Rom’s Dec 2022 Real Estate Opinion
Okanagan Market Prediction The Year 2022 2022 was a whirlwind of a year. In the first quarter of 2022 our prices rose, our absorption was through the roof and sales were record highs. After that it's been mostly downhill. By the second quarter of 2022, prices dropped...
Tax Fighter Guide for HomeOwners
Tax Fighter Guide for the Homeowner Here is your guide to appealing your property assessment notice. Pay your fair share of property taxes and not a penny more! Click the TaxFighter link below: TaxFighterPDF
Rom’s Nov 2022 Real Estate Opinion
Okanagan Market Prediction The month of November is following in the tracks that we expected it to. The first quarter of 2022 saw a huge price increase. The second quarter saw a 10 to 15% price drop. Past to Present November Since then it’s been flat as a pancake....
Rom’s Oct 2022 Real Estate Opinion
Okanagan Market Prediction The market in the Okanagan for October is responding pretty much the way we anticipated. It continues to "Stabilize" or flatten out. We are starting to experience the seasonal slowdown that we experience every year at this time. However,...
Rom’s Sept 2022 Real Estate Opinion
Okanagan Market Prediction The keyword for this month is stabilization. The absorption has stabilized, prices have stabilized and inventory has stabilized. There are some interesting things going on in this correction which is keeping this market stable and putting a...
Rom’s August 2022 Real Estate Opinion
Okanagan Market Prediction Whether the market direction is changing from down to up or up to down, trying to predict the immediate future of the market is like trying to hang glide with a frisbee. There is just not enough new data yet. Going Up The absorption in the...
Bank of Canada Rate Hike
Rom’s July 2022 Real Estate Opinion
Okanagan Market Prediction The Real Estate market in the Okanagan is going through the predicted correction of the last couple of months. The big story this month is the market changes in the Kelowna area. Absorption has dropped to 11%. In general, a...
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...
Rom’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. ...
Rom’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...
Rom’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...