Celebrating 10 Years of Sensitive Santa 2024: Community, Inclusion, and Special Surprises at Orchard Park Mall

This holiday season, Tracey and Quincy Vrecko are thrilled to welcome families back to Orchard Park Mall for Sensitive Santa 2024, celebrating its 10th anniversary at the very location where it all began. Sensitive Santa has become a beloved tradition for families, offering a calm, sensory-friendly holiday experience tailored to children who may find typical festivities overwhelming. In honor of a decade of joy and inclusivity, Sensitive Santa 2024 will include special touches for both longtime and first-time attendees, with a free family photo and a unique anniversary gift for everyone who joins.

Sensitive Santa 2024 is designed to provide families with a relaxing, inclusive holiday experience, with softened lighting, gentle music, and a sensory-friendly setup that prioritizes children’s comfort and joy. As part of this 10th-anniversary celebration, each family will receive a complimentary photo with Santa, capturing a beautiful memory in a welcoming environment. We’re also offering a special anniversary gift as a way of saying thank you to the families who have made this tradition so meaningful, as well as a warm welcome to those discovering Sensitive Santa for the first time.

This year, Sensitive Santa 2024 introduces a new and exciting partnership with the Canucks Autism Network (CAN). CAN’s mission to enhance the lives of families with loved ones on the autism spectrum aligns perfectly with the heart of Sensitive Santa, and this collaboration marks a meaningful step forward in supporting inclusive holiday experiences. Through this partnership, we will not only bring more joy to families this season but also contribute to CAN’s programs, which provide valuable resources for families throughout the year. Together, we’re expanding the future impact of Sensitive Santa, building a legacy of inclusivity and support.

Quincy Vrecko will be present to personally welcome each family to Sensitive Santa 2024, embodying the spirit of community and connection that has defined this event over the past decade. Quincy looks forward to reuniting with familiar faces and greeting new families, ensuring every guest feels at home in this special gathering.

Returning Sensitive Santa 2024 to Orchard Park Mall is a tribute to its roots, celebrating the memories made here over the years and the connections that have grown within this community. Tracey and Quincy invite families, both old and new, to join us at Sensitive Santa 2024 for an experience filled with kindness, joy, and meaningful holiday moments. With a free photo, a special anniversary gift, and a heartfelt commitment to inclusion, Sensitive Santa 2024 is set to make this season memorable for everyone involved.

Registration is OPEN.

Bank of Canada Cuts Interest Rates: Positive News for BC’s Real Estate Market

On October 23, 2024, the Bank of Canada (BoC) made a bold move by cutting its key interest rate by 0.5%, bringing it down to 3.75%. This unexpected rate cut aims to stimulate the Canadian economy, making borrowing more affordable and offering fresh momentum for British Columbia’s real estate market. For both home buyers and sellers, this shift in interest rates in BC could provide new opportunities in the coming months.

Renewed Affordability for Home Buyers in BC

Interest rates in BC have long shaped home-buying behavior, especially in a province known for its high property values and competitive markets. The BoC’s decision to lower rates offers tangible benefits for home buyers, easing the affordability pressures that have characterized BC’s real estate market.

  1. Lower Mortgage Payments: The recent rate cut means home buyers will benefit from reduced mortgage rates, leading to lower monthly payments. This can make homeownership more attainable, particularly for first-time buyers who were previously priced out of the market. By improving affordability, this cut may encourage more buyers to explore their options, whether in Vancouver, Victoria, or the Okanagan.
  2. Increased Purchasing Power: With lower borrowing costs, buyers may find they qualify for larger mortgage amounts, increasing their purchasing power. This allows buyers to consider a broader range of properties, potentially shifting demand toward single-family homes or larger condos that were previously out of reach.
  3. More Predictable Planning: With interest rates in BC now at 3.75%, buyers can plan their finances with greater certainty. Knowing that rates have stabilized helps reduce the urgency to rush into a purchase. Instead, buyers can focus on finding the right property that meets their needs without the fear of sudden, dramatic changes in borrowing costs.

