The Center of Attention

The Center of Attention

Nov 13, 2020 | Finance, Local, Real Estate

As temperatures start to drop in the valley and the snow creeps over the mountains, we would usually expect Kelowna’s real estate market to cool down as well. But this year it continues to surprise us as we soar past last year’s sales once again for the month of October.

This October’s housing sales in the Okanagan showed a 70% increase over last year’s, from Revelstoke through to Peachland. While most people wouldn’t usually look to move in the winter, the Okanagan’s scorching hot market has hardly ever had more intrigue than it does this year. As Canadians look to adjust their pace of life with the challenges and learnings brought from COVID-19, it was only a matter of time before we became the center of attention.

While housing inventory may be lower than average, that hasn’t slowed things down. The timing is perfect if you’re looking to upgrade or downgrade and take advantage of your investment in our flourishing local economy. And with plenty of new construction underway, our valley’s magnetic draw will surely continue to grow.

Let’s talk about how easy it can be for you to make the dream move to the valley come true, or to take the next step in your home-owning adventure together!

Additional Reading

Take it to the Top

Take it to the Top

    With another month gone by, so much has changed and things are moving faster than ever. Yet, the story remains the same: the Okanagan real estate market is still soaring with no signs of slowing down. Last year we saw average home prices go up steadily,...

Living in the Fast Lane

Living in the Fast Lane

    The Okanagan market continues to flourish with inventory at an all-time low and buying interest continuing to rise, specifically from larger urban centres. Now with the weather getting nicer, we’re also seeing a shift in focus from residential properties...

Budding Success

Budding Success

    It’s been one year since COVID-19 began affecting our lives here in the Okanagan, and it’s fair to say that nobody expected what followed. After an uncertain spring season in 2020, many Canadians took the time to reevaluate their lifestyles and living...

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