Kelowna has been listed as a hot market for real estate investment in a prominent business magazine.

Western Investor published a report this week saying that a combination of ideal economic and geographic factors coupled with local government initiatives have placed Kelowna No. 1 in its list of Top 5 places to invest in real estate in 2018.

RELATED:

91裸聊视频淗ere is a clue to what is happening: more new homes were started in Kelowna this year than in any area outside of the Lower Mainland, including Greater Victoria, which has three times the population of Kelowna,91裸聊视频� reads the report.

91裸聊视频淚nvestment play: Land assembly of detached lots near downtown, courtesy of a January zoning change that encourages higher density. Also retail property, particularly for developers of badly needed new retail space in the downtown zone.91裸聊视频�

Surrey was No. 2 and highlighted for its young demographics and proximity to Vancouver.

91裸聊视频淚nvestment play: Multi-family rental apartments and rental condominiums,91裸聊视频� read the report. 91裸聊视频淏ased on recent sales, the average cost per door for a Surrey rental apartment building is $171,000, at least $50,000 below the Greater Vancouver average, yet the rental vacancy rate and rental rates are similar.91裸聊视频�

Rounding out the top five were Saskatoon at No. 3, Calgary at No. 4 and Lethbridge was at No. 5.

To read the full report

To report a typo, email: edit@kelownacapnews.com.

kmichaels@kelownacapnews.com
Like us on and follow us on .