As we move into Spring the Real Estate Market in Kelowna is showing some very positive signs of increased activity, sales for March were up 52% over February and April is looking even better [OMREB MLS Statistics]. The interest rates have continued to fall with rates available as low as 3.85% for 5 years this week, these low rates are convincing many that have been sitting on the fence that now is the time to purchase, buyers who have wanted to purchase for the last 3 years but couldn't afford to are now moving back into the market. This increased activity is taking place mostly in the low to medium price range homes and condos and in the single family homes is stabilizing the prices, a very positive sign. For anyone thinking of buying or even selling and moving to a different property now is the perfect time, it is likely interest rates will not stay at these historically low levels for very long so it is wise to arrange with a broker to lock into todays rates for 90-120 days then start shopping.