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

Vancouver, BC –  March 13, 2024. The British Columbia Real Estate Association (BCREA) reports that a total of 5,497 residential unit sales were recorded in Multiple Listing Service® (MLS®) systems in February 2024, an increase of 15.3 per cent from February 2023. The average MLS® residential price in BC in February 2024 was up 4.7 per cent at $987,798 compared to an average price of $943,574 in February 2023. The total sales dollar volume was $5.4 billion, an increase of 20.7 per cent from the same time in the previous year. “The BC housing market is in a period of relative calm entering ..read more

  The dream of owning a single-family home with a huge yard and a white picket fence is one that many feel is out of reach for anyone younger than the Baby Boomers. Prices have gone up exponentially in a lot of major centres, which leads to the price of a down payment to also increase. Trying to save up that much money can take years for a lot of people, especially since wages haven’t increased at the same rate. There has also been a lack of homes even available to purchase, especially those that would be considered affordable for most. Municipalities like Kelowna are looking at building ..read more

Vancouver, BC –  February 13, 2024. The British Columbia Real Estate Association (BCREA) reports that a total of 3,979 residential unit sales were recorded in Multiple Listing Service® (MLS®) systems in January 2024, an increase of 29.4 per cent from January 2023. The average MLS® residential price in BC in January 2024 was up 10.5 per cent at $957,909 compared to an average price of $866,922, the low-point for average prices over the past two years. The total sales dollar volume was $3.8 billion, an increase of 42.9 per cent from the same time in the previous year. “Home sales are on a c ..read more

There’s been a lot of chatter about investment properties these days. Some of it positive—like how it’s a great source of passive income—and some of it not so much. There’s also plenty of legislation and red tape that has been announced by the government. If you’re considering getting into the investment property game, then there are a few things you should be aware of before you dive into the Kelowna real estate market. Let’s start by prefacing this: there is nothing wrong with owning an investment property. There’s a difference between having a house on the lake that you rent out for a port ..read more

When you hear ‘Okanagan’, you automatically think of summer, right? What with the sunshine and the lake and the beaches, it’s not surprising that people’s minds envision the area in the warmer months. But what if we told you that Kelowna and the surrounding area was just as great a place to visit in the winter? No, we really mean it! Kelowna and the surrounding area are great places to escape the bitter cold and embrace the season everyone loves to hate. Start the new year off right by embracing the cold and try something new by spending winter in Kelowna.   Oh so mild While some areas o ..read more

Vancouver, BC –  December 12, 2023. The British Columbia Real Estate Association (BCREA) reports that a total of 4,630 residential unit sales were recorded in Multiple Listing Service® (MLS®) systems in November 2023, an increase of 2.2 per cent from November 2022. The average MLS® residential price in BC was $964,246 up 6.6 per cent compared to November 2022. The total sales dollar volume was $4.5 billion, representing an 8.9 per cent increase from last year “Despite high mortgage rates and generally weak sales, home prices across the province have been remarkably resilient in 2023,” sai ..read more

You might think selling your house in the winter is like selling your home in the summer, but that’s not necessarily the case. While in the warmer months, you can rely on landscaping and gardens to help increase the curb appeal, in the winter, those things are often hidden under snow.  So, how do you get your home noticed? We’ve got some Winter real estate tips and ideas for selling during the holidays.   Outside the house Clear a path Before potential buyers even walk through the front door, they need to be able to get to it. Make sure you clear the driveway and any walkways so the ..read more