New property listed in Windermere

I have listed a new property at 2160 KOOTENAY 3 ROAD in Windermere. See details here

A mountain lovers dream; this property features stunning views from every room! Built to the highest degree, this home is net zero ready, offering the perfect balance of the best structural and energy efficient products with luxurious finishes through out. At first glance you will be blown away by the sizable windows offering impeccable views down the valley to the Fairmont Mountain Range. The kitchen, dining and living space flow seamlessly to the outside surroundings, the large patio is ready to host your family and dinner parties and is ready for your creativity to complete an outdoor kitchen, hot tub or lounging space. The butler pantry can tuck away all of your kitchen needs and offers a great prep space. The fireplace is a masterpiece in the living room, and there is also the built in cabinetry that features a lift for your TV. The master bedroom is a true delight, the spacious retreat offers a walk in closet and stunning ensuite with soaker tub. The main level also features a second bedroom or office space, full bathroom, laundry room and mudroom connecting the garage to the main space but keeping everything tucked away nicely. Downstairs offers another gathering space with a walkout, there are 3 more bedrooms, another full bathroom and a flex space that could be converted into a theatre space, home gym or perhaps an in home spa. With 5 acres there are so many ways to occupy this property, it is minutes to town but feels like you are so privately tucked away. It's the perfect escape from your daily or city life (id:2493)


New property listed in Radium Hot Springs

I have listed a new property at 512B 500 BIGHORN BOULEVARD in Radium Hot Springs. See details here

Vacations made easy with your own fractional share at the desirable Bighorn Meadows Resort in Radium Hot Springs. This is the BEST PRICED 1/4 share in the complex and is also a great unit that is very close to the pool! Whether you are unwinding after an afternoon on the course or letting the kids run out the back door to the park this is the perfect spot! Your fractional ownership is a maintenance free way to enjoy a piece of paradise. Your monthly fees cover all maintenance inside and out and if you cant use your weeks you can put them into the rental pool through the resort. There are still summer weeks that you can start to enjoy right away! Take advantage of this offering today as it wont last! (id:2493)


New property listed in Invermere

I have listed a new property at 2308 205 THIRD AVENUE in Invermere. See details here

Welcome to 2308 205 Third Avenue, a charming third-floor unit in the highly sought-after Lake Windermere Pointe complex. This inviting 2-bedroom, 1-bathroom condo boasts a spacious open floor plan perfect for entertaining or relaxing. The large east-facing patio offers stunning mountain views and a peek at Lake Windermere, providing a serene backdrop for your morning coffee or evening unwind. Residents of Lake Windermere Pointe enjoy an array of top-notch amenities, including an outdoor pool, hot tubs, a common recreation room, and a fully equipped gym. This unit also includes the convenience of one underground parking stall and ample guest parking. Located just steps from James Chabot Beach and Provincial Park, and within walking distance to town, this home is ideally situated for those who love outdoor adventures. Whether you're hitting the slopes at Panorama Ski Resort, just 20 minutes away, or exploring the nearby hiking and mountain biking trails, this condo is the perfect base for all your activities. Experience the perfect blend of comfort, convenience, and natural beauty at 2308 205 Third Avenue. (id:2493)


Essential Information for Buyers Considering Property in the ALR

Understanding the ALR

The Agricultural Land Reserve (ALR) in British Columbia is a provincial zone where agriculture is the primary use. Established to protect valuable farmland from urban development, it spans over 4.6 million hectares. Managed by the Agricultural Land Commission (ALC), the ALR prioritizes agricultural activities and restricts non-farm uses.

Key Regulations and Policies

  1. Residential Use:

    • Primary Residences: You can build a primary residence but must adhere to size restrictions. Additional residences, like homes for family members or farm workers, require ALC approval.

    • Non-Adhering Residential Uses: Applications for non-standard residential uses must meet specific criteria outlined by the ALC.

  2. Agricultural Structures:

    • Farm Buildings: Structures necessary for farming, such as barns and greenhouses, are allowed but must comply with local bylaws and ALC guidelines.

  3. Soil and Fill Management:

    • Soil and Fill Regulations: The placement of fill and removal of soil are regulated to prevent land degradation. Activities often require a Notice of Intent to be submitted to the ALC.

  4. Land Use Policies:

    • Farm Product Processing: The processing of farm products is permitted under specific conditions to support agricultural activities.

