Buyers in Kelowna want bigger spaces

ForSaleSign

Temperatures at night are definitely getting cooler, but the Okanagan housing market remains hot.    

While the BC economy has been battered by COVID-19, it would be difficult to tell there was a recession in the housing market:

"One of the major trends we've seen out of the pandemic is people wanting space. The Okanagan certainly has space and is a little bit more affordable than the Lower Mainland. We are seeing a lot of sales on the higher end, especially in Kelowna."      

BC Real Estate Chief Economist Brendon Ogmundson says a surge of pent-up demand into an undersupplied market has prices at pre-COVID-19 levels.