Kelowna Real Estate Market Stats - November 2016

(December 09, 2016)

Okanagan Mainline Real Estate Board (OMREB) reports residential sales in the Okanagan (Revelstoke to Peachland) continued to slow in November with 571 sales posted to the MLS®.  This transaction volume is down 26% from last month but still shows a 4% increase over November 2015.  

Key Single Family Residential Market Stats for the Central Okanagan (Peachland to Lake Country):

Assessments on the Rise

(December 07, 2016)

According to BC Assessment the increased real estate activity we've seen in 2016 will equate to significant increases in both residential and commercial assessments.

Tracey Wall, deputy assessor with the Thompson Okanagan, stated “increases of 5 - 20% will be typical for single-family homes in Kelowna, West Kelowna, Westbank and Lake Country. Typical strata residential increases will be in the 5... read more.