All Blog Entries by Dave Kotler

Kelowna’s world-class wineries may have earned this stunning city notoriety, but its lesser-known but equally innovative distilleries also have a lot to offer. From Urban Distilleries & Winery's award-winning spirits to Okanagan Spirits Craft Distillery's dedication to local ingredients, each distillery offers a unique experience. Forbidden Spirits Distilling Co. takes a creative twist with apple-based concoctions. Discover Kelowna’s top best distilleries and the stories behind their craft that make each spot unique.

Highlights of Kelowna Distilleries

• Urban Distilleries & Winery offers award-winning spirits and engaging tasting experiences with a focus on sustainability.
• Okanagan Spirits Craft Distillery is a pioneer with more than 30

When you own a condo, you might encounter a special assessment, an additional fee your association can impose for unexpected expenses. These assessments, also called special levies, typically result from significant repairs or upgrades exceeding the regular budget. Understanding how these fees are calculated and what they mean for your ownership is essential. If you're wondering what could happen if you don't pay a special assessment or how special assessments impact your investment, keep reading to uncover the implications for you and your property.

5 Things to Know About Special Assessments

• A special assessment is an additional fee condo associations impose for unexpected expenses not covered by reserve funds.
• Each unit owner's assessment

Understanding condo insurance is essential for protecting your investment and personal belongings when you own a condo. This specialized policy covers risks like theft and water damage and includes liability coverage for injuries in your unit. While the average annual cost in British Columbia is $400 to $600, various factors, such as location and coverage limits, can influence your premiums. 

It's important to know what's included, what isn’t, and how to customize your plan to fit your needs. But what exactly should you be looking for in a policy?

Highlights of Condo Insurance in BC

• Condo insurance is a specialized policy that protects personal property and provides liability coverage for condominium residents.
• The average annual cost of

You do own a condo after purchasing it, but there's more to it. You also share possession of the community's common spaces, amenities, and the land it sits on. Condos are a great way to own property without the responsibilities that come with maintaining a standalone house, but it's important to understand what you truly own and what is shared with your neighbours. In this guide, we’ll break down how condo ownership works, what rights and responsibilities you have, and what to consider when deciding if a condo is a good investment for you.

When You Buy a Condo, Do You Own It?

Yes, when you buy a condo, you own it—but the type of ownership differs from single-family homes.

You hold title to your individual unit, meaning you fully own the

You might wonder whether you're responsible for property taxes if you're a condo owner. The answer is yes, you do pay them, but the specifics can vary based on your location and the assessed value of your unit. Understanding property taxes before buying a home is of critical importance, and doing so can enable you to manage your financial obligations effectively. So, what factors influence the amount you pay, and how does it all break down in places like Kelowna, BC?

Condo Property Taxes in BC at a Glance

• Yes, condo owners are responsible for paying property taxes directly to local government authorities.
• Property taxes for condos are calculated based on the assessed value and local tax rates.
• In Kelowna, BC, condo property tax rates

Before purchasing a condo in British Columbia, you'll need to understand condo fees and reserve funds. While these serve an essential role in maintaining shared spaces and ensuring the property's longevity, the amount you'll pay per month will vary depending on the size of your unit and its location. So, what exactly do they cover, and how can you determine if a condo's reserve fund is adequate? These financial considerations can greatly impact your investment in a condo, so it's worth finding answers before committing.

5 Things to Know About Condo Fees

• Condo fees are monthly charges for maintaining shared spaces and services, typically ranging from $150 to $1,000 in British Columbia.
• These fees may cover maintenance, utilities for common

When considering home ownership and deciding between popular property types like condos and houses, it is essential to weigh how each choice aligns with your lifestyle and long-term goals. Condos offer convenience and reduced maintenance, while houses provide space and privacy. Consider your budget, desired amenities, and how much time you want to dedicate to upkeep. Each option has unique advantages and drawbacks that could significantly impact daily life. So, which factors should you prioritize to make the best decision?

Condo vs. House at a Glance

• Consider your lifestyle: Condos offer urban convenience and amenities, while houses provide space and privacy in suburban or rural settings.
• Evaluate financial responsibilities: Condos have

When you're considering investing in a condo, it's important to weigh the benefits against potential drawbacks. On the one hand, condos can offer affordability and ease of management, which is particularly appealing to first-time buyers and retirees. Yet, factors like high monthly fees, insurance costs, and condo restrictions can complicate your investment strategy. Explore these key pros and cons of condo investing before you make a decision.

For informational purposes only. Always consult with a financial advisor before proceeding with any real estate transaction.

5 Things to Know About Investing in Condos

• Condos often have lower purchase prices, making them accessible for first-time buyers and a potential entry point into real estate

Welcome to our exploration of the Central Okanagan real estate market! From Kelowna up to Lake Country and down through Peachland, this region is known for its wineries and beautiful outdoor activities. It's no wonder why so many people love to live here. Whether you want to join them or are simply curious, here's a breakdown of the market in December 2024.

We cover everything from median prices to inventory and sales for a range of property types. Primarily, these statistics cover residential properties and condos, but we also explore townhouses, lots, and mobile homes.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

Central Okanagan Real Estate

Kelowna, BC, is home to various age-restricted communities that cater to older adults seeking comfort and leisure. Each community offers unique appeal, providing residents with a lifestyle combining modern amenities and a vibrant social atmosphere. From the upscale Solstice at Tower Ranch to the serene living at Sandstone, these communities promise an enriching experience for those looking to embrace retirement in a picturesque setting. Whether you’re a current resident looking to downsize or considering moving to Kelowna for your golden years, discover what makes these communities stand out.

Highlights of Age-Restricted Kelowna

• Solstice at Tower Ranch offers resort-like living and a maintenance-free lifestyle.
• The Fountains provide