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 […]
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 […]
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 […]
July 24, 2024 Good news from the Bank of Canada today as it delivered a widely expected interest rate cut today, marking the second consecutive time it has lowered its policy rate this year. The quarter-percentage-point cut brings its policy rate down to 4.5%. What does this mean for you? This will bring some continued […]
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 […]
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 […]
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 […]
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 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 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 […]
Kelowna Real Estate Stats & Trends - Market Watch With Kelowna Real Estate Agent Darcy Nyrose January 1, 2024 What's in store for 2024? In this month's Market Watch, experienced Kelowna Realtor Darcy Nyrose provides insight and predictions into Kelowna's real estate market and what we can expect to see in 2024. From interest rates […]
Kelowna Real Estate Stats & Trends - Market Watch With Kelowna Real Estate Agent Darcy Nyrose December 1, 2023 In this month's Kelowna Real Estate Market Report, Kelowna Realtor Darcy Nyrose recaps the current real estate market and what happened in November 2023. With incoming proposed changes to short term rental bylaws and regulations, we're […]
Kelowna Real Estate Stats & Trends - Market Watch With Kelowna Real Estate Agent Darcy Nyrose November 1, 2023 In this month's Kelowna Real Estate Market Report, Kelowna Realtor Darcy Nyrose talks about winning at real estate by playing the long game. It's a lot like football. When you strategize with the mindset of patience […]
Kelowna Real Estate Stats & Trends - Market Watch With Kelowna Real Estate Agent Darcy Nyrose October 1, 2023 If September's real estate sales seem low, it's not your imagination. This was the least amount of sales in the Central Okanagan for the month of September in at least the past ten years. With only […]
Kelowna Real Estate Stats & Trends - Market Watch With Kelowna Realtor Darcy Nyrose September 1, 2023 Often in the Kelowna real estate market, August slows down a little bit. Out-of-town buyers are on their way home (many Alberta school districts start in late-August, as an example), and our local families try and take advantage […]
Kelowna Real Estate Stats & Trends - Market Watch With Kelowna Realtor Darcy Nyrose August 1, 2023 On July 12, 2023, the Bank of Canada announced another interest rate hike, right on the heels of one in June. Leading to this announcement, many were speculating if rates would hold, continue to raise, or even go […]
July 12, 2023 - The Bank of Canada has raised its interest rate by another 25 points to 5 per cent, right on the heals of June's rate increase. While this wasn't unexpected today, many are wondering how this will affect the real estate market moving forward. New Developments If the Developer has not yet […]
Kelowna Real Estate Stats & Trends - Market Watch With Kelowna Realtor Darcy Nyrose July 1, 2023 It's July, the longest day of the year is behind us, and we're halfway to 2024. This allows us to have excellent insight on what's happened in our real estate market so far this year, as well as […]
Kelowna Real Estate Stats & Trends - Market Watch With Kelowna Realtor Darcy Nyrose June 1, 2023 Great news is that this spring we're seeing a more balanced market which is better for everyone. A balanced market is one where there is approximately 4-6 months of inventory and it's great to see all home categories […]
Kelowna Real Estate Stats & Trends - Market Watch With Kelowna Realtor Darcy Nyrose May 1, 2023 Qualified buyers are back! We're seeing buyers who are ready to purchase coming from out-of-town, out-of-province and locally as well. We're also seeing more and more sellers ready to price their homes at current fair market value. This […]
April 12, 2023 - The Bank of Canada announced today that it will continue to hold its key interest rate at 4.5%. 2021 and the early months of 2022 saw low inventory, record-high housing prices and low interest rates. It was a combination that resulted in further reducing inventory and escalating real estate prices. In […]
Kelowna Real Estate Stats & Trends - Market Watch With Kelowna Realtor Darcy Nyrose April 1, 2023 It's The New Normal. In this month's Kelowna real estate market update, Darcy provides excellent insight into the past year. Since April 2022, we've seen a calming of the market. With interest rate hikes and buyer uncertainty, a […]
Kelowna Real Estate Stats & Trends - Market Watch With Kelowna Realtor Darcy Nyrose March 1, 2023 Watch as Darcy Nyrose shares what happened in the Kelowna Real Estate Market in February 2023 and why he's pumped for the rest of 2023. When comparing to last year's numbers, don't worry. February 2022 was crazy. […]
