OKANAGAN REAL ESTATE MARKET STATISTICS – JANUARY 2017

Here are the real estate market statistics from Macdonald Realty on Okanagan listings and sales in January 2017. South Okanagan: Osoyoos, Oliver, and Penticton In January 2017, there were 41 sales of detached homes and 426 active listings in South Okanagan Area, including Osoyoos, Oliver, and Penticton. The average sale price was $493,227 with an average days on market of 100. The Condo market had 24 sales … Continue reading OKANAGAN REAL ESTATE MARKET STATISTICS – JANUARY 2017

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Landlords fear property values will go up in smoke with marijuana legalization

Canadian residents will be allowed to grow four plants per household under expected legislation Marijuana could be legal in Canada as early as next summer, and landlords are already concerned that new laws could pose risks to their property. The federal government is expected to announce this month that pot will be legalized by July 1, 2018. The … Continue reading Landlords fear property values will go up in smoke with marijuana legalization

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Financial Stories

There have been several media accounts recently concerning money matters — rent hikes and bank sales tactics being two examples — where the underlying thrust of the stories is that we are supposed to feel sympathy toward one party in the disputes as preyed-upon victims while accepting that the other party is some form of Earth-bound … Continue reading Financial Stories

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Landlord pays high price for renter’s medical marijuana grow-op

‘A grow-op, whether legal or not, is still a high-risk activity,’ Insurance Bureau says Longtime landlord Darryl Spencer was left scrambling for insurance after discovering a tenant was growing dozens of medical marijuana plants inside and outside his rental house. When the landlord told his insurance company about the perfectly legal grow-op, his coverage was … Continue reading Landlord pays high price for renter’s medical marijuana grow-op

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