The hottest 5 Kelowna neighborhoods to watch Moving to Kelowna
The Kelowna property market is a red-hot affair right now and probably for the foreseeable future. For the past few years, you hear of property appreciating for at least 8.5% in a year. Objectively, only a few property markets in Canada can stage and sustain this kind of growth.
However, you will be surprised to know that only a few of the Kelowna neighborhoods are driving the boom. You doubt that? You had better start believing.
Rutland and Glenrosa
If affordability is the thing ringing in your mind, Rutland and Glenrosa should be your favorite property spots. The jump in prices can be explained by undying appetite for first time homebuyers to get some great deal for $500,000.
Community is at the backbone of these neighborhoods. You will always find a home with adequate backyard and front space to park whatever toys you bring along. Once reputed to be on the wrong side of the proverbial track, Rutland and Glenrosa are now in the middle of the boom having the last laugh.
West Kelowna estates
This is now the haven for young families. The most sought-after Rose Valley Elementary School and Mar Jok Elementary are some of the factors fuelling the rise in demand. Great lifestyle and relative affordability are also taking a fair credit for the craze.
West Kelowna estates are balanced mix of the old contemporary homes of the 1980s fame and the newer homes springing up in the Rose Valley end. Thanks to its power to remain relevant, this side of Kelowna has a very solid demand and price forces.
Black Mountain
There is a general spike in prices of homes in Black Mountain. This has to do with the new crop of homes and the apparent attractive view. Around this neighborhood, there is a saying that when the tides rise every boat rises with it. Even the older homes are enjoying the rise and go for handsome rates that you could only dream of a few years ago.
The Mission
The new real estate sensation in Kelowna is the Mission. Ask anyone where you should be looking for a home and for sure this neighborhood will be the first or the second in the shortlist. In the past, this neighborhood was dismissed as being far away from things you need on a daily basis. But this narrative does no longer hold any water. Pandosy village is now packed with new commercial spots and further south new grocery joints are on the increase. It is a place you could call home anytime now. And on bright side of the coin, property appreciation is still in the fast lane.
Moving to Kelowna? If there is a time you should invest in Kelowna properties, this is the time. With properties generously appreciating each year, your money will never be lost. We at Kelowna Real Estate, know the “how”, “when” and “where” to invest your money. The master blueprint of the Kelowna real estate is in our fingertips; say what you want and we will get if for you.