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Go Kelowna Homes Kelowna Real Estate Expert | Trusted Advisor | Expert Negotiator | Helping You Buy, Sell & Invest

10/19/2026

Mortgage Rates Face a New Reality

10/15/2026

Canada Housing Faces Trade Turmoil
Navigating Canada’s housing landscape these days means staying alert to shifting market dynamics. We’ve seen activity cool by about 7% year-over-year, with national sales dipping just under 1% month-over-month. Factors like trade tensions, oil prices, and persistent inflation are weighing on buyers, while climbing bond yields have nudged fixed mortgage rates higher. Even so, some industry experts are still anticipating a busy late Q3 and Q4. The Bank of Canada recently held its policy rate steady, inflation is lingering around 3% for the second month, and some economists are now eyeing potential rate cuts in 2027. For the rest of 2026, we may see no change or perhaps a minor increase before the possibility of easing as things improve. The biggest catalyst for a rebound remains a US trade deal—so the next six to twelve months will be crucial for those considering their next move. Each real estate journey is unique, and I’m committed to ensuring you’re informed and supported so your decision aligns with your long-term goals.

Time to vote early is now.
10/14/2026

Time to vote early is now.

10/13/2026

Home affordability improves in most Canadian markets
In August, we saw home prices dip across most major Canadian cities, which led to improved affordability in 10 out of 13 markets. Toronto stood out with the greatest increase in affordability, while places like Halifax, Ottawa, and Fredericton experienced more challenging conditions. Fixed mortgage rates did edge up to 4.24%, adding another layer for buyers to consider. As someone who guides clients through every unique transaction with a focus on long-term success, I know how critical these shifts can be when making decisions about your next move. Every home purchase or sale is different, and understanding these market nuances is essential to finding the right fit for your goals and quality of life here in the Kelowna area.

10/12/2026

Canada Needs Twice the Projected Homes
As someone deeply invested in the Kelowna real estate market and passionate about helping clients achieve their homeownership dreams, I pay close attention to trends that shape both opportunity and affordability. Recent national projections show Canada will need between 417,000 and 469,000 new homes annually through 2036 just to restore the level of affordability we saw before the pandemic—far more than what’s currently in the pipeline. Despite ongoing developments, we’re still looking at a supply gap of 187,000 to 238,000 homes each year over the next decade. What’s concerning is that construction is expected to slow, even as demand remains strong, putting real pressure on those hoping to buy or sell in the coming years. Most current building is locked into projects already underway, so closing the gap will require a significant uptick in new starts. For those navigating today’s market, understanding the scale of this challenge is key. Every transaction I negotiate is about more than just the present moment; it’s about guiding clients toward long-term goals and a higher quality of life, even as the landscape grows more complex.

10/11/2026

Happy Thanksgiving

B.C. Home Market Shows Signs of Gradual Recovery in AugustAugust brought another dip in B.C. home sales, with numbers do...
10/10/2026

B.C. Home Market Shows Signs of Gradual Recovery in August
August brought another dip in B.C. home sales, with numbers down 4.7% from last year—totaling 5,653 sales. The average price hovered just under $925,000, reflecting a market that’s steadily finding its footing, but still trailing long-term averages. Here in the Okanagan, we saw a more pronounced shift, with sales dropping 22%, while South Peace River experienced a notable 35% increase. Every market tells its own story, and navigating these shifts requires a thoughtful, strategic approach. As a Kelowna-based Realtor who believes every transaction demands a tailored strategy, I always focus on my clients’ unique needs and long-term goals, ensuring your real estate experience is both positive and rewarding—no matter where the market stands.


http://www.gokelownahomes.com/agent-news/michal-gookprec-okanagan-realtor/2063581-B.C.-Home-Market-Shows-Signs-of-Gradual-Recovery-in-August

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1429 Ellis Street
Kelowna, BC
V1Y2A3

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250-317-8655

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