We are thrilled to announce the successful sale of 1238 Kyndree Court—a truly exceptional property that embodies the finest in Okanagan living.
Nestled on a rare 1.34-acre parcel, this West Coast contemporary residence offers unparalleled privacy and is enveloped by breathtaking lake views and natural surroundings. Expansive windows flood the interior with natural light, seamlessly connecting indoor spaces to the stunning outdoor environment. The open-concept kitchen flows effortlessly into unique living areas adorned with vaulted ceilings and wood accents, creating an inviting atmosphere perfect for both relaxation and entertaining.
The property boasts exceptional outdoor living amenities, including a pool and generous green space, with the added potential for a carriage house. Its prime location on a cul-de-sac ensures tranquility, while still being a short drive from Downtown Kelowna, Knox Mountain, local shopping, and other amenities.
We extend our heartfelt congratulations to the new homeowners and express our gratitude to everyone involved in this successful transaction. At Stone Sisters, we are dedicated to connecting clients with their ideal homes, and the sale of 1238 Kyndree Court is a testament to our commitment to excellence in the Kelowna real estate market.
For a closer look at this remarkable property, you can view the listing here: RE/MAX Kelowna Stone Sisters
If you're considering buying or selling in Kelowna or the Central Okanagan, our team is here to provide expert guidance and personalized service. Contact us today to learn how we can assist you in achieving your real estate goals.
default
default
Hello,
Spring is in full swing in Kelowna, and with it comes a real estate market full of opportunity. Whether you're a first-time buyer, upsizing, or looking for a strategic investment, this is one of the best markets we’ve seen in years to make your move.
Here’s why:
Prices Have Softened—But Demand Is Growing
Home prices for condos and townhomes are down around 4% compared to last year, offering great value. More listings (up 14%) in all segments mean more choice, less pressure, and time to find the perfect fit.
Mortgage Rates Are Settling
After a turbulent 2023, interest rates are finally easing, making borrowing more affordable. That’s good news for your bottom line—and your future equity.
Buyers Have the Upper Hand
This spring, you’re in the driver’s seat. With more flexibility on terms and room for conditional offers, it’s easier to buy on your timeline and your terms.
Long-Term Growth Is on Your Side
Kelowna continues to shine as one of Canada’s fastest-growing cities. With booming population numbers, business growth, and strong rental demand, your investment here is built on solid ground.
The Lifestyle? Unbeatable.
Lakes, wineries, mountains, sunshine—Kelowna truly has it all. It’s no wonder people from across the country are making the move.
Let’s Find Your Perfect Fit
If you’ve been waiting for a smart time to buy, this is it. We’d love to guide you through your options, show you what’s possible, and help you move forward with confidence.
Ready to take the next step?
Call us directly at 250-862-7675 or explore what’s on the market at https://www.stonesisters.
Warmly,
Shannon & Tamara
A Masterpiece of Modern Luxury in Upper Mission
We are thrilled to announce the successful sale of 1440 Hill Spring Place, a newly constructed luxury residence in Kelowna's prestigious Upper Mission neighborhood. Listed at $2,975,000, this exceptional property captivated buyers with its meticulous design, high-end finishes, and breathtaking panoramic views.
Property Highlights:
Bedrooms: 5
Bathrooms: 5
Living Space: 4,894 sq.ft.
Lot Size: 0.23 acres
Year Built: 2024
Builder: Aspen Point Construction
Features: Saltwater pool with automatic cover, outdoor kitchen, putting green, vaulted ceilings, floor-to-ceiling glass gym, triple heated garage, and more.
Every detail of this home was thoughtfully crafted to offer both functionality and luxury. The chef's kitchen boasts a 48" Wolf range, custom rift-cut white oak cabinetry, and a butler's pantry leading to an outdoor kitchen on a vaulted deck with a phantom screen. The seamless indoor-outdoor living experience is enhanced by Nano doors opening to a saltwater pool, fireplace, and unobstructed lake views.
The main floor includes a den and office with built-in cabinetry, a wine room, and a vaulted great room featuring a unique stone and concrete fireplace. Additional conveniences such as a second laundry room, built-in dog wash, and custom lockers cater to modern family needs.
