As we look back on 2019, it started out slow on the home sales front. Which was a hangover from the 2018 slow down (2018 was when speculations tax was brought into the Okanagan and the Government of Canada introduced the "Stress Test").
The hangover continued for 6 months as you can see in the chart below, the number of sales trended below the 2018 levels until July. where for the second half of the year it trended above 2018 level and at times on the monthly numbers for 2016 and 2017.
2019 Year in Review!
As consumers come to terms with the new lending regulations and speculation tax, steady progress was made with regard to the number of sales.
Happy New Year!