Tuesday, 22 June 2010

Are you ready for HST?

The Canada Revenue Agency answers questions on the Harmonized Sales Tax (HST)

The answers to dozens of questions on housing rebates, grandparented housing sales and more are available from the Canada Revenue Agency (CRA).

The CRA recognizes that understanding how the HST applies to transactions that straddle the July 1, 2010, implementation date can be complex. To provide you with answers, the CRA is developing an ever-growing list of information products to help businesses understand the transitional rules that will apply to transactions that are in progress on July 1-:

www.cra.gc.ca/E/pub/gi/notice244/notice244-e.html, and Harmonized Sales Tax for British Columbia – Questions and Answers on Housing Rebates and Transitional Rules for Housing and Other Real Property Situated in British Columbia (Notice 246) at www.cra.gc.ca/E/pub/gi/notice246/notice246-e.html.

For more information about the implementation of the HST, go to www.cra.gc.ca/harmonization. The CRA updates these pages regularly. To receive information as it is updated, sign up for the HST electronic mailing list (www.cra.gc.ca/lists) or RSS feed (www.cra.gc.ca/rssfeeds).

Kind Regards

Trish Cenci
Coldwell Banker Horizon Realty
Tel 250 864 1707

Sunday, 20 June 2010

Great weather for the Quail Ridge Biz BBQ yesterday!

The local businesses situated within our business complex, at the Borgata Lodge, in Quail Ridge, held their first charity BBQ yesterday, in aid of the Canadian Cystic Fibrosis Society.

It was nice for Tanis and I to meet some of our friends and neighbours, who enjoyed great burgers and all in a good cause!


Trish Cenci
Coldwell Banker Horizon Realty
3A 3185 Via Centrale,
Kelowna, BC V1V 2A7
Cell 250 864 1707
Website: http://www.mykelownarealestate.com/
Email:trishcenci@shaw.ca

Wednesday, 9 June 2010

UBCO buys former Tutt Farm from city - Kelowna News - Castanet.net

More exciting news from the University.

UBCO buys former Tutt Farm from city - Kelowna News - Castanet.net

Trish Cenci Coldwell Banker Horizon Realty 3A 3185 Via CentraleKelowna, BC V1V 2A7 Cell: (250) 864 1707 Office 250 765 4282 Fax: (250) 765 4282 Toll Free 1-888-KELOWNA Website: http://www.mykelownarealestate.comEmail:trishcenci@shaw.ca

Sunday, 6 June 2010

Kelowna housing numbers moving up - Kelowna News - Castanet.net

Positive news about housing numbers.

Kelowna housing numbers moving up
by Contributed - Story: 54969
Jun 4, 2010 / 6:00 pm



Statistics for the first five months of 2010 show an increase in the number and value of building permits processed by the City of Kelowna compared to the same period last year.

“The first five months of 2010 are showing more strength than during the same time last year,” says Chief Building Official Mo Bayat. “The numbers for 2010 are much closer to the average of the last five years than in 2009 – particularly construction values.”

From January 1 to the end of May 2010, the City issued 2,208 permits with a construction value of approximately $153 million. In comparison, the same period in 2009 saw 1,722 permits issued with a total construction value of approximately $104 million. This represents a 28 per cent increase in the number of permits and a 47 per cent increase in construction value in 2010.

Looking back to the first five months of 2006, the City issued 2,877 permits – 669 more than this year. However, the construction value in 2006 was approximately $146 million – $7 million or 4.8 per cent less than in 2010. The higher number of permits in 2006 was mostly due to an additional 479 plumbing permits. These permits do not have a construction value attached to them and therefore, this is a major reason why the significantly higher number of permits in 2006 has resulted in a lower construction value than in 2010.

The number of building permits for new homes was also up in the first five months of 2010. The City issued 136 building permits for new single family dwellings (SFD), compared to 48 SFDs during the same period in 2009. This represents an increase in single family dwellings of 183 per cent compared to this point last year.

There have also been 29 building permits issued for new townhouses totaling 74 new units so far this year. This is the highest number of permits issued for new townhouses in more than five years and the highest number of townhouse units created since 2008.

Another statistic of note from the first five months of 2010 is the 154 lots created to date is more than double the 76 lots created in all of 2009.

Kelowna housing numbers moving up - Kelowna News - Castanet.net

Kelowna housing numbers moving up - Kelowna News - Castanet.net

Trish Cenci
Coldwell Banker Horizon Realty
3A 3185 Via Centrale Kelowna, BC V1V 2A7
Cell: (250) 864 1707 Office 250 765 4282
Website:http://www.mykelownarealestate.com
Email:trishcenci@shaw.ca

Tuesday, 1 June 2010

June 2010 Newsletter

Almost half way through the year!

I can’t believe we are already half way through the year, it really seems to have flown by!

It has certainly been a busy time for me following my recent office move, to Coldwell Banker Horizon Realty and it has certainly been a tough 6 months in Real Estate sales in Kelowna.

I am pleased to say that whilst the actual Real Estate sales figures for May 2010 do not reveal any really noticeable increase, market activity has certainly been much greater, and there is definitely more evidence of buyers coming in to the market to make offers.
I therefore anticipate that we will see a flurry of sales in June.

May 2010 Central Okanagan Real Estate Stats


Type         Total      S. Fam      Strata      Lot      Manuf

May 10     384        209            134         19         22

Apr 10     391         217            128         28        18

Mar 10    356         194            119         24         19

May 09    369        217             132         11          9

As you can see, interestingly there has been a slight drop off in sales during May with Single Family Home and Lot numbers falling.

Of the Strata sales, only 2 were over $600,000 with 8 Single Family homes over $1m and 34 homes over $600,000.

I certainly seems that people have been holding back on their Real Estate purchases, possibly waiting to see what interest rates were going to do.

Well, now we have our answer, a quarter point increase, which I suspect was something no one would have taken bets on!

And Finally …

Just in case you did not receive my new contact information recently, I have now published it again below-:

Coldwell Banker Horizon Realty


Quail Office -:

3A, 3185 Via Centrale

Kelowna, BC, V1V 2A7

Cell 250 864 1707

Office Tel 250 765 4282

Fax 250 765 4282

My e.mail – trishcenci@shaw.ca

My web site – http://www.mykelownarealetstate.com/
Twitter - http://www.twitter.com/AKelownaRealtor/

Downtown Office

Coldwell Banker Horizon Realty

#14-1470 Harvey Ave.

Kelowna, BC V1Y-9K8

Office: (250)860-7500

Toll Free: (888) 535-6962

Fax: (250)868-2488

Email: horizon@kelownarealestate.com

Kind Regards

Trish Cenci