We dive deep into the current real estate market trends in #kelownarealestate and British Columbia. With a focus on Kelowna Real Estate Market statistics on May 2024 and looking beyond just the interest rates. We analyze the May 2024 statistics to predict where the market might be headed. Key government policies impacting market dynamics include small scale multi-unit housing regulations, capital gains adjustments, short-term rental restrictions, and the new flipping tax. We also break down the market data for residential properties, with a focus on townhomes, new builds, and single-family homes, examining inventory levels, price points, and seasonal trends. Additionally, we discuss how these elements contribute to shaping the market's future, particularly in light of recent changes in interest rates and immigration levels. Stay tuned to understand the complexities and get a forecast of the real estate market's direction. Comment below with your thoughts and predictions for the real estate market!

00:00 Introduction: Beyond Interest Rates in Real Estate
00:39 Understanding Months of Inventory
01:40 Townhome Market Analysis
03:38 Impact of Short-Term Rental Rules
04:22 Single Family Home Market Insights
05:43 Predictions and Future Trends
07:41 Conclusion and Viewer Engagement

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Selling Kelowna Real Estate Group
Mark with the Selling Kelowna Real Estate Group
Personal Real Estate Corporation
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EXP REALTY
1631 Dickson Ave
Kelowna, BC
V1Y 0B5

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