highlights • Therewere353 M LS salesin theCentralO kanagan in July,a1.4% m onth-over-m onth decline thatwasles than thetypicalJune-to-Julydecreaseof4% .D etached salesfel by9% (to 183)and townhom esalesfel by3% (to58),whilecondossaw a14% m onth-over-m onth increase(to111). • Salesactivityrem ained subdued overal at29% below itsprior10-yearJulyaverage(of498).Al hom etypessaw salesactivitywel below average,led bydetached (-33% )and folowed by townhom es(-29%)and condos(-21%). • In thelast11 years,onlyJulyof2022 saw fewersales(at293).Atthattim e,theBank ofCanada w asaggres ively hiking interestratesto quel inflation,increasing itskey policy rateby 50 basis pointsin June,folowed byanother100 basispointsin July.
CENTRALOKANAGAN THERENNIEADVANCE sales
JULY 2024
500
- 9% vsJul2023
400
300
271 10 yr JulAvg
200
183
DETACHED sales
100
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
- 33% vs10yrJulAvg
﹍ 10 yrJulyAverage
● July
- 11% vsJul2023
200
150
82 10 yr JulAvg
100
TOWNHOME sales
50
58
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
- 29% vs10yrJulAvg
﹍ 10 yrJulyAverage
● July
- 13% vsJul2023
300
250
200
141 10 yr JulAvg
150
100
111
CONDO sales
50
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0
- 21% vs10yrJulAvg
﹍ 10 yrJulyAverage
● July
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