Robert Goertz : Blog : Latest Blog Posts

New property listed in Nelson

Thu, 03 Sep 2026 09:19:07 GMT

I have listed a new property at 2801 HARLOW Road in Nelson. See details here

High-performance home just 11 minutes from Nelson—offering the quality, efficiency, and peace of mind of a custom build without the time, cost, or uncertainty. Never lived in and built well beyond typical standards, this exceptional home delivers outstanding durability, quiet comfort, and energy efficiency, with 9-foot vaulted ceilings and eight large south-facing windows that flood the home with natural light. With 5 bedrooms and 3.5 bathrooms, the layout is exceptionally functional and flexible, including a separately metered lower level with two bedrooms, a full bath, and plumbing in place for a potential suite—ideal for rental income, guests, or extended family. Thoughtfully constructed with Douglas fir posts and beams, Hardie board siding, polished concrete floors, and quality finishes throughout, this is a home designed to perform for decades. The kitchen and bathrooms feature timeless shaker cabinetry and quartz countertops, while the primary ensuite offers a soaker tub, walk-in shower, double vanity, and heated floor. A strong-producing private well (approx. 40 GPM), Step Code 4 construction, and full 2-5-10 home warranty provide exceptional peace of mind. Set in a quiet, private location just minutes from the lake, golf, fishing, and hiking, this fully completed home is ready for immediate possession and offers a rare opportunity to enjoy the benefits of a high-quality new build without the hassle of building. The seller is motivated and will consider reasonable offers. (id:2493)

BCREA Housing Market Update

Thu, 20 Aug 2026 17:08:47 GMT

Home Sales Expected to Rise in 2027

Thu, 20 Aug 2026 17:02:46 GMT

The British Columbia Real Estate Association (BCREA) released its 2026 Third Quarter Housing Forecast Update today.

Multiple Listing Service® (MLS®) residential sales in BC are forecast to fall 1.2 per cent to 69,325 units this year. In 2027, MLS® residential sales are forecast to move higher, rising 7.5 per cent to 74,500 units.

“A long-awaited recovery in the British Columbia housing market appears to be underway as we enter the second half of 2026, but will be slow and gradual and continues to be challenged by persistent geopolitical volatility,” said BCREA Chief Economist Brendon Ogmundson. “Ultimately, an expected pick-up in the provincial economy over the next year provides cause for optimism that sales activity will improve in 2027.”

With active listings near their highest level since 2015, and additional pressure from elevated new-home inventory, we anticipate the average price in BC will fall by 1.2 per cent in 2026 to $941,800, down from $952,767 in 2025. This decrease largely reflects disproportionate weakness in more expensive markets in the Lower Mainland, casting downward pressure on the broader provincial average price.

"Copyright British Columbia Real Estate Association. Reprinted with permission."

New property listed in Boswell

Sat, 15 Aug 2026 09:17:40 GMT

I have listed a new property at 13579 Mountain Shores Road in Boswell. See details here

Cozy Log Home in Mountain Shores. Enjoy seasonal or year-round, worry-free living in this well-cared-for 3-bedroom, 2-bathroom log home nestled among the trees in the welcoming community of Boswell. Located in Mountain Shores, this property offers the convenience of community water and a community septic system, eliminating the maintenance and uncertainty that can come with private services. Lake access is just a short walk away, making it easy to enjoy all that Kootenay Lake has to offer. The home is filled with natural light and features an inviting, open-concept layout. The main level showcases beautiful exposed log construction, a cozy living room with a wood-burning stove, and a spacious dining area with an indoor/outdoor feel. Glass doors open onto a massive deck, perfect for summer BBQs, entertaining, or simply relaxing among the trees. The primary bedroom is conveniently located on the main floor and features a cheater ensuite. Downstairs you'll find two additional bedrooms, a full bathroom, and a generous laundry room. The comfortable family room is a great space to unwind or entertain year-round. Outside, the private, tree-lined backyard includes a bonus wood shed/workshop and plenty of room for additional parking or the potential to build a carport or garage. A great Kootenay getaway or full-time home—comfortable, private and close to the lake, with the convenience of community services. (id:2493)

New property listed in Bonnington

Tue, 11 Aug 2026 09:17:25 GMT

I have listed a new property at 3834 Woodcrest Road in Bonnington. See details here

Sunny Bonnington Home – Space, Comfort & Room to Grow Just 15 minutes from Nelson or 20 minutes to Castlegar, this tasteful and well-maintained Bonnington home offers 1,834 sq. ft. of comfortable one-level living on a sunny .43-acre property in a family-friendly neighbourhood. The bright, open floor plan provides plenty of room for the whole family, with 4 bedrooms, 2 bathrooms and a versatile den that could easily be converted to a fifth bedroom. The living room with wood stove is perfect for relaxing and gathering, while the heat pump keeps the home cool and comfortable through the summer. Outside, there is plenty to enjoy. The property features a large garden area, offering lots of space for those who enjoy growing vegetables, flowers or creating their own backyard oasis. The hot tub provides a great place to unwind, and the carport adds convenient covered parking. The home has been thoughtfully maintained and offers a great combination of sunshine, usable land, comfortable living space and a convenient location close to Nelson. The existing deck is at the end of its useful life and will need replacement, giving the next owner an opportunity to create a new outdoor living space designed to their own tastes. If you're looking for a family-friendly home with room to garden, relax and enjoy the Kootenay lifestyle, this Bonnington property is worth a look. (id:2493)

