Kelowna Real Estate Stats & Trends - Market Watch With Kelowna Real Estate Agent Darcy Nyrose December 1, 2024 The condo market led the way in November with sales volume and average sale price up over both November of 2023 and last month. The townhome and single family home categories were both up in sales […]
The holiday season is here, and that means it’s time to bundle up, sip on some hot chocolate, and dive into the festive spirit! Looking for the perfect handmade gift? Hunting for holiday treats? Wanting to support local? Kelowna's Christmas markets have something for everyone. From traditional German treats to local artisan crafts, these markets […]
We’re excited to introduce the latest member of our team—James Bulford! Born and raised in Kelowna, James is a true local with a wealth of experience and a passion for helping people find their perfect home. Whether he’s working with clients or exploring the city, his energy and enthusiasm are contagious. We asked James a […]
Kelowna Real Estate Stats & Trends - Market Watch With Kelowna Real Estate Agent Darcy Nyrose November. 1, 2024 People always ask "when will the market hit rock bottom". Well the only real way to know when we're at the bottom of the market is when we come out the other side. But, with proper […]
October 23, 2024 Good news from the Bank of Canada again today as it delivered a widely expected fourth consecutive interest rate cut. The 50 basis points cut brings the rate down to 3.75%. This is great news for buyers. The last time the rate was this low was when it rose to 3.75% in […]
Making the choice between buying a new home or a resale property can be tough. But don’t worry—the Kelowna Real Estate Pros at Nyrose & Associates are here to help. Our team is comprised of experts who specialize in Kelowna’s new home and development market, and we’ve got the knowledge to guide you through the […]
Kelowna Real Estate Stats & Trends - Market Watch With Kelowna Real Estate Agent Darcy Nyrose October. 1, 2024 Buyers, it is still your market! Now is a great time to buy. With a good amount of inventory, a dip in average sale price, and interest rates going down, it's a good time to consider […]
Nestled in the Upper Mission, this brand-new condo community is designed for those who want more – more space, more comfort, and most importantly, more of that Kelowna lifestyle. While new, these aren’t presale. You won’t need to worry about delays, or waiting years to live there either. Alpha at Ascent, the first building, will […]
Kelowna Real Estate Stats & Trends - Market Watch With Kelowna Real Estate Agent Darcy Nyrose Sept. 1, 2024 Savvy buyers - it's your market. While the numbers of homes for sale in the Central Okanagan had been increasing throughout spring and summer, inventory dipped in August over July. Buyers do still have more choice […]
As of August 1, 2024, the Canadian government has introduced a significant change to mortgage rules, allowing 30-year amortizations for first-time homebuyers purchasing newly built homes. Deputy Prime Minister Chrystia Freeland described the changes as an opportunity to “restore generational fairness” for younger people trying to break into the housing market by reducing monthly mortgage payments. This […]
Going green isn’t just a trend; it’s an efficient way to live that helps improve our world. For most, making changes at home is the easiest way to start your own personal green movement.
Kelowna Real Estate Stats & Trends - Market Watch With Kelowna Real Estate Agent Darcy Nyrose Aug 1, 2024 Kelowna's 2024 real estate market is influenced by several factors, particularly higher interest rates, which has reduced buyer activity. The ban on short-term rentals has caused some investors and vacation homeowners to sell, while others transition […]
Kelowna Real Estate Stats & Trends - Market Watch With Kelowna Real Estate Agent Darcy Nyrose July 1, 2024 Buyers - it's your market. This is the most inventory that's been on the market in the past 10 years (3,424 active listings in all categories in the Central Okanagan) - with last month and Spring/Summer […]
It’s no surprise that 2024 has been a big year for Kelowna - from events and new home developments to the biggest piece of news yet… hitting a population milestone. With all the perks Kelowna has to offer, it’s no wonder the region has become Canada’s fastest-growing urban area. The Okanagan lifestyle is one that […]
Kelowna Real Estate Stats & Trends - Market Watch With Kelowna Real Estate Agent Darcy Nyrose June 1, 2024 The weather dampened the May real estate market a bit, making it more difficult for our out-of-town buyers from the Lower Mainland and Alberta to make the drive over. How is the short-term rental ban and […]
West Kelowna is expected to welcome approximately 12,000 new residents by 2040, according to the West Kelowna Official Community Plan. Targeted to welcome a portion of this growth is the master-planned community of Tallus Ridge in Shannon Lake, which is being developed at a pace aligned with buyer demand. This weekend is a great opportunity […]
Kelowna Real Estate Stats & Trends - Market Watch With Kelowna Real Estate Agent Darcy Nyrose May 1, 2024 In this month's Market Report, experienced Kelowna Real Estate Pro, Darcy Nyrose, takes a look at what happened in the market in April 2024. BC's new legislation surrounding short-term rentals went into effect today, and we've […]
Are you on the fence about purchasing a new home because you're waiting for interest rates to drop? Now is the perfect time to buy in the award-winning Quail Landing community. With a newly announced, limited-time promotional interest rate of 3.49% for three years courtesy of a collaboration between the developer and RBC, prospective homeowners […]
April 10, 2024 As expected, the Bank of Canada held its key interest rates at 5%. The central bank emphasized that while inflation remains elevated, there has been a downward trend in core inflation measures, which exclude volatile sectors such as food and energy, over recent months. Addressing queries during a press briefing subsequent to […]
Kelowna Real Estate Stats & Trends - Market Watch With Kelowna Real Estate Agent Darcy Nyrose April 1, 2024 In this month's Market Report, experienced Kelowna Real Estate Pro, Darcy Nyrose, takes a look at what happened in the market in March 2024. The spring market has started a bit early with more homes hitting […]
Kelowna Real Estate News - New Home Flipping Tax discourages real estate speculators in an aim to make housing more accessible to families. The provincial government revealed plans for the BC home flipping tax in late February, as part of the Provincial Budget 2024. Implementation Date: Set to take effect on income earned from homes […]
Kelowna Real Estate Stats & Trends - Market Watch With Kelowna Real Estate Agent Darcy Nyrose February 1, 2024 In this month's market report, Darcy talks about how Kelowna's spring market has come early. With the holding of interest rates, Buyers have re-ignited their search and Prospective Home Sellers have gotten their homes listed ahead […]
Kelowna Real Estate News - Relief For Some Home Buyers With BC Government's Expanded PTT Exemptions On February 22, the Provincial Government introduced their 2024 Budget which included several significant updates specifically relating to housing. One of the biggest changes is to the province's Property Transfer Tax. Beginning April 1, 2024, the exemptions will expand, […]
Kelowna Real Estate Stats & Trends - Market Watch With Kelowna Real Estate Agent Darcy Nyrose February 1, 2024 In this month's market report, Darcy takes a look at what happened in January 2024 and what we can expect to see this upcoming spring. Here's an interesting fact that Darcy observed: over 1/3 of the […]
