Cold Weather, Hot Market
Cold Weather, Hot Market
While 2019 may have been off to a slow start, we certainly ended it strong. With lower inventory and higher sales than December last year, the market is looking a lot warmer than the weather heading into this new decade. All this, and the fact that homes sold faster on average in the Central Okanagan than the rest of the region, is setting us up nicely for 2020.
Not only is the market nice and active, but this year we can look forward to a lot of new properties entering the market, and creating plenty of opportunity for first-time buyers. With new development proposals continuing to roll in, Kelowna remains one of the most prospective markets in Canada.
Looking for the right moment to make your move? Whether you’re buying or selling there are a number of different ways to make the best of the current market, and I love talking strategy. Let’s get in touch and figure it out together!
Additional Reading
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...
Is Kelowna’s Market Stabilizing?
Kelowna’s real estate market in 2024 was a bit of a wild ride. The year kicked off slowly, with high interest rates making it tough for many buyers to afford homes. It wasn’t just Kelowna feeling the squeeze - this was a trend we saw happening across all of British...