New property listed in Nelson

Sat, 08 Aug 2026 09:18:24 GMT

I have listed a new property at 155 Lakeview Drive in Nelson. See details here

Grandview Heights – Spectacular Lakeview Building Lot! Build your dream home on this exceptional 0.61-acre lot in the sought-after Grandview Heights community, located just minutes before Balfour and only a 25-minute drive from Nelson. With breathtaking panoramic views of Kootenay Lake and the surrounding mountains, this property offers the perfect combination of privacy, scenery, and convenience. The current owner has already completed much of the groundwork, including site preparation and a roughed-in driveway, creating an outstanding building site and saving you valuable time and expense as you begin planning your new home. Grandview Heights is an established upscale neighbourhood featuring attractive newer homes and the convenience of a community water system and community sewer (septic) system. With no required timeline to begin construction, you have the flexibility to secure this premium property today and build when the time is right. Whether you're envisioning a full-time residence or a spectacular Kootenay getaway, you'll love being close to Balfour Golf Course, Kootenay Lake, hiking trails, boating, fishing, and the Kootenay Lake Ferry, while still enjoying an easy commute to Nelson. This is an excellent opportunity to own one of the area's premier building lots with the hard work already underway. Come experience the views for yourself! (id:2493)

New property listed in Nelson

Sat, 18 Jul 2026 09:18:18 GMT

I have listed a new property at 506 Delbruck Street in Nelson. See details here

Welcome to this 4 bedroom, 2 bathroom home in Nelson’s sought-after Uphill neighbourhood, close to Lions Park and the trails that make Uphill such a desirable place to live. Built in 1965, this home offers great bones, functional space, and plenty of potential for someone looking to add their own vision and finishing touches. Inside, you’ll find a practical family layout with generous living spaces and lots of windows that capture beautiful natural light, stunning mountain views, and unforgettable sunset skies. While the home is a little rough around the edges, important upgrades have already been taken care of, including a newer roof and heat pump, helping improve comfort and efficiency year-round. Outside, the fenced and private backyard offers a great space for kids, pets, gardening, or simply relaxing. A unique bonus is the convenient road access from both the front and rear of the property, providing additional flexibility for parking, access, or future ideas. This is an excellent opportunity to get into one of Nelson’s most loved neighbourhoods and build equity in a home with character, views, and strong long-term potential. (id:2493)

Market Activity Shows Encouraging Signs of Improvement

Wed, 15 Jul 2026 22:46:47 GMT

The British Columbia Real Estate Association (BCREA) reports that 7,225 residential unit sales were recorded in Multiple Listing Service® (MLS®) Systems in June 2026, up 0.9 per cent from June 2025. The average MLS® residential price in BC in June 2026 was down 0.8 per cent at $946,878 compared to $954,712 in June 2025.

Total MLS® residential sales dollar volume was $6.84 billion, up 0.1 per cent from the same time the previous year. BC MLS® unit sales were 18.4 per cent lower than the ten-year average for the month of June.

“Sales rose year-over-year in June for the first time since September 2025, driven by stronger activity in the Greater Vancouver area,” said BCREA Chief Economist Brendon Ogmundson. “We hope this marks the beginning of a stronger second half of the year across BC housing markets as sales converge to more normal levels following several years of unexpected global shocks.”

Year-to-date, BC residential sales dollar volume is down 6.4 per cent to $31.96 billion, compared with the same period in 2025. Residential unit sales are down 5.4 per cent year-over-year at 33,886 units, while the average MLS® residential price is also down 1.1 per cent to $943,249.

"Copyright British Columbia Real Estate Association. Reprinted with permission." BCREA makes no guarantees as to the accuracy or completeness of this information.

Bank of Canada Interest Rate Announcement – July 15, 2026

Wed, 15 Jul 2026 22:40:22 GMT

The Bank of Canada held its overnight policy rate at 2.25 per cent this morning. In the statement accompanying the decision, the Bank noted that despite significant global uncertainty and volatility, Canada's economy is showing signs of improvement, with growth rebounding in the second quarter and broadening across sectors. The Bank projects growth of just 0.7 per cent this year but expects the economy to expand by 1.8 per cent in both 2027 and 2028. On inflation, the Bank expects CPI to remain elevated in June before gradually easing in the coming months and returning to its 2 per cent target in 2027.

Although the status of the conflict with Iran remains fluid, fears of an oil-price-driven inflation spiral have not materialized. While headline inflation has moved higher, there is little evidence that higher energy costs have been passed through to core inflation in Canada, which remains subdued. As such, there is no need for the Bank to raise rates this year. However, if the Canadian economy continues to regain momentum and core inflation settles near the Bank's 2 per cent target, policymakers may not need to keep the overnight rate at the low end of the neutral range for much longer. In that case, the Bank could begin moving its policy rate back toward 2.75 per cent next year.

That outlook, combined with rising inflation in the United States, which has made a summer rate hike by the Federal Reserve a real possibility, is putting upward pressure on five-year bond yields, which drive fixed mortgage rates in Canada. Consequently, fixed mortgage rates may edge higher heading into the fall.

"Copyright British Columbia Real Estate Association. Reprinted with permission." BCREA makes no guarantees as to the accuracy or completeness of this information.

