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

Budding Spring Market

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

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

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...

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