Kelowna named best city for real estate investment in Western Canada

Western Investor, a real estate news source, named Kelowna as the top choice

City of Kelowna is located along the shores of Okanagan Lake. (City of Kelowna - Facebook)

Kelowna is the best city for real estate investments in Western Canada.

That’s according to Western Investor, a source for commercial real estate and business opportunities in Western Canada.

Kelowna is Canada’s 53rd most populous city but has the 10th busiest airport, which the Western Investor said is a “telling” statistic that it’s a growing city and the reason why it called it the best.

The report noted two new hotels at the airport, as well as construction of new commercial and residential buildings in the downtown area.

The buildings include the One Water Street condo tower and the Ella Tower. In total, there are 12 residential towers under construction in the city.

The source also pointed out Kelowna has a 4.9 per cent office vacancy, with more office spaces under construction.

“It’s gratifying to see the city’s long-term vision for this area becoming a reality,” Mayor Colin Basran said.

“The mixture of commercial, industrial and residential properties create a dynamic and attractive hub of development where people can work, live and enjoy leisure time all in one spot.”

Other B.C. cities named in the top five include Prince George and Chilliwack.

READ MORE: Kelowna real estate market seasonally on-trend heading into summer

READ MORE: Rogers announces $16.5M investment to improve cell service in Kelowna


@twilamam
twila.amato@blackpress.ca

Like us on Facebook and follow us on Twitter.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Crews called to overnight fire in Ellison

Kelowna Fire first received the call around 9:55 p.m.

Kelowna RCMP make arrest in fatal stabbing of 16-year-old Elijah Beauregard

An 18-year-old woman is in police custody facing a manslughter charge.

Kelowna Firefighters douse suspicious hedge fire

A 30’ section of cedar hedge burned prompting an RCMP investigation.

West Kelowna director nominated for Juno Award

Johnny Jansen directed B.C. band Said the Whale’s ‘Record Shop’ video

West Kelowna Warriors edge Vernon Vipers 6-4

The teams meet again on Saturday, Feb. 22 at 6 p.m. for the final game of regular season

Governor general says multiple solutions needed for ‘complicated’ overdose issue

Julie Payette met at a fire hall with firefighters and police officers as well as politicians and health experts

HIGHLIGHTS: Day one and two at the 2020 BC Winter Games

Athletes had sunny – but cold – weather to work with in Fort St. John

BC Senior Curling titles to be decided in Vernon

Wes Craig, Penny Shantz looking for fifth championships; Steve Wright, Donna Mychaluk into finals

B.C. money laundering inquiry to begin amid hopes for answers, accountability

Eby argued that most B.C. residents already know the previous government, at best, turned a blind eye

Blockades remain in place as Wet’suwet’en hereditary chiefs returning to B.C.

Hereditary Chief Woos said they are ready to engage in nation-to-nation talks with the B.C.

Dale family was prominent in Summerland’s past

Ruth Dale taught for many years

Tyler Toffoli scores twice, Canucks crush Bruins 9-3

Stecher, Miller each add three points for Vancouver

Zamboni driver, 42, earns NHL win over Maple Leafs

Emergency goalie called into action for Carolina Hurricanes

Most Read