Considering a move to Kelowna, BC?

By
Real Estate Sales Representative with Walker Real Estate group

The area around Kelowna, British Columbia is one of the fastest growing communities in all of North America, with many people of retirement age choosing the relatively mild climate in the Okanagan Valley over some of the colder areas of the province. The growth in population has made it difficult to keep up with the demand for Kelowna real estate.


The market for homes in the area is very overheated due to the rapid influx of people. There is a need to increase the inventory, especially in the last few years. The people moving into the area are looking for comfortable and attractive Kelowna homes, especially in the most desirable areas of the community. The size of the area within the boundaries is larger than other cities with a greater population. This can mean longer commute times and a mixture of neighborhoods.

There are ten major divisions in the city. Within each of the sectors, there are multiple neighborhoods. The most recent estimates of population size are around 120,000, but the numbers are changing so rapidly that they could be much higher. There is a thriving tourism base in the area, thanks to the beautiful Okanagan Valley and the Okanagan Lake as well.

The many activities in the area which draw visitors include both summer and winter pastimes. The summer season features, water sports, hiking, biking, golf, boating and fishing on the lake. In the winter, visitors enjoy skiing at Big White and Silver Star ski resorts. A significant source of employment in the region is based on services for tourists and visitors. Retirees are another large segment of its population, They enjoy the milder climate, which supports the many activities available to senior citizens.

The area is known for its production of wines which are recognized internationally. Mostly, the vineyards are located south of the city where the climate is ideal for growing quality grapes. Sun-Rype bars also have their headquarters within the community. The area has been compared to the Napa Valley, California for its climate and wine production.

The city is located in south-central British Columbia, Canada. The regional District of Central Okanagan has its headquarters in the city. In population, the greater metro area is the 3rd largest BC province city and 22nd largest population in Canada. The name of this city means "grizzly bear" in the indigenous language. The metro area and Kelowna market update includes Penticton, Summerland, Peachland, Lake Country City and West Kelowna.

The climate of the area is classified as semi-arid. The winters are cold and cloudy with sunny, dry and hot summers. Inhabitants enjoy all four seasons. The proximity of Okanagan Lake helps to create a more moderate temperature. Another moderating aspect is the mountains which surround the Valley. The recorded average high temperature is remarkable for being above freezing, irrespective of which month it is. This temperature moderation cannot be found in other cities in Canada.

In Kelowna homes for sale are still available with many styles to suit the buyers' preference. The prices are somewhat higher than in other Canadian listings.
 

Get exclusive access to our site to read the informative Kelowna real estate market update. To search all Kelowna homeslistings right now, pay a quick visit to our recommended web page.
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Thank you for a helpful post on your Kelowna real estate market.

Oct 28, 2016 03:46 PM #1
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