Quote:
Originally Posted by Jonrox
Why would you not rather buy while prices are low in Kelowna? Why wait for the market to turn around for a significant amount of time and buy at a higher price? Kelowna is saturated with supply right now and there are good deals to be had right now. This is definitely a buyers market - if your price range allows it, there's a lot of lakefront homes for sale too.
Also, the impact of the HST is going to be interesting.
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Prices are lower than they have been, but until the market shows any signs whatsoever of improving, I'm going to sit and wait to see if they go any lower.
I track Sales/New Listings monthly and with the large inventory out there this thing isn't going to turn around overnight, so I am not the least bit worried about missing out on low prices.