Summer’s Here and the Market’s Warming Up
Summer’s Here and the Market’s Warming Up
As businesses start to open back up, things slowly make their way back to feeling ‘normal’. And while some things have changed, others haven’t – the Okanagan sun is shining right on schedule and I’m loving it!
Many have been concerned about the post-covid real estate market, but, surprisingly, things are looking up. Compared to April, May’s home sales have significantly increased, and market prices are high! Sure, compared to May last year we may be down, but this uptick in market activity is a warm welcome considering what we’ve been through. Let’s hope this is our first indication of the market’s imminent recovery!
With many of us starting to get back to work and making our way through once-uncertain times, let’s remember to support our neighbours and local businesses to help move our economy in the right direction.
Despite how things feel, there is still plenty of opportunity in our local market. Let’s talk today about how to get through this together!
Additional Reading
Is Kelowna’s Market Stabilizing?
Kelowna’s real estate market in 2024 was a bit of a wild ride. The year kicked off slowly, with high interest rates making it tough for many buyers to afford homes. It wasn’t just Kelowna feeling the squeeze - this was a trend we saw happening across all of British...
Where To Go Next?
As we start getting ready to say goodbye to 2024 there’s plenty of curiosity about what the Kelowna real estate market is going to look like in 2025 - and with good reason! This year we saw so many changes take place that had significant impacts on our local market,...
Winter Buyer’s Market Ahead
As of this month, Kelowna remains one of Canada’s most profitable and prosperous real estate markets, trailing only behind the Greater Vancouver area. But, with the Bank of Canada reducing its overnight mortgage rate to 3.75% on October 23rd and new construction...