This past weekend we got to spend some time down in Oliver for a hockey tournament, it was his first tournament, and was great to see the kids battle the pool legs and finish the weekend strong. The Top 5 Renovations for the Best Return on Investment In this market, the decision to move in my opinion has never been tougher. Sure you can get a pretty penny for your current home, but, and it's a biiiiggg but, where will you live? My family and I posed ourselves this qu

Quick highlight of the BCREA's forecast for BC Economy as we are heading into Spring from their first-quarter housing forecast. Good morning, This week I am leaving it to the professional economists at BCREA, the British Columbia Real Estate Association (BCREA) released its 2022 First Quarter Housing Forecast Update. Bad news for buyers but good news for sellers as the BCREA is expecting prices to increase 8.5% in 2022 with the greatest portion of the gain to happen in the

Enjoying the last little bit of winter we have left! January, a new year, but not a whole lot has changed, as expected from sales. January picked up and we saw an increase in listings with new listings at 569 compared to 331 in December, increasing the inventory slightly albeit only 20 listings at the end of January, so nothing really to write home about, we are still at 48% of the 5-year average for this time of year. Spring this year begs to be crazier than last sp

If you have thought about selling this year but caught with the catch 22 of where do you live with nothing on the market? This week's blog is for you! The image above illustrates the current market. This past 7 days there have been 131 new listings and 133 sold. In the last 10 years, we have never had this low inventory. Low-interest rates and high relocation rates which has made up around 50% of the buyers in Central Okanagan through 2020 are creating one of the strongest

State of Kelowna's Economy This week we are going to look at the overview of Kelowna's Economy. Different industries shut down some now starting back up things are always changing, with the ebb and flow of the restrictions, it is truly tough to gauge the current state but gives a comparison of the state with comparisons to the rest of Canada to see how we are doing. Invest Kelowna has some up-to-date information regarding Kelowna's economy to keep an eye on what is happening

Property Assessments vs Market Value A new year comes new assessments, BC assessments have now mailed out over 286,000 to homes in the Thompson Okanagan. With the real estate market in the Okanagan as robust as it has been " total assessments increased from $159.3 billion in 2021 to $204.2 billion this year. " Around 3.3 Billion of the increases can be attributed to new homes/builds and subdivisions. But what many property owners in the Okanagan can expect is their increases

2021 Year in One Minute and 2022 Things to watch 1. Low Inventory Inventory is down in each "mini" real estate segment. Limiting buyer options. · Single-family listings are down 29%. · Townhomes listings are down 55%. · Condo listings are down 51%. 2. Strong Demand - Total Volume of Sales · Strong The total volume is approaching $6 -Billion in sales for the entire year. This is 1.5 times the 2020 total volume of sales and 1.86 times the 5 year average