OKANAGAN MARKET CHANGING 2014

2014 looks like it will be a great year.

Real Estate

Housing market on solid footing - REAL ESTATE REPORTER

Preliminary December sales data from several cities indicate Canada’s housing market is entering the new year in solid shape, with prices again showing more strength than economists expected.

After the protracted sales slump that hit the market in the summer of 2012, economists were surprised by the degree to which it rebounded during the latter half of last year. The spring market got a jolt from falling mortgage rates and, ironically, sales got an even bigger boost in the late summer and early fall from rising mortgage rates – which spooked some buyers into jumping into the market before rates rose further.

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