The federal and provincial governments have joined forces to significantly reduce development costs charges in BC. A separate program will see the government acquire 2,200 completed and unsold condos. Notably, very little of this inventory exists in the Central Okanagan. Meanwhile, home sales climbed to a new high in June, and with fewer active listings on the market than last year, the region is heading into summer with the tightest market conditions in years.
The kelowna rennie review is a monthly publication that includes our take on the latest MLS data for Kelowna. In addition to presenting neighbourhood-level stats, it includes information on current rennie projects, a selection of featured listings, and insightful commentary on how and why the market is changing.
Our rennie intelligence team comprises our chief economist, senior demographer, market analysts, and business intelligence analysts. Together, they empower individuals, organizations, and institutions with data-driven market insights and analyses. Experts in real estate dynamics, urban land economics, the macroeconomy, shifting demographics, and data science, their industry-leading data acquisition, analytical systems, and strategic research support a comprehensive advisory service and forms the basis of frequent reports and public presentations, covering the Vancouver, Victoria, Kelowna, Seattle, Coachella Valley, and San Diego markets. Their thoughtful and objective approach embodies the core values of rennie.
