Okanagan Lakefront Properties

If you are seeking an empty view lot to create your custom home or prefer a turnkey property on the lakefront of the Okanagan, our professional, friendly team at Kelowna Life Real Estate Group has plenty of options available to you.

Front Row Seat To Ogopogo

Relaxing waves and an abundance of local wildlife are yours to behold. There are multitudes of properties that offer everything you are seeking: personal docks, boat lifts, boathouses and even separate guest accommodations. Imagine watching the eagles soar and the fish jump from your very own backyard! Kelowna Life can make it happen. We take pride in delivering above and beyond when it comes to our client’s wishlists.

Discover Your Oasis in the Okanagan

Enjoy a refreshing dip in the lake any time you desire. Perfect for a variety of watersports and lakeside hiking, living on the water is ideal for those who prefer an active lifestyle or enjoy being inspired by nature. Our diverse landscape provides endless hours of entertaining possibilities. Create the space that family and friends will beg to visit and capture your waterfront dreams today! We have a variety of properties to share with you. Okanagan Lake offers endless lakeshore living options. The Okanagan also offers many other options including Shannon Lake on the Westside and the memorizing turquoise of Kalamalka Lake, sandy Skaha or other options in the region. Regardless, if you prefer a place where motorized watercraft is not allowed to disturb you or you seek a location fit for wakeboarding…we’ve got you covered.

Memories On the Water Await!

Many clients desire a lakeside vacation property to visit in the summer months and others  choose to live on the water year round. Kelowna Life Real Estate Group can put you in touch with the landscape and offerings you desire, even if you’re interested in building a custom home in Kelowna. Our local team knows every inlet, bay and beach. Let us help you discover waterfront perfection at its’ finest. There are residential and commercial spaces to behold. We enjoy helping clients embrace the Okanagan lifestyle. Perfect for water skiing, tubing, wake boarding, wake surfing, sailing, swimming, fishing, SUP, kayaking and canoeing; our backyard brings people from all over the globe.

Turn A Vacation Into Your Daily Lifestyle

Our expert real estate team can help you define your lifestyle by offering properties to view that meet your criteria. Enjoy having a place to visit or live year round along the beach. Enjoy breathtaking views, ample bird life, iridescent dragonflies, Mountain Goats, deer, moose, bear, marmots and squirrels galore. Take in the fresh air, sunshiny days, delicious fruit crops and world class wineries that define our region. Kelowna and area are yours to explore! Working with a local team who knows all of the neighbourhoods and lakeside locations will help you streamline your search. From freehold semi-detached properties to waterfront condos, vacant land and every aspect in between, our team is ready to show you the latest listings! Call us today and let’s go house hunting!

Our team is available to meet with you at your convenience and show you all the different options available. Please contact us at info@kelownalife.ca, 250.864.5445 or simply click here.

Selling Your Home in The Spring Market

As Spring gets closer, are you getting anxious to get your home on the market? Do you know what you need for selling your home in the spring market? Have you chosen the right Kelowna Real Estate agent to sell your home? Choosing the right professional agent is the most important step when listing your Kelowna home. When you chose your agent, you should be confident in their qualifications and knowledge to get your home sold for the price you want.

Selling Your Home in The Spring Market

The Kelowna Life Real Estate Group knows that you need to be strategic when listing your home in the spring. It can be a competitive time and having the right real estate agent who is knowledgeable about the Kelowna real estate market is essential.

Tailored marketing plans, attention to detail and listening to your needs are just a few of the attributes you should be looking for in an agent.

Kelowna Life Real Estate Group

Award winning Kelowna REALTORS® Rob Nelson & Jason Abougoush with Kelowna Life Real Estate Group & Macdonald Realty Kelowna have extensive knowledge and marketing plans to ensure your home stands out from the rest. Our team includes active productive agents, a professional photographer, a social media expert, a marketing team, and an assistant to ensure we are delivering the upmost of service to our clients.

