(SHELBY THEVENOT / iNFOnews.ca)
March 11, 2020 – 10:40 a.m.
A booming real estate market in Vancouver could stimulate the Kelowna market, according to a report from a local real estate company.
“With sales up 45 percent year over year in Vancouver and reports of more than 30 listings for a home last month, we suspect Vancouverites will be seeing bigger numbers to Kelowna in three to six months,” the report said Re / Max Kelowna says. “You have been responsible for up to 20 percent of our buyers in recent years.”
It is also said that the COVID-19 virus does not appear to be having any impact on the market.
“People are still moving,” the report said.
However, the market is currently stable.
The 122 single-family sales in February were below the 10-year average of 137, while row house sales are up 32 percent from last February and condominiums “outperform other segments.”
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