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
Rental Relief
Last month we took a closer look at how much our community has grown in such a short amount of time. Kelowna saw a municipal growth rate of 14% from 2016 to 2022, and with a significant downtown population increase projected with the addition of a new UBCO campus, a...
Downtown Boom
Over the last few years, the secret is out about the Okanagan - Kelowna in particular. Our incredibly high quality of life ratings led to an incredible boom in both the residential and commercial real estate markets, leading to growth that’s pushed us beyond the...
Coming Together
The last two weeks have inarguably been some of the most challenging our community has seen in 20 years since the Okanagan Mountain Park fires. It goes without saying that the McDougall Creek Wildfire took everyone by surprise and has created really trying times in...
