Steady Wins The Race
Steady Wins The Race
Congratulations everyone – we’re beating this thing! According to recent reports, BC has successfully managed to reduce the risk posed by COVID-19 and all-but flatten the curve in our province.
With this great news achievement came the announcement that things will start slowly making their way back to normal over the coming weeks and months! Just in time for the long weekend, small gatherings of 2-6 people have been permitted, BC parks are planning to re-open, and non-essential businesses will gradually start reopening.
Thanks to construction being deemed an essential service, many of Kelowna’s ongoing developments remained unaffected by the work stoppage experienced in other sectors. And while April’s monthly sales saw a predicted decrease, prices are up 2% compared to last year due to the low number of available properties to buyers.
Slowly but surely, the way of life we all know and love will be back soon. In the meantime, let’s keep doing our best to help our neighbours and support eachother through this.
Additional Reading
Sold Before Sunset
If you’ve been keeping an eye on the Kelowna real estate market, you’ve probably noticed some shifts over the past few months. As of March 2025, the market is seeing more inventory, steady price growth, increased sales activity, and lending rates have been reduced...
Spring Housing is Blooming
March is finally here, which means the sun is about to shine and the market is about to thrive! Historically, the Kelowna and Okanagan spring housing markets are where we start to see the first surges of activity for the year. When we consider that only a couple of...
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...
