Residential Real Estate

Comparison of Average Cost for Standard Homes in Selected Cities (Q1 – 2009)

Location Type of Home
Executive Bungalow Townhouse Condominium
Penticton* 441,000 342,000 272,000 187,000
Kelowna 425,000 340,000 270,000 180,000
Victoria 570,000 453,000 350,000 260,000
Surrey 445,000 390,000 290,000 189,000
Richmond 601,500 470,000 333,000 215,600
West Vancouver 1,090,000 880,000 670,000 400,000
Calgary – North West 452,300 376,100 288,800 251,300
Edmonton – Sherwood Park 420,000 300,000 250,000 300,000
Regina – South 385,000 295,000 277,000 196,500
Winnipeg – Charleswood 338,000 240,000 158,000 145,000
Ottawa – Kanata 364,000 310,000 244,000 185,000
Toronto – Markham 475,000 410,000 300,000 250,000
Montreal – Cote-St-Luc 470,000 239,000 225,000 229,000

Source: Royal LePage *estimates by EDS, Penticton

Definitions

Bungalow: A detached 3-bedroom single storey house with 1.5 bathrooms, 1-car garage. Full basement but no recreation room, fireplace. Total area of house is 1200 sq.ft., full service 5500 sq.ft. lot.

Executive: A detached 2-storey, 4-bedroom home with 2.5 bathrooms, a main floor family room, 1 fireplace, and an attached 2-car garage. Full basement but not recreation room. Total area of house is 2000 sq.ft. on a full-service 6500 sq.ft. lot.

Condominium: A 2-bedroom apartment with living room, dining room (may be combined), kitchen, 1.5 bathrooms, small balcony, 1 parking space with a total living area of 900 sq.ft.

Townhouse: Condominium or freehold. 3-bedrooms, 1.5 baths, living room, dining room (may be combined), kitchen, 1-car garage, full unfinished basement. Total area 1000 sq. ft.


Real Estate -

Residential listings in the South Okanagan in 2010 to date continue to be higher than during the same period last year.

Housing Starts in Penticton

Source: City of Penticton

New residents moving into the Penticton area are generally seeking a better quality of life, away from colder and wetter climates and to escape congestion of the larger urban centers.

There are many adult oriented housing and condominium developments available. Penticton’s housing prices, when compared to other cities across Canada, remain competitive.

There are 19,410 occupied private dwellings in the greater Penticton area (Census 2006). There is an average  of 2.2 persons per household which is lower than the provincial average, due primarily to the higher than normal retirement and senior population.

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Canadian Real Estate Association | Commercial Real Estate Listings
www.icx.ca

Real Estate Listings
The Canadian Real Estate Association hosts a multiple listing service of real estate online: www.mls.ca

Penticton Realtors

COLDWELL BANKER OKANAGAN REALTY
101-1873 Main Street
Penticton, BC V2A 5H2
Phone: 250.492.2911, Fax: 250.492.2878
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HOMETIME REALTY
101 – 3547 Skaha Lake Road
Penticton, BC V2A 7K2
Phone: 250.770.1948, Fax: 250.770.8348

RE/MAX PENTICTON REALTY
101-3115 Skaha Lake Road
Penticton, BC V2A 6G5
Phone: 250.492.2266, Fax: 250.492.3005
Toll Free: 1.800.652.6246
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www.remax-pentictonbc.com

RE/MAX FRONT STREET REALTY
2 Front Street
Penticton, BC V2A 1H1
Phone: 250.492.2233, Fax: 250.490.0226
Toll Free: 1-866-44-REMAX
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www.frontstreetrealty.net

REALTY EXECUTIVES PENTICTON
280 Main Street
Penticton, BC V2A 5B2
Phone: 250.493.4372, Fax: 250.493.4376
Toll Free: 1.866.493.4372
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ROYAL LEPAGE LOCATIONS WEST REALTY
484 Main Street
Penticton, BC V2A 5C5
Phone: 250.493.2244, Fax: 250.492.6640
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www.royallepage.ca/penticton

SUTTON POWER 1 REALTY
543 Martin Street
PENTICTON, BC, British Columbia   V2A 5L5
Telephone: 487-0001
Fax: 487-4005
http://www.suttonpower1.com/realty/
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