There is no doubt that the Kelowna real estate market is hot right now.
Nothing shows more than a property in Rutland that recently went up for sale for $ 375,000.
While the property was a decent size and desirable location, the house had holes in the walls, water damage, and mold.
There’s not much going on in Kelowna right now as supply just doesn’t match demand. “Src =” https://www.kelownanow.com/files/files/images/realtor.jpg “style =” Margin: 5px; “/>
One of those potential buyers is KelownaNow’s content director, Sam Hill, who has been trying to buy their first home for several months.
“It’s definitely frustrating that every time I send my real estate agent a property I want to look at, she says she already has one or more offers accepted and I don’t even see them.”
As for the problem, adding homes in an expanding area like Glenmore definitely helps, but the solution likely lies in densifying Kelowna’s town center.
“I think a higher density is definitely a good answer, and that’s how everyone wants to go now,” said Krieg. “Those under 35 want to be able to get on their cruiser bike, ride downtown, have a beer and not have to worry about driving.”
Wherever the additional housing comes, Kelowna just needs more supply at this point, according to the war, as there is too much demand to cope with.
“Kelowna is one of the fastest growing cities in Canada right now and it shows clearly.”
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