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The HOLM Stretch | December 13, 2024

Chris Holm & Associates

We want you to know that our team is unique in the way we chose to approach real estate here in the North Okanagan.  We are a true real estate co...

We want you to know that our team is unique in the way we chose to approach real estate here in the North Okanagan.  We are a true real estate co...

Dec 13 5 minutes read

Thanks for stopping by!

The rent vs buy dilemma: What's right for you?

Deciding whether to rent or buy can feel overwhelming, especially in today’s Canadian housing market.

As you already know, homeownership offers a lot of benefits—like building equity, stability, and control over your living space. For many, it’s a way to secure long-term financial growth.

On the other hand, renting provides flexibility and frees you from the costs of repairs and maintenance. 

And it’s often more affordable month-to-month, which can give you more room to save for other financial goals.

But here’s the thing:

There’s no one-size-fits-all answer. Your financial situation, lifestyle, and future goals all play a huge role in what’s best for you right now.

If you’re someone who values stability and is ready to settle down for the long haul, buying could be the right move.

But if you need flexibility and prefer to avoid the responsibilities that come with homeownership, renting may make more sense—at least for now.

Whichever option you’re leaning toward, taking the time to weigh the pros and cons can help you make an informed decision that works for you.

If you have any questions, we're here.

Scroll down for our regular real estate and community features

Talk soon,
CHRIS, PATRIC, JULIE, JASMINE, KRISTI & BRELL

In North Okanagan Real Estate

As of the morning of Friday December 13, there are 686 homes showing as active listings here in North Okanagan. On December 6,  there were 704 homes active.

Sales ranged from $275,000. to $1,677,500. Days to sell ranged from 17 to 258. 15 listings expired, 13 were cancelled.

8 prices were reduced over the last week. 2 prices increased.

Scroll down for our market recap for Vernon, Armstrong, and Coldstream real estate activity in the last 7 days.

$275,000.

Low Sale

25

New Listings

$1,677,500.

High Sale

20

Listings Sold

ICYMI...

WHAT'S HAPPENING?


       

What's Happening In & Around Vernon

WHAT ELSE WE ARE TALKING ABOUT

Are you a pre-approved buyer who’s been waiting to enter the real estate market? 𝗧𝗵𝗶𝘀 𝗰𝗼𝘂𝗹𝗱 𝗯𝗲 𝘆𝗼𝘂𝗿 𝗼𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝘆! 🫵

 

The North Okanagan housing market is showing signs of continued strength, with benchmark prices holding steady according to the latest November 2024 stats from the Association of Interior REALTORS®️. Homeowners are still building wealth with real estate in this thriving region, and now buyers have the chance to step in at a favorable moment.

 

𝗪𝗵𝘆 𝗰𝗼𝘂𝗹𝗱 𝘁𝗵𝗶𝘀 𝗯𝗲 𝗮 𝗴𝗿𝗲𝗮𝘁 𝘁𝗶𝗺𝗲 𝗳𝗼𝗿 𝗯𝘂𝘆𝗲𝗿𝘀?

  • More inventory: a healthy supply of homes in all styles coming to market means more options to choose from.
  • Cooling interest rates: recent rate trends and predictions for this week’s announcement make this an ideal time to lock in favourable financing. 

 Whether you're looking to build wealth or find your dream home, we’re here to help you navigate the market. 𝗥𝗲𝗮𝗱𝘆 𝘁𝗼 𝘁𝗮𝗸𝗲 𝘁𝗵𝗲 𝗻𝗲𝘅𝘁 𝘀𝘁𝗲𝗽? Connect with our team today, and we’ll send you a curated list of homes in your favourite neighbourhoods and within your budget.

MAKING TRACKS

 

WEEKLY REAL ESTATE REPORT


Armstrong BC Real Estate Recap

A look at Armstrong Spallumcheen Market Activity for the last 7 days.

New Listings  Just Sold  Active Listings

1

New Listings

3

Listings Sold

0

Price Up

0

Price Down

Vernon BC Real Estate Recap

A look at the Vernon market activity in the  last 7 days

New Listings  Just Sold  Active Listings

19

New Listings

12

Listings Sold

2

Price Up

7

Price Down

Coldstream BC Real Estate Recap

A look at Coldstream market activity over the  last 7 days

New Listings  Just Sold  Active Listings

3

New Listings

3

Listings Sold

0

Price Up

0

Price Down


Whether a purchase or sale is in the future (near or far) or you just want to know what's going in real estate anywhere in the Okanagan Shuswap, we'd love to hear from you.

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