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Open Houses in Penticton November 25, 2023

Here are the open houses in Penticton tomorrow! If you would like a private showing or more information on any of them please contact me.

Katrina Somers
C: (250) 948-6419
Email: yourokanaganrealtor@gmail.com

2086 Lawrence Avenue | $1,299,000 | MLS® 201649
https://okanagan-realty.ca/recip.html/listing.201649-2086-lawrence-avenue-penticton-v2a-9g6.100440745

149-1634 Carmi Avenue | $699,900 | MLS® 201597
https://okanagan-realty.ca/recip.html/listing.201597-149-1634-carmi-avenue-penticton-v2a-8k5.100416971

1101 Moosejaw Street | $739,900 | MLS® 201860
https://okanagan-realty.ca/recip.html/listing.201860-1101-moosejaw-street-penticton-v2a-5t8.100558553

108-300 Edmonton Ave | $585,000 | MLS® 201926
https://okanagan-realty.ca/recip.html/listing.201926-108-300-edmonton-avenue-penticton-v2a-2g8.100599723

102-238 Nelson Avenue | $774,900 | MLS® 201959
https://okanagan-realty.ca/recip.html/listing.201959-102-238-nelson-avenue-penticton-v2a-2k9.100615113

110-3105 South Main Street | $328,800 | MLS® 201950
https://okanagan-realty.ca/recip.html/listing.201950-110-3105-south-main-street-penticton-v2a-7h1.100612843

114-3315 Wilson Street | $524,800 | MLS® 201715
https://okanagan-realty.ca/recip.html/listing.201715-114-3315-wilson-street-penticton-v2a-8j3.100469020

110-3315 Wilson Street | $475,000 | MLS® 201908
https://okanagan-realty.ca/recip.html/listing.201908-110-3315-wilson-street-penticton-v2a-8j3.100583293

208-3313 Wilson Street | $479,900 | MLS® 201636
https://okanagan-realty.ca/recip.html/listing.201636-208-3313-wilson-street-penticton-v2a-8j3.100434672

62-62 Riva Ridge Est | $275,000 | MLS® 201514
https://okanagan-realty.ca/recip.html/listing.201514-62-62-riva-ridge-est-penticton-v2a-0e4.100391661

732-700 Vista Park | $949,900 | MLS® 201968
https://okanagan-realty.ca/recip.html/listing.201968-732-700-vista-park-penticton-v2a-0b2.100620888

315 Sudbury Avenue | $1,490,000 | MLS® 201687
https://okanagan-realty.ca/recip.html/listing.201687-315-sudbury-avenue-penticton-v2a-8m7.100460586

104-3146 Paris Street | $525,000 | MLS® 200935
https://okanagan-realty.ca/recip.html/listing.200935-104-3146-paris-street-penticton-v2a-8k2.100090318

520 Wiltse Boulevard | $935,000 | MLS® 10287217
https://okanagan-realty.ca/recip.html/listing.10287217-520-wiltse-boulevard-penticton-v2a-7v8.100427455

162 Brentview Place | $799,900 | MLS® 201545
https://okanagan-realty.ca/recip.html/listing.201545-162-brentview-place-penticton-v2a-8h2.100392809

2695 Dafoe Street | $969,000 | MLS® 201948
https://okanagan-realty.ca/recip.html/listing.201948-2695-dafoe-street-penticton-v2a-7g6.100609952



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Open Houses in Penticton November 11, 2023

Hello!

Here are the open houses in Penticton tomorrow! If you would like a private showing or more information on any of them please contact me.

Katrina Somers
C: (250) 948-6419
Email: yourokanaganrealtor@gmail.com


149-1634 Carmi Ave|$699,900| MLS® 201597
https://okanagan-realty.ca/recip.html/listing.201597-149-1634-carmi-avenue-penticton-v2a-8k5.100416971

1101 Moosejaw Street|$739,900| MLS® 201860
https://okanagan-realty.ca/recip.html/listing.201860-1101-moosejaw-street-penticton-v2a-5t8.100558553

2733 South Main Street|$749,900| MLS® 201625
https://okanagan-realty.ca/recip.html/listing.201625-2733-south-main-street-penticton-v2a-5j5.100427862

101-707 Revelstoke Ave|$449,900| MLS® 201818
https://okanagan-realty.ca/recip.html/listing.201818-101-707-revelstoke-avenue-penticton-v2a-2j1.100529224

306-1445 Halifax Street | $375,000 | MLS® 200839
https://okanagan-realty.ca/recip.html/listing.200839-306-1445-halifax-street-penticton-v2a-8m8.100041023


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Open Houses in Penticton November 4, 2023!