Positive Market Dynamics for Sellers and Investors

The recent drop in interest rates in BC is not just good news for home buyers—it also benefits sellers and investors. The renewed affordability is expected to boost demand, leading to increased market activity, which is favorable for sellers looking to maximize the value of their properties.

  1. Heightened Buyer Demand: As borrowing becomes more affordable, buyer interest is likely to increase, resulting in more active showings and quicker sales. Properties that were on the market longer due to affordability challenges may now see renewed interest. This increase in demand may also offer sellers the opportunity for faster transactions and potentially better offers.
  2. Potential Price Appreciation: While interest rates in BC are still relatively high compared to historical averages, this cut could support gradual price growth, particularly in high-demand areas like Metro Vancouver and Victoria. As demand rises, property values could experience upward momentum, creating favorable conditions for sellers aiming to get top dollar for their homes.
  3. Increased Investor Confidence: For investors, lower interest rates mean improved cash flow projections, especially in the rental market. With lower financing costs, rental yields become more attractive, making it an opportune time for investors to consider multi-family developments or other rental properties. The steady demand for rentals, combined with more manageable borrowing costs, could drive further investment in BC’s real estate market.

Implications for New Developments in BC

The interest rate cut also has important implications for developers in BC. Financing is a major component of real estate development, and lower interest rates reduce the overall cost of borrowing for new projects. This could help stimulate new construction, particularly in multi-family housing, where demand continues to outpace supply.

While developers may still be cautious, the recent rate cut provides a more favorable environment for launching new projects, particularly in areas where the housing shortage is most pronounced. Increased development activity could help alleviate some of the supply constraints that have driven up home prices in BC, creating a win-win situation for both buyers and the broader market.

Navigating the Current Real Estate Market in BC

The recent changes in interest rates in BC offer a more predictable and favorable environment for home buyers, sellers, and investors alike. As interest rates have shifted downward, it’s essential to understand how this impacts your specific real estate goals.

  • For Buyers: This is a strategic time to explore the market, as lower rates improve affordability and broaden your purchasing options.
  •  For Sellers: Increased demand could translate to faster sales and potentially higher prices, especially in desirable neighborhoods.
  • For Investors: Now is an ideal time to review your investment strategies, as lower borrowing costs enhance cash flow potential and overall returns.

Work with Vrecko Real Estate Group in Vancouver and Kelowna

At Vrecko Real Estate Group, we specialize in navigating BC’s complex market, with dedicated teams serving both Vancouver and Kelowna. With over 30 years of experience in real estate sales, development, and marketing, we offer expert, tailored guidance to help you make the most of the opportunities presented by these changes in interest rates in BC. 

Whether you’re buying, selling, or investing, our team is here to help you capitalize on BC’s evolving real estate market. Reach out to us today to discuss how the recent rate cut can help you achieve your real estate goals in Vancouver, Kelowna, and beyond.

Classic and Modern. Beautiful and Functional.

Joanne Viau Unlocks the Potential in Lower Mission Home and Other Projects

By Kathy Michaels; Photography Kyle Sanguin

“The uglier the better, I always say,” she comments with a light laugh, before embarking on a tour through her newest real estate redesign project, a stunning six-bedroom, seven-bathroom home now for sale in one of Kelowna’s most coveted neighborhoods, the Lower Mission…

We Are  Grateful to have the opportunity to work with such a talented designer on this stunning project.

Read the full story here –> https://apple.news/An_uIixvfR6KcpsmOSgIEYA

 

Learn more on this luxurious Lower Mission gated estate: 539 Knowles, Kelowna BC

 

Reach out, we are here to help and answer any questions you may have!

Interested in moving to Kelowna, download our Relocation Guide, or thinking of selling check out our Listing Package.