Kelowna Becomes Western Canada’s Investment Hot-Spot
Kelowna Becomes Western Canada’s Investment Hot-Spot
While the weather may be cooling down, Kelowna’s housing market continues to heat up. Western Investor just selected Kelowna as the #1 hot-spot for real estate investment in Western Canada, largely due to our city’s increasing levels of housing production, office vacancy rates, and high-volume airport traffic despite the current population size. With a lot of new units under construction and no signs of slowing down, the residential, commercial, and industrial markets are all set to succeed this year.
And it looks like we’re not the only ones – the MLS is reporting that BC’s overall home sales increased 19.3% year-over-year in October, with Greater Vancouver area sales increasing a whopping 45%! With all this activity, the average price of a home in BC has gone up 5.1% according to BCREA.
Are you as excited as I am? Let’s talk about how to make the most of this incredible local market potential!
Additional Reading
Warm Winter Market
As temperatures drop and the snow makes its way into the hills, the opposite seems to be happening for the Kelowna real estate market. Despite our low housing inventory, prices continue to rise! “Home prices in B.C. rose 19% year-on-year in October, but...
Enjoying the View
The last couple years have been both unpredictable and surprising for all of us, including the Okanagan real estate market. At a time when the world came to a halt, Canadians took this forced pause as an opportunity to re-evaluate their lifestyles and...
Soaring Sky High
Kelowna’s housing market continues to exceed all expectations moving into the fall. Inventories are at an all time low and outside interest has never been higher; a combined effect that continues to drive prices up, as well as new construction and...
