It’s that time of year again—blog recap season! As we approach the end of 2024, it’s the perfect moment to reflect on the highlights and milestones that shaped the past year of Kelowna realty.
Kelowna’s real estate market experienced its fair share of ups and downs in 2024. With lower interest rates and numerous new developments, the market remained strong. For our team, 2024 brought exciting achievements, including earning the prestigious Royal LePage Chairman’s Club Top 1% Award. We were also honoured to be finalists for the Best Real Estate Team under 5 category and received our fourth consecutive nomination for Best REALTOR® in Kelowna.
It’s been a year to celebrate, and we’re excited to revisit everything that happened. Join us as we look back on the year’s key moments and recap the real estate trends and stories featured on our blog. Keep reading to catch up on all the highlights from 2024!
Looking Back on the First Half of 2024 in Kelowna Realty
Jan – Houses for Sale Kelowna BC: 2024 Market Outlook
In this article, we provided a comprehensive market overview that outlined some of the key elements that we predicted would influence Kelowna real estate. From interest rates, slow housing sales and new Airbnb regulations we unpacked everything in this January kickoff post!
Feb – Kelowna’s Real Estate Market Reacts to Becoming the Fastest-Growing City in Canada
When February rolled around, Kelowna faced a pivotal moment shaped by immigration, STR restrictions, and affordability challenges. As Canada’s fastest-growing CMA, the city’s population boom added turbulence.
Mar – Kelowna BC Real Estate for Sale: How to Renew Your Mortgage?
In March, homeowners nearing the end of their mortgage terms needed to know how to renew. This post outlined the renewal process and key steps to ensure your needs are met. If you’re up for renewal in the new year, give it a read!
Apr – Exciting New Short-Term Rental Exemptions Available for Kelowna BC Real Estate
In April, staying informed on changing STR legislation was crucial for homeowners. Our detailed article explained how new exemptions might impact your property. Check it out to ensure compliance as we approach 2025!
May – Advice For Short-Term Rental Property Owners who Own Real Estate in Kelowna
2024 short-term rental restrictions undoubtedly impacted real estate in Kelowna. With the initial legislation now in effect, property owners are required to comply with the government’s regulations. In this post, we outlined some tips on how property owners can make do under the new rules.
Jun – How to Afford Interest Rate Changes for Homes for Sale in Kelowna BC
Navigating high interest rates was a big part of the first half of 2024. As a result, we went over some advice on managing your money in the face of changing interest rates.
Finishing the Year Strong
Jul – Understanding the Impact of New Capital Gains Tax Rules on Kelowna Real Estate
The federal government announced significant changes to the capital gains inclusion rate, affecting individuals, trusts, and corporations at the end of June. Staying informed was essential to navigate these changes!
Aug – Houses for Sale in Kelowna Canada: Mitigating Wildfire Risks
Although Kelowna is generally safe from natural disasters, it is at risk for wildfires. Homeowners were encouraged to create FireSmart properties to reduce wildfire risks in August. This article provided essential tips for fireproofing homes and surrounding land.
Sept – Best Neighbourhoods to Find Kelowna Townhomes for Sale!
Kelowna townhomes proved to be a smart investment, offering a balanced option between condos and single-family homes for downsizers and first-time buyers. Given the high real estate prices, they provided a valuable entry point into the market. This article highlighted the best neighbourhoods for townhome living. If you missed it, revisit it to discover the ideal spots for investment!
Oct – New Townhouses for Sale in Kelowna BC Coming Soon
For those interested in a luxurious Okanagan lifestyle, Shannon Lynn on the Lake emerged as an appealing investment option. Our article covered all the essential details about this West Kelowna development. If you haven’t seen it yet, check it out—this might be the perfect 2025 investment!
Nov – Prepping Kelowna Real Estate Listings for Winter
Most recently, we wrote about how you can prep your home for winter. This post is still applicable for a few more months, so make sure to read up on how to protect your investment this season!
Contact us Today!
As we wrap up 2024, we’re filled with gratitude for the opportunities, challenges, and achievements that defined this year. Whether you’ve been following our journey, exploring Kelowna realty, or working towards your own goals, we hope our real estate news blog has inspired and informed you along the way.
Here’s to even bigger milestones and exciting developments in 2025! Stay connected with us for expert insights, market updates, and behind-the-scenes moments as we continue to grow and serve Kelowna’s community. Reach out to us today to discuss how you can get ahead of your goals. Let’s make next year even more memorable together!
