Has the glorious weather started to seduce people into wanting that little piece of the good life that is Kelowna living?
Are people starting to buy once again?
According to John Geha President of Coldwell Banker of Canada, “It will be real estate that starts to stimulate the economy.” He also believes that the first time buyers will be the ones to pump the life blood back into the system.
“Real estate is a commodity that will not and cannot disappear,” Geha said during a stop in Kelowna.
“First-timers are still the fuel needed to get the move-up buyer back in the game, but the key is to price smart–price to sell,” says Geha. “If you’re waiting for another price war, it’s not going to happen for a long while.”
If you were hoping to hang on and hedge your bets that you’d find a bargain, it looks like that day isn’t going to come around anytime soon. Although Kelowna isn’t exactly a haven for first time buyers there are a good number of condominium projects coming online which might be the best route for some.