It’s an important decision when selling your home, and it’s imperative to chose wisely who you have represent you. Find out what makes us different!

Contact us today and let us help you with all your Real Estate needs while you ENJOY KELOWNA LIFE.

2020 Property Assessment – Things To Know

You have probably already received your 2020 Property Assessment in the mail. How does your assessment this year compare to last year? Did it decrease or increase? According to Okanagan area Deputy Assessor Tracy Wall, “For the Okanagan region, the majority of homeowners can expect to see stable values with slight changes from last year.”

Compare To Last Year

In Kelowna, there was a two percent drop from last year’s typical assessed value of a single-family residential property. The typically assessed value now sits at $629,000, down from $643,000. Overall, the Thompson Okanagan’s total assessments increased from about $147.7 billion in 2019 to $153.1 billion this year. A total of about $2.7 billion of the region’s updated assessments is from new construction, subdivisions, and rezoning of properties. BC Assessment’s Thompson Okanagan region includes the urban centres of Kelowna and Kamloops as well as all surrounding Okanagan and Thompson communities as listed below.

2020 property assessment Kelowna life

Does It Affect My Taxes?

Tracy Shymko explained, “It is important to understand that increases in property assessments do not automatically translate into a corresponding increase in property taxes.” “As noted on your Assessment Notice, how your assessment changes relative to the average change in your community is what may affect your property taxes.”

There’s More Info Online

BC Assessment’s website at bcassessment.ca includes more details about the 2020 property assessment. It also provides further property information and trends such as lists of 2020’s top valued residential properties across the province.

Property owners can register for a free BC Assessment custom account. Such an account unlocks additional property search features such as; check a property’s 10-year value history, store/access favourites, create comparisons, monitor neighbourhood sales, and use the interactive map.

If you have any inquires, please contact us. We would be happy to answer any questions you have!

Several Simple Ways to Winterize Your Luxury Home

Are you leaving your home behind for a hot, sandy beach in Mexico (and making us jealous) or settling in at home to endure the cold? Either way, winterizing your luxury home is a good idea for the season. The cold weather, in combination with snow and ice, can easily cause problems without the proper attention and care. Besides, who wants to start their spring performing a myriad of renovations?

luxury-home-exterior-after-snowfall

Why Luxury Homes Make Winter Home Maintenance Easy

A lot of luxury homes are now integrating smart devices into their home systems. Technology like smart thermostats and lighting make it easy to schedule when they’re on or off and adjust them as needed. In turn, this makes it especially helpful if you plan on leaving for extended periods of time. This can save you money while still providing an element of security in your home.

For example, you could schedule a few lights to turn on to appear as though someone is home in the evening.

Winterize Your Kelowna Home’s Heating

Winterizing your heating (especially if you’re planning on leaving) is more than just turning it down (or off) when you leave your home. Cleaning or replacing your furnace filters should be one of the first steps, since it’s best not to have copious amounts of dust blowing around your home. This can also help with the airflow and keep your home’s temperature more consistent and regulated.

Winterize All Your Luxury Home’s Water Systems

Have you already blown out all the water of your home’s underground sprinkler system? If not, it’s best to do that as soon as possible so the pipes don’t freeze and break. Your gutters are just as important to clean out as well. Ice and snow can build up, leak down the side of your home, and damage the structure of your walls and foundation, so keep them clear to enjoy snowfall versus worry about its potential damage.

Doing your due diligence with home maintenance for the winter just makes sense. You’ll avoid unnecessary renovations and can focus on spending time with friends and family this holiday season.

Kelowna Life is here to help guide you through the luxury home real estate market, get in touch with us today!

Simple Repairs to Help Your Kelowna Home Show Better & Sell Faster

It is amazing how many details go into selling a home. Prospective buyers in Kelowna are eager to pick up a home with ultra-modern amenities and styling. While you may not be able to install new appliances and it probably isn’t a good investment to replace the kitchen countertops, there are still a few major improvements you can handle yourself.

