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 fairly abrupt end to our correction, for now. Unemployment The most important one being that […]

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 Central Okanagan went from 11% in […]

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 consistent absorption above 20% will create upward pressure on prices. A consistent absorption below […]

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 […]

BUSINESS 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 […]

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.  However, the percentage of foreign buyers in Canada has dropped from 9% […]

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 hard to find historical data that illustrates that history is repeating itself in […]

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 better than we predicted. Let’s talk Absorption The absorption (percentage of […]

Rom’s August Real Estate Stats & Opinion

Okanagan Real Estate Report August 2021 *click images to enlarge Rom’s Real Estate Opinion The phrase of the month for August 2021 for the Okanagan Real Estate market is “Levelling Off”. I hate to be a broken record but this is what was expected. The insane market of the last 2 quarters of 2020 and […]