Partway through the fourth quarter of 2022, there are a lot of unknowns in the real estate market. It has been the story of 2022, with interest rates significantly increased and the inflation rate still way outside the planned inflation of 2-3% at 7% for August, there is a lot that is left unknown.
Everyone has questions, but I have been finding with professionals and experts, the answers have are always preceded with "it depends" or "here are 2 outcomes", there are a lo
As much as I hate to see summer go, its moments like this that makes winter look not too bad. With kids back in school and, as much as I don't want to admit it, the weather outside is taking a wintery turn. This week I am looking at the Big White real estate market and how it has faired. I like to look at Big White's market to indicate confidence in the overall real estate market for Kelowna and the area, as it is a vacation rental destination or secondary home market. To me
to get Emailed Active Listings My new weekly segment called -What's New Wednesday. This is a quick look every week at what the real estate market is doing and looking at new homes on the market. Click here to get Emailed Active Listings here to get Emailed Active Listings A potential rush to get in before winter is spurring some more activity, the last 7 days solds are over 100 which is about 20% higher than the last 3 weeks. Yesterday the BC government released its economic
Click here to get Emailed Active Listings Bank of Canada increased interest rates another 0.75% today, what will the impact be? Also a look at the Central Okanagan real estate statistics for the month of August. What to watch this week is the Bank of Canada's rate adjustment just announced today another increase of 0.75%. Compared to July, in August, we saw sales rebound by about 100 additional sales after significantly low sales in July as buyers and sellers come to terms w
Last week we had views from the 18th floor of West Tower of One Water St, this week
here is a view from the 19th floor of the Brooklyn Building. Click here to get Emailed Active Listings Not a whole lot has changed, still seeing price reductions and big ones Last year there were a lot of headlines of homes selling for well over ask, but as the market has turned in the last 6 months homes are sitting longer.
This week we are looking at the sale price vs what the