The upper level serves as a private retreat with a primary suite offering a spa-like ensuite, walk-in closet with direct laundry access, and a private deck. Two additional bedrooms and a full bathroom complete this level.
The lower level is designed for entertainment and wellness, featuring a floor-to-ceiling glass gym, recreation room with fireplace and wet bar, and two more bedrooms, each with ensuites and walk-in closets.
Situated on a quiet cul-de-sac, this home offers direct access to hiking trails and is surrounded by the natural beauty of Kelowna's Upper Mission.
Congratulations to the new homeowners! We extend our heartfelt thanks to our clients for entrusting us with the sale of this extraordinary property.
Considering a move?
If you're thinking about buying or selling in the Kelowna area, our team is here to provide expert guidance and personalized service. Contact us today to learn how we can help you achieve your real estate goals.
Luxury Lakeside Living: Another Stunning Home Sold at 4397 Hobson Road
The Stone Sisters are thrilled to announce the successful sale of 4397 Hobson Road, a spectacular lakeside estate that perfectly encapsulates the essence of Okanagan luxury living. This remarkable home attracted significant interest, highlighting the continued demand for high-end waterfront properties in Kelowna.
Nestled in one of Kelowna’s most prestigious waterfront neighbourhoods, 4397 Hobson Road offered an unparalleled lifestyle, with breathtaking Okanagan Lake views, impeccable architectural design, and high-end finishes throughout. The expansive indoor and outdoor living spaces were crafted to perfection, making it an ideal retreat for those who appreciate refined elegance and natural beauty.
From the moment this home was listed, it captured the attention of buyers seeking an exceptional lakeside residence. The demand for premium Kelowna real estate continues to grow, and this sale further reinforces the strength of the local market. Our tailored marketing strategy, deep market knowledge, and dedication to showcasing each home’s unique value were instrumental in achieving this successful sale.
As trusted real estate experts with a passion for connecting buyers with their dream homes, we take great pride in delivering outstanding results. Whether you’re considering selling your home or searching for the perfect property in Kelowna, our group is here to guide you every step of the way.
Congratulations to the new homeowners of 4397 Hobson Road! If you’d like to learn more about the Kelowna real estate market or how we can help you achieve your real estate goals, reach out to the Stone Sisters today.
Hello,
Happy New Year!
As we begin 2025, it’s an ideal moment to reflect on last year’s real estate market and share our cautious optimism for the months ahead. While 2024 presented challenges, it concluded with promising signs of improvement, setting the stage for a more balanced market.
2024 Highlights:
What’s Driving the Change?
City centers across Canada have seen a surge in activity, often a precursor to market momentum in surrounding regions. This renewed interest bodes well for the Central Okanagan, which typically follows these trends within a few months.
Outlook for 2025:
Looking ahead, we anticipate a more balanced market this year as:
While price growth may remain subdued until late 2025 or early 2026, we foresee an upward trend in sales activity. This gradual shift indicates a more balanced and sustainable market on the horizon.
Predictions for 2025:
As we venture into 2025, industry experts have shared their insights on the real estate market:
Stone Sisters predictions
Whether you’re considering buying, selling, or simply staying informed, we’re here to help you navigate this evolving market. Please let us know if you have any questions - we would love to help!
Kind regards,
Shannon & Tamara
We are thrilled to announce the successful sale of 1238 Kyndree Court, a distinguished property that exemplifies the finest in Kelowna living. This remarkable residence, nestled on a rare 1.34-acre parcel, offers unparalleled privacy and is completely enveloped by breathtaking lake views and natural surroundings.
Designed with a West Coast contemporary flair, the home features expansive windows that flood the interior with natural light, seamlessly connecting the indoor spaces to the stunning outdoor environment. The open-concept kitchen flows effortlessly into unique living areas adorned with vaulted ceilings and wood accents, creating an inviting atmosphere perfect for both relaxation and entertaining.
The property boasts exceptional outdoor living amenities, including a pool and generous green space, with the added potential for a carriage house. Its prime location on a cul-de-sac ensures tranquility, while still being a short drive from Downtown Kelowna, Knox Mountain, local shopping, and other amenities.
