Category Archives for Real Estate News

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

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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% […]

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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 […]

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