MARKET HEADING FOR BALANCE Colin Dacre – Nov 27, 2024 / 4:00 am | Story: 519628 The Central Okanagan real estate market is expected to come back to life in 2025, but not in a big way, according to Re/Max Canada. The real estate giant has published its 2025 outlook with a prediction that average […] The post Kelowna real estate market to swing back to balance in 2025 appeared first on The Mayne Brothers ..read more

Vancouver, BC – June 13, 2024. The British Columbia Real Estate Association (BCREA) reports that 8,075 residential unit sales were recorded in Multiple Listing Service® (MLS®) systems in May 2024, a 11.6 per cent decrease from May 2023. The average MLS® residential price in BC in May 2024 was down 1.5 per cent at $1 million, compared to an average price of $1.02 million in May 2023. The total sales dollar volume was $8.1 billion, a 13 per cent decline from the same time the previous year.     “Markets could not match the surge in home sales that occurred this time last year,” s ..read more

As if buying or selling a home wasn’t stressful enough, having to sell your home and buy another simultaneously is double the stress and worry. It might seem simple enough for some – the stars align, and selling their original home while purchasing a new home occurs smoothly. For the rest of us, who may not be so lucky thanks to ever-changing real estate markets, we’ve got a few things for you to consider when trying to buy a new home while selling your old home. There are plenty of discussions about which is better to do first: buy the new home so you have a place to go when you sell your c ..read more

Vancouver, BC – May 15, 2024. The British Columbia Real Estate Association (BCREA) reports that 7,569 residential unit sales were recorded in Multiple Listing Service® (MLS®) systems in April 2024, an increase of 1.5 per cent from April 2023. The average MLS® residential price in BC in April 2024 was up 1.4 per cent at $1 million, compared to an average price of $992,440 in April 2023. The total sales dollar volume was $7.6 billion, an increase of 3 per cent from the same time the previous year. “April was an above-average month for new listings activity, registering the highest pace since 202 ..read more

Vancouver, BC – May 15, 2024. The British Columbia Real Estate Association (BCREA) reports that 7,569 residential unit sales were recorded in Multiple Listing Service® (MLS®) systems in April 2024, an increase of 1.5 per cent from April 2023. The average MLS® residential price in BC in April 2024 was up 1.4 per cent at $1 million, compared to an average price of $992,440 in April 2023. The total sales dollar volume was $7.6 billion, an increase of 3 per cent from the same time the previous year. “April was an above-average month for new listings activity, registering the highest pace since 202 ..read more

When you are looking to sell your home, you may want to strike out on your own, especially if you have done it before. You can handle the sale—this isn’t your first rodeo! And why relinquish a portion of the profits to someone else?  While it might seem like a better option, privately selling your home without an expert to help is not easy. Kelowna real estate and the neighbourhoods you’ll find it in are well-known and some are very sought after. No matter which one you choose, you’ll find a place that’s best suited for you and your family.   Privately selling your home is a full ti ..read more

BCREA 2024 Second Quarter Housing Forecast Vancouver, BC – April 25, 2024. The British Columbia Real Estate Association (BCREA) released its 2024 Second Quarter Housing Forecast today. Multiple Listing Service® (MLS®) residential sales in BC are forecast to increase 7.8 per cent to 78,130 units this year. In 2025, MLS® residential sales are forecasted to strengthen further, rising to 86,480 units.   “After a slow start for the housing market in 2024, all eyes are on the Bank of Canada. Although fixed mortgages are down significantly, it appears that buyer confidence is hinging on se ..read more

Vancouver, BC – April 15, 2024. The British Columbia Real Estate Association (BCREA) reports that a total of 6,460 residential unit sales were recorded in Multiple Listing Service® (MLS®) systems in March 2024, a decline of 9.5 per cent from March 2023. The average MLS® residential price in BC in March 2024 was up 6.5 per cent at $1.02 million, compared to an average price of $958,051 in March 2023. The total sales dollar volume was $6.6 billion, a decrease of 3.6 per cent from the same time the previous year. “March capped off a slow start to the first quarter of 2024,” said BCREA Chief Econo ..read more

There’s plenty of things to take into consideration when deciding where to raise your family. You’ll likely want an area with good schools, but do you like being up in the hills or down near the water? Adjacent to downtown or closer to nature? Kelowna real estate and the neighbourhoods you’ll find it in are well-known and some are very sought after. No matter which one you choose, you’ll find a place that’s best suited for you and your family. Glenmore Located at the north end of the city, Glenmore is a mix of suburban and country living, and is one of the most family-friendly communities i ..read more

BCREA 2023 Fourth Quarter Housing Forecast Vancouver, BC – October 25, 2023. The British Columbia Real Estate Association (BCREA) released its 2023 Fourth Quarter Housing Forecast today. Multiple Listing Service® (MLS®) residential sales in BC are forecast to decline 4.8 per cent to 76,700 units this year. In 2024, MLS® residential sales are forecast to post a modest rebound, rising 4.8 per cent to 80,375 units. “Activity in the BC housing market has mirrored movements by the Bank of Canada over the past two years,“ said Brendon Ogmundson, Chief Economist. “As such, there is little reason ..read more