Krieg Family Kelowna Real Estate News – April


Sales Across Canada Are Looking Up! Kelowna: We think that the mortgage market is influencing the buyers. With the recently earlier than expected increase in some mortgage rates and the expected increase in the Bank of Canada rate later this summer, it is likely that some buyers have decided that now is the time either to get into the market or make a move up or down according to their changing needs. Further increases in borrowing costs are likely to be gradual, so while there may be some slowing in market activity later in the year, we anticipate this will…

Read More »

May Kelowna Real Estate News – April’s Statistics


Renewed Confidence in the Market Enjoy the blooming orchards! KELOWNA: As you may notice further down the page, the major cities in Canada all have improved markets which is good news for Kelowna as we benefit from migration. Undoubtedly, this market has been challenging for both buyers and sellers. Nevertheless, the improvement in recent months is an encouraging sign. This is evident due to a stronger sales-to-active-listings ratio of over 9% in single family dwellings. There’s more confidence in the housing market today than at the end of 2008 and prices have remained stable with some modest fluctuations up and…

Read More »