Of course, fixing up what you already have will be the most cost-effective improvement you can make.  In fact, there are even some simple renovations you can do yourself to increase your home value. Start by picking apart your home as if you were a critical investor – that should give you a better sense of what will stand out to potential homebuyers in Kelowna.

Here’s a list of common home repairs to get your mind on the right track:

  • Updated windows, roof & doors
  • Enhanced landscaping & curb appeal
  • Molding & trim
  • New fixtures (faucets, lights, cabinetry handles, etc.)
  • New floors
  • Fresh paint (interior & exterior)
  • Energy-efficient upgrades & appliances

Small Tasks To Help Your Home Sell Better and Faster

Taking time to ensure the details have been carefully looked after is important. New home buyers want to get as much bang for their buck as possible.

New flooring is a common upgrade; however, many DIY homeowners will have lose their zest by the time they get around to finishing the molding. Don’t skimp out on your perimeter.

Ensure that you have properly finished each room by protecting the edges of the floor and the walls securely and accurately. Staging your home is a great way to invite potential buyers to visualize living in your space.

Some of the best ways to help your home sell better and faster include:

  • Remove personal items for showings
  • Create a clutter-free vibe
  • Get an appraisal to determine a fair selling price that reflects recent upgrades
  • Create the illusion of extra storage by packing closets up
  • Use vanilla extract in the kitchen to create warm and inviting aromas
  • Remove traces of pets or any lingering odours

paint-Help-your-Kelowna-home-show-better-and-sell-faster-Kelowna-Life-Real-Estate

Landscaping and Curb Appeal

Adding some shade producing trees, organic fruit trees or evergreens can drastically change the look and feel of your home. Fall is a popular time to add trees, perennials or flower bulbs.

If you are considering low water and xeriscaping plants, the Okanagan Xeriscape Association has a list of over 400 native plants, trees, bushes, grasses and more that can increase visual interest.

It’s vital in today’s society to have native species of plants and trees for the health of birds and bees. Enhancing your curb appeal can definitely help your home show better and sell faster, but it also has practical environmental effects too!

Uniform Upgrades

It can be tempting to sink all of your funds into a new kitchen or master bathroom. Sometimes, these key rooms require a complete gut job. Do your research to find a contractor who can meet your time frame and budget. Stretching your dollar further is easier when you look for refurbished items.

Recycling wood and fixtures can save you lots of cash and help the planet too!

Family planning home repairs

Make A List To Help Your Kelowna Home Show Better and Sell Faster

It can be overwhelming to try and complete all of those finishing touches you have been meaning to implement prior to listing your house for sale. Kelowna Life recommends breaking your tasks down room by room. This makes it easier to focus and stick to a budget and time schedule.

Starting from the exterior, do a perimeter walk around with a notepad and a pen to take note of what items you see right away (both positive and negative). This can help you define areas of success and identify where you may need improvement.

Cluttered garden beds can be just as distracting as cluttered countertops.

Ask For Help

When preparing their Kelowna home for sale, many clients find it helpful to work with a friend or a family member to obtain an unbiased view.

When you live in the space you are trying to sell, it can be easy to ignore that annoying dripping faucet or not see the cracks in the foundation simply because you have gotten used to these things over time.

Once you have a list of the issues in your home, setting a budget and deciding on priorities is much simpler. Investing in home improvements to boost property value is the best way you can help your Kelowna home show better and sell faster.

Kelowna Life Can Help You Sell & Find Your Dream Home

Following simple tips and tricks can help you improve your home in a sensible way. Regardless, if you plan on completing these renovations yourself or hiring someone to help, you can enjoy a return on investment with careful planning and budgeting.

Kelowna Life Real Estate Group is here to offer buying and selling advice all the way. View our latest listings to become inspired! We’d love to meet with you and help you find your perfect Kelowna home! Contact us today for more information on listing or to schedule a viewing.

