All posts by Rom Houtstra
Rom’s June 2022 Real Estate Opinion
What is happening to our house prices? In the Central Okanagan stats show that the average price has dropped slightly in May 2022 compared to April 2022. BUT! A month does not make a market. What it does mean is that the crazy frenzy of multiple offers (all over list price!) is over. If we see a […]
Continue readingBUSINESS FOR SALE: Profitable Okanagan Based Wood Panel Manufacturing Company
Okanagan Wood Panelling Business For Sale One of the cleanest, highly profitable businesses available – this Okanagan wood panelling manufacturing business offers an ease of operation with 8 long term employees. Two key staff can run the manufacturing end of the business. Little competition with export around 70% to the US. 25 plus years of […]
Continue readingRom’s April 2022 Real Estate Opinion
What’s happening in the Okanagan Real Estate Market? The Federal Government has announced 2 ways they are considering to slow down the upward pressure on house prices. Firstly, a proposed ban on foreign buyers purchasing houses across Canada for the next 2 years. However, the percentage of foreign buyers in Canada has dropped from 9% […]
Continue readingRom’s November Real Estate Stats & Opinion
Okanagan Real Estate Report November 2021 *click images to enlarge Rom’s Real Estate Opinion The real estate industry is full of surprises; never a dull moment. That’s why I love this business so much. Very often people quote “history repeats itself”. It’s pretty hard to find historical data that illustrates that history is repeating itself in […]
Continue readingRom’s October Real Estate Stats & Opinion
Okanagan Real Estate Report October 2021 *click images to enlarge Rom’s Real Estate Opinion This month the overall message for our real estate market is positive, (with a little bit of caution). The market is cruising along just as we predicted. Perhaps a little better than we predicted. Let’s talk Absorption The absorption (percentage of […]
Continue readingReputable & Profitable Kelowna Archery & Hunting Goods Business – $300,000
Kelowna Hardcore Archery Business Hardcore Archery is a full-service archery store located in a high-traffic area. It is the most recognized & largest Bow only store in BC and is known all over Western Canada. They have increased their sales this last calendar year alone by over 35%! The sales portion of the store […]
Continue readingRom’s May Real Estate Stats & Opinion
Okanagan Real Estate Report May 2021 Rom’s Real Estate Opinion There is a very tiny crack in the foundation of the Real Estate market in the Okanagan right now. Sales are actually down in the Kelowna area. If you look back over the years there is almost always an increase in sales from April to […]
Continue readingRom’s April Real Estate Stats & Opinion
Okanagan Real Estate Report April 2021 Rom’s Real Estate Opinion In the current whirlwind real estate market, we are hearing many stories emerging of how fast-paced and wild the home buying process has become. I wanted to share a story with you all today. Home Buyers Debacle A local realtor detailed an experience she had […]
Continue readingRom’s March Okanagan Real Estate Stats & Opinion
Okanagan Real Estate Report March 2021 Rom’s Real Estate Opinion Imagine in any given market, statistics were so off the charts that an experienced analyst says, “It must be a typo”. In March the absorption in the Central Okanagan was 99.76%! What does that mean? In March, virtually all houses that were on the market […]
Continue readingRom’s January Okanagan Real Estate Stats & Opinion
Okanagan Real Estate Report January 2021 Rom’s Real Estate Opinion The Okanagan Real Estate Market is continuing its robust, upward direction. Many houses are currently selling for above list price! All signs point toward another robust year. A question I hear a lot these days is, “Is now a good time to sell”? Absolutely it […]
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