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Real Estate

The demand outlook for both new and resale housing is positive. In-migration will fuel demand for housing; rising wages together with low interest rates will also help support high levels of sales and new home construction. Kelowna will continue to attract buyers seeking second residences and resort homes.

With few detached units available for less than $400,000, more first-time buyers have turned to higher density housing. Resort housing and second residences have become the fastest growing segments of Kelowna’s condominium market. Retirees remain a big source of condominium demand.

Source: Central Okanagan Economic Development Commission

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