New property listed in Nelson

Tue, 14 Jul 2026 09:19:16 GMT

I have listed a new property at 2201 Falls Street in Nelson. See details here

Welcome to a home that has been lovingly cared for and enjoyed by the same owners for many years. Nestled in Nelson's desirable Uphill neighbourhood, this well-maintained 4-bedroom, 2-bathroom family home offers a wonderful combination of comfort, practicality, and potential. Set on a mostly level 68 x 120 ft lot, the property features a beautiful, mature garden and lots of space for children to play. Inside, you'll find a functional and inviting floor plan highlighted by a renovated kitchen that serves as the heart of the home. The home has been thoughtfully updated over the years and is clean, comfortable, and truly move-in ready. With four bedrooms and two bathrooms, there's plenty of room for a growing family, guests, or a home office. Close to neighbourhood parks, bike trails, and all that Nelson has to offer, this is a location where families can enjoy an active Kootenay lifestyle while remaining close to everyday amenities. If you're looking for a solid, well-cared-for home with attractive gardens, tasteful updates, and room to make it your own over time, this Uphill property is one you won't want to miss. (id:2493)

New property listed in Castlegar

Tue, 30 Jun 2026 09:18:02 GMT

I have listed a new property at 2436 11th Avenue in Castlegar. See details here

Tucked away at the end of a quiet no-through road on the desirable Kinnaird Bench, this beautifully updated home offers exceptional privacy, versatility, and comfort. The three-bedroom main floor is open and bright. The lower level features a beautifully finished legal one-bedroom suite, providing an excellent mortgage helper or space for extended family. Outside, the backyard is a true retreat, with mature trees, and a private patio that's perfect for relaxing or entertaining. Enjoy the tranquility of this secluded setting while still being just a short walk to Kinnaird Elementary School, Kinnaird Park, and nearby amenities. Whether you're looking for a family home with income potential or a quiet place to enjoy the outdoors, this property offers the perfect combination of location, privacy, and flexibility. (id:2493)

From Offer to Possession

Mon, 22 Jun 2026 23:23:45 GMT

Understanding the Key Dates in a B.C. Contract of Purchase and Sale

While the purchase price often gets the most attention, the various dates contained within the contract are equally important because they establish the timeline for the transaction and outline the responsibilities of both the buyer and seller.

Understanding what these dates mean can help reduce confusion and ensure a smoother transaction.

Date of Offer

The date of the offer is simply the day the buyer signs and submits their offer to purchase the property. This date establishes when the offer was made. In British Columbia, a verbal offer is not binding in a real estate transaction.

For an offer to be valid and enforceable, it must be made in writing.

Offer Open for Acceptance

Every offer includes a deadline by which the seller must respond. This is date and time that an "Offer Open for Acceptance". If the seller accepts the offer before this deadline and the acceptance is properly communicated, a contract is formed. If the deadline passes without acceptance, the offer expires automatically.

This deadline helps ensure that buyers are not left waiting indefinitely for a response.

Acceptance Date

The acceptance date is the date on which the seller accepts the buyer's offer and the acceptance is communicated to the buyer or the buyer's representative. Once acceptance has occurred, a legally binding contract is generally created, subject to any conditions contained within the agreement and any applicable statutory rights, such as the Home Buyer Rescission Period.

Buyer's Right of Rescission

In British Columbia, most residential home purchases are subject to the Home Buyer Rescission Period (HBRP), sometimes referred to as the "cooling-off period." The HBRP generally gives a buyer the right to cancel an accepted offer within three business days following acceptance of the contract. If a buyer exercises this right, they must pay the seller a rescission fee equal to 0.25% of the purchase price.

Not all transactions are subject to the HBRP, and there are exemptions established by legislation. Buyers should seek professional advice if they are unsure whether the rescission period applies to their purchase.

Deposit Date

The deposit is a sum of money provided by the buyer as specified in the contract. The contract will identify both the amount of the deposit and the deadline by which it must be delivered. Deposits are typically held in trust by the brokerage unless otherwise specified.

The deposit forms part of the purchase price upon completion of the sale. If a transaction fails to complete, the handling of the deposit will depend on the terms of the contract and any agreement between the parties or legal determination.

Subject Removal Date

Many offers contain conditions, commonly known as "subjects," that must be satisfied or waived before the transaction becomes firm.

Common subjects may include:

Financing approval
Property inspection
Review of title or disclosure documents
Sale of the buyer's existing property

The subject removal date is the deadline by which the buyer must either remove or waive these conditions in writing. If the subjects are not removed by the specified deadline, the contract may come to an end unless the parties agree otherwise.

Completion Date

The completion date is the day legal ownership of the property transfers from the seller to the buyer.

On this date:

The buyer's lawyer or notary transfers the purchase funds.
Transfer documents are registered with the provincial land title system.
The seller receives the sale proceeds after adjustments and closing costs.

Completion usually occurs during regular business hours and is often not the same day that the buyer receives the keys.

Adjustment Date

The adjustment date is the date used to calculate financial adjustments between the buyer and seller.

These adjustments may include:

Property taxes
Utility charges (where applicable)
Rental income deposits
Other prepaid or outstanding expenses related to the property

The goal is to ensure that each party pays only their fair share of expenses for the period during which they own the property. In most residential transactions, the adjustment date is the same as the completion date, although it can differ if the parties agree.

Possession Date

The possession date is the day the buyer receives the right to occupy the property and typically receives the keys.