Kelowna Properties: Buying Lakeview Heights Kelowna Real Estate

Looking to buy real estate with stunning lake views? If you type “Kelowna real estate lake view” into Google search, you’ll come across plenty of Lakeview Heights Kelowna real estate listings.

After scouring through Lakeview Heights real estate listings and photos of the area, you’ll immediately see why investing in Lakeview Heights real estate is worth every cent. This community follows the western shoreline of Okanagan lake which provides homeowners in this area with 24:7 views of Okanagan Lake and Okanagan Mountain Park.

Aside from world-class views, there are many other perks of living in Lakeview Heights.

About Lakeview Heights Kelowna Real Estate

Lakeview Heights is a well-established neighbourhood within the West Kelowna municipality.

This neighbourhood was originally developed in the 1960s, on land leased from the Westbank First Nation as privately-held property. It continues to be popular for its lush vineyards, mature landscaping, and secluded beaches, as well as its proximity to the urban amenities of West Kelowna and downtown Kelowna.

The magnificent wineries that line the Westside Wine Trail, easy access to the bridge and beautiful homes make this area highly sought-after.

While all homes in this area are architecturally stunning and well looked after, the type of homes are varied; Lakeview Heights real estate comprises of spacious, modern, older, single-family homes, newly-built subdivisions, lakeside cottages, and condominium developments. This offers homebuyers a variety of home styles and options to choose from.

Although Lakeview Heights is a highly-sought-after area, they are more affordably priced than any other lakeside properties in Kelowna.

Plenty of Schools to Choose From

Lakeview Heights is wildly popular with young families due to the short commutes to work and the highly acclaimed Central Okanagan School District No. 23.

Fortunately, there are plenty of schooling options for all school-aged children in this area.

Schools near Lakeview Heights include:

Award-Winning Wineries and World-Class Restaurants

For wine lovers, living in Lakeview Heights is a dream come true. There’s a reason why the street names “Pinot Noir” and “Pinot Gris” exist in the Lakeview Heights community.

The Westside Wine Trail runs directly through Lakeview Heights and features many world-class wineries including Quails’ Gate, Mission Hill Family Estate Winery, Mt. Boucherie Estate Winery, Beaumont Winery and Volcanic Hills.

Many wineries on the Westside Wine Trail also feature world-class restaurants that use fresh and local ingredients. For example, Quails’ Gate Winery is home to Old Vines Restaurant which is rated as one of the top restaurants in Canada. This restaurant has been described as, “an all-season farm-to-table culinary destination”.

Investing in Lakeview Heights Kelowna Real Estate Means a More Balanced Lifestyle

Ready to live a life balanced by peaceful rural living and city convenience? If the answer is “yes”, Lakeview Heights is the perfect community to buy a home in.

With easy access to Okanagan Lake, orchards, vineyards, wineries, parks, hiking trails, tennis courts and golf courses, your life will be enriched with fresh food, great wine and a healthy and active lifestyle.

Below are some attractions near Lakeview Heights Kelowna Real Estate properties, all of which support an active Okanagan lifestyle:

Prefer to workout indoors? Living in Lakeview Heights means you can choose from a plethora of gyms and yoga studios in either West Kelowna or downtown Kelowna.

Tons of Amenities Near Lakeview Heights Kelowna Real Estate Properties

Minutes away from Lakeview Heights is Lakeview Village, a brand-new shopping center that has all the amenities you need. The center includes Nesters Grocery Market, a pharmacy, a credit union, and numerous other businesses such as:

  • Lakeview Liquor
  • Domino’s Pizza
  • Garrison Salon & Spa
  • Aries Accounting
  • Kinderheart Montessori School

Lakeview Heights Community Hall

Lakeview Heights has its very own community hall!

This community hall provides space for programs, group meetings and private rentals. The facility is also home to the Lakeview Heights Tennis Club.

