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
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
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
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...