Kelowna’s Still Thriving

Kelowna’s Still Thriving

Jun 28, 2021 | Local, Real Estate

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

Mortgage Rate Debate

Mortgage Rate Debate

Over the last ten years, Canadian mortgage rate fluctuations have had significant impacts on the Kelowna real estate market. This year we’ve already seen the Bank of Canada reduce mortgage rates twice, bringing the current overnight rate down to 4.5% - and it’s got a...

Buyer’s Market Boom

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Summer Market Summary

Summer Market Summary

Looking to take the leap into the Kelowna Real Estate market? This summer just might be the best time to do it! Our local housing market has been the ‘talk of the town’ in Canadian real estate for as long as I can remember. It comes as no surprise that our amazing...

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