With Canada Day this Friday, we are taking a look at the Real Estate market over Canada. In lieu of Canada day on Friday, this week we are looking how Kelowna stacks up in the real estate market versus other areas of Canada. It seems that the secret is out, the demand in the Okanagan seems to be at all-time high over the last few years. Whether its people taking the well deserved retirement, or the change to working from home, the Okanagan over this past year has seen rough

Drone views from above the Southgate Condos in the desirable south Pandosy area from one of our listings. Click here to view. The trend is continuing, more and more price drops, and the sales are falling off. That being said certain homes are selling quickly. This past week I came across one that was sold in 4 days with an unconditional offer. An issue that has been top of mind for years but is even more evident right now, in Kelowna's real estate market, is affordability.

Week in Review! This was the second week in a row that sales were under the 100 sale mark This week in lieu of seeing the decrease in sales, we are seeing the weekly trend of sales to slow down based on the activity we have been seeing over the last couple months. In past emails we have also discussed the amount of price decreases, this week we are going to take a pulse at the overall real estate market for June and compare it to years prior. The rates have increased, ag

This past week; Price changes are increasing more and more, and the rate increase announced today will likely have this trend continue. Welcome to June, the weather outside is not agreeing with the calendar. But regardless, here we are. This month really is a continuation of the last month or two. Inventory is rising, prices appear to have peaked, and appears we are heading to a more balanced market. Overall homes are still selling, as you will see in the total numb