Kelowna is a city located in Canada, a province of British Columbia. It is present in the Okanagan Valley, on the eastern shore of the lake. Kelowna is surrounded by many provincial parks, vineyards, mountains, orchards, and pine forests. The beautiful scenery of the city is a cause of attraction for families worldwide.
Kelowna has many miles of beautiful parkland and many sandy beaches which provide you with amazing views and opportunities for water skiing, fishing, swimming, and boating. The cost of living in Kelowna is 35 percent less than the average cost of other Canadian cities.
This city has a ranking of the best job market in Canada, with a year-over-year increase of around 14.3 percent job growth. The unemployment rate in the city is also less than in other cities in Canada and is about 5.4 percent.
Affordable houses to live in Kelowna
Kelowna is one of the cheapest cities in Canada. The houses here are cheaper than in Vancouver. You would need only $6000 per month to live a standard life in Kelowna as compared to Vancouver where the same life is maintained within $7500. This city also has amazing weather. So, if you want to move to Kelowna then this would be the best decision of your life.
The market condition of sellers in Kelowna is expected to persist this year. Low-interest rates on housing properties this year will also attract the buyers in Kelowna and this is expected that the market may experience a flurry of buyers who will be in a rush to buy new houses and take advantage of these low rates before the Bank of Canada increases the rates.
Kelowna is made of different construction styles that are the reason for the beauty of the city. The most common construction styles in Kelowna are single-family houses that can be semi-detached, detached, or attached, the townhouses and condominiums.
A single-family house, as the name implies, is constructed particularly for single families that wish to settle in Canada. Condominiums are the type of multiple housing complexes. Condos consist of many units and each unit is owned individually. Townhouses, also known as townhomes, are a type of house with a terrace.
Townhouse in Range in $100K to $300K and Real Estate Market Condition of Kelowna
The most affordable houses in Kelowna are Townhouses. You can easily buy a townhouse within the range $100k to $300k.
A two bedroom and two bathroom townhouse is available for sale at 1795 Country Club Drive, 211, Kelowna, British Columbia. This 1250 square feet townhouse costs $298,000. Similarly, another two-bedroom and one-bathroom townhouse are available for sale at #6 680 Old Meadows Road, Kelowna, British Columbia. This 1001 square feet townhouse costs only $268,000.
In April 2020, the median selling cost of single-family residential apartments was around $670,000, which means that the price has increased from $451,800. But after the pandemic, a decline in real estate prices in Kelowna has been observed. The benchmark price in the city has decreased.
