February was a month dedicated to showing signs that the real estate market in Kelowna is on track to normalize. Sales were down considerably from the same month in 2022. This was when we saw record-low inventory coupled with record-high sales demand. However, it’s important to note that this very short month saw an overall […]
McKinley Beach is a relatively new Kelowna neighbourhood with tons of perks. From hiking trails to lakefront views, this neighbourhood offers all that the Okanagan is about! McKinley Beach has been steadily growing over the past few years into a stunning community. Here, you’ll find all types of real estate with incredible amenities. If you […]
The first month of 2023 saw January real estate sales in Kelowna and Central Okanagan continue to decline. As we noted in last month’s real estate market summary, rising interest rates and inflation continue to keep buyers on the sidelines. Many are questioning whether now is the right time to buy or sell their Kelowna […]
2023 is finally here! And, it’s time for everyone to start thinking about their 2023 real estate goals! No matter what you’re aiming for in 2023, our Kelowna real estate team is here to support you along the way. Our Royal LePage REALTORS® in Kelowna have been working diligently to ensure this year’s content keeps […]
As we get ready for the first Kelowna real estate market update of 2023 it’s an opportune time to look back at what happened the month before. Last December was the culmination of an unpredictable, wild ride in real estate. The average house prices remain high, inventory continues to rise, and sales are on the […]
At the beginning of October, the Mortgage Brokers Act in British Columbia was affected by new laws. If these laws get passed, those purchasing houses in Kelowna and surrounding British Columbia cities will be affected. The presentation of this bill was done on Tuesday, October 4 by Finance Minister Selina Robinson. The purpose of the […]
If you’ve been a homeowner for many years, it is likely your property value has increased significantly. One advantage of homeownership is the opportunity to build equity. Home equity growth, partnered with the security of living in your own home, is why most Canadians believe homeownership is the best choice for them! While home equity […]
