Selling Season

Selling Season

Feb 28, 2022 | Finance, Local, Real Estate

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 been little to no signs of slowing down since word got out about our fabulous community.

In fact, Kelowna has now officially become the fastest growing city in Canada! No surprise when you consider our beautiful scenery, gorgeous weather, and laid back way of life. Kelowna’s housing market has seen a lot of recent growth, and now, due to a current shortage in inventory and our accelerated growth rate, we’re primed for a seller’s market. And while there’s plenty of new construction forecasted in the near future, the current demand has put the power in the seller’s hands. 

If you’re considering downsizing, there’s never been a better opportunity to make the most of your Okanagan housing investment. Not only has the appeal for relocating to our gorgeous city never been higher, but housing inventory is scarce, presenting sellers with a lot of opportunity to materialize their ideal selling conditions. On top of this, average pricing in 2021 was 30% higher than it was in 2020, lending even more potential to the seller’s market!

If you’re looking for guidance navigating our current housing market, let’s get in touch and create a partnership that gets you the most out of your investment.

Additional Reading

The Cost of Waiting

The Cost of Waiting

If you haven’t read my latest blog post yet, let’s bring you up to speed. Last month we talked about buyers and sellers both sitting on the fence, with buyers waiting for prices to soften and sellers waiting for stronger demand. But, here's the thing about fences -...

Both Sides of the Fence

Both Sides of the Fence

March was a really positive start to the spring in the Kelowna housing market, with sales for townhomes, condos and single-family homes all showing increases compared to February. Coupled with this bump in sales activity, average and median prices for single-family...

Return of the Short Term Rental

Return of the Short Term Rental

After plenty of anticipation, short term rental restrictions may finally be changing in Kelowna. The question has recently shifted in a hopeful direction - from a matter of ‘if’ to a matter of ‘when’ - giving us plenty to keep our eyes on in the coming weeks and...

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