The Valley’s Heating Up
The Valley’s Heating Up
Thinking about buying or selling a home in the Okanagan? There has honestly never been a better time.
Last year we saw some unpredictable and unprecedented growth in the Okanagan housing market. With the economy being all but shut down early in the year, demand shifted from what would normally be a busy spring into red-hot fall and winter markets. This shift is also largely due to the lifestyle changes people are seeking out – moving away from urban centres into more open spaces with greater access to the outdoors and more affordable pricing on homes.
With this increased demand, plenty of new construction and development is happening in Kelowna and the surrounding valley. New apartments and city-style living are taking centre stage, giving a whole new culture and character shift to the town we know and love. Meanwhile, while housing inventory remains low, prices for single-family homes and properties of all types continue to rise with the surge in demand.
If the market seems daunting to you, I’m here to help 🙂 Let’s start the conversation about how to make the most of these market conditions and find the Okanagan dream home you’ve been looking for.
Additional Reading
Budding Spring Market
The sun is shining, patios are opening, and the Kelowna real estate market is blooming. Despite some unexpected variables this year - like the introduction of the ‘Flipping Tax’ and the short term rental restrictions that will soon go into effect - market activity is...
To Flip or Not to Flip
The BC real estate market is about to see another major change coming in January 2025. A newly proposed tax presented by the provincial government in their yearly budget - commonly referred to as ‘The Flipping Tax’ - aims to decentivize short term purchase investments...
Incoming Inventory
As we slowly make our way into the New Year, the usual speculation about future market conditions continues. Like we talked about last month, there are plenty of market influencers to consider in early 2024 that will set the tone for the rest of the year, like the...