Possession often occurs the day after completion, although the parties may agree to a different arrangement.

Buyers should avoid scheduling movers, contractors, or other services until possession has been confirmed through their lawyer, notary, or real estate professional.

Property Viewed Date

The contract includes a section where the buyer indicates the date on which they viewed the property.

This date records when the buyer physically viewed the property or acknowledges that the property may not have been viewed before the offer was made. The property viewed section helps document the circumstances surrounding the purchase and forms part of the contract record.

An important provision connected to this section states that the property and all included items will be in substantially the same condition on the Possession Date as when viewed by the buyer, subject to reasonable wear and tear and any changes agreed to by the parties in writing.

This provision helps establish the expectation that the buyer will receive the property in essentially the same condition as it was when they decided to purchase it. For this reason, buyers will often conduct a final walk-through before completion or possession to confirm the property's condition and verify that any agreed-upon inclusions remain in place.

Why These Dates Matter

Every date in a Contract of Purchase and Sale serves a specific purpose. Missing a deadline can have significant consequences, including the loss of contractual rights, delays in closing, or even the termination of a transaction.

Whether you're buying your first home or selling a property you've owned for years, understanding the timeline established by the contract can help you make informed decisions and avoid unnecessary surprises.

Final Thoughts

A Contract of Purchase and Sale is more than just a purchase price and a signature. It is a detailed roadmap that guides the transaction from the initial offer through to possession of the property.

If you are buying or selling real estate in British Columbia, take the time to review each date carefully and ensure you understand its purpose. When questions arise, seek advice from qualified professionals, including your real estate licensee, lawyer, or notary, so that you can proceed with confidence.

This article is intended for general information only and is not legal advice. Real estate transactions can vary, and readers should seek professional advice regarding their specific circumstances.

Sales Struggle Against a Weak Economy and Rising Mortgage Rates

Thu, 11 Jun 2026 16:57:17 GMT

The British Columbia Real Estate Association (BCREA) reports that 6,790 residential unit sales were recorded in Multiple Listing Service® (MLS®) Systems in May 2026, down 2 per cent from May 2025. The average MLS® residential price in BC in May 2026 was down 1.4 per cent at $945,878 compared to $959,216 in May 2025.

Total MLS® residential sales dollar volume was $6.42 billion, down 3.4 per cent from the same time the previous year. BC MLS® unit sales were 26.39 per cent lower than the ten-year average for the month of May.

“Rising mortgage rates and a weak labour market continue to constrain activity around the province but especially in the Lower Mainland,” said BCREA Chief Economist Brendon Ogmundson. “The recent rise in mortgage rates presents an unexpected headwind for the market this year and may further delay a recovery in activity.”

Year-to-date, BC residential sales dollar volume is down 8 per cent to $25.1 billion, compared with the same period in 2025. Residential unit sales are down 6.9 per cent year-over-year at 26,681 units, while the average MLS® residential price is also down 1.2 per cent to $941,883.

New property listed in Nelson

Thu, 11 Jun 2026 09:52:58 GMT

I have listed a new property at 4638 6 Highway in Nelson. See details here

Selkirk Mountain Retreat – Home, Business & Lifestyle Opportunity Welcome to a truly exceptional property where adventure, nature, and opportunity come together. Located adjacent to the Nordic Ski Club trails and at the turnoff to Whitewater Ski Resort, this unique acreage places year-round recreation right outside your door. Zoned C2 Tourist Commercial, the property offers outstanding potential for entrepreneurs, investors, or families seeking a mountain lifestyle with income opportunities. The beautifully updated home features five spacious bedrooms and was designed with hospitality in mind, making it ideal as a lodge, inn, retreat, or guest accommodation business. Previously operated as a farm, the acreage consists primarily of open pastureland surrounded by the spectacular beauty of the Selkirk Mountains. Deer, elk, birds, and other wildlife are frequent visitors, creating a peaceful and inspiring setting. Two cabin sites are already prepared for development, providing excellent potential to expand accommodations and generate additional revenue. Whether you envision a boutique lodge, wellness retreat, tourism business, hobby farm, or family estate, the possibilities are extensive. Rarely does a property combine commercial zoning, income potential, acreage, and direct access to some of the Kootenays' finest outdoor recreation. A remarkable opportunity in the heart of the Selkirks. (id:2493)

Wildfire Season and Real Estate: Why Insurance Can Make or Break a Deal

Wed, 10 Jun 2026 21:26:31 GMT

When most people think about wildfires, they think about damaged homes, smoky skies, and evacuation alerts. What many buyers and sellers don't realize is that wildfires can also disrupt real estate transactions long before a property is ever threatened by flames.

In British Columbia, wildfire risk has become more than a property concern—it's now a transaction concern. During wildfire season, a buyer's ability to obtain home insurance can directly impact whether a sale closes on time, gets delayed, or falls apart altogether.

The Growing Connection Between Wildfires and Real Estate

In recent years, insurers have become increasingly cautious about issuing new policies on properties located near active or out-of-control wildfires. Depending on the insurer and the situation, restrictions may apply to homes located anywhere from 25 to 100 kilometers from an active fire, particularly if the property falls within an evacuation alert or evacuation order area.

Even when a home itself is not in immediate danger, insurers may temporarily suspend new coverage until wildfire conditions improve. This creates a challenge for buyers who are approaching their completion date.

