The OMREB Reports:

"Already checked by higher interest rates, the market may react to predictions of more hikes, now more likely with the US Federal Reserve’s most recent rate increase and the Bank of Canada’s pledge that rates will rise in October. Government policy changes, such the proposed speculation tax slated to be voted on in October can also have a dampening effect. Conversely, the market is bolstered by strong provincial economic fundamentals such as low unemployment and demographics that include millennials ready to purchase their first home."

Here's what happened with real estate in the North Okanagan in September:

Units Listed - 302

Units Sold - 167

Days to Sell - 98

Average Prices:

Condo/Apartments - $217,869

Condo/Townhouse - $352,210

Lots - $370,125

Single Family - $522,585