Go Kelowna Homes

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

09/23/2026

Canada Fee Cuts Could Unlock Supply
Development fees are a significant factor in new home prices across Canada, and recent findings from our national housing agency reveal just how impactful fee reductions could be. In markets like Toronto and Vancouver, eliminating these charges could make about 10% more projects financially viable, with Toronto even able to meet half its current supply goals. By comparison, Calgary's fees for a one-bedroom high-rise sit around $4,000—far less than Vancouver’s $20,000–$33,000 for similar homes. Yet, it’s important to remember that these fees fund essential infrastructure like roads and sewers, so a balanced approach is needed. Lowering fees on family-sized homes could be a game-changer, especially for families struggling to find new builds that are affordable against resale options. As someone who is always working to help clients achieve their home ownership goals, I see how such changes could unlock more choices for families here in Kelowna and beyond. Every transaction is unique, and understanding these market forces is key to finding the right opportunity for each client.

09/22/2026

Canada's housing market 'finally' moving toward recovery this year: RBC
We're seeing encouraging signs in Canada's housing market, with the landscape finally moving toward recovery. Home resales are on the rise, inventory is stabilizing, and prices are finding their balance. While RBC notes that resales may dip by 3.6% this year before rebounding by 6.7% next year, we can expect only modest increases in prices—supported by steady interest rates and a watchful eye on external influences. In every transaction, my focus is on navigating these shifts with the negotiation expertise and integrity my clients count on, ensuring your experience is tailored to your long-term goals. Each move in the market brings its own set of challenges and opportunities, and I’m committed to delivering results that support your vision of home and quality of life.

09/21/2026

Canada: Rate Cuts Can Worsen Affordability
A recent study from central bank researchers offers some valuable insight into how interest rate cuts impact housing affordability in Canada. While many expect that lower borrowing costs will make homes more accessible, the research points out a more complex reality: when rates drop, housing demand rises almost immediately, with resale activity picking up within months and peaking 18 to 24 months later. However, new housing supply doesn’t start to respond until about two years down the line. This time lag means that while buyers are quick to enter the market—especially when strong labour markets and easier lending conditions give them confidence—builders take longer to bring more homes online, particularly for larger projects that require significant planning and permitting. Even though lower rates eventually support more construction as project feasibility improves, the immediate result is often increased competition and pressure on prices, not better affordability. For those navigating the Kelowna and Okanagan markets, this underscores why affordability challenges persist despite monetary policy shifts. Each client’s journey is unique, and understanding these market dynamics is key to making informed decisions and achieving long-term goals.

B.C. and Ottawa discuss cutting developer fees to boost housing constructionThere's some significant movement underway i...
09/19/2026

B.C. and Ottawa discuss cutting developer fees to boost housing construction
There's some significant movement underway in B.C. that could reshape our local housing landscape. The province is in talks with Ottawa to reduce development cost charges by up to 50% in high-growth areas—a step that could directly impact the pace and affordability of new home construction. Alongside this, a $3.2 billion commitment over the next decade aims to support multi-unit housing and convert more than 2,200 unsold condos into affordable options. As someone deeply invested in securing positive outcomes for buyers and sellers in Kelowna, I see these measures as a promising effort to address both housing supply and affordability. Every transaction I handle is unique, and it’s these kinds of forward-thinking initiatives that can open new doors for clients striving for their dream home. Long-term quality of life and satisfaction remain at the heart of my approach, and I’ll be watching closely as these changes unfold.


http://www.gokelownahomes.com/agent-news/michal-gookprec-okanagan-realtor/1885679-B.C.-and-Ottawa-discuss-cutting-developer-fees-to-boost-hous

09/16/2026

Okanagan Inventory Awaits Province's Next Move
As someone who keeps a close eye on Kelowna and the Okanagan market, I’ve been following the province’s condo conversion discussions with particular interest. The latest Q2 2026 numbers spotlight 373 completed but unsold homes in Kelowna—spanning 31 townhouses, 163 woodframe condos, and 178 concrete condos. What stands out is that these are spread across 11 buildings and seven ownership groups, highlighting just how widespread this inventory is. In Vernon, there are 53 completed unsold homes: 15 townhomes and 38 condos, all in a single woodframe building. It’s crucial to recognize that the age of this standing inventory varies—some homes have been finished for over a year, others just a few months. In this landscape of shifting policies and changing inventory, every transaction needs a tailored approach. My commitment remains: providing honest guidance and thoughtful negotiation, ensuring each client achieves their real estate goals in an evolving Okanagan market.

09/15/2026

B.C. Home Sales Stay Resilient Amid Lower Mainland Shift
July saw B.C. home sales dip by 6.7% year over year, with 6,561 properties changing hands and the average price settling at $929,619—a 1.3% decrease. The total sales volume also slipped by 7.9% to $6.1 billion, with the Lower Mainland driving much of this decline. As someone committed to guiding clients through every market shift, I see these numbers as a reminder that each transaction is unique—requiring skillful negotiation and a personalized approach. Whether you're buying or selling in the Okanagan, my focus remains on ensuring your experience is seamless and your long-term goals are always the priority. Every market presents its own challenges, but with integrity and expertise, positive outcomes are always within reach.

09/14/2026

Canada Housing Just Got More Interesting
There’s a fresh energy in the Canadian housing market right now—home sales are picking up, yet buyers are proceeding carefully, and activity still trails last year’s pace. What’s especially interesting is the recent decline in new listings while sales are improving, which is slowly nudging supply and demand toward a more balanced state. We’re not seeing dramatic price swings; instead, price growth remains steady, providing some much-needed stability for buyers. For anyone considering a move, it’s important to remember that regional differences are still significant—your experience can vary widely depending on where you look. Each transaction is unique and requires a thoughtful approach, especially here in Kelowna and the Okanagan. Navigating these nuances with a focus on your long-term goals is what makes the journey rewarding. In my experience, a tailored strategy and a commitment to integrity truly make a difference in helping you achieve your real estate ambitions.

Just a happy puppy 🐶 ☺️. Hopefully you too are enjoying your Sunday.
09/13/2026

Just a happy puppy 🐶 ☺️. Hopefully you too are enjoying your Sunday.

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1429 Ellis Street
Kelowna, BC
V1Y2A3

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250-317-8655

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