If recent headlines about rising inflation are making you wonder if it’s still a good time to buy, here’s what experts have to say.

Housing is an asset that typically grows in value. Plus, your mortgage helps stabilize your monthly housing costs, and buying protects you from rising rents.

Experts say owning a home is historically a good hedge against inflation. Work with a real estate professional if you’re ready to start the homebuying process today.

• April Home resales in Montreal, Toronto, Calgary & Vancouver all trended downwards, month over month
• In Montreal, sales down 2%, in Calgary, 17%, in Vancouver, 22% & Toronto 26%
• In April, the BoC raised its overnight lending rate by 0.5% and by all accounts this will happen again June 1st
• In Toronto, prices declined for the first time since the 2008 recession ( approx 3.5%)
• Toronto, Montreal & Vancouver all saw their sales-to-listings ration fall in April, bringing these markets more toward balance.
• THE BOTTOM LINE:  Our local market still favors sellers.  Many Buyers are still out there shopping & will pay for good value.  Pricing has to be accurate & sharp.  The peak is likely past - but remember, we are comparing to RECORD BREAKING DATA.

Naramata has always been a favorite destination for us & we have considered it for Retirement (it may have something to do with the quality of the wine that comes from this region!).  We chose this article because it's nice to see that some Municipalities are actually listening to their residents and also great to hear that the people of Penticton / Naramata are speaking up for themselves, their community and the environment.