Understanding Market Trends: Buyer’s vs. Seller’s Markets in Kelowna and the Okanagan
As of late 2024, the Kelowna and Okanagan market is firmly in a buyer’s market phase. Over the past two years, high interest rates have slowed the market as borrowing costs have increased, cooling buyer enthusiasm and leading to a buildup in available inventory. The interest rate hikes from 2022 through 2023 raised the cost…