We extend our heartfelt congratulations to the new homeowners and express our gratitude to everyone involved in this successful transaction. At Stone Sisters, we are dedicated to connecting clients with their ideal homes, and the sale of 1238 Kyndree Court is a testament to our commitment to excellence in the Kelowna real estate market.
default
default
Are you ready to explore some of the finest homes in one of Kelowna's most sought-after neighbourhoods? Join us this Saturday, October 26th, from 12 PM to 2 PM for the Gallaghers Home Tour!
This event is a perfect opportunity for prospective homeowners, real estate enthusiasts, and curious visitors to get an insider’s view of the available properties and all the charm Gallaghers has to offer.
Gallaghers Canyon is more than just a place to live—it's a vibrant community that offers a lifestyle. Nestled in natural surroundings, Gallaghers boasts exceptional amenities, including a pool, fitness centre, tennis courts, and two top-tier golf courses right on your doorstep. On this tour, you'll explore a range of beautiful homes, all set against the stunning backdrop of rolling hills, golf courses and scenic views.
Participating Listings:
This open house event allows you to see these stunning homes firsthand, providing a chance to explore their unique layouts, designs, and outdoor spaces. Whether you're looking to move to the area or simply want to experience the beauty of Gallaghers Canyon, this tour is a must-attend.
Date: Saturday, October 26th
Time: 12 PM – 2 PM
Location: Gallaghers Canyon Neighbourhood
Open to: Public
Living in Gallaghers means embracing an active lifestyle surrounded by nature. With golf courses, hiking trails, and social spaces designed for community living, this neighbourhood offers more than just beautiful homes—it’s an entire way of life.
Whether you're drawn to the area for its amenities, the peaceful setting, or the vibrant community atmosphere, the Gallaghers Home Tour will give you a taste of what life here is like.
Make the most of your Saturday afternoon by joining us for this exciting event. Bring a friend or family member, take a walk through these incredible homes, and see for yourself why Gallaghers Canyon is one of Kelowna’s most desirable places to call home.
We look forward to seeing you there!
Our annual October Pumpkin Giveaway was an incredible success, and we couldn’t be more grateful! It was a beautiful, sunny day filled with smiles, pumpkins, and the joy of connecting with our amazing community.
We loved seeing so many familiar faces and meeting new ones, making the event even more special. There’s nothing quite like spending time with our clients and neighbors while spreading a little autumn cheer.
The day was made even better by the generosity of everyone who attended. Together, we raised over $350 for the local food bank, supporting families in need during this season of giving.
A heartfelt thank you to everyone who came out and contributed. Your participation made this event truly memorable, and we’re already looking forward to next year’s festivities! 
Stay tuned for more community events—we can't wait to see you all again soon!
Hello,
Have you been to downtown Kelowna lately? If you've noticed a lot of construction happening in the area—you’re absolutely right! Our city’s core is transforming into a vibrant metropolitan hub. With several key development projects underway, it's
becoming a highly walkable, integrated space for everyone to enjoy. Here’s a quick snapshot of the latest buildings:
Currently Under Construction:
Applications Submitted:
Approved but Not Yet Under Construction:
These developments are a key part of Kelowna’s 2040 Official Community Plan, which aims to create a vibrant downtown where people can live, work, and play with ease.
Next time you’re in downtown Kelowna, be sure to look up—the new buildings are beginning to tower over the city. Even better, take a drive across the bridge at night and enjoy the new twinkling lights that are brightening up our skyline
If you have any questions at all, please let us know – we are always happy to help and only a phone call away.
Thank you,
Shannon & Tamara
5 Essential Tips to Get Your Home Ready for Sale This Fall
Selling your home in the fall can be a smart decision! With fewer homes on the market, it’s the perfect time to make your property stand out. But as the leaves begin to change, so should your home prep strategy. Here are five essential tips to help you get your home ready for the fall real estate market.
By following these tips, you’ll not only make your home more appealing to fall buyers but also help it stand out in the market. If you're considering selling your home this season, don’t hesitate to contact us for more personalized advice!
