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

Incoming Inventory

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As we slowly make our way into the New Year, the usual speculation about future market conditions continues. Like we talked about last month, there are plenty of market influencers to consider in early 2024 that will set the tone for the rest of the year, like the...

New Year, New Market

New Year, New Market

Happy New Year everyone! Am I the only one who feels like 2024 snuck up on us way too fast?! With the New Year underway, a lot of folks are starting to wonder what lies ahead in 2024 for the Okanagan housing market. Market speculation is always a popular topic around...

Winter Growth Spurt

Winter Growth Spurt

As we head into another winter, the expected rumors and reports of a market slowdown are once again the hot topic in Kelowna real estate. But, speaking from experience, this isn’t an unnatural turn of events. Sales activity in Okanagan housing naturally tapers off...

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