October typically sees a slowdown as we move into the winter months, but this year has been an exception, with activity picking up significantly.   Notably, there were 10 vacant lot sales, which is unusually high for this time of year. This suggests that home builders are gaining confidence in t

On Wednesday, the Bank of Canada announced a 0.5% (50 basis points) reduction in its policy rate, bringing the overnight interest rate down to 3.75%. With inflation now below the target of 2%—currently at 1.6% as of September—the Bank aims to invigorate the economy. Governor Tiff Macklem emphasized

Single Family Homes Although sales have declined, the average price of a single family home in Kelowna has remained fairly steady at $1,093,541 for the month of September. It seems that the higher priced homes are sitting while the lower priced homes are selling. Currently we have 15 months of inv