Living in the Fast Lane

Living in the Fast Lane

May 7, 2021 | Finance, Local, Real Estate

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

They Grow Up So Fast

They Grow Up So Fast

    The headline this month? Kelowna remains the fastest growing metropolitan area in the country, with over 40% of new buyers relocating to the valley from the lower mainland and only 30% being from the Okanagan. Our little beach town is growing up fast! It...

Spring Market Update

Spring Market Update

    As the snow starts to thaw and the sun starts to shine it’s time to get excited about the coming spring in Kelowna. You can safely bet that the worst of the winter is in the rear-view and that the warm weather is just around the corner! Unlike the...

Selling Season

Selling Season

    Over the last two years we’ve seen a tremendous amount of interest from Canadians looking to downsize to a smaller community with greater access to the outdoors and more adorable living. The answer to this question quickly became Kelowna, and there’s...

250-470-0377