Real estate in the Okanagan is on the rise and many are facing their chance to buy real estate.
Demand in the Kelowna real estate market is so high that Mission Group, an Okanagan-based real estate development group, has over 10,000 registrants interested in their second tower.
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“We have seen enormous registrations. It’s the largest number of pre-registrants we’ve ever seen for a condominium tower, ”said Jonathan Friesen, Executive Chairman of Mission Group.
The new 34-story Bertram tower will hold 257 units and advance sales will begin on Saturday.
Prices for sale this weekend start in the $ 200,000 range with most suites under $ 500,000. However, individuals must be registered to purchase a unit.
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According to the real estate group, a significant proportion of the 10,000 registrants are from the lower mainland.
The new tower will be built in downtown Kelowna on Bernard Avenue.
Construction of the Bertram Tower will start in the fall and will take about three years.
Mission Group’s first tower, Brooklyn, is currently under construction and is sold out.
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