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
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
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...
Peak Potential
When most buyers think of investing in Kelowna real estate, they tend to gravitate towards Downtown, South Pandosy, Glenmore, or any number of other neighbourhoods. But, what they often overlook is just up the hill at Big White Ski Resort, and it’s proving to be one...