Why Insurance Matters So Much

For most buyers, obtaining home insurance isn't just a recommendation—it's a requirement.

Mortgage lenders typically require proof of insurance before they will release mortgage funds. Without a valid, active policy in place, financing may not be advanced, regardless of how close the transaction is to completion.

One of the biggest misconceptions buyers encounter is the difference between an insurance quote and a bound policy. A quote simply indicates that coverage may be available. A bound policy means the insurer has officially committed to providing coverage.

During wildfire season, that distinction becomes critical. A buyer who receives a quote weeks before closing may discover that coverage can no longer be bound if wildfire conditions change before the completion date.

What Buyers Should Do

The best strategy is to start the insurance process as soon as an offer is accepted.

Rather than waiting until the final days before completion, buyers should speak with their insurance provider early and ask important questions such as:

Can the policy be bound immediately? when can it be bound?
Are there wildfire-related restrictions for this property?
How close can an active wildfire be before coverage is affected?
Does the property's fire protection status influence eligibility?
What happens if wildfire conditions change before closing?

Having these conversations early can help identify potential issues while there is still time to address them.

What Sellers Should Do

Sellers also need to be mindful of wildfire-related insurance risks.

It's important to maintain existing insurance coverage until the transaction has fully completed and ownership has officially transferred. If a deal falls apart because a buyer cannot obtain insurance, a seller who has already cancelled their policy could find themselves unexpectedly uninsured during wildfire season.

In some circumstances, obtaining new coverage after cancelling an existing policy may be difficult if wildfire activity has increased in the area.

Keeping insurance in place until the deal is complete is one of the simplest ways sellers can protect themselves and their property.

Contract Clauses Can Help

Recognizing the growing impact of wildfire-related insurance issues, the real estate industry has developed optional contract language designed to address these situations.

A wildfire-related clause can provide additional time for completion, adjustments, and possession if a buyer is temporarily unable to obtain insurance because of wildfire conditions. Rather than forcing a deal to collapse, the clause can allow both parties additional time for conditions to stabilize and insurance coverage to be secured.

These provisions can be particularly valuable for rural properties, homes near forest interface areas, and communities where wildfire conditions can change rapidly.

The Bottom Line

Wildfire season has added a new layer of complexity to real estate transactions across British Columbia. Today, insurance availability can influence whether a lender funds a mortgage, whether a buyer can complete a purchase, and whether a seller remains protected throughout the transaction.

The key is preparation.

Buyers should obtain insurance quotes early and understand exactly when coverage can be bound. Sellers should maintain their existing coverage until the transaction is fully complete. And both parties should consider whether contract language addressing wildfire-related delays makes sense for their situation.

In today's market, wildfire risk isn't just something homeowners need to think about after they own a property—it has become an important part of getting the deal across the finish line in the first place.

Bank of Canada Interest Rate Announcement

Wed, 10 Jun 2026 20:29:07 GMT

The Bank of Canada maintained its overnight policy rate at 2.25 per cent this morning. In the statement accompanying the decision, the Bank noted a dampening of economic conditions since its most recent projections in April, citing weakness in government spending, housing activity, and business investment, accompanied by rebuilding inventories and (somewhat) anomalous increases in imports. However, the Bank expects growth to resume in the second quarter, albeit at a relatively weak pace. As the Iran conflict enters its fourth month, CPI inflation rose to 2.8 per cent in April, largely aligning with the Bank’s expectations as the oil price shock places severe pressure on energy prices. However, the Bank has found limited evidence of broad pass-through of higher oil prices into other products, as core inflation remains around 2 per cent, which is a leading factor in the Bank’s policy response to the conflict. Taken together, inflation is still expected to remain around 3 per cent before moderating towards 2 per cent over time. As a result, the Bank is continuing to look through the short-term impact of the conflict on headline inflation, but stands ready to adjust its policy rate if there are signs of persistence and transmission into the prices of other goods.

Weaknesses in the Canadian economy and labour market paired with inflationary pressure from the Iran War continue to place the Bank of Canada in an increasingly difficult position. Central Banks traditionally respond to supply shocks akin to the closure of the Strait of Hormuz by evaluating their duration and depth. While temporary spikes in commodity prices can be looked through if policymakers believe their effects will fade, persistent increases in energy costs are more likely to permeate through the economy and affect inflation expectations, forcing a policy response. Under that circumstance, the Bank of Canada may be compelled to raise its policy rate despite domestic weaknesses, creating a stagflationary economic backdrop. Thus far, the Bank has held its policy rate since the outset of the Iran conflict, as inflation has not (yet) spiked to projected levels. However, should subsequent CPI prints show rapid price acceleration, the Bank would be largely cornered into responding with tighter policy to quell further inflation.

That said, we do expect the Bank to look through this supply shock and hold its policy rate at 2.25 per cent this year. However, if growth and inflation follow the Bank’s current outlook, we anticipate the policy rate will rise back to the midpoint of the Bank’s neutral range, 2.75 per cent, by the end of 2027.

"Copyright British Columbia Real Estate Association. Reprinted with permission."

Living on Kootenay Lake: A Waterfront Lifestyle That Redefines Everyday Living

Wed, 20 May 2026 20:11:08 GMT

There are places where you visit for a weekend… and then there are places that quietly change how you want to live.

Kootenay Lake is firmly in the second category.

