The Kelowna housing market has been the hot topic in Canadian real estate for quite some time now. Between red-hot covid markets to short term rental restrictions and everything in between, our community has seen a lot of change take place in the last few years. As...
The long-discussed and anticipated day has come - as of May 1st 2024, short term rental restrictions in BC have come into effect. This newly introduced regulation, set forth with the goal of prioritizing long term rental options in BC and combatting climbing cost of...
The Okanagan is taking its turn in the spotlight for British Columbia real estate as Vancouver starts to lose its curb appeal. While it’s no secret that Kelowna and the Okanagan as a whole have been gathering momentum for the past ten years, Covid truly sparked an...
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...
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...
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...
Happy New Year everyone! Am I the only one who feels like 2024 snuck up on us way too fast?! With the New Year underway, a lot of folks are starting to wonder what lies ahead in 2024 for the Okanagan housing market. Market speculation is always a popular topic around...
As we head into another winter, the expected rumors and reports of a market slowdown are once again the hot topic in Kelowna real estate. But, speaking from experience, this isn’t an unnatural turn of events. Sales activity in Okanagan housing naturally tapers off...
Last month we took a closer look at how much our community has grown in such a short amount of time. Kelowna saw a municipal growth rate of 14% from 2016 to 2022, and with a significant downtown population increase projected with the addition of a new UBCO campus, a...