Warm regards,
Shannon and Tamara
Hello,
Welcome to September! As we approach the final quarter of the year, Kelowna’s real estate market continues to evolve, with noticeable shifts across various neighbourhoods. While many compare the market from 2023 to 2024, it’s essential to take a closer look at each neighbourhood. We find that each area has its own unique micro-market, which plays a crucial role in determining values—whether you're a seller looking to price your home accurately or a buyer seeking a smart investment. Here's a snapshot of some key neighbourhoods.
Neighborhood Highlights:
Market Summary:
We would love to help you stay informed. If you have any questions we can help answer or would like more detailed information on a particular neighbourhood please let us know.
Warm regards,
Shannon & Tamara
Hello
In the dynamic world of real estate, timing is everything. Presently, Kelowna's market is ripe with opportunities, especially for those considering a move to a more luxurious space. Here’s why the current environment is particularly advantageous for move-up buyers, especially in the $1.8 million bracket and above.
Abundant Choices at the Top: The inventory for homes priced over $2 million is plentiful, offering an array of choices without the usual competition. This means you can find your dream home with the features you desire, possibly at a more competitive price than in a tighter market.
Strategic Long-Term Investment: Moving up in today’s market isn’t just about upscale living; it’s a strategic investment decision. Purchasing in the higher-end market not only allows you to enjoy a luxurious lifestyle but also acts as a forced investment strategy. By owning a larger, more valuable asset, you’re effectively setting aside significant equity for the future.
Consider the Long View: For those considering downsizing, the current market may pose challenges if your property's value is over $1.8 million. The softening prices in this segment suggest that waiting might yield better returns. However, for upgraders, this is a potential advantage, allowing you to purchase more for less.
Why Now?: With less pressure from buyers at higher price points, you have the luxury of time to choose the right property
We understand that every decision in real estate is a significant one. We are here to guide you through every step of the process, ensuring your move aligns with both your personal aspirations and financial goals. If you are considering a move up in the market or want to know if this strategy may work for you let us know and we would be happy to explore this with you.
Warm regards,
Shannon & Tamara
Hello,
There are some changes coming to the Building Code in BC ( and the rest of Canada ) and we thought you’d be interested in the details. We had a registered Energy Advisor come and present to our office recently and he shared some of the details.
BC has created a STEP code with a plan to have all homes Net Zero ready by 2032. This is a phased project that is rolling out over the next several years and homes are going to become more energy efficient. By 2030 all new buildings will be zero carbon and will not use fossil fuels for their heating, cooking or cooling needs. New homes will not have natural gas stoves, fireplaces or hot water tanks. People are being encouraged to install heat pumps for heating and cooling systems and there are incentives available to encourage owners to convert their existing homes to more energy efficient systems.
A concern in the past with energy efficient homes was the cost. Historically it has been really expensive to purchase and operate homes with solar panels and/or heat pumps. The majority of homes we see in Kelowna are heated and cooled with natural gas forced air furnaces. We just did a quick search of the MLS system and there are 1863 single family properties listed right now in the Central Okanagan- 13 of them have solar panels. Over the past year there have been 7 homes sell with solar. This number will likely increase as the new building code changes come into effect. Given the fact Kelowna receives over 304 days of sunshine per year, one would think we would see more solar as an electricity option. My husband Derek and I installed solar panels on our house a few years ago and it has cut our electricity bill down by about 60%. We have done some calculations and feel that it will take 7 - 8 years for the installation to pay for itself.
There are rebates available and if you are considering updating your home, it’s worth looking into: https://www.
As always, if you have any questions about real estate we would love to help! We hope you are enjoying this gorgeous summer weather and getting some time to play!
Tamara and Shannon
Hello,
We have almost reached the midpoint of 2024, if you can believe it. This year is going so fast already and while time is moving quickly the real estate market has slowed slightly. We thought since we are almost at the halfway mark of the year with only a few weeks left before summer break, it may be helpful to review how the Central Okanagan real estate market has fared since this time last year. Below we have broken down the details comparing May 2023 to May 2024:
Key takeaways
What This Means for You
If you have any further questions about the market, we would be happy to help and are only a phone call away.
Thank you,
Shannon & Tamara
Hello!
