Okanagan Market is Shining Bright
Okanagan Market is Shining Bright
In true Okanagan fashion, it’s looking like this summer is going to be another hot one! With the sun beating down on our lush landscape and all the new patios that just extended onto Bernard Ave, there’s never been a better time to live in Kelowna.
Despite many speculations about impacts of COVID-19 on the real estate market, Kelowna has bounced back extremely quickly – our June sales were even higher than last year! To make things better, open houses have also been re-allowed in BC (with new social distancing measures). And the days of ‘just popping in’ may be a little ways away, it’s great to see that we’re on a positive trend to get things back to normal. After all, everything counts when it comes to making sure your property gets the best showcase possible or getting a feel for your new home.
If you have any questions about listing or buying in these unprecedented conditions, I’m right here to help. Drop me a line with any questions you have, and keep up the great work everyone!
Additional Reading
Winter Buyer’s Market Ahead
As of this month, Kelowna remains one of Canada’s most profitable and prosperous real estate markets, trailing only behind the Greater Vancouver area. But, with the Bank of Canada reducing its overnight mortgage rate to 3.75% on October 23rd and new construction...
Mortgage Rate Debate
Over the last ten years, Canadian mortgage rate fluctuations have had significant impacts on the Kelowna real estate market. This year we’ve already seen the Bank of Canada reduce mortgage rates twice, bringing the current overnight rate down to 4.5% - and it’s got a...
Buyer’s Market Boom
As the Kelowna real estate market approaches the last few weeks of the summer, things are continuing to trend in favour of buyers. Just over a month ago, the Bank of Canada reduced mortgage rates for the second time this year, bringing it down to 4.5% - a welcome...