The Kelowna property market has been predicted to get into a busy spring market after seeing increased activity since early 2020. However, given the current impact of COVID-19 on the global economy, the Kelowna market is expected to reach a stronger plateau in moderate spring / summer market with declining home sales.
Shoppers in the area are most concerned about affordability and crime rates, as well as the possible extreme weather the area has seen in the past, most commonly in the form of floods and fires.
So what are the best Kelowna neighborhoods to buy a home in? RE / MAX examines more than 300 of the most liveable hotspots in Canada in the new Liveability Report 2020. Here are our top picks in Kelowna.
10 Most Livable Neighborhoods in Kelowna
- Midtown
- Capri landmark
- South Pandosy
- City center
- Rutland
- Glenmore-Clifton-Dilworth
- Highway 97
- North Mission – Crawford
- Belgo-Black Mountain
- Southeast Kelowna
Up and coming neighborhoods in Kelowna
Belong to the most up and coming neighborhoods in Kelowna Kelowna North / City Center, which is known to have easy access to bike paths and hiking trails, South Pandosywhich is considered to be easily accessible and Capri landmarkwhich is often closest to work for most residents. The neighborhoods of Upper mission, lower mission & lakeside are also notably in close proximity to Lake Okanagan.
Kelowna Viability Trends
Viability in Kelowna is expected to continue to improve over the next three to five years. “Over time, Kelowna will become more urban and provide residents with better access to amenities while still enjoying the beautiful natural setting.”
Kelowna at a glance
Kelowna is located in southern interior British Columbia on Okanagan Lake in the Okanagan Valley. It is the third largest metropolitan area in the province after Vancouver and Victoria. The Okanagan Valley is very touristy and offers a variety of activities for visitors and residents. From boating, golfing, hiking, and biking in the summer to skiing and snowboarding in the winter, Kelowna is a year-round playground for many. Kelowna is also in the wine country, and it’s not uncommon for vineyards and wineries to be scattered both around town and around the city.
Canada’s most livable neighborhoods
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Quality of life is about quality of life at the local level. The dynamism or lack of neighborhood involves a delicate convergence between independent small businesses, public institutions, art and culture, green spaces and housing, to name a few. The COVID-19 tragedy will affect neighborhood ecosystems differently across the country, as will the virus itself. Civic / local pride has increased in an inspiring way during this crisis, giving Canadians hope that the microeconomics, including Real estate, in the short and medium term, has the resilience to be restored.
To learn more about viability in Canada’s largest housing markets, read the RE / MAX 2020 Liveability Report.
