Record home sales in valley

soldResidential sales in the Okanagan region hit an all-time high in April.

A total of 1,069 residential units sold, up 34.3 per cent from the same month last year, reports the Okanagan Mainline Real Estate Board. The previous record was 1,015 unit sales recorded in May 2007.

“Housing demand in the Okanagan is exceptionally strong this spring,” said Anthony Bastiaanssen, OMREB president. “In addition to an increase in the number of local buyers, relocations from the Lower Mainland and other regions of Canada are becoming increasingly common.”

The average residential price was up 13.4 per cent to $459,595 compared to April 2015. The dollar volume of residential sales climbed 52.3 per cent to $491.3 million compared to April of last year.

“Record consumer demand combined with the fewest active residential listings since 2007 has created sellers’ market conditions in many neighbourhoods and across most home types,” added Bastiaanssen. “This imbalance is leading to upward pressure on home prices in the region.”

The biggest hike in sales was in the central zone, from Peachland to Lake Country, including Kelowna.

Figures show transactions of all property types jumped.

Total residential sales for the month were up 39.9 per cent to 743 units compared year ago levels. The sale of single family homes increased 31.2 per cent to 383 units over the same period.

The north zone, from Predator Ridge to Enderby, also saw a big jump in residential sales in April.

Figures show a 28.6 per cent increase to 243 units, while single family home sales were up 39.2 per cent to 142 units compared to the same time last year.

The only dip in sales is reported in the Shuswap-Revelstoke zone.

While the OMREB reports that sales activity for all property types climbed last month, total residential unit sales edged back just over one per cent to 86 units compared to the same period in April 2015. Single family homes sales in that region increased 13.3 per cent to 51 units.

On Castanet by Kate Bouey – May 9, 2016 / 1:10 pm

 

PGA Volunteer Recruitment Registration

Golf BC Championship

If you haven’t already heard, Gallagher’s Canyon is the new home of the GolfBC Championship, Mackenzie Tour PGA TOUR Canada event. This tournament, sponsored by GolfBC, features players from around the world who will compete for a share of the $175,000 purse. Additionally, the net proceeds from the event will go to local charities, primarily the B.C. Cancer Foundation. What a wonderful way to showcase our fantastic golf course and the Gallagher’s Canyon community.

GolfBC is the title sponsor of the event. The Mackenzie Tour, run by the PGA tour, is the successor to the old Canadian professional golf tour. It offers young players and stars of the future an opportunity to ascend the ladder of their professional golf careers getting them closer to the biggest stage in the world, the PGA Tour. This is a great opportunity to watch firsthand, some amazing golf and raise money for the lifesaving research of the B.C. Cancer Foundation.

People are already excited about the tournament and are offering to help wherever needed there are a variety of positions available. It is wonderful to see such enthusiasm and we really want you to be part of it. To volunteer or caddie, please CLICK either of the links below.

If you have suggestions, questions or concerns, please respond to this email at GCVolunteers300@gmail.com . The event promises to be a lot of fun and a great way to show off what we enjoy every day here at Gallagher’s.

Your GolfBC Championship Volunteer Team

Kelowna lands PGA Tour Canada event – GolfBC title sponsor of new event at Gallagher’s Canyon – By Brad Ziemer, Vancouver Sun February 4, 2016

glf van sun
Summerland native Greg Machtaler, who now lives in Kelowna, will get the first sponsor’s exemption to the newly announced GolfBC Championship.
Photograph by: ian lindsay , Vancouver Sun

VANCOUVER — Long an integral part of British Columbia’s rich golfing landscape, the Okanagan Valley now has its own professional tournament.

The Mackenzie Tour-PGA Tour Canada announced a deal today with GolfBC, this province’s largest golf course operator, to bring an event to Kelowna in June.

The inaugural GolfBC Championship will be held June 9-12 at Gallagher’s Canyon, a highly regarded GolfBC facility that is no stranger to tournament golf.

Vancouver’s Doug Roxburgh won the last of his four Canadian Amateur championships at Gallagher’s way back in 1988.

The GolfBC Championship, which will offer a purse of $175,000, gives British Columbia three of the 12 events on the 2016 Mackenzie Tour-PGA Tour Canada schedule.

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The season tees off May 26-29 with the Freedom 55 Financial Open at Point Grey Golf & Country Club in Vancouver before heading to Victoria for the Bayview Place Island Savings Open at Uplands Golf Club. The new Kelowna event will complete the B.C. portion of the schedule.

PGA Tour Canada president Jeff Monday said the tour has been looking to put an event in the Kelowna area for the past couple of years.

“When we first launched PGA Tour Canada in 2013 and in talking with players I kept hearing, it would be great to get a tournament in Kelowna,” Monday said.

After considerable discussions with civic and business leaders, the tour struck a deal with GolfBC last month and made it official with today’s announcement at a snow-covered Gallagher’s Canyon.

GolfBC is stepping up in a big way, becoming title sponsor and also supplying the course for the event.

“Hosting an event like this has always been an ambition of GolfBC and working with the PGA Tour, it seemed a perfect fit for this area,” said Andy Hedley, GolfBC’s vice-president of operations.

Gallagher’s Canyon is one of three Kelowna courses owned by GolfBC. It also owns the 36-hole Okanagan Golf Club. Its other B.C, properties include Mayfair Lakes in Richmond, Furry Creek near Britannia Beach, Nicklaus North in Whistler, Olympic View in Victoria and Arbutus Ridge in Cobble Hill on Vancouver Island. The company also owns the three Wailea courses on the Hawaiian island of Maui.

Summerland native Greg Machtaler, who now resides in Kelowna, was given the first sponsor’s exemption into the new Kelowna event.

“For me, living and working in the Okanagan, it’s a bit of a dream come true, to see a high-level event come to my adopted hometown,” said Machtaler, who won a PGA Tour Canada event in 2014. “It’s a great opportunity and I am really looking forward to it.”

The B.C. Cancer Foundation will be the tournament’s charitable beneficiary.

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