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
Right Between the Lines
A recent report noted that rent prices in Kelowna are on the decline, with BC showing the greatest rental price decrease in Canada so far. With increased rental supply and rising vacancy levels across the province helping ease pressure on the price of housing, it’s...
The Cost of Waiting
If you haven’t read my latest blog post yet, let’s bring you up to speed. Last month we talked about buyers and sellers both sitting on the fence, with buyers waiting for prices to soften and sellers waiting for stronger demand. But, here's the thing about fences -...
Both Sides of the Fence
March was a really positive start to the spring in the Kelowna housing market, with sales for townhomes, condos and single-family homes all showing increases compared to February. Coupled with this bump in sales activity, average and median prices for single-family...
