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.
In an unlikely coincidence, it seems like Kelowna’s housing market climate continues to rise and fall with the weather. Now that we’ve made it through the most intense heat wave in recent memory the market is showing signs of cooling - but that doesn’t...
The weather’s catching on - Kelowna’s property market is scorching! With average home prices breaking over 900k, I can honestly say these are unprecedented market conditions. But, these price increases are likely to be softened with further commitment...
With another month gone by, so much has changed and things are moving faster than ever. Yet, the story remains the same: the Okanagan real estate market is still soaring with no signs of slowing down. Last year we saw average home prices go up steadily,...