Lower priced real estate on the move in Kelowna

On Behalf of Porter Ramsay LLP | May, 21, 2019 | Real Estate Law

Buyers are finally getting a break when it comes to purchasing a home. There are more affordable homes on the market when it comes to residential real estate in Kelowna, British Columbia. Despite other areas still feeling the slump, homes in the $500,000 area or less are beginning to move again by an increase of about 10% as opposed to the same time last year. The pickings in this particular price range are slim, so buyers have been quick to snap them up. While Kelowna homes listed in excess of $1 million are sitting on the market for about 95... View Article

Is there a better time to buy real estate in British Columbia?

On Behalf of Porter Ramsay LLP | May, 09, 2019 | Real Estate Law

Would-be purchasers of real estate always face the tough decision about when to make an offer on a property. Some British Columbia residents might think there is a best time to buy or sell real estate, but the truth is, the market doesn’t really work that way. There will always be some uncertainty in housing markets and forecasts are just that — forecasts. It is true there are times when prices ebb and flow, and if someone finds the perfect property for his or her situation, waiting to make an offer in case the price might fall is not necessarily... View Article