New Year, New Groove

New Year, New Groove

Jan 17, 2021 | Finance, Local, Real Estate

Congratulations everyone – we’ve made it past the finish line of 2020!

Last year presented us with a lot of unpredictable challenges: from a quarantine that forced us all indoors and pushed housing sales below the 5 year average, to a surge above and beyond that average from July onward, it’s safe to say that none of us expected there to be such a silver lining to an otherwise difficult time.

Now that we’ve made it out the other end, a lot of us have refocused our priorities and time for the better, like adapting our lifestyles to be more out-door focused and prioritizing time with our loved ones. To say the least, the amount of attention the Okanagan’s received because of this has been overwhelming! Despite low inventory, housing prices and sales have both skyrocketed and show no signs of slowing down with overall sales rising 70% year over year. Some are even calling the BC real estate market ‘pandemic-proof’

All these signs point in the right direction for Kelowna’s real estate market, with the expectation that market activity will continue to excel in these new conditions. With property values going up, new construction on the rise, plenty of outdoor activity options and lots of family amenities, the Okanagan stands strong as Canada’s ‘place to be’ heading into this new year.

There truly has never been a better time to consider your options, whether it’s relocating to Kelowna or upgrading/downgrading your home. Let’s get ahead of this thing and start planning how to make the most of your future in our beautiful valley!

Additional Reading

They Grow Up So Fast

They Grow Up So Fast

    The headline this month? Kelowna remains the fastest growing metropolitan area in the country, with over 40% of new buyers relocating to the valley from the lower mainland and only 30% being from the Okanagan. Our little beach town is growing up fast! It...

Spring Market Update

Spring Market Update

    As the snow starts to thaw and the sun starts to shine it’s time to get excited about the coming spring in Kelowna. You can safely bet that the worst of the winter is in the rear-view and that the warm weather is just around the corner! Unlike the...

Selling Season

Selling Season

    Over the last two years we’ve seen a tremendous amount of interest from Canadians looking to downsize to a smaller community with greater access to the outdoors and more adorable living. The answer to this question quickly became Kelowna, and there’s...

250-470-0377