BC Business
In its top 25 best cities to buy real estate in Canada for 2018, MoneySense magazine has ranked Kelowna 10th. Other top 10 B.C. markets include Victoria (No. 3), Abbotsford-Mission (No. 6) and Vancouver (No. 7). The list is based on relative housing value, how quickly properties are appreciating and on the market’s overall living desirability.
“The sales success of our One Water Street development near downtown on Okanagan Lake, and the fact that we brought on the second of the project’s towers online six months early, is really a practical example of what MoneySense is talking about,” said Henry Bereznicki, managing partner of project developer North American Development Group, in a release. “The fact that four of the top 10 investment cities in Canada are located in British Columbia also speaks to the confidence buyers have in the province’s real estate market as a whole.”
Last fall, Western Investor named Kelowna the No. 1 investment location in Western Canada, with Surrey coming in second.