The crackdown on unlicensed short-term rental (STR) properties and the introduction of a regulatory regime is one of several factors leading to a glut in the Osoyoos real estate market and the accompanying drop in prices, says a prominent local realtor.
An Osoyoos couple holidaying in Asia has found themselves caught in a bind after the Osoyoos house they were renting was recently sold, leaving their friends and family who were looking after it in their absence, locked out.
Home assessments in Oliver and Osoyoos are up 10 to 14 per cent, according to latest figures by BC Assessment.
The housing market here in the South Okanagan has slowed from the frenzied pace of the last two pandemic stricken years and people are left wondering if we are finally going to see a sustained cooling.
Sophie Gray Local Journalism Initiative Real estate sales are looking up in the South Okanagan...
