Steady Wins The Race

Steady Wins The Race

May 10, 2020 | Finance, Local, Real Estate

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

Buyer’s Market Boom

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...

Summer Market Summary

Summer Market Summary

Looking to take the leap into the Kelowna Real Estate market? This summer just might be the best time to do it! Our local housing market has been the ‘talk of the town’ in Canadian real estate for as long as I can remember. It comes as no surprise that our amazing...

Growing Pains

Growing Pains

The Kelowna housing market has been the hot topic in Canadian real estate for quite some time now. Between red-hot covid markets to short term rental restrictions and everything in between, our community has seen a lot of change take place in the last few years. As...

250-470-0377