A Diamond in the Rough

A Diamond in the Rough

Sep 12, 2020 | Finance, Local, Real Estate

Not only is the weather fantastic here, but thanks to our thriving property market, Kelowna (now, more than ever) seems to still be one of the most desirable places to live in Canada. With plenty of open space, outdoor activities around every corner, great schools and parks, and a quaint small town feel, it’s no wonder housing in Kelowna recovered so quickly from the effects of the COVIC-19 pandemic!

The weather might be cooling off a bit, but housing has never been hotter. This August’s market data shows that the average housing price has jumped up over 10% in August compared to the first half of the year – and considering that this year’s sales were higher in June, July, and August compared to last year, things are still looking up for Kelowna’s market. In fact, it’s become so appealing that many from Vancouver and the surrounding Lower Mainland have been relocating to the valley to claim their own slice of paradise.

Wondering if it’s the right time to buy or sell? Let’s figure out the strategy that makes the most sense for you in this red hot market!

Additional Reading

Growing Pains

Growing Pains

The Kelowna housing market has been the hot topic in Canadian real estate for quite some time now. Between red-hot covid markets to short term rental restrictions and everything in between, our community has seen a lot of change take place in the last few years. As...

Rentals Under Review

Rentals Under Review

The long-discussed and anticipated day has come - as of May 1st 2024, short term rental restrictions in BC have come into effect. This newly introduced regulation, set forth with the goal of prioritizing long term rental options in BC and combatting climbing cost of...

Trending Okanagan

Trending Okanagan

The Okanagan is taking its turn in the spotlight for British Columbia real estate as Vancouver starts to lose its curb appeal. While it’s no secret that Kelowna and the Okanagan as a whole have been gathering momentum for the past ten years, Covid truly sparked an...

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