Michael A. Jones - PREC* | Royal LePage Kelowna

October data shows a market finding balance despite cautious buyer sentiment. Bank of Canada rate cuts are stabilizing prices and maintaining seasonal activity, but they are not driving demand spikes. Sales fell 5.6% year over year while dollar …

Michael A. Jones - PREC* | Royal LePage Kelowna

August data confirms a buyer-leaning market. New listings have declined for six straight months. Supply sits higher than last year, yet lower than July. Sales rose 12% year over year, but fell from last month as the fall …

Michael A. Jones - PREC* | Royal LePage Kelowna

Canada’s housing market is beginning to show signs of real momentum again. CREA reports four straight months of rising sales, fewer listings, and faster turnover. That has many, including CREA’s Senior Economist Shaun Cathcart, contemplating whether a seller’s market is …

Michael A. Jones - PREC* | Royal LePage Kelowna

July was an interesting month, marking a slight return to overall momentum. Sales rose month-over-month, largely spurred by increased condo sales, representing a market driven by first-time buyers and people downsizing. Buyers acted despite steady rates. Inventory remains high, …