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
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...
Return of the Short Term Rental
After plenty of anticipation, short term rental restrictions may finally be changing in Kelowna. The question has recently shifted in a hopeful direction - from a matter of ‘if’ to a matter of ‘when’ - giving us plenty to keep our eyes on in the coming weeks and...
Peak Potential
When most buyers think of investing in Kelowna real estate, they tend to gravitate towards Downtown, South Pandosy, Glenmore, or any number of other neighbourhoods. But, what they often overlook is just up the hill at Big White Ski Resort, and it’s proving to be one...
