A Bright Year Ahead

A Bright Year Ahead

Dec 23, 2019 | Local, Real Estate

With a white Christmas around the corner (yay!), it’s time to talk about 2020 and what to expect in real estate this coming year.

In retrospect, 2019 was shockingly consistent considering the many happenings throughout the year a change in mortgage qualifying rates, our first glimpse at the new speculation tax impacts, and the federal election. So, what’s around the corner following this unexpected but welcome stability?

Well, it seems like the overall consensus is that things are looking up next year! While some reports may have differing opinions on just how much, it seems like everyone is expecting things to trend upward. With Kelowna having just been named the country’s top hot-spot for real estate investment, we can certainly expect a busy Okanagan market next year.

Stay tuned in the New Year for more updates by subscribing to my newsletter 😉

Happy Holidays, and Happy New Year from my family to yours!

Additional Reading

Rise & Shine

    Can you feel that warm spring sun finally coming out?! With a bit of luck, winter should finally be behind us; which means summer is just around the corner. This year has already been off to a great start, with our first month reporting a year-over-year sales...

Budding Success

    While it’s still early to tell what the rest of the year’s market activity will look like, one thing’s for sure - 2020 is off to a great start, setting up the spring market perfectly.  It’s reported that there was an over 23% increase in average market activity...

Cold Weather, Hot Market

    While 2019 may have been off to a slow start, we certainly ended it strong. With lower inventory and higher sales than December last year, the market is looking a lot warmer than the weather heading into this new decade. All this, and the fact that homes sold...