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

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    As temperatures drop and the snow makes its way into the hills, the opposite seems to be happening for the Kelowna real estate market. Despite our low housing inventory, prices continue to rise! “Home prices in B.C. rose 19% year-on-year in October, but...

Enjoying the View

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    The last couple years have been both unpredictable and surprising for all of us, including the Okanagan real estate market. At a time when the world came to a halt, Canadians took this forced pause as an opportunity to re-evaluate their lifestyles and...

Soaring Sky High

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    Kelowna’s housing market continues to exceed all expectations moving into the fall. Inventories are at an all time low and outside interest has never been higher; a combined effect that continues to drive prices up, as well as new construction and...

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