THE RISK OF WILDFIRES IN KELOWNA

The residents of Kelowna know wildfires all too well!  Particularly, the Central Okanagan has seen devastating wildfires, including the Kelowna Mountain Park Fire in 2003, and the White Rock Lake fire in 2021. Both of these fires displaced tens of thousands of individuals (CBC 2021).

 

The fires cause poor air quality during the smoky wildfire season. What's wrose, the fires destroy landscapes and homes! In the past twenty years, the Central Okanagan alone had over 30,000 hectares burn (“Wildfire Season Summary - Province of British Columbia'' 2021). 

kelowna mountain park fire; threat of wildfires in the okanagan; protect homes against wildfires
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Kelowna is exposed to low air quality on a near-annual basis due to wildfires happening throughout the western part of North America. With this in mind, every step counts as you protect your property against the wildfires!

HOW TO PROTECT YOUR PROPERTY FROM WILDFIRES

The most vital area that needs to be protected is around your home! The City of Kelowna advises residents to remove all hazardous vegetation within 10 meters of your home. This includes the collection of dry, dead, and fine materials. For example, you should remove all dry needles and conifer prunings (“FireSmart Community Chipping Pilot Program” 2022).

flammable organic materials; flammable organic debris; dry pine needles
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FIRE PREVENTION BY THE CITY OF KELOWNA

In 2022, the City of Kelowna started a new initiative called FireSmart Community Chipping Pilot Program. This FREE program helps the residents of Kelowna to mitigate the threat of wildfires. The city will collect highly flammable materials from your property. The pick=up service will be for dry and/or dead materials from cedar trees, juniper bushes, mugo pines, and conifer shrubs and branches. Please note that leafy tree materials are NOT collected for this initiative. 

All other organic materials such as dirt, grasses, rocks, gravel, and flowers must go into your green waste bin. The green bins will still be picked up throughout the entire time of this initiative because these materials are not suitable for the wood chipper. 

 

The City of Kelowna has a schedule posted on their website that outlines the streets and days that the collection services will follow. The following 8 areas will be serviced this year:

 

 

Please note: the neighborhoods are chosen due to t higher rate of flammable materials in the landscapes. (“FireSmart Community Chipping Pilot Program” 2022)

 


Residential Real Estate Market Heading Into Seasonally Busy Spring Fling

Residential real estate sales for the month of March saw a slight uptick over February sales showing signs that the typically busy spring market has commenced in the region, reports the Association of Interior REALTORS®.

A total of 1,898 residential unit sales were recorded across the Association region, marking a 25% decrease compared to a record-high number of units sold in March 2021. New residential listings coming onto market in March saw a decrease of 7% within the region with 2,871 new listings recorded compared to the same period last year yet increased 55% compared to last month’s 1,850. The overall active listings clocked in marginally below last year March’s active listings with 4,018 listings that is a nearly 3% decrease in year-over-year comparisons.

“It is encouraging to see that in the month of March we saw a slight increase of sales, as well as an upswing of new listings compared to February, which is seasonally expected for the local real estate market as we head into the warmer spring months,” says the Association of Interior REALTORS® President Kim Heizmann, adding that “the spring fling seems to have been kick-started which is great news for buyers and sellers, however, new listings are still not coming on to the market at the rate needed to meet demand.”

“Without a drastic supply of housing coming onto market, the lack of inventory will continue to impact buyers and sellers in the coming months,” noted Heizmann.

The benchmark price for homes in the Central Okanagan, North Okanagan, South Okanagan, and Shuswap/Revelstoke regions had double-digit percentage increases in year-over-year comparisons for another consecutive month across all home categories, with the greatest increase being for single-family homes in the South Okanagan. The benchmark price for single-family homes in the South Okanagan recorded a 37.6% increase compared to March 2021 coming in at $731,400.

The average number of days to sell a home, always a good barometer to watch, dropped down to 46 days from 54 days last month. It’s important to note that the average of days on market is for the entire Okanagan region and that the indicator will vary depending on home type and sub-region.

Contact your local REALTOR® to find out more about the real estate market
and how they can help you achieve your real estate goals.

KELOWNA, B.C. – April 7th, 2022 


Lack of Supply Continues to Drive the Residential Real Estate Market

Residential real estate demand across the Association region remains strong heading into the seasonally busy spring months despite a persistent lack of inventory in the region and throughout the province, reports the Association of Interior REALTORS®.

A total of 1,516 residential unit sales were recorded across the Association region, marking a 15% decrease compared to a record-high number of units sold in February 2021. New residential listings coming onto market saw a decrease of 12% within the region with 1,850 new listings recorded. The overall active listings were also far below last year’s February active listings showing a 19% decrease in year-over-year comparisons.