Big changes are afoot as of May 1st, with new regulations impacting short-term rentals across British Columbia. If you're curious about what this means for Kelowna and West Kelowna, we've got you covered with a friendly breakdown of the key points:
Home Sweet Home: Short-term rentals are now limited to your principal residence, and yes, you'll need a license to host.
Kelowna’s Tight Squeeze: With a vacancy rate dipping below 3%, Kelowna isn't issuing new licenses at the moment. Meanwhile, West Kelowna, where the vacancy rate is a bit more relaxed (above 3%), is still welcoming new applications.
Special Exceptions: Properties like Barona Beach, the Cove, Case Loma, and La Casa in West Kelowna, along with any homes on indigenous lands, are exempt from these rules.
Before these rules were announced, Kelowna was home to around 2,400 short-term rental units. Of these, about 500 are in principal residences with existing licenses, so they can keep on operating as usual.
What’s the Big Picture?
A Housing Needs Assessment in 2023 highlighted a significant shortage, pointing to a need for between 3,700 and 5,000 more homes in Kelowna. Looking ahead, we'll need about 26,000 new homes by 2031 to meet the growing demand. Last year, the city green-lit construction for 3,934 residential units, though not all have broken ground yet due to various factors.
Right now, there are 2,523 residential properties up for grabs in the Central Okanagan, showing a market that's bustling and vibrant, closely aligning with pre-pandemic levels.
Looking Ahead
It’s still early days, so the full impact of these new rental rules is yet to unfold. The single-family home market hasn’t skipped a beat, but the condo scene, especially in Kelowna, might see some shifts. Several new rental buildings and developments that were once zoned for short-term rentals might need to adjust their strategies.
Noteworthy buildings like Playa del Sol, Sunset Waterfront Resort, and Caban, which were previously zoned for short-term rentals, have expressed concerns about the new regulations.
We're keeping an eye on all these developments and are here to help you navigate these changes. Got questions or concerns? Drop us a line anytime!
For more details, do check out the BC Government's Short Term Rental Accommodation Act.
Tamara and Shannon
Hello,
Although the Okanagan Real Estate market faced one of the slowest March’s in over a decade, we are optimistic with the direction the market is headed and believe now is a great time to move up the property ladder. With an adequate selection of inventory (over 2600 units currently for sale total in the Central Okanagan) you have not only choice, but also a potential to secure a great deal compared to years past.
March 2024 review:
- Inventory levels up by 28% from March 2023, the variety and choices for buyers are better than ever.
- Despite a 30% decrease in sales compared to last year, the market is showing signs of revival. The gradual increase in property prices and a reduction in months of inventory—signal that we have surpassed the market's bottom.
Why Now matters:
For sellers, May is often a peak sales period and if you list now you are positioned ahead of the curve.
For buyers, this moment represents the trough of the market. This will offer an opportunity to secure valuable deals before a resurgence in activity due to potential adjustments in interest rates and buyer demand. We have a large amount of inventory in the mid-luxury market and less demand in this segment compared to the lower end making now a great time to move up. If you have a property under $1.3million, the most active segment of the market, you are selling in a segment with the largest buying pool. Buying above this price point has a good selection of choice and less competition; which can often mean better deals. The gap between has never been smaller.
As we look ahead, we believe seizing the current opportunities will lead to significant gains. The window for buying at favorable prices and selling with optimal timing is now.
Let's turn possibilities into realities. We are always available to answer any questions that you may have about our real estate market.
Warmly,
Shannon and Tamara
Hello & Happy Spring!
Often, we are asked if there is a difference between the assessed value of a property and its market value along with if we feel the two are related.
Assessed Value: What It Is and Isn’t
The assessed value of a property is determined by the city for the purpose of levying property taxes. This value is calculated based on a variety of factors including, but not limited to, the property's size, age, and location. There are some factors that are not often taken into consideration such as a pool, renovations or on the other side abnormal wear and tear. It’s important to note that the assessed value is determined as of June of the previous year and will go up or potentially down depending on the overall market during this time.
