Category Archives for Real Estate News

Rom’s Feb 2023 Real Estate Opinion

Okanagan Market Prediction Light at the end of the tunnel As we predicted last month, we see some fairly positive light at the end of the tunnel in the real estate market in the interior of British Columbia. This light is coming from 2 directions. Generally, the spring market in real estate starts when the […]

Rom’s Jan 2023 Real Estate Opinion

Okanagan Market Prediction It’s a new year! I hope your 2023 has started off on a positive note! The big real estate stories for January 2023 are the absorption rate and the number of sales. Absorption Rate The absorption rate is down for the Central Okanagan zone encompassing Kelowna and surrounding areas. It is down […]

Should You Buy or Wait?

It is hard to believe January is already over. Is it my age, or is everyone feeling the time is going by faster? As the market is slower everywhere it is important to reach out to Buyers. Buyers have the impression not to buy or do the wait and see approach… sitting on the fence.   […]

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 an average of 10 to 15%. Then they […]

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. Prices and absorption have stabilized for the last […]

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, sales are down compared to last October. Past to Present October We need […]

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