Cold Weather, Hot Market
While 2019 may have been off to a slow start, we certainly ended it strong. With lower inventory and higher sales than December last year, the market is looking a lot warmer than the weather heading into this new decade. All this, and the fact that homes...
A Bright Year Ahead
With a white Christmas around the corner (yay!), it’s time to talk about 2020 and what to expect in real estate this coming year. In retrospect, 2019 was shockingly consistent considering the many happenings throughout the year a change in mortgage...
Kelowna Becomes Western Canada’s Investment Hot-Spot
While the weather may be cooling down, Kelowna’s housing market continues to heat up. Western Investor just selected Kelowna as the #1 hot-spot for real estate investment in Western Canada, largely due to our city’s increasing levels of housing...
Election Impacts on Housing
Following the recent federal election, many of you are probably wondering what’s in store for the housing economy in the coming years. While we saw an uptick in home sales in September, the question of sustainable growth continues to pop up, among things...
Housing Prices Starting to Stabilize
Earlier this year the government introduced the Speculation Tax in an attempt to slow the accelerated housing price growth in the province of BC. Now, several months after this regulation was implemented, reports are claiming that, as of July, the...
Active Listings on the Rise!
Last month, the Bank of Canada announced that they would be lowering the mortgage qualifying rate for the B-20 Stress Test in hopes that it would allow more people to access the real estate market. This good news came after the BC Real Estate...
Mortgage Qualifying Rates Reduced
Following a recent BC Real Estate Association report claiming housing sales would have been 10% higher in 2018 had it not been for the B-20 Stress Test, the Bank of Canada adjusted the qualifying rate for mortgages for the first time since 2016. Although...
May Heats Up the Market
While most of the Canadian market is slowing down and showing signs of a pricing decline later this year, the month of May had the best sales activity yet. Although affordability continues to remain questionable, reports indicate that housing prices are...
Affordable Homes Leading The Way
The trend across most real estate markets in British Columbia all seem to be affected by the cooling housing market. Fortunately, one area that’s on the rise in recent months is our beautiful city Kelowna, particularly for properties valued in the...
