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 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 🙂
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...
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...
As the New Year starts to get rolling it’s an exciting time for the Kelowna real estate market. With housing prices at the end of 2021 sitting about 30% higher than 2020, this year’s looking to be fantastic for growth within our community and housing...