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The Okanagan real estate market went through extreme growing pains this year.

According to the Association of Interior Realtors (AIR) the market at the beginning of 2022 was quite pressurized due to an influx of people moving to B.C.’s Southern Interior.

“Wow, well the market is very different than it was this time last year,” said Association of Interior Realtors president Lyndi Cruickshank.

“As we moved into January and into the spring, we just saw an incredible number of people making big life choices and moving from where they were to where they wanted to be, which in a lot of cases was the Okanagan.”

However, active listings for Okanagan homes were at an all-time low and the supply could not keep up with the demand.

In February of 2022, AIR said inventory levels in the South Okanagan were down approximately 57 per cent from the same time last year, which was already substantially lower than years prior.

Despite active listings dipping to an all-time low, prices didn’t follow suit.

“Unfortunately for many people, it put them in a position where they were really struggling to be able to find a home because we had such a tight inventory,” said Cruickshank.