Kelowna’s Rising Tide
Kelowna’s Rising Tide
As the New Year starts to get rolling it’s an exciting time for the Kelowna real estate market. With housing prices at the end of 2021 sitting about 30% higher than 2020, this year’s looking to be fantastic for growth within our community and housing economy.
While there might be some concerns or debate around the sustainability of our city’s growth, it’s reassuring to see that Kelowna’s been recognized as the 4th most resilient economies in the province – our 6th year in a row placing in the top 10! “Strong population growth, high housing stats and one of the province’s healthiest unemployment rates were major contributors to its success in this year’s ranking.” Our real estate market also helped with this placement, noting that Kelowna, West Kelowna, Vernon and Penticton all ranked in the top 10 for residential real estate performance.
In 2021 Kelowna also beat the 2016 record for all-time residential real estate sales with a total of over 7000! Six Okanagan properties have even made it onto the 500 top-priced real estate in the province – four in Kelowna and two in Lake country.
The valley’s red hot real estate market doesn’t plan on slowing down soon, so let’s team up to make the most of your current investment or to find you the perfect property in our unbelievably booming community.
Additional Reading
Connecting Our Community
Kelowna’s public spaces are getting some major upgrades lately. As our community continues to grow, so does the need for places that bring people together. From new recreation facilities and activity centres to expanded parks and improved waterfront spaces,...
Reframing the Market Value
For years, the concept of value in the Kelowna housing market has been relatively straightforward. Get in while prices are low, find the biggest listing with the most upside in the best neighbourhood you can afford, then sit back and let the market do the rest. As...
Intentional Moves
Recently we talked about the cost of waiting and, ironically, it looks like buyers are still waiting. While national reports suggest that housing affordability is improving, many Canadians remain hesitant because of the uncertainty we’re so many headlines about. But,...
