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
Return of the Short Term Rental
After plenty of anticipation, short term rental restrictions may finally be changing in Kelowna. The question has recently shifted in a hopeful direction - from a matter of ‘if’ to a matter of ‘when’ - giving us plenty to keep our eyes on in the coming weeks and...
Peak Potential
When most buyers think of investing in Kelowna real estate, they tend to gravitate towards Downtown, South Pandosy, Glenmore, or any number of other neighbourhoods. But, what they often overlook is just up the hill at Big White Ski Resort, and it’s proving to be one...
Buyer’s Market Starts 2026
The New year is starting off with a strong stride for buyers looking to get into the Kelowna real estate market. The start of 2026 is leaning this way thanks to a harmony of factors - namely healthy inventory levels and low interest rates - which have tiled the scales...
