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10th Apr 2025

March Sales Up 25% in the Interior Housing Market

The Interior housing market report for March revealed a 25.1% increase in residential sales from February and an 11.9% rise from last March. Inventory also grew, with over 3,000 active listings in Central Okanagan. Benchmark prices increased in most categories, notably a $49,900 rise in North Okanagan townhouses.

Read the full story by Castanet.

13th Feb 2025

Okanagan Market Has a Strong Start to the Year

The Interior BC real estate markets saw increased sales and new listings, surpassing levels from December and January 2024. Benchmark prices increased across the Okanagan and Shuswap/Revelstoke regions, with the highest increase of 11% seen in South Okanagan. Kamloops prices dipped across all property types.

Read the full report by AIR.

8th Jan 2025

Interior Housing Market Rebounds as December Sales Surge

The Association of Interior Realtors reports signs of a normalizing housing market in Interior regions after a year of declining sales and values. December saw 716 residential sales, up over 30% from the previous year. Total 2024 sales value was $3.15 billion, slightly less than 2023's $3.36 billion.

Read the full story by Castanet.

3rd Jan 2025

Thompson-Okanagan Property Values Remain Flat

BC Assessment's latest data reveals mostly flat or modest growth in Thompson-Okanagan home values, with assessments changing between -5% and +5%. In contrast, Kootenay Columbia communities saw a 0% to +10% range. The Southern Interior's total assessments rose from $315 billion to nearly $323 billion.

Read the full story by Castanet.

20th Dec 2024

Penticton Approves Permit for 6-Storey Mixed-Use Project

Penticton Council approved a development permit for six-storey mixed-use building with 30 apartments and 1,180 sq. ft. of commercial space at 686 Martin St. The project includes 20 one-bedroom and 10 two-bedroom units, plus parking for cars, motorcycles, and bicycles. The plan aligns with the OCP and passed unanimously.

Read the full story by Castanet.

4th Dec 2024

Interior Real Estate Sales Surge 20% Amid Stable Prices

November real estate sales in the Interior were 20% higher than last year, defying usual seasonal slowdowns. Despite stable prices, activity benefited from recent interest rate cuts. Single-family and townhouse prices rose in the Central and North Okanagan, while South Okanagan saw declines in all categories.

Read the full story by Castanet.

RC
RCSubscriber since May 2024
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As a legal practitioner with a busy practice, Real Estate Recap provides me with an insightful and quick update on the current real estate happenings in Canada. Not only is the information helpful for my personal use, it goes a long way in dealing with relevant legal issues for clients.
EM
EMSubscriber since December 2024
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Real Estate Recap is a fantastic resource! It’s packed with useful information about market trends and provides educating insights that help readers understand the real estate market better. The practical tips and clear explanations make it a must-read for anyone looking to stay informed and learn more about the real esate market!
SD
SDSubscriber since June 2024
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Staying on top of real estate news can be hard, but thanks to RealEstateRecap, I don’t miss a beat. Their updates are informative, and make it easy to stay in the know. Great Newsletter, Thank you
SG
SGSubscriber since June 2024
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Very informative newsletter! It is now my go to source for all real estate news.
SB
SBSubscriber since December 2024
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Great newsletter! Very insightful and it provides all the key points without being a long, tedious read. Very well done!

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