Hello!

There are quite a few open houses in Penticton tomorrow! If you would like a private showing or more information on any of them please contact me.

Katrina Somers
C: (250) 948-6419
Email: yourokanaganrealtor@gmail.com
Web: okanagan-realty.ca


304-110 Ellis Street|$825,000| MLS® 200870
https://okanagan-realty.ca/recip.html/listing.200870-304-110-ellis-street-penticton-v2a-9c8.100061498


101-3948 Finnerty Road|$836,000| MLS® 201031
https://okanagan-realty.ca/recip.html/listing.201031-101-3948-finnerty-road-penticton-v2a-8p8.100143302


62 Riva Ridge Est|$275,000| MLS® 201514
https://okanagan-realty.ca/recip.html/listing.201514-62-riva-ridge-est-penticton-v2a-0e4.100391661


110-3315 Wilson Street|$489,900| MLS® 201681
https://okanagan-realty.ca/recip.html/listing.201681-110-3315-wilson-street-penticton-v2a-8j3.100456964


115-705 Balsam Ave|$729,000| MLS® 201749
https://okanagan-realty.ca/recip.html/listing.201749-115-705-balsam-avenue-penticton-v2a-9b7.100490672


127 Stocks Cres|$1,074,999| MLS® 201297
https://okanagan-realty.ca/recip.html/listing.201297-127-stocks-crescent-penticton-v2a-8p6.100271490


145-3363 Wilson Street|$589,000| MLS® 200713
https://okanagan-realty.ca/recip.html/listing.200713-145-3363-wilson-street-penticton-v2a-9g7.99964227


102-644 Victoria Drive|$799,000| MLS® 201542
https://okanagan-realty.ca/recip.html/listing.201542-102-644-victoria-drive-penticton-v2a-5n6.100395834


1814 Ridgedale Ave|$999,998| MLS® 200413
https://okanagan-realty.ca/recip.html/listing.200413-1814-ridgedale-avenue-penticton-v2a-2s6.99807684


107-320 Brandon Ave|$475,000| MLS® 201529
https://okanagan-realty.ca/recip.html/listing.201529-107-320-brandon-avenue-penticton-v2a-3s8.100391660


161 Stocks Cres|$699,000| MLS® 201401
https://okanagan-realty.ca/recip.html/listing.201401-161-stocks-crescent-penticton-v2a-8p6.100327238


206-374 Winnipeg Street|$334,900| MLS® 201465
https://okanagan-realty.ca/recip.html/listing.201465-206-374-winnipeg-street-penticton-v2a-5m5.100353109


38-321 Yorkton Ave|$265,000| MLS® 200274
https://okanagan-realty.ca/recip.html/listing.200274-38-321-yorkton-avenue-penticton-v2a-3v6.99764036


2750 Noyes Road | $1,499,000 | MLS® 201463
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Open Houses in Penticton October 28, 2023!

Hello!

There are quite a few open houses in Penticton tomorrow! If you would like a private showing or more information on any of them please contact me.

Katrina Somers
C: (250) 948-6419
Email: yourokanaganrealtor@gmail.com
Web: okanagan-realty.ca

107-112 Regina Ave | $575,000 | MLS® 200612
https://okanagan-realty.ca/recip.html/listing.200612-107-112-regina-avenue-penticton-v2a-2k8.99908824

1134 Elk Street | $1,650,000 | MLS® 199484
https://okanagan-realty.ca/recip.html/listing.199484-1134-elk-street-penticton-v2a-0c9.99421361

306-1445 Halifax Street | $375,000 | MLS® 200839
https://okanagan-realty.ca/recip.html/listing.200839-306-1445-halifax-street-penticton-v2a-8m8.100041023

3988 Finnerty Road | $1,485,000 | MLS® 201215
https://okanagan-realty.ca/recip.html/listing.201215-3988-finnerty-road-penticton-v2a-8w2.100226854

105-158 Deer Place | $875,000 | MLS® 201276
https://okanagan-realty.ca/recip.html/listing.201276-105-158-deer-place-penticton-v2a-0c8.100266367

5-310 Yorkton Ave | $520,000 | MLS® 201319
https://okanagan-realty.ca/recip.html/listing.201319-5-310-yorkton-avenue-penticton-v2a-6z8.100278821

