Downtown Boom

Downtown Boom
Over the last few years, the secret is out about the Okanagan – Kelowna in particular. Our incredibly high quality of life ratings led to an incredible boom in both the residential and commercial real estate markets, leading to growth that’s pushed us beyond the status of a little vacation town into Canada’s fastest growing city.
In fact, from 2016 to 2022, Kelowna saw a municipal growth rate of 14%! If there were any doubts before, the last few years most certainly put us on the map. Whether you believe it or not, our community is expecting yet another boom, specifically in the downtown core, thanks to UBCO’s upcoming downtown campus. Reports are claiming that our growing city will see our student population increase from 12,000 to 20,000 students by 2024. Alongside this growth our local property market will continue to flourish, with projections of 1% average housing price increases for every kilometer closer properties are to the University.
Our property market is one of the most prosperous and unique in the entire country, and I couldn’t be more happy to help guide you through this growth. So, despite some reports claiming that the market will cool this fall, rest assured that this is only a bump in the road for our ever-growing community.
Additional Reading
Kelowna Neighbourhood Spotlight
If you’ve spent any time in Kelowna, you’ll be the first to admit that it’s so much more than just sunshine and wine. Kelowna has steadily been one of the fastest growing communities in Canada for quite some time - and for good reason. With incredible seasonal...
Condo Season in Kelowna
The Kelowna lifestyle is now more accessible than ever. With the influx of options we’re seeing in the local condo market, not only is downsizing becoming more and more appealing, but so is a whole new quality of life that most home-owners in our area have only...
Perfect Timing for Right-Sizing
Is now the right time to consider upsizing or downsizing? When taking a look at June 2025’s market stats, the Kelowna real estate market is showing compelling insights for homeowners to strongly consider both options. With interest rates holding steady, inventory...