Stretching through the Selkirk and Purcell mountain ranges in British Columbia’s West Kootenays, the lake offers something increasingly rare: true waterfront living surrounded by recreation, community, and space to breathe.

For many buyers—especially those stepping into the next chapter of life—it’s not just a location. It’s a reset.

Waterfront Living That Becomes Your Default Setting

Life on Kootenay Lake isn’t about “going to the water.”
The water becomes part of your daily backdrop.

Morning coffee with glassy lake reflections.
Evening light bouncing off the mountains.
Boats drifting past your shoreline.
Quiet beaches just steps from your door.

This is the kind of environment that doesn’t need scheduling—it simply exists around you.

A Region Built Around Outdoor Access

One of the defining advantages of living on the lake is how close everything is, without feeling crowded.

Within a short drive you have access to:

Championship mountain golf courses including Granite Pointe and Kokanee Springs
World-class skiing at Whitewater Ski Resort and Red Mountain
Backcountry skiing and cat-skiing operations in the surrounding ranges
Some of the most productive freshwater fishing in British Columbia
Endless hiking trails, ridge walks, and alpine lakes
A growing, nationally recognized mountain biking scene around Nelson and the Slocan Valley

The key isn’t that everything is available every day of the year—it’s that everything is close enough to become part of your lifestyle rhythm whenever the season calls for it.

A Four-Season Lifestyle That Feels Effortless

What surprises most people who move here isn’t any single activity—it’s the ease of access.

Summer is for boating, swimming, paddleboarding, and long evenings on the dock.
Fall brings quieter trails, crisp mornings, and some of the most dramatic colour changes in the province.
Winter turns the region into a ski and snowboarding destination with deep snow and short lift lines.
Spring is a reset—hiking lower elevations, watching the lake rise, and preparing for another lake season.

Each season feels distinct, but none feel disconnected from the lifestyle.

Why Waterfront Homes Here Are Different

A waterfront home on Kootenay Lake isn’t just about property ownership—it’s about positioning your life in the landscape.

You’re not looking at water from a distance.
You’re living with it as your foreground.

That changes how people use their time:

More time outside
More time with family and friends
Less time in transit
Less separation between “home” and “recreation”

It becomes normal to finish dinner and walk to the shoreline instead of turning on a screen.

A Place People Don’t Just Retire To — They Arrive Early

While many communities appeal to retirees, Kootenay Lake has become especially attractive to those who don’t want to wait.

Early retirees, remote professionals, and lifestyle-driven buyers are choosing to move while they still have energy to fully use what the region offers.

Because the real value here isn’t just the property—it’s the years of life lived differently because of it.

The Real Selling Point

It’s easy to list amenities. Golf, skiing, fishing, hiking, biking—this region has them all within reach.

But the real story is simpler:

On Kootenay Lake, your everyday environment feels like somewhere people usually go on vacation.

And eventually, that changes what you think a “normal life” should look like.

Downsizing in BC: A Strategic Move, Not a Step Back

Wed, 20 May 2026 19:53:50 GMT

For many homeowners in British Columbia, downsizing isn’t about giving something up—it’s about gaining flexibility, reducing costs, and aligning housing with lifestyle.

Why Downsizing is Gaining Momentum

Several factors are driving downsizing across BC:

High property values: Many long-time homeowners are sitting on significant equity, particularly in markets like Nelson, Victoria, and the Lower Mainland.
Rising carrying costs: Property taxes, insurance, utilities, and maintenance have all increased.
Lifestyle shifts: Less space often means less upkeep and more freedom to travel or pursue hobbies.

Financial Considerations

Downsizing can unlock capital, but the math isn’t always as straightforward as expected:

Transaction costs: Realtor fees, legal fees, and moving costs can add up.
Property Transfer Tax (PTT): Unless you qualify for an exemption, this is a significant cost when buying your next property.
Strata fees: Moving into a condo or townhouse introduces monthly fees that may offset some savings.

A detailed net sheet before making a move is essential.

Market Reality in BC

Inventory at the lower price points—where downsizers often land—can be tight. This creates competition not just from other downsizers, but also from first-time buyers and investors.

Common Downsizing Mistakes

Waiting too long: Health or mobility issues can force rushed decisions.
Underestimating emotional attachment: Letting go of a long-time home can be harder than expected.
Buying too small: Storage, hobbies, and visiting family still need space.

Strategic Approach

The most successful downsizers treat the move like a portfolio shift:

Define lifestyle goals first
Run the financial numbers carefully
Time the sale and purchase strategically to minimize risk

Done right, downsizing is less about reducing space and more about optimizing how you live.

BCREA Market Update May 2026

Wed, 20 May 2026 18:53:08 GMT

New property listed in Slocan

Tue, 05 May 2026 10:07:21 GMT

I have listed a new property at 6 Highway in Slocan. See details here

Set on 5.26 acres of heavily treed land above Slocan Lake, this property offers a rare opportunity to own a private slice of the countryside. The dense forest creates a peaceful, secluded setting—ideal for those looking to escape the noise and build something truly their own. With no services currently in place, the land is a blank canvas for your vision. Whether you’re planning an off-grid retreat, a future home, or simply a recreational getaway, the possibilities here are wide open. The size and density of the property provide excellent privacy, while still leaving room to selectively clear space for building, trails, or gardens. Conveniently located near the welcoming communities of Slocan, Silverton, and New Denver, you’ll have easy access to local amenities while still enjoying the quiet of rural living. Nature lovers will appreciate the sense of immersion—this is a place where you can step outside and feel completely surrounded by the landscape. Bring your ideas and create your own rural sanctuary. (id:2493)

