovation District will have a mix of residential, retail, office space, hotels, and senior's living.
#podcast #mortg…
Episode 67: Matt and Taylor are joined by Rocky Sethi. Rocky is the Managing Director of the Stryke Group from Richmond, BC, who has been a real estate development and construction professional for 25 years. As a leader in sustainability, Rocky’s experience in mass timber has led him to be involved in the City of Vancouver’s Mass Timber Committee, Portland Mass Timber Conference (2022) and has been involved in more than 700 residential mass timber homes to date.
Rocky is here to disc…
Episode 68: Matt and Taylor are joined by Ron Cannan. Ron is a City Councillor for the City of Kelowna, BC, who in addition to being involved in municipal and provincial politics, was an elected Member of Parliament (MP) for Kelowna-Lake Country from 2006 to 2015. With decades of experience as a public servant, Ron is highly sought after by government officials for his expertise on operations and public policy development. An entrepreneur with a social conscience, Ron is actively self-employ…
Full Episode Here: https://youtu.be/jMv9lvuVpmw
Episode 73: Matt and Taylor are joined by Ezra Cremers. Ezra is a Licensed Property Manager & Real Estate Agent at Vantage West Realty Inc. from Kelowna, BC, who manages a portfolio of almost 300 rental properties. As a business owner for over 20 years, and managing a personal investment portfolio since 2007, Ezra gained one of a kind experiences that allow him to look at the big picture for each of his clients. His passionate appro…
📈 Real Estate Agents Need to Know the Market 📉
A lot of real estate investors have false hopes for the value of their rental due to their real estate agent not knowing the rental market well.
It's very important for real estate agents who have investor clients to do their research, or align themselves with a property manager to have a discussion about rental market prices.
This week on the Kelowna Real Estate podcast, we're joined by Ezra Cremers.
Ez…
🧐 Did Our Podcast Lead to Legislation Changes? 🧐
The BC government has revised some of the new eviction notice rules for landlords that were requiring them providing four months' notice if they intend to occupy the property themselves.
The president of the Canadian Mortgage Brokers Association of BC, Rebecca Casey, said "I heard from several realtors that simply flat-out advised that any of their first-time home buyers - or any of their buyers that are coming to the…
🤔 Thinking of Investing? Know the Laws! 🤦🏻♂️
Nobody wants to be slapped with $36,000 of unexpected payments. Make sure that you are clear on all of the tenancy laws if you are looking to invest in rental properties.
The red tape in BC is heavy. A licensed professional can help you avoid getting into trouble with tenancy laws.
This week on the Kelowna Real Estate podcast, we're joined by Ezra Cremers.
Ezra is a Licensed Property Manager & Real Estate …
Episode 73: Matt and Taylor are joined by Ezra Cremers. Ezra is a Licensed Property Manager & Real Estate Agent at Vantage West Realty Inc. from Kelowna, BC, who manages a portfolio of almost 300 rental properties. As a business owner for over 20 years, and managing a personal investment portfolio since 2007, Ezra gained one of a kind experiences that allow him to look at the big picture for each of his clients. His passionate approach to the specifics followed with thorough execution le…