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
More Housing is Coming
It’s no secret that the province of British Columbia has been struggling in the affordable housing department for some time now. In its latest action plan, the provincial government is looking to shift the narrative and deliver more affordable housing to British...
Back In The Valley
While plenty of real estate markets have experienced highs and lows going into and coming out of the pandemic, the Okanagan continues to maintain a unique standing. Unlike many Canadian real estate markets, the Okanagan (and Kelowna in particular) was on a steady...
Welcoming the New
The Okanagan - Canada’s best-kept secret for decades - has been on the map for a few years now thanks to our incredible lifestyle, weather, and real estate opportunities to name a few. With Canadians shifting their priorities throughout the pandemic lockdowns, seeking...



