All Together Now

All Together Now

May 3, 2020 | Finance, Local, Real Estate

My friends. I hope you and your families are all staying safe and taking care during these difficult times our community’s been faced with.

Since most of us are being asked to stay home with some financial assistance provided for BC renters, BC workers, and Canadians affected by the COVID-19 crisis (CERB), might as well curl up with a book, catch up on some shows, cook elaborate meals, and spend quality time with your loved ones either at home or by video call! 

As expected, with the request for our community to stay at home, the market has naturally slowed as well. But this is no indication of things going south; simply a sign of the times. Since some provinces are considering opening non-essential provinces in the near-future, as well as some in Kelowna, we expect the market to bounce back as the sun comes out and things start making their way back to normal. It’s also important to remember that construction has been considered an essential service, so any current and future projects are unlikely to be affected by the current situation.

If you have any questions about the market, I’m ready to help. Let’s get through this together. Stay safe everyone!

Additional Reading

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To Flip or Not to Flip

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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...

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