There are various economic factors that contribute to incredibly consistent changes in the Okanagan Shuswap Real Estate market cycle. Basically there must be reasons why people start to buy and why they stop buying at regular intervals. Human beings have different risk tolerances. For instance, by 2012 buyers were few and far between. The market had been fairly stagnant for 2 or 3 years. Slowly in 2013 we started to see cutting edge investors come back to the table. These are the people who have a high tolerance for risk. The market started to move. As people heard the press reports of the market turning around more and more people began to put their toes in the market.
By 2015 and 2016 even people with very little tolerance for risk were jumping in. 2016 was the most active market we have ever seen in the Okanagan Shuswap. When things start to move too quickly those savvy investors who jumped in first started to jump out. The next groups followed. This cycle seems to take about 9 to 12 years.
The proof? The last 5 peaks in the Okanagan Shuswap Real Estate market are as follows; 1975, 1984. 1995, 2007, 2016. The market truly travels in cycles of 9 to 12 years.