UDI Pushes Best Practices in Stable Market

October 28, 2015 5:28 pm

Urban Development Institute

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Despite worry about impacts from a weaker energy sector, real estate markets in the Okanagan are in a good place.
The hangover from the 2008 correction is over, stability has returned to the valley and 2015 is showing respectable growth.
Most forecasts are the trend continues through 2016. This is a good thing, not just for buyers and sellers, but for the industry and the community as a whole.
As is the case almost everywhere, affordability and sustainability are key issues facing the Okanagan. As incoming chairman of the Okanagan chapter of Urban Development Institute, I believe a stable market environment offers an ideal opportunity for our organization, an association of professionals in the field of community development, to shift our focus from market survival strategies to opportunities to improve our practices to better meet these complex challenges.

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