Okanagan RegionKelowna, Kamloops, Penticton, Osoyoos, Vernon
With having one of the most temperate climates in Canada, the Okanagan is the choice place to live for many people. But did you know that it has become a desired place to invest in for commercial real estate? Investors are placing their money in areas other than the lower mainland due to losing out in multiple offer situations. If you own a growing business and are ready to purchase commercial property, interest rates are still low enough to be able to do so and why not make Kelowna your new address. It not only has a moderate climate but strong transportation and a trained labour force.
There are cities in the Okanagan that offer incentives to investors. Kelowna has several incentives to developers to encourage alignment with the City’s strategic priorities for urban development. Peachland offers a revitalization tax exemption to encourage property investment and revitalization in certain parts of downtown. These are just a few business incentives.
With a trading area of 520,000 and infrastructure to support business, the Okanagan is the largest trading centre between greater Vancouver and Alberta. It has a diverse economy with health care, education, construction, agriculture and tourism. Due to the great transportation links to the Lower Mainland, the Okanagan is an ideal place to locate secondary and tertiary manufacturing.
The commercial real estate market will stay strong for some time in the Okanagan. Land prices are increasing in the city and smart investors want to be a part of this upswing in value. Darcy and Denise would love to answer any questions you may have about commercial real estate or assist you in finding a solution to your property needs.
The time is now to start that new commercial venture you have always dreamed of a new report published by the CBRE Canada shows confidence in the commercial job market and an uptick in the numbers. If you are willing to take the commercial real...read more
The trend continues when it comes to Okanagan real estate: Sales are down, and prices are up. The Okanagan Mainline Real Estate Board reported Thursday that residential sales dropped in July and were down substantially over last year at this time. There...read more
KelownaNow has rounded up a quick recap of some of the notable development proposals and construction close to downtown Kelowna.read more
The Central Okanagan Economic Development Commission (COEDC) is a service of the Regional District of Central Okanagan providing economic development services to the communities of Lake Country, Kelowna, Westbank First Nation, West Kelowna, Peachland and...read more
Urban planner says if you think there has been change to this point, you haven’t seen anything yet Kelowna will be the economic hub behind a changing approach to land use across the Okanagan over the next 20 years, according to a leading B.C. development...read more
The Regional District of Central Okanagan’s Economic Development Commission (COEDC) - the Region’s primary business resource - releases a publically available quarterly Economic Indicators Report highlighting key economic data for the Central Okanagan. The...read more