“The persistent lack of new listings coming onto market is far from adequate to meet the demand of buyers locally and those coming from other markets,” says the Association of Interior REALTORS® President Kim Heizmann, adding that “we are seeing the mismatch of inventory versus demand taking a toll on buyers as they show signs of fatigue in having to compete in a seller’s market where lack of supply is putting upward pressure on pricing, and further on affordability.”

In the South Peace River region, there was a total of 38 residential unit sales recorded in February, with 229 overall active listings, a decrease of 26% compared to the same time last year. The average price for single-family homes and apartments both saw increases in year-over-year comparisons, coming in at $267,712 and $41,333 respectively, while the average price for mobile homes declined 9% to rest at $37,750 in the same period.

“The lack of housing supply continues to be the key driver of real estate market performance with homebuyers and sellers having to navigate through a high demand and low supply situation,” noted Heizmann.

“Instead of looking for quick fixes to dampen housing demand, government policies should focus on measures that could bring more housing to the market, as outlined in BCREA’s recent white paper – A Better Way Home. Providing more options for buyers can help soften competitive market conditions and provide much-needed inventory after months of supply drought,” says Heizmann.

The average number of days to sell a home, always a good barometer to watch dropped down to 54 days. It’s important to note that the average of days on market is for the entire Association region and that the indicator will vary depending on home type and sub-region.

Contact your local REALTOR® to find out more about the real estate market
and how they can help you achieve your real estate goals.

KELOWNA, B.C. – March 7th, 2022 


Active Listings Remain At All Time Low For Local Real Estate Market

Real estate professionals continue to support buyers and sellers in navigating the lack of inventory in residential real estate markets across the region from Revelstoke to Eastgate Manning Park and into the South Peace River region, reports the Association of Interior REALTORS®.

Residential sales for the entire Association region for January 2022 saw a 10% decrease compared to the same month last year with 701 units sold this month and 782 units sold in January 2021.

“The persistent lack of inventory on market makes for challenging times for buyers and sellers,” says the Association of Interior REALTORS® President Kim Heizmann, adding that “not only are new buyers frustrated at finding a home but sellers are frustrated at the lack of active supply hindering their ability to move on to a new property as well.”

“The value of working with a professional real estate agent really does make a difference in navigating the complicated buying and selling process, under any circumstances, but especially during these challenging conditions,” says Heizmann.

The supply of active residential listings dipped 38% across the Association region compared to the 2,787 active listings in January 2021 coming in at 1,721 this year. New listings also saw a downtick with 824 new listings for January 2022, compared to 1,094 units during the same month last year.

The benchmark price for homes in the Central Okanagan, North Okanagan, South Okanagan, and Shuswap/Revelstoke regions continued their upward double-digit percentage increases in year-over-year comparisons for another consecutive month across all home categories.

In the South Peace River Region, where benchmark pricing is not available, the average price for single-family homes hit double-digit increases while inventory in the same category saw a double-digit decrease of 43% in year-over-year comparisons.

Contact your local REALTOR® to find out more about the real estate market
and how they can help you achieve your real estate goals.

KELOWNA, B.C. – February 4th, 2022 


Selling or Buying real estate is competitive! It might surprise you to learn that Century 21 Assurance Realty Ltd. in Kelowna is not the largest real estate office in the Okanagan.  Yet, you see our signs everywhere!  That’s because our team of unique, highly skilled, and fun agents produce results. Agent for agent, our top producers beat out the competition in sales volume and customer satisfaction, year after year*.

Backed by the advanced technology of Elevate21, our team of Realtors are specialists in the Okanagan with hundreds of years of marketing, negotiation, and communication experience. It’s our team approach that works.

If you’re looking to join a high-performing brokerage, choose the Gold Standard in Real Estate… we have time for you!

*CENTURION Award* is given to the top 6% of agents across Canada. 29 agents or 36% of Century 21 Assurance Realty Ltd. agents achieved this mark in 2021.



The life of an elite athlete can be comparable to that of a real estate agent: The competition is fierce, the future is uncertain and he/she has to be playing their “A” game 24/7. Due to these similarities many high-performing athletes have made the transition to the real estate industry.


STORY CONTINUES HERE

https://www.realestatemagazine.ca/emily-zurrer-kicks-off-her-real-estate-career/?fbclid=IwAR1zc4e7pYWXkqWa10lwaZg5rh-ST3JDMa_tgGqwHiyUWVPtJW54linp7qI



A big THANK YOU to our brave rappellers and generous supporters of our drop zone fundraising event in support of Easter Seals Yukon/bc.  Together we raised over $10,000 for individuals with disabilities. #C21CaringForOurCommunity