Good Stuff
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Kelowna’s housing slump drags on and on
"That's fair, I would call it a slump," said ReMax Kelowna realtor Colin Krieg. He's referring to the Association of Interior Realtors' 2025 year-end report…
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Potential buyers and sellers hit the brakes on Kelowna housing market
Fence-sitting, standing on the sidelines, dithering, abstaining, wavering, uncertain, undecided, uncommitted or unsure. Whatever and whichever way you want to frame it, potential homebuyers in…
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This is why there’s an apartment glut, sinking rents, construction slowdown and high jobless rate in Kelowna
There's a ricochet ripple effect going on in Kelowna. It all started in 2023 when the rental vacancy rate for apartments was a super-tight 1.3%…
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Why is Kelowna’s unemployment rate so damn high?
It's being called 'staggering', 'dire' and 'worse than the 2008-09 recession'. It's how experts are describing Kelowna's ultra-high unemployment rate of 11% and the construction…
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Apartment glut forces rents down to lowest point in 27 months
All of a sudden, there are a lot of apartments out there in Kelowna. And, too many of them are sitting empty. That forces landlords…
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Typical mortgage payments would gobble up 62% of typical Kelowna family’s income
Let's put this in perspective. Financial experts recommend a family not spend more than 28% of its after-tax income mortgage payments. Yet in Kelowna, a…
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Sales and prices of real estate at Big White take the chairlift up
After some iffy years, the real estate market at Big White Ski Resort is bouncing back. The most dramatic is the median selling price of a…
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Why are sales so low and prices so high in Kelowna’s housing market?
It's a valid question. With home sales sluggish in Kelowna, why are prices still so high? Usually, reduced demand drags down price. But, the opposite…
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Kelowna enters the apartment ‘rent deflation’ era
It was bound to happen. After years of rapidly rising apartment rents — an inflation, if you will — apartment rents in Kelowna have entered the…
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‘Absolutely nothing’ in federal budget for average and first-time homebuyers
Make homeownership and affordability a national priority. Reduce taxes, fees, levies and development cost charges. Ease the mortgage stress test and downpayment rules. And, expand…