New mortgage rules could disqualify 10% of buyers says Bank of Canada

New mortgage stress tests coming in 2018 could disqualify about 10% of prospective home buyers with larger down payments ineligible for a loan according to the Bank of Canada. The numbers are based on the proportion of low-ratio mortgages issued between mid-2016 and mid-2017 that would have been disqualified if the new mortgage rules had … Continue reading New mortgage rules could disqualify 10% of buyers says Bank of Canada

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Mentee becomes mentor: Top 40 profile of Sean Paulsen – Kelowna Chamber of Commerce BDO’s Top 40 Under 40

Sean Paulsen, 32, Head of Residential Division at Associated Property Management, is 4th of 40 honourees for the new season of Kelowna Top 40 under 40. Sean Paulsen was a fresh-faced young man of 20 when he first joined Associated Property Management in Kelowna. But rather than backlash from clients who thought he was too … Continue reading Mentee becomes mentor: Top 40 profile of Sean Paulsen – Kelowna Chamber of Commerce BDO’s Top 40 Under 40

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Real estate experts gaze in Kelowna’s ‘Crystal Ball’ of future development

Kelowna has been named the fastest growing city in British Columbia, and with population growth comes new development. Licensed by Macdonald Realty Kelowna, local real estate team HM Commercial Group has prepared their annual commercial report that will serve as a “crystal ball” detailing future development in the city. Photo Credit: HM Commercial Group.  The … Continue reading Real estate experts gaze in Kelowna’s ‘Crystal Ball’ of future development

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Local development group behind purchase of Bernard Ave’s Bargain Shop site

The purchase of the 1.5 acre site in the heart of Kelowna’s downtown core was big news yesterday, but not many people knew who had actually purchased the property. Tuesday afternoon The Mission Group, one of the city’s leading developers, said it has purchased the site as a way to continue to demonstrate its commitment … Continue reading Local development group behind purchase of Bernard Ave’s Bargain Shop site

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