According to the Okanagan Mainland Real Estate Board, residential sales are down 9 per cent from this time last year in the Revelstoke to Peachland area.

91裸聊视频淲hile sales levels have maintained momentum more than in other markets, we continue to see the fallout of federal mortgage policy creating pent-up demand,91裸聊视频� said OMREB president, Michael Loewen.

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The number of new listings in June were down 17 per cent from last month and 14 per cent fewer from last year this time, yet the number of homes available rose 12 per cent over this time last year

91裸聊视频淲e typically see the market slow as compared to the busy spring months and this past June was no different. This, coupled with an increase in housing supply helped move the market closer to balanced conditions,91裸聊视频� notes Loewen, adding 91裸聊视频渄espite muted demand and growing housing inventory, prices continued to remain buoyed.91裸聊视频�

91裸聊视频淲hat we really need is for government to focus on creating more favourable conditions to facilitate builders and developers to bring housing projects to market faster in order to better respond to increases in demand.91裸聊视频�

The average time it took to sell a home was 84 days in June, higher than May91裸聊视频檚 71 days and last June91裸聊视频檚 60 days.

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michael.rodriguez@kelownacapnews.com
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