A Bright Year Ahead
A Bright Year Ahead
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
Right Between the Lines
A recent report noted that rent prices in Kelowna are on the decline, with BC showing the greatest rental price decrease in Canada so far. With increased rental supply and rising vacancy levels across the province helping ease pressure on the price of housing, it’s...
The Cost of Waiting
If you haven’t read my latest blog post yet, let’s bring you up to speed. Last month we talked about buyers and sellers both sitting on the fence, with buyers waiting for prices to soften and sellers waiting for stronger demand. But, here's the thing about fences -...
Both Sides of the Fence
March was a really positive start to the spring in the Kelowna housing market, with sales for townhomes, condos and single-family homes all showing increases compared to February. Coupled with this bump in sales activity, average and median prices for single-family...
