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

Take it to the Top

Take it to the Top

    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,...

Living in the Fast Lane

Living in the Fast Lane

    The Okanagan market continues to flourish with inventory at an all-time low and buying interest continuing to rise, specifically from larger urban centres. Now with the weather getting nicer, we’re also seeing a shift in focus from residential properties...

Budding Success

Budding Success

    It’s been one year since COVID-19 began affecting our lives here in the Okanagan, and it’s fair to say that nobody expected what followed. After an uncertain spring season in 2020, many Canadians took the time to reevaluate their lifestyles and living...

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