Kelowna named Best City for Property Investment in Western Canada
Western Investor, a real estate news source, named Kelowna the first choice
The city of Kelowna is on the shores of Lake Okanagan. (City of Kelowna – Facebook)
Kelowna is Western Canada’s premier property investment city.
This is a source of commercial real estate and business opportunity in Western Canada, according to Western Investor.
Kelowna is Canada’s 53rd most populous city but has the 10th busiest airport. According to Western Investor, this is a “telling” statistic that it is a growing city and why it has been named the best.
The report mentioned two new hotels at the airport and the construction of new commercial and residential buildings in the city center.
Buildings include the One Water Street Condo Tower and the Ella Tower. A total of 12 residential towers are under construction in the city.
The source also pointed out that Kelowna has 4.9 percent office space and more office space is under construction.
“It is gratifying to see the city’s long-term vision for the area come true,” said Mayor Colin Basran.
“The mix of commercial, industrial and residential properties creates a dynamic and attractive development center where people can work, live and enjoy their free time in one place.”
Other British Columbia cities featured in the top 5 are Prince George and Chilliwack.
READ MORE: The Kelowna real estate market is trending seasonally and heading into summer
READ MORE: Rogers Announces $ 16.5M Investment to Improve Cellular Service in Kelowna
@ Twilamam
twila.amato@blackpress.ca
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