404-3388 Skaha Lake Rd | $479,000 | MLS® 201717
https://okanagan-realty.ca/recip.html/listing.201717-404-3388-skaha-lake-road-penticton-v2a-6g4.100470101

1467 Carmi Drive | $699,900 | MLS® 200720
https://okanagan-realty.ca/recip.html/listing.200720-1467-carmi-drive-penticton-v2a-4r9.99965422

213-3313 Wilson Street | $625,000 | MLS® 201185
https://okanagan-realty.ca/recip.html/listing.201185-213-3313-wilson-street-penticton-v2a-8j3.100211918

104-3146 Paris Street | $525,000 | MLS® 200935
https://okanagan-realty.ca/recip.html/listing.200935-104-3146-paris-street-penticton-v2a-8k2.100090318

62 Riva Ridge Est | $275,000 | MLS® 201514
https://okanagan-realty.ca/recip.html/listing.201514-62-riva-ridge-est-penticton-v2a-0e4.100391661

320 Sage Mesa Drive | $924,900 | MLS® 201524
https://okanagan-realty.ca/recip.html/listing.201524-320-sage-mesa-drive-penticton-v2a-9a2.100386917

153 Cleland Drive | $799,900 | MLS® 201509
https://okanagan-realty.ca/recip.html/listing.201509-153-cleland-drive-penticton-v2a-7l7.100384444

210-197 Dauphin Ave | $195,000 | MLS® 201541
https://okanagan-realty.ca/recip.html/listing.201541-210-197-dauphin-avenue-penticton-v2a-3s3.100396271

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9 more Friday until Christmas!!

Hey everyone!

Can you believe Christmas is only 9 Fridays away? Have you started your shopping yet? I haven't even started thinking about it yet...yikes! Here's a link for the Hottest Trending Toys at Walmart, you can search by age or their likes.

https://www.walmart.com/i/toy-shop?&gclsrc=aw.ds&adid=22222222220457169043&wmlspartner=wmtlabs&wl0=b&wl1=g&wl2=c&wl3=673409302289&wl4=kwd-10000260&wl5=9001472&wl6=&wl7=9058142&wl8=&veh=sem&gclid=CjwKCAjws9ipBhB1EiwAccEi1OWGn5F1BixUYo0Vopql-6IIqbuvGLj4dC3eiAtAZS-tZ5UgdswTRBoC1k4QAvD_BwE

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Open Houses Penticton October 21!

Hello!

There are quite a few open houses in Penticton tomorrow! If you would like a private showing or more information on any of them please contact me.

Katrina Somers
C: (250) 948-6419
Email: yourokanaganrealtorexp@gmail.com

604-2265 Atkinson Street | $549,900 | MLS® 200081
https://okanagan-realty.ca/recip.html/listing.200081-604-2265-atkinson-street-penticton-v2a-8r7.99668713

101-343 Adamson Drive | $1,200,000 | MLS® 200946 
https://okanagan-realty.ca/recip.html/listing.200946-101-343-adamson-drive-penticton-v2a-7r7.100093912

132 Mcpherson Crescent | $795,000 | MLS® 201377 
https://okanagan-realty.ca/recip.html/listing.201377-132-mcpherson-crescent-penticton-v2a-2n8.100319291

113-340 Hastings Ave | $699,000 | MLS® 201402
https://okanagan-realty.ca/recip.html/listing.201402-113-340-hastings-avenue-penticton-v2a-9b9.100330016

107-112 Regina Ave | $575,000 | MLS® 200612
https://okanagan-realty.ca/recip.html/listing.200612-107-112-regina-avenue-penticton-v2a-2k8.99908824

35-310 Yorkton Ave | $489,900 | MLS® 200615
https://okanagan-realty.ca/recip.html/listing.200615-35-310-yorkton-avenue-penticton-v2a-6z8.99908424

707-3346 Skaha Lake Rd | $539,000 | MLS® 201476
https://okanagan-realty.ca/recip.html/listing.201476-707-3346-skaha-lake-road-penticton-v2a-0h6.100364048

843 Argyle Street | $775,000 | MLS® 201460
https://okanagan-realty.ca/recip.html/listing.201460-843-argyle-street-penticton-v2a-5n9.100352753

191 Bracewell Drive | $799,900 | MLS® 200604
https://okanagan-realty.ca/recip.html/listing.200604-191-bracewell-drive-penticton-v2a-6x1.99904727

