Kelowna’s Still Thriving
Kelowna’s Still Thriving
The weather’s catching on – Kelowna’s property market is scorching! With average home prices breaking over 900k, I can honestly say these are unprecedented market conditions.
But, these price increases are likely to be softened with further commitment from the Canadian government to address the high cost of housing to make it more accessible to young Canadians. And thankfully things are stabilizing in Kelowna with plenty of expansion going on in our beautiful city. A large-scale development allocated in Kelowna’s South Ridge aims to add plenty of new residential options with beautiful lake views. Between this proposal and plenty of new apartment developments happening in our more populated areas, Kelowna’s growth spurt continues to thrive largely from increased interest from larger urban centres like Vancouver, Victoria, Calgary, and Edmonton.
If you’re worried about this growth spurt and its impact on housing prices, don’t worry – we can work through it together! Whether you’re looking to assess your options, relocate to Kelowna, make a move within the city, or sourcing a prime investment, I’d love to help guide you through the process! Let’s get in touch and find the best way to help get you into this exciting Okanagan market.
Additional Reading
Spring Housing is Blooming
March is finally here, which means the sun is about to shine and the market is about to thrive! Historically, the Kelowna and Okanagan spring housing markets are where we start to see the first surges of activity for the year. When we consider that only a couple of...
Reduced Rates and Rental Registry
Another wave of changes are making their way to the Kelowna housing market. In late January, we saw two significant events take place - BC’s short-term rental registry rollout, and the Bank of Canada’s overnight interest rates getting reduced down to 3%. Kelowna’s...
Is Kelowna’s Market Stabilizing?
Kelowna’s real estate market in 2024 was a bit of a wild ride. The year kicked off slowly, with high interest rates making it tough for many buyers to afford homes. It wasn’t just Kelowna feeling the squeeze - this was a trend we saw happening across all of British...
