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MMTK Comprehensive real estate services throughout Kelowna, West Kelowna, and the Okanagan, BC, Canada

10/06/2026

RBC: Housing recovery is coming, but don't expect a boom
We're seeing signs of a housing market recovery across Canada—more resales, steadier inventory, and less dramatic price declines. While RBC anticipates that sales and prices could dip again in 2026, the outlook for 2027 is more positive, with a modest improvement on the horizon thanks to pent-up demand and improving affordability. In my two decades navigating shifting markets and analyzing trends for clients in Kelowna's luxury real estate sector, I’ve learned that understanding these cycles is essential for making well-timed decisions. Staying informed and strategic lets you position yourself for long-term success, even when the market’s pace is measured rather than booming.

10/05/2026

Canadian Housing Affordability Still Needs Improvement
Canada’s housing affordability has shown some progress, reaching around 41% in Q2 2026 after eleven consecutive quarters of improvement. This trend has been shaped by lower property prices, reduced borrowing costs, and increased household incomes. Yet, even with roughly a 13 percentage point improvement from the recent peak, homeownership remains a challenge for many Canadians—housing costs are still claiming about two-fifths of the average household income. It’s important to recognize that these figures are based on average disposable income, which can paint a rosier picture than what many households actually experience, since it doesn’t reflect median incomes. As someone who monitors market trends closely, I note that this shift reflects early interest rate cuts, a significant 20% national price drop since 2022, and ongoing income growth. Looking forward, however, with income gains likely to remain modest and limited relief from rates, any further adjustment may need to come from property prices themselves, hinting at the potential for continued national price declines. My background in market analysis helps me keep a sharp eye on these evolving dynamics in the real estate landscape.

Canada’s Ambitious Plan: 4.69 Million New Homes by 2036Canada is facing a significant challenge on the housing front: th...
10/04/2026

Canada’s Ambitious Plan: 4.69 Million New Homes by 2036
Canada is facing a significant challenge on the housing front: the country will need as many as 4.7 million new homes by 2036, which means building between 417,000 and 469,000 units every year. At present, we’re only building at about half that speed—raising serious concerns about future shortages and declining affordability. Factors like high construction costs, developer caution, and notable regional differences are all at play here. Drawing on my background in finance, market analysis, and two decades navigating the real estate landscape, I keep a close eye on how these trends will influence both opportunity and risk in Kelowna’s luxury market. It’s a pivotal moment for buyers and investors alike.


https://www.housing-trends.com/agent-news/adam-klassen/1995396-Canada%E2%80%99s-Ambitious-Plan%3A-4.69-Million-New-Homes-by-2036

Home sales remain low but recovering slowly, says BCREANavigating the current real estate landscape in British Columbia ...
10/03/2026

Home sales remain low but recovering slowly, says BCREA
Navigating the current real estate landscape in British Columbia means paying close attention to the numbers—and the story they tell. In August, residential home sales across the province dipped by 4.8%, landing at $5.2 billion. Meanwhile, average prices softened by 1% to $924,826. Sales volume also took a modest step back, declining 5.5% to a total of 46,069 homes. Even Greater Vancouver, a region often seen as a bellwether, saw a 1.3% drop in prices and a 3.6% decrease in sales. These shifts may feel daunting, but from a market analysis perspective, they’re part of a larger cycle—and I always advise a data-driven approach, especially in Kelowna’s luxury segment. My background in software, finance, and analytics allows me to spot the nuances and opportunities that others might miss, ensuring my clients are prepared for every twist in the market.


https://www.housing-trends.com/agent-news/adam-klassen/2057518-Home-sales-remain-low-but-recovering-slowly%2C-says-BCREA

B.C. Home Market Shows Signs of Gradual Recovery in AugustAugust brought another dip in B.C. home sales, with numbers do...
10/02/2026

B.C. Home Market Shows Signs of Gradual Recovery in August
August brought another dip in B.C. home sales, with numbers down 4.7% year-over-year and a provincial average price just under $925,000. While sales are showing signs of gradual recovery, they’re still trailing the long-term norm. Notably, our Okanagan region saw a sharper decline at 22%, contrasting with a nearly 35% uptick in South Peace River. Navigating these shifts takes a keen eye for market trends and a deep understanding of local dynamics—insights I draw from my two decades in real estate and my background in finance and analytics. In Kelowna’s luxury market, being able to interpret these patterns is key to finding the right path forward.


https://www.housing-trends.com/agent-news/adam-klassen/2063581-B.C.-Home-Market-Shows-Signs-of-Gradual-Recovery-in-August

10/01/2026

Canada's Real Estate Recovery Takes Shape
Canada’s housing market is starting to show early signs of recovery, with sales improving, inventory levels stabilizing, and some modest price gains following a challenging period of sharper declines. Projections for 2026 indicate a slight dip in sales—about 4% down to roughly 453,000 homes—and average reference prices easing by around 2% to about $794,000. By 2027, however, we expect to see sales climb by approximately 7% to 484,000 units nationwide, with benchmark prices nudging up less than 1% to $801,000. It’s important to note that this recovery is far from uniform: Ontario and British Columbia are expected to lag behind, and increased condo supply in Toronto and Vancouver continues to weigh on those local markets. Rather than a dramatic rebound, this period looks more like a steady transition from correction to recovery—which could present meaningful opportunities for buyers as the landscape evolves. With my experience in market analysis and a deep understanding of shifting trends, I’m continually monitoring these changes to help clients navigate Kelowna’s luxury real estate market with confidence.

09/30/2026

Canada Needs More Homes to Sustain Affordability
As someone who’s spent over two decades analyzing market trends and navigating the intricacies of real estate, I’m keeping a close eye on Canada’s housing supply story. The numbers are stark: estimates now show we need between 417,000 and 469,000 new housing starts every year to return to pre-pandemic affordability by 2036. Yet, construction is slowing—especially in ownership-focused homes—even as rentals make up most of the new supply across major markets. While slower population growth has offered a brief window of improved affordability, housing starts have dropped faster than demand, which could leave us with a supply crunch when the market heats up again. For those looking at future value and stability—especially in sought-after areas like Kelowna—protecting affordability means prioritizing ownership construction now, not later. This is the kind of nuance I watch for, drawing on my background in market analysis to help clients understand the long game.

09/29/2026

BC Standing Inventory Data By City, Size, And Average Price
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1890 Cooper Road
Kelowna, BC
V1Y8B7

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+12502580078

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