Cold Weather, Hot Market
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 faster on average in the Central Okanagan than the rest of the region, is setting us up nicely for 2020.
Not only is the market nice and active, but this year we can look forward to a lot of new properties entering the market, and creating plenty of opportunity for first-time buyers. With new development proposals continuing to roll in, Kelowna remains one of the most prospective markets in Canada.
Looking for the right moment to make your move? Whether you’re buying or selling there are a number of different ways to make the best of the current market, and I love talking strategy. Let’s get in touch and figure it out together!
Additional Reading
Budding Spring Market
The sun is shining, patios are opening, and the Kelowna real estate market is blooming. Despite some unexpected variables this year - like the introduction of the ‘Flipping Tax’ and the short term rental restrictions that will soon go into effect - market activity is...
To Flip or Not to Flip
The BC real estate market is about to see another major change coming in January 2025. A newly proposed tax presented by the provincial government in their yearly budget - commonly referred to as ‘The Flipping Tax’ - aims to decentivize short term purchase investments...
Incoming Inventory
As we slowly make our way into the New Year, the usual speculation about future market conditions continues. Like we talked about last month, there are plenty of market influencers to consider in early 2024 that will set the tone for the rest of the year, like the...