    • Non-Farm Use: Commercial and industrial uses related to farming require ALC approval to ensure they do not interfere with agricultural operations.

  5. Subdivision Rules:

    • Subdividing Land: Subdividing ALR land is tightly controlled to prevent fragmentation. Approval from the ALC is necessary and typically granted only under specific conditions.

Compliance and Enforcement

The ALC has a robust compliance and enforcement framework to ensure regulations are followed. Appeals can be made against orders or penalties issued by the ALC under established guidelines.

Practical Considerations

  1. Zoning and Local Bylaws: Always check local government zoning bylaws and how they interact with ALC regulations. Some local bylaws may impose additional restrictions.

  2. Long-Term Commitment: Purchasing property in the ALR is a long-term commitment to preserving agricultural land. Ensure you understand the obligations and limitations before buying.

  3. Professional Advice: Consider seeking advice from a real estate professional familiar with ALR regulations and a legal expert to navigate the complexities of owning and developing ALR land.


Buying property in the ALR can be a rewarding investment for those committed to agriculture. Understanding the regulations and policies is crucial for ensuring compliance and making the most of your investment. For detailed information, visit the ALC Act and ALR Regulations page​ (PALC-GovBC)​​ (PALC-GovBC)​.

By being informed and prepared, you can make a sound investment that supports BC's agricultural heritage.


New property listed in Invermere

I have listed a new property at 769 WESTRIDGE DRIVE in Invermere. See details here

This great family home located in the desirable neighborhood of Westridge is a stone's throw away from downtown, all of the schools, and the beach, offering the perfect blend of convenience and privacy. Step inside to discover the main floor is designed for seamless living and entertaining. It features a generous living room with fireplace and dining area, perfect for hosting the holidays or enjoying quiet evenings. The heart of this home is the open-plan kitchen, which flows effortlessly into the family room with a beautiful wood fireplace! This inviting space offers large windows and opens out to a large deck, overlooking a large, backyard, offering an idyllic outdoor oasis for leisure and entertainment. Three spacious bedrooms on the upper level each bathed in natural light, provide a private space for everyone. The master bedroom is a highlight, offering a large ensuite with steam shower and soaker tub and a spacious walk-in closet. The versatility of this home extends to the basement, which offers 2 additional bedrooms and a den. It includes a full bathroom, a sizable rec room currently set up as a theatre room! Completing this magnificent property is the garage, which provides ample storage space and can organize your lifestyle needs. (id:2493)


New property listed in Radium Hot Springs

I have listed a new property at 405 4874 STANLEY STREET in Radium Hot Springs. See details here

Welcome to 405 4874 Stanley Street, a beautifully updated top-floor condo in the heart of Radium Hot Springs. This bright and inviting unit features 2 spacious bedrooms, including a master with a walk-through closet leading to a full ensuite bathroom, plus an additional full bathroom. Recent upgrades include new vinyl plank flooring in the living room and dining area, plush new carpets in the bedrooms, and modern blinds throughout, including rechargeable electronic blackout blinds in the bedrooms. The unit has been repainted, with new trim and built-in shelving added to the alcove and bathrooms. From your private patio, enjoy breathtaking views of the mountains and valley stretching for miles. This condo comes with a tandem underground parking spot for 2 vehicles. Located within walking distance of Radium Hot Springs' main street, you'll have easy access to the park, public library, and The Springs Golf Course. Embrace the mountain lifestyle with nearby hiking, biking, golfing, skiing, and the famous Radium Hot Springs just steps away. (id:2493)


Understanding the Current Interest Rates in Canada: Forecast and Impact on the Housing Market

The interest rates in Canada play a pivotal role in shaping the housing market dynamics. As we navigate through 2024, understanding the current interest rates and their forecast is crucial for both buyers and sellers. Let’s delve into the current landscape of interest rates in Canada, the forecasts, and what it means for the housing market.

Current Interest Rates in Canada

As of mid-2024, the Bank of Canada (BoC) has maintained its key interest rate at 4.75%. This decision comes after a series of rate hikes in 2023 aimed at curbing inflation, which saw rates rise from a historic low of 0.25% in 2021. The BoC's approach has been to balance economic growth while keeping inflation in check, a challenging task given the global economic uncertainties.

