April 2018 felt like a 'mixed bag' in the Kelowna Real Estate Market.
The month started with quite briskly with listings and showings, whereas the last week or so, it was much quieter.
On the other side of the coin, I was in Multiple Offers for Buyers looking for a Retirement Rancher, which went well over asking price, I have one Buyer where there are just no Condos in their price point to even start looking and I am working for other Buyers who are looking for a 2 Bedroom Condo nearer to UBCO under $400,000 and there is virtually nothing available!
Trying to work out what is happening with the Market is quite a challenge! It feels that there were a number of factors at work - -:
1. The changes to the Mortgage Rules are beginning to really 'bite' for some Buyers, who have definitely seen their purchasing power reduced.
2. Talk of the new Speculation Tax in BC is breeding uncertainty with Buyers and Sellers.
3. There has been quite a bit of talk about whether the Kelowna...