Here are some interesting stats from OMREB (Okanagan Mainline Real Esate Board). There seems to be a trend to a lower inventory level and with homebuyers continuing to take advantage at this time of a good selection and pricing along with securing a great mortgage rate (it’ll be very interesting to see where rates will be a year from now!).
If you are thinking about purchasing soon or would like to discuss the possibilities of refinancing to reduce interest costs and increase your cash flow, I offer you my 30 plus years of mortgage lending background to a stress-free approval process. I can be reached at 250-762-2070 (Kelowna and area) or toll free at 1-888-877-3535. I look forward to talking with you soon and I wish you all a very Merry Christmas and a Happy New Year!