KELOWNA is in the Top Ten BC Towns and Cities to Invest in Real Estate:
Kelowna is one of the largest metropolitan areas in BC and ranks 22nd largest in Canada and the 3rd largest metro area in British Columbia with a population estimated at 127,380 in 2016 Federal Census.
Agriculture, Tourism, and High Tech are the major economic drivers. More than 600 high tech businesses have been attracted to
Kelowna contributing $1.3 billion to the local economy; ranking it the number one entrepreneurial region in Canada.
The city of Kelowna offers an International Airport, University, state of the art Hospital and Cancer Clinic, Big White Ski Resort, shopping, restaurants, wineries, four seasons of weather, and the beautiful Okanagan Lake.
Kelowna ranks among the fastest growing cities in BC with a growth rate from 2011-2016 at 8.6%. This surpasses the national growth rate of 5% and the provincial growth rate of 5.6%.
Kelowna is attracting business and people; from baby boomers to Gen X'ers who relocate from the Lower Mainland to take advantage of the Lifestyle and relative affordability the Okanagan Valley offers.
The average Single Family Residential Home Sold in February 2018 was $678,156. This is up 6.22% from February of 2017.
The Okanagan Rental market is extremely strong, and the vacancy rate is very low at approximately 0.6%. This makes a Kelowna a great rental market opportunity, where the right property can produce solid monthly cash flows, mortgage paydown, and appreciation.
Over all, Kelowna is poised for economic growth with new sectors, city plans, and major developments in the downtown core. The market is still heating up as population-driven demand continues.
90% of the Worlds Millionaires have been created by Investing in Real Estate:
Real Estate Cycle Investments tactics include:
- Buy and Hold Techniques
- Rent to own Techniques
- Fix and Flip Techniques
- Re-Zoning and Development
The wise investor will be diversified in todays Investment Markets and holding Real Estate in your portfolio is an excellent decision.
While purchasing your dream home is based on Emotion, Investment Properties are purchased on the basis of numbers. The numbers won't lie; either the property will make you money or it wont.
Whether you are interested in buying your first Investment property or your tenth, please feel free to contact me for some Free information and discussion. I have over 18 years of Okanagan Investment Real Estate Experience in Single Family, Multi Family, Condos, and rental management.
Real Estate Investing is my Passion and I would love to share it with you!