The North Okanagan might not be the boiling market it was back in 2007. We've taken alot of hits due to cheaper markets down South and an overall weaker economy. But things are no longer looking as bleak as they used to appear.
February and March have had a surpring influx of Buyers and Sellers(Finally with enough faith in the market to list and move), at least in the Realtor's opinion and business. With the removal of the HST system in BC and a return to GST as of April 1, 2013, we've experienced an even greater return of Buyers to the market. With new buyers comes sellers who sell and are then, themselves, new buyers and the market begins to heat up.
We don't expect pricing increases to rise and we certainly don't expect the buying frenzy that occurred in 2007 but it seems, for the first time in a long time, that there is light at the end of the tunnel. New listings are popping up by the dozens each day and sales are occurring all over the place. If you were considering buying a home in the North Okanagan it's time to start looking.