Market Update for Penticton and Area

Well, we all know that Vancouver has been on fire! Asian buyers coming in and buying lots of condos. In the Okanagan, we are not realizing that spin off. We tend to follow the trends of the big city yet, last year, that didn’t come to fruition.  I recently read a report from the British Columbia Real Estate Association (BCREA) saying that Vancouver realized fewer sales this February compared to last year. Our local board numbers are, however, up year over year compared to last. (Take that Vancouver!!)

BCREA news release

I just could never live in the city anyways. I do, however, read the reports and visit my brother in Yaletown here and there… (he is getting married in JUNE!!!!)