Continued Organic Growth for the Okanagan
May 31, 2022
The Central Okanagan reached a benchmark price above $1 million in December 2021. It was the fastest growing metropolitan area in Canada during the 2016-21 census period and shows no signs of slowing. Rapidly growing Kelowna is experiencing organic growth due to the demand from both young people and retirees.
Prices throughout the Central Okanagan have see a large jump in year-on-year prices. The benchmark price for a single-family home in March 2022 rose 34 per cent to $1,129,000 – up from $829,000 in March 2021. The benchmark price for townhouses rose from $541,900 to $758,100. The South and North Okanagan are experiencing similar increases.
Click HERE for the full article from Global News.
New Homesites coming soon, REGISTER today! Visit the Lakestone Info Centre & Show Homes, open Tuesday to Saturday from 12 to 4 pm. The Info Centre is located at 9678 Benchland Drive and our 3 Show Homes are just around the corner in the Highlands. Call 250.766.1213 to speak to one of our representatives.
Stay connected and up-to-date with Lakestone by joining our social media pages on Facebook, Instagram & Twitter.