New property listed in Balfour

Sat, 02 May 2026 09:48:40 GMT

I have listed a new property at 8350 BUSK Road in Balfour. See details here

Wake up to the stillness of the lake, coffee in hand, as bald eagles glide past your deck and the morning light stretches across Kootenay Lake. This is the kind of everyday experience that never gets old—and it’s waiting for you here. Set on the waterfront in sought-after Balfour, this thoughtfully maintained home offers an ideal blend of comfort, flexibility, and lifestyle. The main level features 3 bedrooms and 2 bathrooms, designed for easy living whether you're hosting family or settling into retirement. Downstairs, a self-contained 1-bedroom suite opens the door to rental income, extended family living, or a private guest retreat. Outside, the property really delivers. The dock invites you to get out on the water at a moment’s notice, while the RV pad with electrical hookup makes hosting visitors effortless. There’s covered parking with a double carport, plus a dedicated workshop for projects, storage, or hobbies. Comfort is handled year-round with an efficient heat pump providing both heating and cooling, and the meticulous upkeep of the home is evident throughout—this is a property you can simply move into and enjoy. Location ties it all together. Just minutes from golf, world-class fishing, and Balfour’s popular pickleball courts, this is an easy choice for those looking to embrace an active, lakeside lifestyle without sacrificing affordability. Waterfront living in the Kootenays doesn’t have to be a dream—this is your opportunity to make it reality. (id:2493)

New property listed in Nelson

Tue, 14 Apr 2026 09:55:02 GMT

I have listed a new property at 804 Eighth Street in Nelson. See details here

Perched on a rare, flat 70 x 110 corner lot, this property captures sweeping views of the city, lake, and surrounding mountains—an increasingly hard-to-find combination in Nelson. Whether you’re looking for a smart investment, a holding property, or a future build site, this one checks all the boxes. The home itself is a charming and well-maintained 2 bedroom, 1 bathroom residence with tasteful updates throughout. Bright and inviting, it offers excellent natural light and a comfortable, functional layout. Currently tenanted, it provides immediate income while you plan your next move. Outside, the property truly shines. The level lot opens the door to easier development potential, while the rear alley access adds flexibility for future design, parking, or additional structures. A small garage adds convenience and storage. Corner lots with this kind of exposure, usability, and views are few and far between. Live in, rent out, or reimagine—this is a prime opportunity to secure a standout piece of Nelson real estate with serious upside. (id:2493)

New property listed in Winlaw

Fri, 03 Apr 2026 09:53:33 GMT

I have listed a new property at 7467 ST THOMAS Road in Winlaw. See details here

Privacy is never underrated so this hidden gem in the Slocan Valley offers so much for those looking for peace in this hectic world. Welcome to 7467 St Thomas Road in Appledale. This property in total is 13.1 acres with most of it being covered by a healthy Kootenay mix of trees. The semi split level house, constructed in the late 1970s through the 80s, is just under 1,700 square feet and in its current setup is a 1 bed, 2 bath. Reconfiguration is possible to allow for additional bedrooms if desired. The kitchen and living areas are wide open with a ton of windows that help bring the outdoors in. The outside is what really brings this place to life. 360 degrees of covered and open deck allows for many ways to relax during the day. An additional building is also located on site. Measuring roughly 34x20 feet in size, the building is split into 2 sections; half being traditional shop with a garage door and the other being finished rooms that would make for an excellent studio or more. Close to Valley View Golf Course, The Slocan River, Walking Trails and much, much more. So book your showing today to see what peaceful privacy really feels like. (id:2493)

New property listed in Nelson

Fri, 20 Mar 2026 10:17:41 GMT

I have listed a new property at 2801 HARLOW Road in Nelson. See details here

A rare opportunity to own a never-lived-in, high-performance home just 11 minutes from Nelson—offering the quality and efficiency of a custom build without the time, cost, or uncertainty. Built well beyond typical standards, this home delivers exceptional durability, quiet comfort, and energy efficiency, with 9-foot vaulted ceilings and eight large south-facing windows that fill the space with natural light. With 5 bedrooms and 3.5 bathrooms, the layout is both functional and flexible, including a separately metered lower level with two bedrooms, a full bath, and plumbing in place for a potential suite—ideal for income or extended family. Thoughtfully constructed with Douglas fir posts and beams, Hardie board siding, polished concrete floors, and quality finishes throughout, this home is designed for long-term performance. The kitchen and bathrooms feature timeless shaker cabinetry and quartz countertops, while the primary ensuite offers a soaker tub, walk-in shower, double vanity, and heated floor. A strong-producing private well (approx. 40 GPM), Step Code 4 construction, and a full 2-5-10 home warranty provide lasting peace of mind. Set in a quiet, private location just minutes from the lake, golf, fishing, and hiking, this fully completed home is ready for immediate possession and represents a compelling alternative to building in today’s market. (id:2493)

New property listed in Nelson

Thu, 13 Nov 2025 09:17:13 GMT

I have listed a new property at 493 Richards Street West in Nelson. See details here