Other site amenities include:

  • Playground
  • Pickleball courts (Three courts available to the public at all times)
  • Tennis courts (Eight lighted courts with two available to the public at all times)
  • Soccer field
  • Sports box for pickleball, basketball and ball hockey

For all other amenities, or for more of a variety of amenities, take a short drive to either downtown Kelowna or West Kelowna. Enjoy the blissfulness of home in Lakeview Heights while only being a short distance to more metro living in Kelowna or West Kelowna. The options are endless.

Jason Abougoush —Your Lakeview heights Real Estate Expert

If you’re looking for a real estate agent who is knowledgeable about Lakeview Heights real estate, Jason Abougoush is the realtor for you. He is our Lakeview Heights real estate expert and will be able to answer any questions you may have. Want to live in a place that offers 24:7 scenic lake views? Click here to take a look at our most recent Lakeview Heights Kelowna real estate listings.

Connect with Jason Abougoush today to find a home balanced by nature and city-living in Lakeview Heights.

What You Need to Know About Luxury Waterfront Real Estate in the Okanagan

Looking for luxury waterfront real estate in the Okanagan? The first step is to hire real estate agents who have experience selling waterfront real estate, as it can be a tricky and complex transaction.

There are many important details when buying luxury waterfront property in the Okanagan. Rules and regulations are constantly changing with regards to waterfront properties, and as a client, you need to know what questions to ask. However, having a professional real estate agent on board helps you know which questions to ask and when to ask them.

Before diving into this large investment, the following factors should be considered and carefully examined. Some of these important factors could drastically change the use of the property or even the value.  As waterfront specialists, Rob and Jason can help protect your investment and bring some clarity when buying a luxury waterfront property in Kelowna.

Things to Consider When Purchasing Luxury Waterfront Real Estate in the Okanagan

Waterfront: When you are buying luxury waterfront real estate in the Okanagan, you are buying the land, but you do not own the waterfront. There are very few properties in the Okanagan where the homeowner owns the foreshore right.  This means you do not own the beach out in front of your home.

Docks

If that waterfront home has a dock, the dock must have specific permission or general permission. You must ensure it is compliant with the rules and regulations set out by the ministry. Different areas of Lake Okanagan have different requirements for dock construction.  This is based on the salmon spawning, depth of the water, protection of the foreshore and indigenous plants to name a few.  You will want to make sure your dock is a legal dock before your purchase.

Building

When buying luxury waterfront real estate in Kelowna and tearing down the current home, there are new setbacks that are now in place for new home construction on the waterfront. Years ago, structures were allowed to be closer to the water but new guidelines are in place once that old cabin or beach house is taken down.

When looking into buying a waterfront property in Kelowna, it is important to hire a real estate agent who is experienced and familiar with property regulations.

Rob and Jason of Kelowna Life and Macdonald Realty are two of the top luxury real estate agents for waterfront sales in the Okanagan.  They have been selling waterfront property for years and their extensive knowledge gives their clients the advantage when buying a waterfront property in the Okanagan.

Featured Listing: 12-3756 Lakeshore Road

Luxury Waterfront Condos | 3756 Lakeshore Rd | Kelowna Life Real Estate

Presented by Rob Nelson of Kelowna Life Real Estate Group & Macdonald Realty Kelowna. Luxury Lakefront Living at its best! Enjoy the Okanagan Lifestyle from one of Kelownas most sought after locations right on the lake with pool and hot tub. Nothing has been overlooked in this home featuring custom finishings throughout with lakeviews from every corner. Enjoy the inside and outdoor lifestyle with beautiful nano doors right onto your private oversized patio featuring outdoor kitchen and hottub. Room for all your guests with 3 oversized bedrooms and 3 full washrooms. Large entertaining area featuring chefs kitchen with high end appliances. Beautiful 2 car garage with loads of extra storage and finished workshop area. Enjoy the resort lifestyle with your own boat slip with upgraded lift and access to all the amenities of Manteo Resort featuring an indoor pool, gym, clubhouse, games room, second outdoor pool with spray park and water slides, playground and tennis courts.

