Cool Summer Breeze
![esther-tuttle-dyjH3YMblpo-unsplash (2)](https://jennifer-black.com/wp-content/uploads/2021/07/esther-tuttle-dyjH3YMblpo-unsplash-2.jpg)
Cool Summer Breeze
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 mean it’s lost its momentum yet!
With inventory last month at half of what it was the year before, housing prices up nearly 30%, and sales taking an average of only 22 days (wow!) we’re still in a very competitive housing market. Our population has seen steady growth throughout the pandemic with no signs of slowing down – another contributing factor to our red-hot market climate. In fact, the Okanagan’s population has grown faster than anywhere else in the past 5 years, with Canadian residents accounting for the majority of this growth. As construction continues to boom in both residential and commercial sectors, Kelowna remains a top contender for one of the most desirable places to live in Canada.
Still unsure about how to approach the market right now? Let’s figure it out together! Head over to my contact page to get in touch by phone or email so we can make your transition into, out of, or within the Okanagan market as smooth as possible.
Stay hydrated, stay safe, and remember to sign up for my monthly newsletter for regular updates on our exciting community!
Additional Reading
Summer Market Summary
Looking to take the leap into the Kelowna Real Estate market? This summer just might be the best time to do it! Our local housing market has been the ‘talk of the town’ in Canadian real estate for as long as I can remember. It comes as no surprise that our amazing...
Growing Pains
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...
Rentals Under Review
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...
![](https://jennifer-black.com/wp-content/uploads/2016/12/hof-new-foot.png)
![remax-lifetimeaward](https://jennifer-black.com/wp-content/uploads/2020/06/remax-lifetimeaward.png)
![](https://jennifer-black.com/wp-content/uploads/2016/12/plat2.png)
![](https://jennifer-black.com/wp-content/uploads/2016/12/remax-new-foot.png)