Market Updates

June 20, 2024

June 2024 South Okanagan Market Update

Spring had begun to warm up the air and the real estate market as 483 properties were listed across the South Okanagan in the month of May. This is up 4.5% over May of last year.

Year to Date there have been 2233 new listing put on the MLS® ...

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Posted in Market Updates
May 16, 2024

Have a Fling With Spring at Home

There is something special about spring. Perhaps it is because it is long anticipated during cold winter days and when it finally arrives it is like a breath of fresh air!

We are hoping that you are LOVING your Home now and invite you to join us and have a ...

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Posted in Market Updates
May 16, 2024

South Okanagan May Market Updates

You know Spring is here when the real estate market heats up!

There were 555 properties listed in the South Okanagan in April which is up 27% from April of last year. To date there have been 1752 new listings put on the MLS® System which is up 23% over ...

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Posted in Market Updates
May 1, 2024

BC Home Flipping Tax

The BC Government has announced a new market intervention measure whichthey hope will assist with housing supply.

The government is proposing to add a tax to the proceeds of the sale if thehome is sold within two years of purchasing.

The government believes flippers are harming an overheated market.The ...

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Posted in Market Updates
May 1, 2024

BC SHORT-TERM ACCOMODATIONS ACT

The BC Government has introduced theShort-Term Accommodations Act which is another market intervention implementedwith the intent to increase the housing supply.

In summary, the changes include:

  • Limiting short-term rentals to the host’sprincipal residence plus one secondary suite or accessory dwelling unit (ADU)in most major BC communities (populations of 10 ...
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Posted in Market Updates
March 12, 2024

A GUIDE TO MOVING WITH EASE

At RE/MAX, we're always striving to make transitions smoother and journeys more rewarding. We love helping you find that perfect place and sort through all the details that follow. With our Spring Market arriving, we wanted to take a moment to share some invaluable insights on the moving ...

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Posted in Market Updates
March 12, 2024

RE/MAX Okanagan February 2024 Market Update

The love affair with real estate in the South Okanagan continued throughout the month of February. New listing inventory was up 32.57% across the region as sellers came out of hibernation listing 403 new properties this February which is a big increase from the 304 listed same month last ...

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Posted in Market Updates
Jan. 16, 2024

South Okanagan BC Assessment Notices

Happy New Year from our home to yours! We hope that you had a fun filled & restful holiday season. While things quiet down for most businesses at the end of the year, our agents are busy getting ready to kick-off 2024! For some that might mean business planning, or ...

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Posted in Market Updates
Jan. 16, 2024

Making the Most Out of Staying Home

Now more than ever, home has become the perfect place for families to stretch their budget. If your crew is like ours, everyone is always itching to go out and do something, but as we walk in the door everyone chants in unison…

“Thank goodness, we are home!”

That’s ...

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Posted in Market Updates
Nov. 10, 2023

South Okanagan Market Update November 2023

We hope you and your family had a nice Halloween full of fun and memories. Make sure to give yourself extra time and a little grace this week in adjusting to the time change.

Our local real estate market in Summerland saw than usually with 46 new listings put for ...

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Posted in Market Updates