Real Estate Blog

Residential Market Activity Below Normal for Month of July

Posted on Aug 05, 2022 in Market Statistics

Residential real estate sales for the month of July in the region slid down to pre-pandemic activity, reports the Association of Interior REALTORS® (the Association). 

A total of 1,196 residential unit sales were recorded across the Association region, marking a 33.3% decrease compared to the number of units sold during the hot market of July 2021. 

“S...

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Mortgage Rate Hike Dampening Residential Market Activity

Posted on Jul 07, 2022 in Market Statistics

KELOWNA, B.C. – July 6th, 2022. Residential real estate sales for the month of June in the region are slowing after the recent mortgage rate interest hikes by the Bank of Canada reports the Association of Interior REALTORS® (the Association). A total of 1,466 residential unit sales were recorded across the Association region, marking a 30.3% decrea...

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Residential Real Estate Market Value Remains Steady As Sales Dip Slightly

Posted on Jun 06, 2022 in Market Statistics

KELOWNA, B.C. – June 3rd, 2022. Residential real estate sales for the month of May suggests market activity on a path of normalizing in the region while demand still remains high, reports the Association of Interior REALTORS® (the Association). A total of 1,687 residential unit sales were recorded across the Association region, marking a 24.9% decr...

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Residential Real Estate Market Levelling Out Amid Interest Rate Hike

Posted on May 04, 2022 in Market Statistics

Residential real estate sales for the month of April showing signs of settling down after more than a year of historical high sales in the region, reports the Association of Interior REALTORS® (the Association). A total of 1,708 residential unit sales were recorded across the Association region, marking a 31.9% decrease compared to a record high nu...

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Residential Real Estate Market Hits All-Time Record for March

Posted on Apr 05, 2022 in Market Statistics

Residential real estate sales for the month of March saw a slight uptick over February sales showing signs that the typically busy spring market has commenced in the region, reports the Association of Interior REALTORS®. A total of 1,898 residential unit sales were recorded across the Association region, marking a 25% decrease compared to a record...

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Lack of Supply Continues to Drive the Residential Real Estate Market

Posted on Mar 08, 2022

Residential real estate demand across the Association region remains strong heading into the seasonally busy spring months despite a persistent lack of inventory in the region and throughout the province, reports the Association of Interior REALTORS®.

A total of 1,516 residential unit sales were recorded across the Association region, marking a 15...

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