UPDATE - READ THE UPDATED 2017 Q3-Q4 VANTAGE REPORT HERE
With the first half of the year on the books, I wanted to summarize where we are at during these interesting times.
The Desire for Investment Properties Is Staggering
As you might expect with two years in a row of double digit property value growth in the Okanagan, and the headlines that go with it, we have seen the number of properties purchased for investment increase by 40 percent. This is a combination of baby boomers looking to augment their retirement income and out-of-towners catching wind that Kelowna’s market is in the full swing of a real estate boom and looking to get a piece of the action.
Now not all real estate investments in Kelowna have performed equally. Some have…