Few places are as wonderful as the Okanagan in the summertime. With beautiful lakes, shady mountains, and plenty of sunshine, it’s no wonder that tourists frequently decide that they want to stay or invest in a vacation home after only a few short weeks, or days, in our backyard.
Recent figures from RE/MAX show that the listings and sales of recreational properties are on the rise across the country and we anticipate the trend to continue for the rest of the year. In particular, the stats show that more young families are using the equity in their primary residence to fund the purchase of a vacation home while older Canadians are purchasing vacation homes with the intention of transitioning to their recreation property full-time upon retirement. Of course, advancements in technology also allow people to spend the entire summer at their vacation home without compromising work, thanks to emails, Skype, and other digital technologies.
Here in the Central Okanagan, demand for recreational properties has always been fairly strong, but recent trends show an even bigger boost to the market thanks in large part to our Albertan neighbours. This strong real estate market presents an excellent opportunity for sellers as a well as home buyers and investors.
With some of the best weather in Canada and a lifestyle that many Canadians dream of, Kelowna is sure to become a popular location choice for retirees, young families, and those who have the enviable option of working remotely. Best of all, Kelowna International Airport continues to expand its offerings, giving residents and travellers an opportunity to “live here, work there” with little compromise.
Whether you are looking for a low-maintenance vacation condo or a luxury waterfront home, the team at Quincy Vrecko & Associates can help you find the Kelowna property of your dreams. Contact us today to learn more about this hotbed of real estate and see what we can do for you.