November North Okanagan Real Estate Report 2023
PROVINCIALLY SPEAKING
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in the North Okanagan the pace of local real estate has slowed with less inventory and less action on properties on the market. November in home sales showed improvement over last year's numbers, however, a trend that extends across the province.
The Bank of Canada held rates on it's last call for the year. Onward toward 2024 we go.
December 14th, 2023 The Financial Post had this to say
Home prices should climb back to pandemic peaks by this time next year, says a new report that surveyed real estate brokers across the country.
Royal LePage predicts that the aggregate price of a home in Canada will rise 5.5 per cent year over year by the end of 2024 to $843,684.
“Based on this forecast, by the end of next year, home prices will have essentially climbed back to their pandemic peak, reached in the first quarter of 2022,” said the report.
Read More:
Posthaste: Get ready for the 'great adjustment' in Canada's housing market
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