{"id":5150,"date":"2017-09-24T21:28:45","date_gmt":"2017-09-24T21:28:45","guid":{"rendered":"http:\/\/bc-real-estate.com\/?p=5150"},"modified":"2019-10-05T19:06:50","modified_gmt":"2019-10-05T19:06:50","slug":"september-2017-okanagan-market-update-crash-coming","status":"publish","type":"post","link":"https:\/\/bc-real-estate.com\/september-2017-okanagan-market-update-crash-coming\/","title":{"rendered":"September 2017 Okanagan Market Update – Is a Crash Coming?"},"content":{"rendered":"
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[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_empty_space height=\"16px\"][vc_row_inner content_placement=\"middle\"][vc_column_inner width=\"1\/2\"][vc_custom_heading text=\"2014: Average Sale Vs Inventory\" font_container=\"tag:h3|text_align:left\" use_theme_fonts=\"yes\"][vc_single_image image=\"12432\" img_size=\"full\" alignment=\"center\" style=\"vc_box_shadow_3d\" onclick=\"link_image\" css_animation=\"fadeIn\"][\/vc_column_inner][vc_column_inner width=\"1\/2\"][vc_column_text]<\/p>\n
[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_empty_space height=\"16px\"][vc_row_inner content_placement=\"middle\"][vc_column_inner width=\"1\/2\"][vc_custom_heading text=\"2015: Average Sale Vs Inventory\" font_container=\"tag:h3|text_align:left\" use_theme_fonts=\"yes\"][vc_single_image image=\"12433\" img_size=\"full\" alignment=\"center\" style=\"vc_box_shadow_3d\" onclick=\"link_image\" css_animation=\"fadeIn\"][\/vc_column_inner][vc_column_inner width=\"1\/2\"][vc_column_text]<\/p>\n
[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_empty_space height=\"16px\"][vc_row_inner content_placement=\"middle\"][vc_column_inner width=\"1\/2\"][vc_custom_heading text=\"2016: Average Sale Vs Inventory\" font_container=\"tag:h3|text_align:left\" use_theme_fonts=\"yes\"][vc_single_image image=\"12434\" img_size=\"full\" alignment=\"center\" style=\"vc_box_shadow_3d\" onclick=\"link_image\" css_animation=\"fadeIn\"][\/vc_column_inner][vc_column_inner width=\"1\/2\"][vc_column_text]<\/p>\n
[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_empty_space height=\"16px\"][vc_row_inner content_placement=\"middle\"][vc_column_inner width=\"1\/2\"][vc_custom_heading text=\"2017: Average Sale Vs Inventory\" font_container=\"tag:h3|text_align:left\" use_theme_fonts=\"yes\"][vc_single_image image=\"12435\" img_size=\"full\" alignment=\"center\" style=\"vc_box_shadow_3d\" onclick=\"link_image\" css_animation=\"fadeIn\"][\/vc_column_inner][vc_column_inner width=\"1\/2\"][vc_custom_heading text=\"Notice anything different?\" font_container=\"tag:h3|text_align:left\" use_theme_fonts=\"yes\"][vc_column_text]<\/p>\n
[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_empty_space height=\"16px\"][vc_row_inner content_placement=\"middle\"][vc_column_inner width=\"1\/2\"][vc_custom_heading text=\"Interest Rates\" font_container=\"tag:h3|text_align:left\" use_theme_fonts=\"yes\"][vc_single_image image=\"12437\" img_size=\"full\" alignment=\"center\" style=\"vc_box_shadow_3d\" onclick=\"link_image\" css_animation=\"fadeIn\"][\/vc_column_inner][vc_column_inner width=\"1\/2\"][vc_column_text]<\/p>\n
[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row][vc_column][vc_empty_space][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=\"Provincial & Federal Government\" font_container=\"tag:h3|text_align:left\" use_theme_fonts=\"yes\"][vc_empty_space height=\"16px\"][vc_column_text]Both the Federal and Provincial governments are proposing changes in the tax rules which look to increase taxes. These changes will effect everyone from low income to business owners. Based on conversations with many individuals we have found that most potential buyers are waiting to see what happens with the new rules before jumping into a home purchase. Some have even decided to put their homes on the market in order to lower their risk.[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_empty_space][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=\"So Is a Crash Coming?\" font_container=\"tag:h3|text_align:left\" use_theme_fonts=\"yes\"][vc_empty_space height=\"16px\"][vc_column_text]I personally believe a correction is definitely coming but it is still to early to tell if a full blown crash is going to happen. The Okanagan is a very desirable location and the demand for properties in Kelowna is still fairly high. The rental incomes earned from Kelowna Real Estate<\/a> are still very alluring to investors which also keeps demand coming. However even with all this demand, the supply is no increasing and at a rapid rate which should help to see the market cool down.[\/vc_column_text][vc_column_text]So what do you think? Will the market in Kelowna crash? Leave a comment down below with your thoughts![\/vc_column_text][vc_single_image image=\"12733\" img_size=\"full\"][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":" [vc_row type=”vc_default” css=”.vc_custom_1506287299113{background-color: #cccccc !important;}”][vc_column][\/vc_column][\/vc_row][vc_row][vc_column][vc_empty_space][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=”Let’s Look At The Data” font_container=”tag:h2|text_align:center” use_theme_fonts=”yes”][vc_empty_space height=”16px”][vc_column_text]History tends to repeat itself; so before looking towards the future it is wise to look at the past. By reviewing the historical data, you would be able to have a better chance to accurately predicting what is to come next. We shall…<\/p>\n","protected":false},"author":1,"featured_media":12451,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[162,178,172,176],"tags":[179,173,150,158,163,174],"class_list":["post-5150","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-house-prices","category-interest-rates-zh-hans","category-kelowna-market-update","category-world-news","tag-interest-rates-zh-hans","tag-kelowna-market-update","tag-kelowna-real-estate-tips","tag-okanagan-real-estate","tag-property-prices","tag-real-estate-market-update","category-162","category-178","category-172","category-176","description-off"],"yoast_head":"\n