If you’ve been holding off on buying a home in anticipation of further price drops, now might be the moment you’ve been waiting for. In October, Kelowna’s home prices took another step down. Here’s a breakdown of what happened in the market, what it means for buyers, and where we might be headed.
Kelowna Real Estate Update October 2024: What 14 Months of Inventory Means for Buyers and Sellers Kelowna's real estate market is firmly in a buyer’s market. With 14 months of inventory available, this means that only 1 in every 14 properties listed is selling in a given month, leaving 13 out of 14 unsold. Naturally, this leads to a critical questio...
Kelowna Real Estate Prices are down from this time last year, with single family home prices dropping over 5% year over year and condo prices down 4% during that time. Overall, prices are down significantly from the peaks we saw in the spring of 2022 and 2023 b...
If you're a landlord in British Columbia or considering buying an investment property to rent out, significant rule changes effective July 18, 2024, could impact your plans. These changes pertain to the notice period for vacating tenants, occupancy requirements, and the introduction of a new provincial registry system for landlords. Here, we’ll del...
Buying a home is a significant milestone that can bring immense joy, but it can also be filled with challenges and potential regrets if not approached carefully. As one of the biggest life decisions you'll make, it's essential to be well-prepared to navigate the complexities of the real estate market. Here ar...
2024 Kelowna Real Estate Market Predictions : Insights from a Local Expert
As a realtor in Kelowna, I often get asked about my thoughts on our local real estate market. While I don't claim to have a crystal ball, my experience and understanding of the market allow me to offer some educated guesses. In this post, we'll delve into my predictions for t...