210-197 Dauphin Ave | $195,000 | MLS® 201541

https://okanagan-realty.ca/recip.html/listing.201541-210-197-dauphin-avenue-penticton-v2a-3s3.100396271

149-1634 Carmi Ave | $699,900 | MLS® 201597 
https://okanagan-realty.ca/recip.html/listing.201597-149-1634-carmi-avenue-penticton-v2a-8k5.100416971

213-3313 Wilson Street | $625,000 | MLS® 201185 
https://okanagan-realty.ca/recip.html/listing.201185-213-3313-wilson-street-penticton-v2a-8j3.100211918 

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Market Stats September 2023

Hi everyone, Market stats are in for September, and it's officially a buyer's market so if you are looking to buy, now's the time!

Katrina Somers
Royal LePage Penticton
(250) 948-6419

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Open Houses Penticton October 14!

Hello!

There are quite a few open houses in Penticton tomorrow! If you would like a private showing or more information on any of them please contact me.

Katrina Somers
C: (250) 948-6419
Email: yourokanaganrealtorexp@gmail.com

47-321 Yorkton Ave|$359,000| MLS® 201308
https://okanagan-realty.ca/recip.html/listing.201308-47-321-yorkton-avenue-penticton-v2a-3v6.100271770

1134 Elk Street|$1,650,000| MLS® 199484
https://okanagan-realty.ca/recip.html/listing.199484-1134-elk-street-penticton-v2a-0c9.99421361


1135 Elk Street|$1,399,000| MLS® 199791
https://okanagan-realty.ca/recip.html/listing.199791-1135-elk-street-penticton-v2a-0c9.99553107

1074 Elk Street|$1,299,000| MLS® 201427
https://okanagan-realty.ca/recip.html/listing.201427-1074-elk-street-penticton-v2a-2s6.100340549

149-1634 Carmi Ave|$724,900| MLS® 201122
https://okanagan-realty.ca/recip.html/listing.201122-149-1634-carmi-avenue-penticton-v2a-8k5.100185711

161 Stocks Cres|$739,000| MLS® 201401
https://okanagan-realty.ca/recip.html/listing.201401-161-stocks-crescent-penticton-v2a-8p6.100327238

104-158 Deer Place|$875,000| MLS® 201275
https://okanagan-realty.ca/recip.html/listing.201275-104-158-deer-place-penticton-v2a-0c8.100267637

43-3333 South Main Street|$819,900| MLS® 201505
https://okanagan-realty.ca/recip.html/listing.201505-43-3333-south-main-street-penticton-v2a-8j8.100377514

443 Van Horne Street|$650,000| MLS® 201392
https://okanagan-realty.ca/recip.html/listing.201392-443-van-horne-street-penticton-v2a-4k7.100331779

106-142 Preston Ave|$515,000| MLS® 201500
https://okanagan-realty.ca/recip.html/listing.201500-106-142-preston-avenue-penticton-v2a-2k2.100375257

497 Vancouver Ave|$1,185,000| MLS® 201212
https://okanagan-realty.ca/recip.html/listing.201212-497-vancouver-avenue-penticton-v2a-1a4.100226565

2487 Cornwall Drive|$539,000| MLS® 201038
https://okanagan-realty.ca/recip.html/listing.201038-2487-cornwall-drive-penticton-v2a-6r6.100151454


153 Cleland Drive|$799,900| MLS® 201509
https://okanagan-realty.ca/recip.html/listing.201509-153-cleland-drive-penticton-v2a-7l7.100384444

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Open Houses in Penticton October 7, 2023!

Hello!

There are quite a few open houses in Penticton tomorrow! If you would like a private showing or more information on any of them please contact me.