Fantastic opportunity in Rosemont! This well-cared-for half duplex has been meticulously maintained by the original owners and features recent updates including a new roof and furnace. Located near Granite Pointe Golf Course and Art Gibbon Memorial Park, you’ll enjoy trails, the skateboard and bike parks, disc golf, playground, and the Storybook Walk just steps away. The main level offers a bright living room with a cozy gas fireplace, kitchen, dining area, bedroom, and full bath. Upstairs are two bedrooms and another full bath. The lower level includes a family room, office, storage, and a workshop with half bath. Close to Rosemont Elementary, Selkirk College, and local amenities, this home delivers comfort, convenience, and community. Whether you’re downsizing, purchasing your first home, or making a savvy investment, this half duplex offers great bones, a versatile layout, and an unbeatable Rosemont location — and is in move in ready condition. (id:2493)

New property listed in Nelson

Tue, 09 Sep 2025 09:19:28 GMT

I have listed a new property at 410 Fifth Street in Nelson. See details here

This 5-bedroom, 3.5-bath contemporary home offers exceptional value and versatility—ideal for growing families or multi-generational living. With flexible living across two levels and the benefits of modern construction, it’s designed for comfort, efficiency, and lifestyle adaptability. The main floor features bright, open-concept living areas with wood and tile floors, a cozy gas fireplace, skylights, and vaulted ceilings. The kitchen is appointed with solid oak cabinetry and flows seamlessly into the dining and living spaces. Three bedrooms are located on this level, including a spacious primary suite with a 3-piece ensuite, double closets, and private access to the deck. A 4-piece family bathroom, laundry room, and attached double garage complete the main floor. The lower walkout level includes a 4th bedroom, 2-piece bathroom, and a large family room—plus an independent 1-bedroom suite, perfect for extended family, guests, or rental income. Exterior features include low-maintenance brick and stucco siding, a paved driveway, in-ground sprinklers, and an expansive deck overlooking a landscaped backyard. (id:2493)

New property listed in Nelson

Tue, 09 Sep 2025 09:19:28 GMT

I have listed a new property at 104 1901 CHOQUETTE Avenue in Nelson. See details here

This Granite Pointe townhome is a fantastic opportunity for buyers looking to invest in a well-located home with great bones. It requires cosmetic updates — including new carpets, paint, and countertops — but the potential is clear. Located beside Granite Pointe Golf Course and adjacent to Art Gibbon Memorial Park, the home enjoys exceptional access to outdoor recreation. The park features forested trails, a world-class skateboard park, Nelson Bike Park, 9-hole disc golf, playground, adaptive paved paths, and the Storybook Walk — all steps from your deck. Inside, timber frame accents, slate and hardwood flooring, and a gas fireplace add warmth and charm. The main level includes a vaulted living room, kitchen with maple cabinetry, dining area, pantry, and a half bath. A 200 sq ft deck off the dining area overlooks the park. Upstairs, a bright open loft provides space for an office or studio. Downstairs includes three bedrooms — the primary with ensuite — plus a second full bath. Two parking spots and proximity to schools, trails, and Rosemont amenities round out this excellent value. Whether you’re a homeowner looking to personalize or an investor seeking upside, this townhome delivers location, layout, and lifestyle — with room to make it your own. (id:2493)

New property listed in Nelson

Tue, 09 Sep 2025 09:19:28 GMT

I have listed a new property at 3433 6 Highway in Nelson. See details here

Kootenay Lifestyle + Income Potential—Minutes from Nelson Set on 5 unzoned acres just south of Nelson City Limits, this unique property offers the ultimate live-work-play setup—with four rental units, a beautiful main home, and exciting potential as a mountain bike or ski accommodation. The spacious 3-bed, 3-bath home is bright and modern, with an office, family room, and plenty of space for guests. Step outside to a heated pool, hot tub, and room to unwind after big adventure days. Four rentals—including a duplexed cabin—generate steady income, while a detached workshop and ample parking support gear, guests, or business plans. With world-class biking and skiing nearby, this is the perfect base for a lifestyle business, retreat, or personal playground. No zoning. Endless options. Build the life you’ve imagined. Book your showing today. (id:2493)

New property listed in Nelson

Tue, 09 Sep 2025 09:19:27 GMT

I have listed a new property at 601 VALHALLA Road in Nelson. See details here

Development Potential. This 4.35-acre property is positioned adjacent to the vibrant City of Nelson. Offering stunning views of City beach and the iconic bridge, this unique parcel is primed for future development. This charming 100-year-old farmhouse, which has been lovingly maintained by the same family for 80 years, boasts a wrap-around deck and updated bathrooms, offering a rich history and a unique character that cannot be replicated. Additionally, a comfortable 2-bedroom mobile home provides functional living space or rental potential, and a cozy 580 sq. ft. cabin offers an intimate retreat. With its strategic location and immediate rental income opportunities, this property is perfect for developers, investors, or families seeking a spacious and private retreat with the convenience of city proximity. Don't miss out on this exceptional opportunity to own a piece of Nelsons future. Prospective buyers are encouraged to consider the potential for development to fully realize the value of this unique property. (id:2493)

Welcome to the Real Estate Blog

Fri, 05 Sep 2025 22:30:56 GMT

Welcome to our Real Estate Blog! Here you can find timely updates of my latest properties, open houses, just solds and much more.

Whether you are interested in buying or selling real estate, I am here to help guide you every step of the way.

If you have any questions about real estate from home evaluations to mortgages to searching for properties in your area, don't hesitate to contact me today!