@@peacefulsek6719 you don’t have to move in the same day you buy a home. And just hire people to get the move done quickly. Movers are worth every penny
that's what every has said for 20 years since i moved here and the biggest correction I can remember was around 15%. I think there's a lot of people waiting and now the BoC have moved a bit, people will be more confident to move forward with a purchase. I do agree that Darcy is always a positive thinker, but that's his job.
@@graemepaterson9436 Actually if house prices were priced in gold in 2014 & in 2024, single family home prices in Kelowna have fallen about 10% over ten years. The price has really only increased as the dollar continues to fall in value. 384 oz = 2014 348 oz = 2024 Not bad really. The problem now is that prices are already unaffordable for most people, most project financing does not pencil at today's rates so housing construction aka jobs will likely slow, and with crops and housing being hugely effected and 60% of Canadians still needing to refinance into higher rates, the future definitely looks uncertain. Add on top that BC governments are beginning to run huge deficits due in part to reduced revenue from real estate transactions and large exodus of people through interprovincial migration, the Airbnb rules, the empty house rules, the foreign buyer rules, the slowing of immigration into Canada, a large aging baby boomer population, plus the risk of a falling Canadian dollar as our rates drop because our economy is weak (15 consecutive months of negative real GDP which excludes GDP from Immigration) which makes Canadian real estate not look as attractive to investors... Real estate moves slowly, corrections take time, and historically take years to play out due to their slow nature. The one thing that may save housing is if wages continue to rise aka inflation stays persistent. Time will tell
@@graemepaterson9436 This is a deliberate rug pull by government and the banksters. They won't stop until they have stolen as much property as possible
![Living in Kelowna BC | 10 Things You MUST Know Before Moving Here! [2024]](/img/n.gif)
A few months ago Darcy said that the Townhomes would hold their value. Good call!!
I don’t get it. Why does the weather matter if I want to buy a home?
Ever tried moving in the middle of winter?
@@peacefulsek6719 you don’t have to move in the same day you buy a home. And just hire people to get the move done quickly. Movers are worth every penny
This is the start of the biggest housing crash in Canadian history.
that's what every has said for 20 years since i moved here and the biggest correction I can remember was around 15%. I think there's a lot of people waiting and now the BoC have moved a bit, people will be more confident to move forward with a purchase. I do agree that Darcy is always a positive thinker, but that's his job.
@@graemepaterson9436
Actually if house prices were priced in gold in 2014 & in 2024, single family home prices in Kelowna have fallen about 10% over ten years. The price has really only increased as the dollar continues to fall in value.
384 oz = 2014
348 oz = 2024
Not bad really. The problem now is that prices are already unaffordable for most people, most project financing does not pencil at today's rates so housing construction aka jobs will likely slow, and with crops and housing being hugely effected and 60% of Canadians still needing to refinance into higher rates, the future definitely looks uncertain. Add on top that BC governments are beginning to run huge deficits due in part to reduced revenue from real estate transactions and large exodus of people through interprovincial migration, the Airbnb rules, the empty house rules, the foreign buyer rules, the slowing of immigration into Canada, a large aging baby boomer population, plus the risk of a falling Canadian dollar as our rates drop because our economy is weak (15 consecutive months of negative real GDP which excludes GDP from Immigration) which makes Canadian real estate not look as attractive to investors...
Real estate moves slowly, corrections take time, and historically take years to play out due to their slow nature.
The one thing that may save housing is if wages continue to rise aka inflation stays persistent.
Time will tell
@@graemepaterson9436 '81 and '82 Recession saw prices collapse -25% and lasted more than two years. Don't pump.
@@graemepaterson9436 This is a deliberate rug pull by government and the banksters. They won't stop until they have stolen as much property as possible