Katrina Somers
C: (250) 948-6419
Email: yourokanaganrealtorexp@gmail.com
Web: okanagan-realty.ca

38-321 Yorkton Ave|$265,000| MLS® 200274
11:00 AM - 12:30 PM

https://okanagan-realty.ca/recip.html/listing.200274-38-321-yorkton-avenue-penticton-v2a-3v6.99764036


102-158 Deer Place|$875,000| MLS® 201274
11:30 AM - 1:30 PM
https://okanagan-realty.ca/recip.html/listing.201274-102-158-deer-place-penticton-v2a-0c8.100266229

156 Heron Drive|$389,000| MLS® 199977
12:00 PM - 2:00 PM
https://okanagan-realty.ca/recip.html/listing.199977-156-heron-drive-penticton-v2a-8k6.99624271

306-1445 Halifax Street|$375,000| MLS® 200839
1:00 PM - 2:30 PM
https://okanagan-realty.ca/recip.html/listing.200839-306-1445-halifax-street-penticton-v2a-8m8.100041023

1134 Elk Street|$1,650,000| MLS® 199484
2:00 PM - 4:00 PM
https://okanagan-realty.ca/recip.html/listing.199484-1134-elk-street-penticton-v2a-0c9.99421361

145-3363 Wilson Street|$589,000| MLS® 200713
​​https://okanagan-realty.ca/recip.html/listing.200713-145-3363-wilson-street-penticton-v2a-9g7.99964227







 

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White Chicken Chili

Am I the only one who looks forward to fall because of all the delicious comfort meals? Eating a hearty stew when it's +30 just doesn't feel the same as when it's a nice cool fall day! Here is one of my family's favorites, even my picky 14 year old asks for seconds!!

Ingredients for White Chicken Chili:

  • 2 large chicken breasts

  • 15 oz can black beans, drained and rinsed

  • 15 oz can white beans, drained

  • 1 medium onion, chopped

  • 15 oz can corn with juice

  • 10 oz can Rotel diced tomatoes with green chilis , (with their juice)

  • 1/2 cup chicken broth or stock

  • 1 tsp chili powder, or to taste

  • 1 tsp cumin powder

  • 0.4 oz packet ranch dip or dressing mix*

  • 8 oz package cream cheese, cut into 6 pieces

Instructions

  1. Place all of your ingredients into your instant pot bowl in the following order: 2 chicken breasts, drained black and white beans, chopped onion, corn with juice, tomatoes with juice, and 1/2 cup chicken broth.

  2. Add 1/2 to 1 tsp chili powder (use 1/2 tsp to make it kid friendly), 1 tsp cumin, ranch packet. Stir everything to combine, getting some of the juice under the chicken to keep it from scorching.

  3. Cut cream cheese into 6 pieces and place over the top of chili. Cover and seal with lid, switch the valve to the "sealing" position and cook for 20 min on manual high pressure. Once it is done cooking, let it naturally depressurize for 10 min then switch the valve to the "venting" position to completely release steam before opening the lid.**

  4. Remove the chicken breasts to a plate and shred apart with 2 forks. Stir everything together in the pot to melt the cream cheese into the chili then return the shredded chicken and stir to combine. Serve garnished with avocado and cilantro if desired.

Optional Toppings and Serving Suggestions:

  • 1/2 cup chopped Cilantro, for garnish

  • 1 avocado, diced, for garnish

  • Tortilla chips or baked potatoes to serve

Servings: 8 people (1 cup servings)





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Open Houses Penticton September 30, 2023!

Hello!

There are quite a few open houses in Penticton tomorrow! If you would like a private showing or more information on any of them please contact me.

Katrina Somers
C: (250) 948-6419
Email: yourokanaganrealtor@gmail.com
Web: okanagan-realty.ca

102-277 Yorkton Ave|$500,000| MLS® 200446
10:00 AM - 11:30 AM
https://okanagan-realty.ca/recip.html/listing.200446-102-277-yorkton-avenue-penticton-v2a-3v4.99825508 

6-310 Yorkton Ave|$560,000| MLS® 201116
10:00 AM - 11:30 AM
https://okanagan-realty.ca/recip.html/listing.201116-6-310-yorkton-avenue-penticton-v2a-6z8.100177936 

971 Killarney Street|$700,000| MLS® 201223
10:00 AM - 12:00 PM
https://okanagan-realty.ca/recip.html/listing.201223-971-killarney-street-penticton-v2a-4p6.100230047

780 Fairway Avenue|$400,000| MLS® 201290
10:00 AM - 11:30 AM
https://okanagan-realty.ca/recip.html/listing.201290-780-fairway-avenue-penticton-v2a-7m3.100269770

62 Riva Ridge Est|$299,000| MLS® 200095
11:00 AM - 12:30 PM
https://okanagan-realty.ca/recip.html/listing.200095-62-riva-ridge-est-penticton-v2a-0e4.99673198

137 Lee Ave|$1,075,000| MLS® 201075
11:00 AM - 12:30 PM
https://okanagan-realty.ca/recip.html/listing.201075-137-lee-avenue-penticton-v2a-3v9.100165608


