Monday, 7 November 2016

Kelowna British Columbia Area Property Opportunities And Listings

By M Walker


The area around Kelowna, British Columbia is one of the fastest growing communities in all of North America, with many people of retirement age choosing the relatively mild climate in the Okanagan Valley over some of the colder areas of the province. The growth in population has made it difficult to keep up with the demand for Kelowna real estate.

The marketplace for real estate listing is overheated, thanks to the expanding population. Agents are ready and willing to find new ways to increase the available inventory, particular in the recent years when the growth has been most significant. People who are choosing the community want affordable and aesthetically pleasing Kelowna homes, particularly in the parts of the city which are most desirable. Geographically, the community is quite large with a lower density of population that some larger communities. The issue of urban sprawl has affected the commute times and the composition of the various neighborhoods.

There are ten major divisions in the city. Within each of the sectors, there are multiple neighborhoods. The most recent estimates of population size are around 120,000, but the numbers are changing so rapidly that they could be much higher. There is a thriving tourism base in the area, thanks to the beautiful Okanagan Valley and the Okanagan Lake as well.

Tourists visit Okanagan Lake for the fishing, boating, golf, hiking, biking, water sports and other outdoor activities. Winter sports activities include alpine and cross country skiing at the Silver Star and Big White ski resorts. Many homeowners throughout the region are employed in service industries and tourist-related jobs. Other people who are coming to the region are those who are looking for a milder retirement climate and one which allows for participating in many and various outdoor activities.

Wine production and vineyards are another major source of tourism and industry for the area. Wines have become known on the international market. Many vineyards are located south of Kelowna where the climate is perfect for the highest quality grapes. Another noted business is Sun-Rype bars. In both climate and agricultural focus, the region of BC has been likened to the Napa Valley in California.

The south-central part of BC is the location of this city. The Regional District of Central Okanagan is also located in this community. In the native language, the word means "grizzly bear" In terms of size which is encompassed by the municipal boundaries, it is the third largest. It is also the 22nd largest in Canada. The Kelowna market update includes nearby communities of Lake Country City, Summerland, Penticton, West Kelowna and Peachland.

The climate is semi-arid, with summers which are hot, dry and sunny. Winters are cold and cloudy with four distinct seasons. The Lake offers some moderation in temperatures and the surrounding mountains separate the valley from the rest of BC. The average high temperature recorded in this city is above freezing every month of each year, an unusual occurrence for Canadian cities.

Kelowna homes for sale are available in a wide range of prices and styles, although the hot market means that inventories are not high. The price range is somewhat higher than for most cities in Canada.




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