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Are you searching for the most consistent real estate team in the Penticton area?
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tanya@thompsoncrocker.com
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484 Main Street, Penticton, BC

Preparing Your Home for Sale

When you’ve decided to sell your home, the last thing you want to do is spend money to spruce the place up. After all, whoever buys it is going to replace those outdated kitchen cabinets and grungy bathroom tiles anyway, right? “We’re often asked why any money should be spent freshening,” said Mickey Conlon, an associate broker with Douglas Elliman Real Estate. “The answer has to do with the psychological effect of assessing a renovation on a prospective purchase. Buyers assign...

6 Costly Mistakes First-Time House Flippers Make

When you’re flipping a house, time is money. And you don’t have time to make a lot of rookie mistakes. That’s what Steve Cederquist learned when he first began renovating and flipping properties in 1994. “I bought a house with a bad foundation and lost $30,000 on the deal,” says Cederquist, a general contractor who’s now a veteran house flipper and president of Cornerstone Property Services in Huntington Beach, CA. “I didn’t think I’d have to do much to a 1,200-square-foot house....

Housing Market Slows to a Simmer in BC

Vancouver, BC – August 11, 2016. The British Columbia Real Estate Association (BCREA) reports that 9,900 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in July, down 3.4 per cent from the same month last year. Total sales dollar volume was $6.57 billion in July, up 5.4 per cent compared to the previous year. The average MLS® residential price in the province was up 9.1 per cent year-over-year, to $663,411. "Housing demand has moderated in many regions of...

Strong BC Economy Fuels Growth in Commercial Real Estate

Vancouver, BC – August 31, 2016. The BCREA Commercial Leading Indicator (CLI) increased 1.7 index points in the second quarter of 2016, propelled higher by strong growth in the BC economy. The CLI index rose to a new high of 122.2, up 2.2 per cent compared to the second quarter of 2015. "The recent uptrend in the CLI is reflective of a strong underlying economy and accelerated employment growth," said BCREA Economist Brendon Ogmundson. "The CLI was further boosted by a...

BC Housing Demand Remains Strong Despite Fewer Vancouver Home Sales

Vancouver, BC – September 13, 2016. The British Columbia Real Estate Association (BCREA) reports that 8,945 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in August, up 1.5 per cent from the same month last year. Total sales dollar volume was $5.1 billion in August, down 6.7 per cent compared to the previous year. The average MLS® residential price in the province was $569,393, a decline of 8.1 per cent compared to the same month last year. "Strong...

Jurock’s Real Estate News

Nov.13 to Nov.20, 2014 THIS WEEK IN JUROCK'S REAL ESTATE INSIDER: CMHC'S HOUSING OUTLOOK IS ROSY AND REALISTIC CONDO LANDLORDS BANK ON INCOME HOTTEST B.C. MARKETS IN 2015 ASSESSMENT RULING UPROAR: MILLIONS, PERHAPS BILLIONS LESS IN TAX PAYMENTS INVESTORS AWAKEN TO SUNSHINE COAST MARIJUANA RULES AFFECT REAL ESTATE OIL PIPELINES NOT NEEDED? REALITY COULD AFFECT REAL ESTATE INVESTORS RENTAL INVESTORS: TIPS TO USING CMHC INSURANCE MORTGAGE DEBT SLOWS AS HOME SALES INCREASE CMHC's Housing Outlook Is Rosy And Realistic The annual Housing Outlook conference held by Canada Mortgage and Housing Corp. November...

Jurock’s Real Estate News

Nov.6 to Nov.13, 2014 THIS WEEK IN JUROCK'S REAL ESTATE INSIDER: BOB RENNIE EXPLAINS 20% THEORY A NEW MONEY HUB? FOR DEVELOPERS, IT IS ALL ABOUT THE DIRT METRO LAND WORTH MORE THAN WHAT IS ON IT WHERE CHINESE ARE BUYING IN THE U.S.A WINDSOR THE MOST AFFORDABLE CITY? NO CONTEST WITH WATERFRONT HOUSES FOR $164K TORONTO'S NEW CONDO MARKET REMAINS WHITE-HOT PWC'S PICK OF TOP CANADIAN CITIES FOR 2015 I N T E R N A T I O N A L: QUESTIONS, QUESTIONS Several questions this week regarding Japan's major...

Jurock’s Real Estate News

Oct.23 to Oct.30, 2014 "When a market goes down fast, you have no idea how low it can go." -Dennis Gartmann THIS WEEK: SUBURBS THAT ARE UNDER PERFORMING THE MARKET (OR HOW TO STAY IN METRO VANCOUVER) TOWNHOUSE PRICES A BEST BUY $600,000 PAYS FOR A LOT OF FERRY FARES BUYING A RENTAL WITH TENANTS IN PLACE WHAT APARTMENT MARKET GURUS ARE SAYING 7 HOT SASKATCHEWAN TOWNS RICH IMMIGRANT 'DECEPTION' COST CANADA BILLIONS HOT PROPERTIES SELL FAST HSBC IS NOW OFFERING A .99% MORTGAGE FOR 2 YEARS $75 OIL IMPACT IN PIPELINES? I...

Jurock’s Real Estate News

Oct.16 to Oct.23, 2014 "There is little success where there is little laughter." -Andrew Carnegie. THIS WEEK: BLACK WEDNESDAY STOCK CRASH SITE C DAM GIVEN GREEN LIGHT INSTANT TOWNS RISING IN NORTHERN BC BUCK THE LOONIE; BUY IN THE U.S. NOW CANADIANS BUY $563M IN U.S. COMMERCIAL REAL ESTATE - IN JUST SIX MONTHS SASKATCHEWAN LAND PRICES ARE SOARING VANCOUVER NEW HIGH-RISE CONDO SALES NEED ASIAN BUYERS AND LOTS OF THEM I N T E R N A T I O N A L: BLACK WEDNESDAY? With Toronto down 12% since...