Home Sales on the Upswing

Real estate in B.C. and especially in Kelowna is on an upswing. There are 1000 baby boomers retiring everyday for the next 15 years in Canada. What does this mean? More people will be retiring and re-locating… most likely to BC, and of course here in Kelowna. Along with young couples, families and individuals finding it hard to afford a home in larger cities in Canada – this is making the Okanagan & BC more desirable and affordable to live.

Living in Kelowna means:

Boasting all amenities of a major city – fine dining, unique shops
Cultural city, offering many events, fitness, and business opportunities
Lake offering wonderful opportunities for – boating, swimming or fishing
Nearby mountains attract – hikers, climbers, skiers
Living in Sunshine for 2,000 hours annually and 28 cm of rain
Access to amazing wineries that people travel far to come see

Now, along with baby boomers retiring, some of the lowest mortgage rates we’ve seen in years Real Estate sales are surging and breaking records!

Just released from British Columbia Real Estate Association:

“Home sales finished the second quarter on an upward trend,” said Cameron Muir, BCREA Chief Economist. “The increase in provincial housing demand was broad-based, with the largest yearover-
year increases occurring in the Okanagan, the Kootenays and Chilliwack.”

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