75: Penticton's Sokana Project & a Development's Reliance on Pre-Sales with Fifth Avenue Real Estate Marketing's Jamie Squires

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EPISODE DESCRIPTION

Episode 75: Matt and Taylor are joined by Jamie Squires. Jamie is the President and Managing Broker at Fifth Avenue Real Estate Marketing from Surrey, BC, who's a new home development specialist with over 20 years experience. Her expertise lies in helping shape communities through thoughtful design decisions, including unit mixes, building placement, and floor plan layouts. Fifth Avenue Real Estate Marketing's portfolio boasts over $10 billion in sales, accumulating over 200+ local and national awards spanning the past four decades.

 

Jamie is here to discuss:
→ Penticton's Sokana project, the pre-sale process for a customer including deposit structure and current incentives, and other projects they're working on right now.
→ The importance of reading your disclosure statements, outside dates for completion and how they can be extended, and how developers now need 75-80% of a project pre-sold before banks will release funding.
→ The STR (short-term rental) legislation impact on Penticton and a STR loophole, fractional home ownership  and the BC RTA (residential tenancy act), and how pre-sales have been affected by the anti-flipping tax.

 

Fifth Avenue Real Estate Website: www.fifthave.ca

Fifth Avenue Real Estate Instagram: @fifthavenuerem

Fifth Avenue Real Estate Linktree: @fifthaverem

Sokana Website: www.liveatsokana.com

Jamie Squires' Instagram: @jamiefifthave

Jamie Squires' LinkedIn: @JamieSquires

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The Kelowna Real Estate Podcast is brought to you by Century 21 Assurance Realty, the gold standard in real estate. To learn more, visit: www.c21kelowna.ca

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CONNECT WITH MATT

Matt Glen's Website: www.mattglen.ca

Matt Glen's Email: matt.glen@century21.ca

Matt Glen's Instagram: @mattglenrealestate

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CONNECT WITH TAYLOR

Taylor Atkinson's Website: www.venturemortgages.com

Taylor Atkinson's Email: taylor@venturemortgages.com

Taylor Atkinson's Instagram: @VentureMortgages

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