While the assessed value plays a vital role in the taxation process, it does not necessarily reflect the the exact price but often more of an indication of the overall value. This year, for example, many property owners have noticed a decrease in their assessed values, mirroring the overall downturn in the market which would be accurate but the actual values are often fairly different from each other.
Market Value: The Realtor’s Perspective
As realtors, our focus is on the market value of your property. Unlike the assessed value, market value is determined by what a buyer is willing to pay for your property in the current real estate market. This value is influenced by a myriad of factors, including recent sales of similar properties, current demand, condition of the property and overall market conditions.
It's important to note that market value is dynamic, reflecting real-time economic conditions, buyer demand, and other market trends. This is where our expertise comes into play. Utilizing our deep understanding of the local real estate market and current trends, we provide you with a comprehensive analysis that captures the true value of your property.
Why the Distinction Matters
Understanding the difference between assessed value and market value is crucial for several reasons. When planning to sell your property, relying on the assessed value could lead to pricing it too high or too low, which can affect your sale timeline and final sale price. Similarly, for those looking to purchase, it's important to not equate a property's assessed value with its worth on the market.
If you're considering selling or purchasing a property, or simply have questions about your property's value, we're here to help and happy to provide a complimentary market evaluation.
Please let us know if you have any questions – we are always just a phone call away.
Warm regards,
Shannon & Tamara
"Retiring in Kelowna, BC: A Haven of Tranquility and Natural Beauty"
Kelowna, British Columbia, stands out as an idyllic retirement destination, offering a host of benefits that cater to those seeking a peaceful and fulfilling post-work life. Here are some compelling reasons why Kelowna makes an excellent retirement choice:
Nestled in the heart of the Okanagan Valley, Kelowna boasts breathtaking landscapes with its crystal-clear lakes, lush vineyards, and panoramic mountain views. Retirees can enjoy an active lifestyle through activities such as hiking, golfing, and water sports.
Kelowna enjoys a mild climate, characterized by warm summers and relatively mild winters. The region experiences over 2,000 hours of sunshine annually, creating an inviting environment for outdoor pursuits year-round.
For those who appreciate arts and culture, Kelowna offers a vibrant scene with galleries, theaters, and cultural events. The city hosts numerous festivals throughout the year, providing retirees with ample opportunities to immerse themselves in the local creative community.
Kelowna is situated in the heart of British Columbia's wine country. Retirees can savor world-class wines from nearby vineyards, making it an ideal destination for wine enthusiasts. The scenic vineyards also contribute to the region's picturesque surroundings.
Kelowna boasts modern healthcare facilities, including Kelowna General Hospital and medical clinics, ensuring that retirees have access to quality healthcare services. This factor contributes to a sense of security and well-being for those enjoying their retirement years. MAYBE WE DONT SAY THIS???
The city fosters a strong sense of community, with various social clubs, volunteer opportunities, and community events. Retirees can easily connect with like-minded individuals, creating a supportive and welcoming environment.
Despite its tranquil setting, Kelowna is well-connected to urban amenities. The city features a range of shopping centers, restaurants, and entertainment options, providing retirees with the convenience of city living while enjoying the benefits of a smaller community.
In conclusion, retiring in Kelowna, BC, offers a harmonious blend of natural beauty, cultural richness, and a supportive community, making it an attractive destination for those seeking a fulfilling and enjoyable retirement lifestyle.
Tamara Stone
Founder, Realtor
RE/MAX Kelowna Stone Sisters
Moving to Kelowna: A Complete Relocation Guide for Newcomers
Are you considering moving to Kelowna, British Columbia? As one of Canada's most
desirable cities, Kelowna offers a fantastic quality of life, stunning natural surroundings,
and a thriving real estate market. However, relocating to a new city can be daunting,
especially if you're unfamiliar with the area. That's why we've put together this
comprehensive guide, answering commonly asked questions about moving to Kelowna,
to help make your transition to this city as smooth and stress-free as possible.
Is Kelowna a Good Place to Live?
Absolutely! Kelowna consistently ranks as one of the best places to live in Canada. With
its picturesque landscapes, vibrant culture, and diverse amenities, Kelowna offers
something for everyone. Whether you're an outdoor enthusiast, foodie, or culture buff,
you'll find plenty to love about life in Kelowna.
