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 been little to no signs of slowing down since word got out about our fabulous community.
In fact, Kelowna has now officially become the fastest growing city in Canada! No surprise when you consider our beautiful scenery, gorgeous weather, and laid back way of life. Kelowna’s housing market has seen a lot of recent growth, and now, due to a current shortage in inventory and our accelerated growth rate, we’re primed for a seller’s market. And while there’s plenty of new construction forecasted in the near future, the current demand has put the power in the seller’s hands.
If you’re considering downsizing, there’s never been a better opportunity to make the most of your Okanagan housing investment. Not only has the appeal for relocating to our gorgeous city never been higher, but housing inventory is scarce, presenting sellers with a lot of opportunity to materialize their ideal selling conditions. On top of this, average pricing in 2021 was 30% higher than it was in 2020, lending even more potential to the seller’s market!
If you’re looking for guidance navigating our current housing market, let’s get in touch and create a partnership that gets you the most out of your investment.
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