Click here to get more details or request a showing

Need help purchasing the Okanagan waterfront home of your dreams? Contact us today!

The Home Buyer’s Guide for Kirschner Mountain Real Estate

The Home Buyer’s Guide for Kirschner Mountain Real Estate

Part of the reason Kelowna is so attractive to homebuyers is the scenic outlooks of the Okanagan hills and mountains. On the south-eastern side of Kelowna rests the Kirschner Mountain subdivision — a serene suburb defined by the surrounding nature walks and outdoor adventures moments from resident’s doors.

For home buyers looking to enter the Kelowna market, either to settle in with their family or have a picturesque vacation spot ready for the Summer months, Kirschner Mountain brings a lot to the table.

Amenities nearby Kirschner Mountain

  • 15-20 mins to Okanagan Lake
  • 40 mins to Big White Ski Resort (much closer than the majority of Kelowna communities)
  • Less than 10 min to shopping district (groceries, pharmacy, restaurants, services, etc.)
  • Less than 10 min to schools (including secondary)
  • Hiking and walking paths just around the corner

These are some of the top reasons to call Kirschner Mountain home. What it leaves out is the natural beauty that can only be experienced in person. Most homes have lookouts that span across Kelowna, making your backdoor patio an ideal escape at the end of the day.

We love the secluded nature of Kirschner Mountain. Homes here are afforded an ample amount of space, meaning less distraction from neighbours and more privacy for you and your family to enjoy.

Friends in Kirschner Mountain home pool

Cost of Homes in the Area

Kirschner Mountain real estate is on the higher end of the average home price in Kelowna ($510,000 as of last year). This is to be expected, given the relative age and quality of homes in the area. There have been multiple PNE prize homes here in Kirschner Mountain. In terms of affordability, Kirschner Mountain homes offer exceptional value for speculators who want to make a sound investment.

Given the position of the mountain, it is unlikely to see any developments nearby that would impede lookouts of Kelowna, one of the major selling features of the area. Further, the City of Kelowna is contributing 1.2 million dollars to ensure the mountain is in good shape for homeowners in the area.

As more people are priced out of the Greater Vancouver Area, the Okanagan Valley is set to continue its climb upwards. Increasing developments of both commercial and residential space in the downtown core are ensuring there is ample space for new residents. As those new residents mature in the market, homes will remain a hot commodity — particularly those that retain their scenic status!

Not sure if Kirschner Mountain is right for you? Get in touch with the team at Kelowna Life to determine what fits your lifestyle best.

 

Real Estate Photography: Worth The Expense?

Whether it’s a single-family home, an apartment, or a luxury property, the visual of the listing is what usually draws in potential buyers. It also makes the realtor’s job much easier.

A great photo creates a strong emotional response. The buyers can imagine the property as their future home, rather than just another listing. And this is one of the driving forces behind successful sales.

From the point of view of a buyer, there’s nothing more disappointing than to find a listing with the perfect location, the right price, and all desired features, only to find blurry photos, or worse, no photos at all.

For the seller, this might result in longer selling times, adding unnecessary pressure and frustration.

To See Is To Believe

A quick online research into the topic of real estate photography comes back with a unanimous verdict. In today’s fast-moving and digital sales environment, a well-executed and strong visual is a must.

Buyers now use an array of devices and digital platforms to click through the numerous listings, and realtors mindful of this not only create a lasting impression for the buyer, but also potentially secure a returning client.

A great visual is more likely to draw the buyers’ attention, build and retain interest in the listing, and result in a faster sale and higher asking price. Yet, only a third of all realtors hire a professional photographer for their listings.

On a side note, more clicks on a listing does not always equal more sales. However, it is a good indicator that potential buyers are interested in the property and more viewings of the listing will result in finding the right buyer and building a realtor’s professional reputation.

Competition, Branding, and Efficient Time Management

Real estate is a popular career choice, which leads to an increased amount of competition. Being a realtor in the 21st century means to create a brand for yourself and promote it. High definition photography is one way for realtors to brand themselves as professionals passionate for what they do and working hard for their clients.

