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June 2019

Found 2 blog entries for June 2019.

As most of you are aware, the real estate market has changed somewhat. While it is not a strong buyer’s market, at this point, it is certainly no longer a Seller’s market either. Why the change?
 
In one word, Policy? All levels of government seem fixed on the plan to lower demand as a solution to rising prices. The flaw in this thinking is, by lowering demand (mortgage stress test, speculation tax, foreign buyer’s tax) there can be a negative impact on the overall economy.
 
Fewer sales and less new construction leads to reduced trades employment, reduced sales and services of things like appliances, furniture, flooring, movers and more. Such policy driven reductions will always create a drag on the economy and while we are still doing quite well in BC, as

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It’s a common question for those navigating the real estate market — when is the best time of year to list or shop for a home in Kelowna, Lake Country or Vernon? The truth is that there isn’t a simple answer.

Much like the stock exchange, the real estate market is always active. Buyers search for homes year-round and many sellers list their homes when they are ready to do so, regardless of the time of year. With that said, some common trends can be perceived in terms of inventory, sales activity, days on the market, and so on. Days on the market vary from Kelowna to Vernon.

Looking at historical data from the Okanagan Mainline Real Estate Board’s Market Stats regarding single family residences in the Okanagan region from 2017 and 2018, a higher

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