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KELOWNA OKANAGAN REAL ESTATE

Kelowna, Westbank, Peachland,  Lake Country

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2015 Year Ahead

Posted on February 14, 2015 at 6:05 PM

2014 was a excellent year for sales in the Okanagan. This year January started off a bit slow, but things are picking up. The doom and gloom coming from the low barrel of oil is threating to ruin the party. My projection we will slightly below volume from last year, but will have another excellent year. Many factors to consider, loss jobs in Alberta, consumer confidence, real estate sales in turnover rate slower in Alberta. The benefits of this spring and the rest of the year, price of oil will crept higher, possibly another interest rate cut soon, and (lower loonie), sales in the US going flat. Some people will sell in the US, get the higher return, and then buy in the Okanagan. It's a balanced set of circumstances. Everything will be fine.

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