The Kelowna housing market was projected to head into a busy spring market after seeing increased activity since the start of 2020. However, with the current effects that COVID-19 has had on the global economy, the Kelowna market is projected to plateau into a more moderate spring/summer market with a decline in home sales.
Buyers in the area are most concerned with affordability and crime rates, as well as the possible extreme weather that the region has seen in the past, most often in the forms of flooding and fires.
So, what are the best neighbourhoods in Kelowna to buy a house? RE/MAX explores more than 300 of Canada’s most liveable hot spots in the new 2020 Liveability Report. Here are our top picks in Kelowna.
10 Most Liveable Neighbourhoods in Kelowna
- Capri Landmark
- South Pandosy
- City Centre
- Highway 97
- North Mission – Crawford
- Belgo-Black Mountain
- Southeast Kelowna
Up and Coming Neighbourhoods in Kelowna
The most up and coming neighbourhoods in Kelowna include Kelowna North/City Centre, which is known to have easy access to bike lanes and walking paths, South Pandosy, which is regarded as being easily walkable and Capri Landmark, which is often closest in proximity to work for most residents. The neighbourhoods of Upper Mission, Lower Mission & Lakeshore are also notable as being in close proximity to Lake Okanagan.
Kelowna Liveability Trends
Liveability in Kelowna is expected to continue to improve over the next three to five years. “In time, Kelowna will become more urbanized and provide residents with increased access to amenities while still offering the gorgeous natural backdrop”.
Kelowna at a Glance
Kelowna is located in the southern interior of British Columbia and sits on Okanagan Lake in the Okanagan Valley. It is the third-largest metropolitan area in the province behind Vancouver and Victoria. The Okanagan Valley is very tourist-oriented and offers a diverse range of activities for both visitors and residents. From boating, golfing, hiking and biking in the summer to skiing and snowboarding in the winter, Kelowna is an all-season playground for many. Kelowna is also located in wine country and it is not uncommon to see vineyards and wineries scattered both throughout the city and the surrounding region.
Canada’s Most Liveable Neighbourhoods
Liveability is about quality of life at a local level. A neighbourhood’s dynamism, or lack thereof, involves a delicate convergence between independent small businesses, public institutions, arts and culture, green spaces and housing, to name a few. The COVID-19 tragedy will impact neighbourhood ecosystems differently across the country, just as the virus itself has. Yet, civic/local pride has been proliferating throughout this crisis in inspiring ways, giving Canadians hope that micro-economies, including real estate, have the resilience to be restored in the near and mid-term.
To learn more about liveability in Canada’s biggest housing markets, read the RE/MAX 2020 Liveability Report.