News & Advice regarding Princeton BC

Princeton Market Update (Oct 2024)

Posted on Nov 06, 2024

As the leaves turn and the temperatures drop, the Princeton real estate market continues to show resilience and growth. Here’s a snapshot of the latest trends and statistics shaping the market this October.

Princeton

Keremeos

Sales and Inventory

October 2024 saw a slight increase in sales compared to the same month last year, with 10 homes sold versus...

Princeton Market Update (Sept 2024)

Posted on Nov 05, 2024

Compared to the surrounding real estate markets, Princeton is showing improved sales figures overall. Seeing a whopping 51% increase of sales over last year is an amazing bounce back year, but if you look back to 10 years of sales history this is more comparable to the average years of 2014 and 2022, indicating how challenging the market was for 20...

Princeton BC Real Estate Market Update (August 2024)

Posted on Aug 06, 2024

As we approach the middle of summer, the real estate market in Princeton, BC has shown remarkable strength and resilience. This year has been particularly active, with a total of 82 properties sold, marking a significant 46% increase compared to the same period last year. This uptick in activity reflects the strong job market through various indust...

B.C. Restricts Short-Term Rentals

Posted on Jan 15, 2024

The British Columbia government has implemented new legislation to restrict those offering short-term accommodation to live on the property they're renting. This will force short-term rental platforms to share their data with the province for enforcement and tax purposes, and would limit short-term rentals to within a host’s own home, or a basement...

BC Increases Zoning Density

Posted on Jan 15, 2024

Secondary Suites and Residential Upzoning

The provincial government has announced multiple pieces of legislation that significantly changes zoning bylaws throughout the province.

Secondary Suites

All communities throughout the province will be required to update their zoning bylaws to allow at least one secondary seat or laneway house on every single...

Market Update Nov 2023

Posted on Nov 30, 2023

With only one more month to finish the year, we now have a good idea how the Similkameen real estate market fared so far in 2023. The data shows that unit sales have fizzled out compared to last year as interest rates continue to be a big challenge for potential buyers.

November is the first month in 2023 where listing inventory has fallen as listin...

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