What will Kelowna Real Estate do in 2021? Is it time to sell or buy your Kelowna real estate?
Read what the BC Real Estate Association thinks and the stats for 2020
Fourth Quarter – November 2020
The COVID-19 pandemic and associated recession have impacted housing markets in unexpected and unpredictable ways. Despite what may be the worst recession in BC history, the housing market had a record fall season and prices are rapidly rising as pent-up demand floods into an under-supplied market.
As that pent-up demand from the loss of a spring season fades, sales will likely slow from their current pace, but activity is expected to remain strong as record-low mortgage rates and a recovering economy continue to drive sales.
The average Canadian…