Forecast for Interest Rates

Economists and market analysts predict a steady stance from the BoC for the remainder of 2024, with potential for gradual decreases in 2025 if inflation shows consistent signs of slowing. The consensus is that the BoC will maintain its cautious approach, ensuring that inflation targets are met before making any significant rate cuts. This forecast is supported by the need to stabilize the economy and avoid overheating, which could lead to another inflation surge.

Impact on the Housing Market

The current interest rate environment has several implications for the housing market:

  1. Mortgage Rates and Affordability Higher interest rates have directly impacted mortgage rates, making borrowing more expensive. This has led to higher monthly payments for new buyers and those renewing their mortgages. Consequently, housing affordability has become a pressing issue, particularly in major urban centers like Toronto and Vancouver, where home prices are already high.

  2. Buyer Behavior With higher borrowing costs, many potential buyers are adopting a wait-and-see approach, hoping for rate cuts in the near future. This has led to a slight cooling in market activity, with fewer transactions and longer times on market for listings. Buyers are becoming more discerning, focusing on properties that offer the best value and long-term potential.

  3. Seller Strategies Sellers are also feeling the impact of higher rates. To attract buyers, many are adjusting their pricing strategies, offering incentives, or being more open to negotiations. The days of quick sales at above-asking prices are less common, and a more balanced market is emerging.

  4. Investor Considerations For real estate investors, the higher interest rates mean increased costs for financing new properties. However, rental demand remains robust, providing an opportunity for steady income streams. Investors are looking for properties with strong rental potential to offset higher mortgage payments.

Future Outlook

While the current interest rate environment poses challenges, it also presents opportunities. For buyers, a cooler market means less competition and potential for better deals. For sellers, realistic pricing and attractive property features can still lead to successful transactions. For investors, focusing on rental properties in high-demand areas can yield stable returns.

As we move forward, staying informed about interest rate trends and market conditions will be key. Whether you’re buying, selling, or investing, understanding the broader economic landscape will help you make informed decisions and navigate the complexities of the real estate market.

At Sherlock Homes Real Estate Team, RE/MAX Invermere, we’re committed to guiding you through these times with expert advice and personalized service. If you have any questions about how the current interest rates affect your real estate plans, feel free to reach out. We're here to help you make the most informed and strategic decisions.


May 2024 Real Estate Summary: Kootenay’s Vibrant Market Dynamics

As we move into June 2024, the Kootenay real estate market continues to exhibit dynamic trends, providing ample opportunities for buyers and sellers alike. Here’s a snapshot of the market’s performance this past month:

Increased Listings and Market Confidence

The market saw a modest yet significant increase in new listings, with 129 properties entering the market, a 3.20% rise from the previous year. This steady growth indicates sustained confidence among sellers, offering a diverse array of options for buyers eager to find their ideal summer homes.

Rising Prices Highlight Market Strength

The average list price climbed by 5.80% to $614,997, while the average sale price rose 6.75% to $590,269. These increases reflect the region's continued attractiveness and robust investment potential, affirming the high value placed on properties in the Kootenay area.

Healthy Sales Activity

Sold listings increased by 11.54%, totaling 58 properties. Despite this, the average days on market rose by 15.19% to 74.66 days, suggesting a balanced market where buyers are actively seeking properties but taking their time to make informed decisions.

Strategic Pricing and Negotiation

The average percent of selling price to list price saw a slight uptick to 95.93%. This suggests that sellers can still achieve near-asking prices, provided they employ strategic pricing and effective marketing.

Expanding Inventory and Market Balance

Inventory levels increased by 11.23%, with 416 homes available for sale, contributing to a more balanced market. The months’ supply of inventory also rose to 10.19, indicating a stable environment that benefits both buyers and sellers by offering more choices and reducing price pressure.

Regional Highlights

Each area within the Kootenay region showcased unique market activities: Canal Flats saw a significant influx of new listings, Invermere continued to attract interest in higher-valued properties, and Radium demonstrated balanced market dynamics. These regional variations provide tailored opportunities for both buyers and sellers.

June 2024 in the Kootenay real estate market presents a vibrant and promising landscape. For those looking to buy or sell, leveraging detailed market insights and expert guidance is essential. The Sherlock Homes Real Estate Team at RE/MAX Invermere is here to support your real estate journey, ensuring you navigate the market with confidence and success.

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