Seventy-two fewer units sold between July and August, according to Association of Interior Realtors
Wildfires slowed the local real estate market slightly in August, but not enough to make a serious dent.
There were 359 units sold in the Central Okanagan last month, which was down from 408 in July and 504 in June. “This is, however, a welcomed calming of sorts, as it allows both buyers and sellers to make more informed decisions as opposed to having to expedite their decisions in order to either beat the competition or to outrun rising mortgage rate hikes.”
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