497 Vancouver Ave|$1,185,000| MLS® 201212
11:00 AM - 1:00 PM 
https://okanagan-realty.ca/recip.html/listing.201212-497-vancouver-avenue-penticton-v2a-1a4.100226565 

104-920 Argyle Street|$357,900| MLS® 201118
11:30 AM - 1:00 PM
https://okanagan-realty.ca/recip.html/listing.201118-104-920-argyle-street-penticton-v2a-5p2.100182155


102-158 Deer Place|$875,000| MLS® 201274
11:30 AM - 1:30 PM 
https://okanagan-realty.ca/recip.html/listing.201274-102-158-deer-place-penticton-v2a-0c8.100266229 

657 Wiltse Boulevard|$1,150,000| MLS® 201235
12:00 PM - 1:30 PM 
https://okanagan-realty.ca/recip.html/listing.201235-657-wiltse-boulevard-penticton-v2a-8j2.100239564 

709 Chase Avenue|$379,900| MLS® 199342
1:00 PM - 2:30 PM 
https://okanagan-realty.ca/recip.html/listing.199342-709-chase-avenue-penticton-v2a-2m8.99372964 

1290 Government Street|$635,000| MLS® 201288
1:00 PM - 3:00 PM 
https://okanagan-realty.ca/recip.html/listing.201288-1290-government-street-penticton-v2a-4v4.100269005 

5-310 Yorkton Ave|$529,000| MLS® 201319
3:00 PM - 4:30 PM 
https://okanagan-realty.ca/recip.html/listing.201319-5-310-yorkton-avenue-penticton-v2a-6z8.100278821 

114-388 Eckhardt Ave E|$599,000| MLS® 201175
10:00 AM - 12:00 PM 
https://okanagan-realty.ca/recip.html/listing.201175-114-388-eckhardt-avenue-penticton-v2a-1z2.100212192 

101-3948 Finnerty Road|$836,000| MLS® 201031
11:30 AM - 12:30 PM
https://okanagan-realty.ca/recip.html/listing.201031-101-3948-finnerty-road-penticton-v2a-8p8.100143302


 

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B.C.’s housing market is projected to remain resilient throughout the rest of 2023

Residential sales are expected to decrease by 2.8 per cent to 78,640 units by the end of the year, according to an Aug. 29 housing forecast from the B.C. Real Estate Association (BCREA).

“The B.C. housing market has been more resilient than expected in 2023, with both home sales and prices holding up well in the face of sharply higher interest rates,” Brendon Ogmundson, the industry association’s chief economist, said in the forecast. Residential sales in 2024 are anticipated to rise 6.1 per cent to 83,425 units across the province, according to the BCREA.

Meanwhile, the Conference Board of Canada said B.C. should expect a protracted economic slowdown in the coming year owing to higher mortgage lending rates and high consumer debt.

The think tank projects B.C.’s economy will grow this year by an anemic 1.1 per cent, followed by 1.5 per cent in 2024 and 2.8 per cent in 2025.

The Bank of Canada has hiked interest rates 10 times since March 2022 in a bid to tamp down on inflation.

“The average price [across all housing types] in B.C. has varied widely throughout this year, beginning the year below $900,000 before reaching just over $1 million in May as sales in more expensive markets surged amid dwindling supply,” said the BCREA forecast.

BCREAPrevious and predicted unit sales across B.C. | BCREA

The BCREA predicts that the average price of homes in B.C. will be $976,000 in 2023 – or a two per cent decline compared with 2022 – if prices remain around $970,000 throughout the second half of this year.

Average prices are expected to rise by 2.4 per cent to just over $1 million in 2024 as sales return to normal levels, according to the forecast. The BCREA notes that there is “risk to the upside on price growth given the state of housing supply.”

“We expect sales to cool as the result of renewed Bank of Canada tightening and a delay in expectations regarding the timing of future Bank of Canada rate cuts from early next year to perhaps the end of 2024 or even mid-2025,” said Ogmundson.

Unit sales in Metro Vancouver are projected to decline 4.3 per cent to 28,000 by the end of 2023 and then rise by 7.1 per cent to 30,000 in 2024. The BCREA predicts home prices will rise 0.2 per cent to $1,275,000 before going up another 1.2 per cent to $1,290,000 in 2024.

With files from Nelson Bennett

clwilson@glaciermedia.ca

 



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