What Salary Do You Need to Live in Kelowna?
The cost of living in Kelowna is relatively affordable compared to other major Canadian
cities like Vancouver or Toronto. However, it's essential to consider factors such as
housing costs, utilities, transportation, and healthcare when budgeting for your move. A
comfortable salary in Kelowna will vary depending on your lifestyle and individual
circumstances.
Is it Better to Live in Kelowna or Vancouver?
While both Kelowna and Vancouver offer their unique advantages, many people are
drawn to Kelowna for its more relaxed pace of life, lower cost of living, and abundance
of outdoor recreational opportunities. Plus, Kelowna's stunning lakeside setting and
sunny climate make it a popular choice for those seeking a more laid-back lifestyle.
Why Move to Kelowna?
There are countless reasons to consider relocating to Kelowna. From its world-class
wineries and beautiful beaches to its thriving arts scene and vibrant culinary scene,
Kelowna offers an unbeatable quality of life. Whether you're raising a family, starting a
career, or enjoying retirement, Kelowna has something for everyone.
Kelowna Real Estate
The Kelowna real estate market is booming, with a wide range of housing options
available to suit every budget and lifestyle. Whether you're looking for a waterfront
condo, a family-friendly suburban home, or a sprawling rural estate, you'll find plenty of
options in Kelowna's diverse real estate market. With interest rates remaining low and
demand for housing continuing to rise, now is an excellent time to invest in Kelowna
real estate.
In conclusion, moving to Kelowna is an excellent decision for individuals and families
looking to enjoy all that this vibrant city has to offer. With its stunning natural beauty,
diverse amenities, and strong sense of community, Kelowna truly has something for
everyone. Check out our blog on 5 Reasons to Move to Kelowna-By: Katherine Robinson,
a writer for Allied Van Lines where we dive into the details of Kelowna’s top attractions
that draw newcomers to the city.
If you're considering making the move to Kelowna, our agents at Re/Max Kelowna Stone
Sisters are here to help you every step of the way. Contact us today to learn more about
relocating to Kelowna and finding your dream home in this beautiful city.
info@stonesisters.com
Hello,
We've been closely monitoring the market dynamics, and our analysis points towards a shift. Our inventory levels saw a 21% increase from January 2023 to January 2024, yet we are now seeing a gradual decrease in the recent months, which could be the initial signs of a market rebound.
We never know when we are at the bottom of the market until we are already on the way back up. However, we know the factors to be watching for that lead to a rebound which are: a decrease in inventory and an increase in buyer confidence. Together these two factors put pressure on the demand for housing. A recent article from Wealthprofessional.ca highlights the current feeling for the real estate market stating, "Confidence in the market in 2024 is high with 82% showing an optimistic or selective stance with just 18% taking a more passive position with their investments on hold." This optimism, paired with a slowly diminishing supply, hints at a market ripe for growth.
Observations from major urban centers like Toronto and Vancouver are experiencing a resurgence in activity, with multiple offers and heightened demand for single-family homes. This trend typically precedes similar movements in our market by a few months, suggesting that we have indeed reached the market's trough and are on the cusp of an uptick in activity.
This leads us to our opinion and facts of why buy now which is:
At Stone Sisters, we're not just observers of the market; we are active facilitators of your real estate ambitions. We offer customized buying profiles to keep you ahead of the market curve, providing access to listings often just before they become publicly available on the MLS. If you are thinking of making a move, and we strongly suggest you do sooner than later, we are here to help.
Please let us know if you have any questions at all.
Warm regards,
Shannon & Tamara
Aging In Place: A Guide to Downsizing
and Finding Your Kelowna Forever
Home
Retirement is a time for new beginnings, relaxation, and the pursuit of lifelong dreams.
For many, this means finding that perfect forever home where they can enjoy their
golden years to the fullest. Kelowna, nestled in the heart of the stunning Okanagan
Valley, has emerged as a top destination for retirees seeking the perfect blend of natural
beauty, a vibrant community, and a lifestyle that caters to their evolving needs. In this
article, we'll explore why Kelowna is a top choice for retirees, the best places to retire in
the Okanagan, Canada, and offer valuable insights into finding your dream forever
home.
