Welcoming the New

Welcoming the New

Mar 8, 2023 | Finance, Local, Real Estate

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 greater access to the outdoors, a more spacious quality of life, all the while wanting options for city-like amenities and shopping, Kelowna is now booming with new commercial and residential opportunities.

Market activity over the last few years tells an unparalleled success story for our community; and while many national markets have experienced volatility in recent months, the valley continues to thrive and property valuations continue to remain strong. Now that restrictions have been put in place to discourage foreign buying and ownership, and with the proposed launch of a first-time buyer tax-free home savings account, there’s never been a better time for Canadians to invest in the Okanagan and take part in the lifestyle we’ve grown so fond of. 

This newly-proposed option for first-time buyers would allow up to $40,000 of tax-free savings towards a home purchase, creating an incredible opportunity for those looking to enter this competitive marketplace. With the Okanagan growing at a noticeable pace, there’s never been a better time to secure a property investment in our flourishing community.

Looking to make a move but aren’t sure where to start? Let’s start talking strategy to make sure you’re successful and satisfied with your investment in Kelowna real estate. I’d love nothing more than to share what I’ve learned over the last 20+ years to ensure you can make a confident and informed decision 🙂 

Additional Reading

Reduced Rates and Rental Registry

Reduced Rates and Rental Registry

Another wave of changes are making their way to the Kelowna housing market. In late January, we saw two significant events take place - BC’s short-term rental registry rollout, and the Bank of Canada’s overnight interest rates getting reduced down to 3%. Kelowna’s...

Is Kelowna’s Market Stabilizing?

Is Kelowna’s Market Stabilizing?

Kelowna’s real estate market in 2024 was a bit of a wild ride. The year kicked off slowly, with high interest rates making it tough for many buyers to afford homes. It wasn’t just Kelowna feeling the squeeze - this was a trend we saw happening across all of British...

Where To Go Next?

Where To Go Next?

As we start getting ready to say goodbye to 2024 there’s plenty of curiosity about what the Kelowna real estate market is going to look like in 2025 - and with good reason! This year we saw so many changes take place that had significant impacts on our local market,...

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