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Penticton Western News

Slow rebound to local real estate

Kathy Michaels, Penticton Western News, May 28, 2009

Real estate prices are showing signs of stability in and around Vancouver and Victoria, but experts say the bottom of the Okanagan’s market has yet to be established.

This week, Landcor and the BC Real Estate Association both released reports that downplayed the hysteria surrounding dropping home values, noting prices haven’t and won’t reach the depths previously anticipated. Both groups also highlighted that real estate values in B.C.’s larger urban centres,

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Business in Brief: Real Estate Sales Dip, Prices Jump

Penticton Western News, July 5, 2008

Reports this week have finally started calling it a buyers market, as the trend indicates B.C. is entering a cooling off period.

But while the sales numbers are down, the total sales values are still increasing for some regions, according to Landcor Data Corporation.

The Okanagan is one of three regions in B.C. — Greater Vancouver and the Kootenays are the other two areas — that experienced this total sales value increase in the first quarter of the year compared to the first quarter of 2007 despite the drop in the number of properties being sold.

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