We shot this film over the course of one day this Summer. The Waterfront is a beautiful development with a collection of 20 contemporary luxury resort homes.

For more details click here

We had the privilege to shoot a short film in one of the rare homes designed by renowned Canadian Architect Arthur Erickson. This home was designed to appeal to the female, with stunning features that would befit any world class art gallery or museum, the home features Douglas Fir pillars from Vancouver Island and huge floor to ceiling windows that seamlessly combine the natural outdoor space with the indoors. The property has a serenity that transports you far from the madding crowd… a rare place these days!

The home is currently on the market at $2,999,999 contact Steven Bergg real estate consultants

Kelowna Real Estate Mag was invited along to a special evening as Stacey Fenwick gave us a personal tour of the Sopa Square Discovery Centre in South Pandosy. Aj Hazzi and Joel Sherlock from Vantage West Realty were in attendance and both were equally impressed with the Sopa development.

The Sopa Square Discovery Centre is located at 3013 South Pandosy.

A new report from Canada Mortgage and Housing Corporation forecasts new home construction and sales in the Central Okanagan will move higher in 2010 and 2011.

CMHC Market Analyst, Paul Fabri, says demand for new and existing homes are expected to pick up as both regional and provincial economies grow, however, he cautions gains in new home construction and sales of existing homes will be modest.

“Slowly rising mortgage rates will exert a moderating influence, tempering growth in demand later this year,” says Fabri.

He says housing starts, led by the detached home sector will increase this year and next.

“Kelowna’s multi-family construction sector has moved away from large scale apartment-condominium projects.”

Fabri says he does expect condominium construction to pick up again in 2011 as the inventory of completed and unoccupied units and the supply of existing homes available for sale is drawn down.

Existing home prices are also forecast to edge up over the next few years adds Fabri.

He says ample supply in combination with modest growth in demand will limit upward pressure on prices.

“Kelowna’s existing home market is expected to remain stable in a balanced market position through 2011.”

courtesy of Castanet

The real estate market in Kelowna is expected to strengthen in 2010.

According to a recent report by REMAX, house prices in Kelowna will increase about 5 per cent in 2010.

Property values in and around Kelowna fell slightly this year, but there is good news on the horizon.

Top performers in terms of unit sales appreciation in 2010 are all in Western Canada, leading the way is Kelowna with an anticipated upswing of 10 per cent in housing sales.

“Some of the greatest percentage gains were reported in Western Canadian markets in 2009, demonstrating the higher the peak the lower the valley,” says Regional Executive Vice-President, Elton Ash.

“That said, the recession barely registered on year-over-year activity in most major centres.”

According to the report the national average price of a home is expected to rise to $325,000 by the end of 2010, a high, never before seen in Canada.

Shane Styles, Director of Sales for Sonoma Pines knows the sights of success. I can see all of the construction from my sales office, he explains with a smile. We have enjoyed a phenomenal year in spite of all the real estate reports. With over 80 construction workers and 43 homes currently under construction, Styles is pleased to be part of the real estate solution for home buyers in Kelowna either searching to downsize from their larger properties or first-time buyers wanting to take advantage of historically low mortgage rates.

We’re now selling Phase 7, explains Styles. This is an exceptional value of only 22 one-level townhomes wrapped around the fairways of Two Eagles Golf Course from $269,900. Introduced in 2003 by The Rykon Group, Sonoma Pines is an established development situated in the centre of West Kelowna in a relaxed golf course setting.

This is an established neighbourhood with over 250 happy home owners who enjoy low maintenance living in our distinctive Santa Fe style community.

Backed by the quality of Rykon Construction, Sonoma Pines has been proactive in today’s real estate market by creating win/win scenarios in every aspect of the development. I was onsite the other day showing buyers their home under construction when a tradesman approached me and asked to shake my hand, Styles recalls. He told me that he was grateful to have consistent work. We’ve worked hard with our trades people, our suppliers, our crews to deliver a quality product that is irresistible to buyers.

Sonoma Pines West Kelowna

A combination of single-family, multi-level and one-level townhomes offer buyers a variety of options when considering purchasing at Sonoma Pines. We encourage visitors to our Sales Centre to look around the Okanagan before making the commitment to become a resident here, explains Styles. There isn’t another development in the Okanagan that has the success we’re enjoying. Since January, 36 weeks ago, we’ve sold 47 homes that translates to 11% of all the townhome sales in the Okanagan more than 1 in 10 sales are attributed to us. That’s at least one new home sale every week. And we have less than 22 homes left to complete Phase 7.

The one-level townhomes have four distinct floorplans to choose from. With 9-10 vaulted ceilings, efficiently designed living spaces, 2 bedrooms/2 baths, a private patio, attached garage, and a selection of golf, mountain, or lake views the value from $269,900 is remarkable. I don’t know when prices in the Okanagan will ever be this affordable again, states Styles. This is the absolute best time to invest in a home.

Sonoma Pines interior

According to the Okanagan Mainline Real Estate Board (OMREB), the average townhome sales price in the Central Okanagan at the end of August was $346,197 compared to Sonoma Pines Phase 7 introductory offering from $269,900. I believe that prices will start creeping up in the spring as the economy is already starting to recover. People will be kicking themselves for waiting.

PLEASE CONTACT US FOR MORE INFORMATION

Sopa Square is the newest development to showcase itself on the Kelowna Real Estate market.

The Sopa Square development is the brainchild of Edgar Fenwick who’s ambition is to create a community where people can live, work and play and have it all within walking distance….. throw the car keys away!!

The development team have partnered with Busby Perkins a pioneer in sustainable design to create innovative homes that are energy efficient while reducing the impact on resources…..defining CONSCIOUS LIVING.

Sopa Square is a Leed Certified project targeting the LEED Gold rating.

The street level of Sopa Square has retail shops for all your daily living needs as well as boutiques, restaurants and sidewalk cafes in a trendy, pedestrian friendly urban atmosphere. DRIVE LESS. LIVE MORE.

FOR MORE INFORMATION Visit SopaSquare.com

The fires that raged around the Okanagan Lake last week did give the impression that this would be the last place you’d want to consider investing Kelowna Real Estate, but according to the Globe and Mail it has done little to dampen the allure of a lifestyle by the shimmering Lake Okanagan.
“Canadians have fallen in love with the Kelowna region, and they aren’t about to let a little smoke and fire dissuade them from buying homes and condos and vineyards in record numbers”.

Much of the boom is happening on the west side of the lake in what is now the municipality of West Kelowna. That region had the fastest population growth in Canada between 2001 and 2006. Next door, in Kelowna proper, the city’s population has swelled to 110,000, a near doubling in 20 years.