Quote:
Originally Posted by 240glt
In the Okanagan the vacation market and the residential market are really two separate entities. not really sure what the inventory levels should be in a balanced market so can't say it it's unbalanced right now or not
The high end/ lake view/ 2nd home market is totally different from the regular market in that area, so the factors driving sales are quite a lot different
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It is very low inventory levels as well as lots of buyers and this seems to be in all the larger regional markets. Vancouver, Victoria, Kelowna, Nanaimo, and Kamloops anyways they seem to have very low inventory right now. I suppose some of that is the question what do I buy when I sell? Because there is nothing on the market to buy!So no one is selling because there is nothing to buy.