[Sylvanfan]

I live in the South Okanagan and my wife is on my case about us not having a house yet . But stats that I read suggest a 15% decrease in house prices for this coming year in B.C. Those inventory numbers seem to back it up. Hence I'm not the least bit interested in even wanting to look at a house right now. Although in Osoyoos where I live people who have their house for sale are not really that motivated to sell. They sell and it's off to the nursing home. It's not a market where people have to move because they have a job elsewhere and need to make a living like cities in Alberta are. It's like that economist stat where home ownership is greater in area's where unemployment is higher.

I will add that Osoyoos is going to be supersaturated with recreation property here in the next 24 months. It's already well beyond current demand, and theres going to be more properties completed this summer. I'll be interested to watch that market and see what has to give to get some of those properties moving. It's only in the last three months that people around here have realized the market boom is done.