Strong Recovery in Kelowna Housing
Strong Recovery in Kelowna Housing
Surprise, everyone – despite 2020’s hectic turn of recent events, I have some good news!
Market sales in the Okanagan continue to exceed last month’s and last year’s sales, which means we’re right on our way to stabilizing housing amidst the COVID-19 pandemic! July saw a 30% increase in housing sales compared to last year, which is largely speculated to be because new buyers are looking for more spacious places to live now. After all, we do live in one of the best places you can find when it comes to outdoor lifestyles!
If June’s sales were a good sign, July’s were a great one. While the pandemic may have kicked the 2020 market off in an unstable way, it’s great to see that new interest in our beautiful area continues to support our housing economy and growth.
Looking to make a similar change for you and your family? Let’s talk about how to make sure you get exactly where you want to be and start living the Okanagan dream with the rest of us 🙂
Additional Reading
Coming Together
The last two weeks have inarguably been some of the most challenging our community has seen in 20 years since the Okanagan Mountain Park fires. It goes without saying that the McDougall Creek Wildfire took everyone by surprise and has created really trying times in...
Continued Success
Over the last couple of months there’s been a lot of questions asked about market stability - in British Columbia and the Okanagan alike - with residential sales appearing to dwindle as the Kelowna summer continues to heat up. Then again, when your market’s been as...
The Road Ahead
The Okanagan summer is officially here as the sun takes its stand and we say goodbye to a more-than-average rainy June. Now, what can we expect from the Kelowna real estate market as we head into summer? Earlier this month, the Bank of Canada raised its benchmark...
