Rise & Shine
Rise & Shine
Can you feel that warm spring sun finally coming out?! With a bit of luck, winter should finally be behind us; which means summer is just around the corner.
This year has already been off to a great start, with our first month reporting a year-over-year sales increase of 23% in BC! Heading into spring, market reports continue to show that sales were up from January to February and that there were fewer active listings available in February compared to last year. Combined, these factors indicate that the spring market is about to heat up heading into summer, which could lead to an increase in Vancouverites arriving to the valley.
And while the future remains unclear, so far the COVID-19 virus has not had any adverse effects on the BC real estate market.
The Okanagan market has never been more appealing. So if you’re thinking about buying or selling, let’s talk today about the best options for you, your property, and your goals.
Additional Reading
Reduced Rates and Rental Registry
Another wave of changes are making their way to the Kelowna housing market. In late January, we saw two significant events take place - BC’s short-term rental registry rollout, and the Bank of Canada’s overnight interest rates getting reduced down to 3%. Kelowna’s...
Is Kelowna’s Market Stabilizing?
Kelowna’s real estate market in 2024 was a bit of a wild ride. The year kicked off slowly, with high interest rates making it tough for many buyers to afford homes. It wasn’t just Kelowna feeling the squeeze - this was a trend we saw happening across all of British...
Where To Go Next?
As we start getting ready to say goodbye to 2024 there’s plenty of curiosity about what the Kelowna real estate market is going to look like in 2025 - and with good reason! This year we saw so many changes take place that had significant impacts on our local market,...
