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

Winter Buyer’s Market Ahead

Winter Buyer’s Market Ahead

As of this month, Kelowna remains one of Canada’s most profitable and prosperous real estate markets, trailing only behind the Greater Vancouver area. But, with the Bank of Canada reducing its overnight mortgage rate to 3.75% on October 23rd and new construction...

Mortgage Rate Debate

Mortgage Rate Debate

Over the last ten years, Canadian mortgage rate fluctuations have had significant impacts on the Kelowna real estate market. This year we’ve already seen the Bank of Canada reduce mortgage rates twice, bringing the current overnight rate down to 4.5% - and it’s got a...

Buyer’s Market Boom

Buyer’s Market Boom

As the Kelowna real estate market approaches the last few weeks of the summer, things are continuing to trend in favour of buyers. Just over a month ago, the Bank of Canada reduced mortgage rates for the second time this year, bringing it down to 4.5% - a welcome...

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