They Grow Up So Fast

They Grow Up So Fast

May 12, 2022 | Local, Real Estate

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 feels like every month the story’s more or less the same, but that doesn’t mean it’s anything less to get excited about.

If you thought the market would slow down this spring, you might be in for a surprise. Despite sales being down approximately 30% from last year it’s important to keep in mind that last year was record-breaking in almost every sense. So, just because sales are ‘down’ doesn’t mean that market activity has slowed down. Inventory availability also plays a large role in this situation, as availability of homes for sale is quite limited at the moment.

That being said, with new skyscraper development proposals continuing to make their way onto the scene, our city’s growth will continue in one direction – up! Thankfully a lot of this growth is going to take place in the form of apartments, which means that situations like these can turn 16 housing properties into over 700 units, making plenty of room for new residents to come and enjoy the Okanagan lifestyle. 

Whether you’re buying or selling in this exciting time, there’s always strategies to consider that can change your move from ‘good’ to ‘great’! Let’s work together to set you up for success in our budding city and find you the perfect opportunity. As a proud resident of the Okanagan I’d love nothing more than to welcome you into our beautiful community 🙂

Additional Reading

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Summer Market Stability

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    For the first time in almost two years, Kelowna’s housing market is showing signs of cooling down and stabilizing. COVID brought a lot of attention to Kelowna with its high appeal to the shifting landscape of professionals working from home and...

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