And for those new to the world of listings, what better way to invest resources than great visuals to add to a realtor’s growing portfolio.

As a realtor, your weekly schedule is packed with viewings, phone calls, paper work, and so much more. With such a busy schedule, taking and editing your own photos can take a great deal of time and add stress.

If you happen to be a realtor with amazing photography skills and professional equipment, and can manage to put time aside for editing, go for it. A realtor is often a Jack of all trades and to have a strong knowledge of the visual medium is a definite benefit in the field.

A Picture Speaks a Thousand Words

Look at the example below, from The Inman Files. The photo on the left is taken by a photographer who charged $500 for the shoot, the shoot on the right cost $2,500, excluding the staging.

Staggering difference, isn’t it? The same room, yet the effect of right lighting, composition, angle, and post-production make the listing either look bland or stand out.

The photo to the right is most likely to evoke an emotional response from the potential buyers and result in a fast and successful sale. As the article correctly notes, ”a potential homebuyer will not be thinking about why they love a photo; they will only know they love it,” and that they love their future home.

As for advice on how to select the right real estate photographer, do your research on local photographers and their work, and inquire with realtors.

Keep in mind: paying more for photos does not always mean better quality, but great quality photos won’t be cheap.

You can live here too! Check out Kelowna Life to learn how.

Buying Real Estate in Kelowna in 2019

Happy 2019! New year always comes with new resolutions and the inspiration to make the most of what the year has to offer.

Whether you’re thinking of moving to Kelowna or relocating within the city, January is a great time to look into buying. And now that the 2019 BC Assessment is available online it’s easy to check what your potential home is worth and how your desired community stands among the other neighbourhoods. After all, you want to make sure you not only buy the home you love, but also make a smart investment.

If your 2019 resolution is to make a smart real estate investment, there are a few things to consider.

Buying in Kelowna in Winter

Perhaps you had hoped to buy a house before the end of December but found the low inventory didn’t offer what you were looking for.

Perhaps you found your perfect listing but another buyer had a higher offer.

Or perhaps your desire to buy was affected by last year’s government policies: speculation tax, higher interest rates and taxes, and the mortgage stress test.

Real estate is a dynamic market and our experienced realtors have learned to play within the changing rules and regulations. This means, that we can give buyers the best advice on how to pursue their real estate dreams and how to navigate the policies.

Even though residential real estate in Kelowna is slower in January, compared to spring and summer, with experts by your side, any season is the right season to invest in real estate.

NOW Is Always A Good Time To Start Looking

In the winter months, inventory tends to be lower, but Kelowna is a growing city and real estate never sleeps.

Back in November we talked about “6 Tips On Why Sell Your Home In Winter. While these tips were focused on the seller, there are some points that also benefit the buyers.

Colder weather means the seller will have to pay attention to factors like energy efficiency, upgrades, and maintenance. If any issues arise, such as drafty windows, it’s in the seller’s best interest to get these fixed, which means less future expenses for the buyer.

Less inventory also means less competition, so if you’re looking to avoid a multiple offer situation and the asking price going up, this is most likely to happen in the winter.

There are a couple additional benefits.

First, prices may go down for houses that have sat on the market all winter. With low inventory, if you’ve had your eye on a property that has been listed for a while, you might be in luck.

Second, January is usually the busiest months to get mortgage pre-approvals, so while buyers are securing their financing, most sellers are getting ready to hit the market. This also means the buyer has time to scope out their perfect neighbourhood.

What’s Next?

If you have always wanted to live in Kelowna or are ready to move to a new neighbourhood in the city, we are here to help you.

Whether you are not sure if now is the right time to buy, or how recent government policies might affect your ability to buy, our Kelowna Life team is one phone call or message away from getting all the answers you need to make an informed decision.

You can live here too. Check out Kelowna Life to see how.