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
Buyer’s Market Boom
As the Kelowna real estate market approaches the last few weeks of the summer, things are continuing to trend in favour of buyers. Just over a month ago, the Bank of Canada reduced mortgage rates for the second time this year, bringing it down to 4.5% - a welcome...
Summer Market Summary
Looking to take the leap into the Kelowna Real Estate market? This summer just might be the best time to do it! Our local housing market has been the ‘talk of the town’ in Canadian real estate for as long as I can remember. It comes as no surprise that our amazing...
Growing Pains
The Kelowna housing market has been the hot topic in Canadian real estate for quite some time now. Between red-hot covid markets to short term rental restrictions and everything in between, our community has seen a lot of change take place in the last few years. As...
