The City of Vancouver IS a bank, and people live in some of the vaults!
Summerland Real Estate has always been impacted by Vancouver Real Estate, but not like everyone thinks.
“The mistake most people make when analyzing Vancouver real estate is they compare it to regular real estate markets. However, Vancouver isn’t really a city, it’s a bank. People just happen to live in some of the vaults.”
Very few “cash out” buyers from Vancouver purchase real estate in Summerland, much preferring the activites, buzz and amenities of Kelowna over the small town charms in Summerland. BUT, and its a big but…make no mistake, the Vancouver cash-out trend is alive and well, and DOES create a very big impact here in small town Summerland.
For information on how best to sell YOUR Summerland property, contact Patrick Murphy 250 486 2529, proven experience.