Budding Success
Budding Success
While it’s still early to tell what the rest of the year’s market activity will look like, one thing’s for sure – 2020 is off to a great start, setting up the spring market perfectly.
It’s reported that there was an over 23% increase in average market activity across the province of BC in January 2020 compared to January 2019. BCREA’s chief economist Brendon Ogmundson is confident that “Housing markets in B.C. are off to a strong start in 2020.”
One of the biggest increases seen in the province is an over 40% increase in year-over-year activity (January 2019 vs January 2020). Looks like the Okanagan continues to stand confidently as one of Canada’s top markets for real estate investment. And with the construction boom starting to stabilize, we can expect housing prices to do the same, creating more appeal for new buyers to enter the market.
Thinking about buying or selling? Let’s team up and make the best of this perfect market climate.
Additional Reading
Sold Before Sunset
If you’ve been keeping an eye on the Kelowna real estate market, you’ve probably noticed some shifts over the past few months. As of March 2025, the market is seeing more inventory, steady price growth, increased sales activity, and lending rates have been reduced...
Spring Housing is Blooming
March is finally here, which means the sun is about to shine and the market is about to thrive! Historically, the Kelowna and Okanagan spring housing markets are where we start to see the first surges of activity for the year. When we consider that only a couple of...
Reduced Rates and Rental Registry
Another wave of changes are making their way to the Kelowna housing market. In late January, we saw two significant events take place - BC’s short-term rental registry rollout, and the Bank of Canada’s overnight interest rates getting reduced down to 3%. Kelowna’s...
