Living in the Fast Lane

Living in the Fast Lane
The Okanagan market continues to flourish with inventory at an all-time low and buying interest continuing to rise, specifically from larger urban centres. Now with the weather getting nicer, we’re also seeing a shift in focus from residential properties to recreational properties, while even blurring the line between the two. In a city like Kelowna, you could argue that nearly any property is a vacation property! No wonder we’re the fastest growing city in Canada..
For the time being we can expect this red hot buyer’s market to continue until inventory starts to replenish. With plenty of new developments going up across the city over the near future it’s tough to say when this might be, but one can assume to see the volume of inventory increase with so many new apartments being built – like the new ‘Water Street by the Park’ development consisting of three towers at 24, 26 and 42 storeys.
If you’re considering relocating to Kelowna or are looking to sell, let’s get in touch and start making a plan. Before you know it we might see some double-digit price increases this spring, so let’s make the most of it!
Additional Reading
Rental Relief
Last month we took a closer look at how much our community has grown in such a short amount of time. Kelowna saw a municipal growth rate of 14% from 2016 to 2022, and with a significant downtown population increase projected with the addition of a new UBCO campus, a...
Downtown Boom
Over the last few years, the secret is out about the Okanagan - Kelowna in particular. Our incredibly high quality of life ratings led to an incredible boom in both the residential and commercial real estate markets, leading to growth that’s pushed us beyond the...
Coming Together
The last two weeks have inarguably been some of the most challenging our community has seen in 20 years since the Okanagan Mountain Park fires. It goes without saying that the McDougall Creek Wildfire took everyone by surprise and has created really trying times in...