Is Kelowna a Good Place to Retire?
Absolutely! Kelowna consistently ranks high on the list of preferred retirement
destinations, and for good reason. The city boasts a picturesque setting with the serene
Okanagan Lake at its core, surrounded by vineyards, orchards, and rolling hills. The mild
climate, abundant outdoor recreational activities, and a thriving arts and culture scene
make Kelowna an ideal place for retirees.
Beyond the natural beauty, Kelowna offers a range of amenities tailored to the needs of
seniors. Quality healthcare facilities, accessible services, and a welcoming community
contribute to a fulfilling retirement experience. The city's commitment to maintaining a
senior-friendly environment, with initiatives like age-friendly infrastructure, ensures that
retirees can enjoy an active and engaged lifestyle.
Where is the Best Place to Retire in the Okanagan?
While Kelowna stands out as a prime choice for retirement in the Okanagan, there are
other attractive options to consider. Places like Penticton, Vernon, and Summerland
offer their unique charm and appeal. Penticton, known for its beautiful beaches and
wineries, provides a more relaxed pace of life. Vernon, surrounded by lakes and parks, is
another gem for retirees seeking a peaceful environment. Summerland, with its fruit
orchards and small-town charm, is perfect for those who prefer a close-knit community.
Ultimately, the best place depends on individual preferences. Kelowna, however, offers a
comprehensive package with its diverse amenities, cultural richness, and picturesque
landscapes.
Where is the Best Place to Retire in Canada?
Kelowna consistently ranks among the best places to retire in Canada, but the choice
depends on personal preferences. Victoria, British Columbia, with its mild climate,
historical charm, and vibrant cultural scene, is a popular choice. Ottawa, Ontario, offers
a mix of city amenities and green spaces, while Halifax, Nova Scotia, provides a rich
maritime experience. Each location has its unique advantages, making the best choice a
subjective one.
Where is the Cheapest Place to Retire in Canada?
Cost of living is a crucial factor for retirees, and there are affordable options across
Canada. Smaller cities like Fredericton, New Brunswick, or Charlottetown, Prince Edward
Island, are known for their lower living costs. However, Kelowna remains competitive,
with a cost of living that is reasonable compared to larger urban centers like Vancouver
or Toronto.
Finding Your Forever Home in Kelowna
As you begin the journey to find your forever home in Kelowna, there are essential factors to consider:
1. Location:
Choose a neighborhood that aligns with your lifestyle. Whether you prefer a peaceful
lakeside setting, the convenience of downtown living, or the tranquility of the
surrounding hills, Kelowna offers diverse options.
2. Accessibility:
Consider factors like proximity to healthcare facilities, shopping centers, and
recreational activities. An easily accessible home ensures a comfortable and
convenient retirement.
3. Amenities and Services:
Look for neighbourhoods that provide amenities tailored to seniors, such as parks,
walking trails, and community centers. Access to quality healthcare and social services
is crucial.
4. Future-Proofing:
Choose a home that can adapt to your evolving needs. Single-level homes, accessibility
features, and proximity to essential services contribute to a home that accommodates
you for years to come.
5. Community Engagement:
Kelowna's vibrant community offers numerous opportunities for social engagement.
Choose a neighborhood with clubs, cultural events, and recreational activities to stay
active and connected.
6. Real Estate Expertise:
Partner with real estate experts who understand the unique needs of retirees. The Stone
Sisters, with their deep knowledge of Kelowna real estate, can guide you to the perfect
forever home.
Kelowna, with its stunning landscapes and welcoming community, provides an ideal
backdrop for your retirement dreams. As you navigate the process of finding your
forever home, let the Stone Sisters be your trusted partners, ensuring that every step
leads you closer to a fulfilling and vibrant retirement in the heart of the Okanagan.
Hello,
Welcome to 2024!
We are optimistic about the upcoming year and excited to look forward to predictions for our market this year. Yet, to effectively map out the future, it's important to reflect on where we have been. In 2023 we witnessed a dynamic shift in the real estate sector, characterized by escalating interest rates and diminishing buyer confidence. This rapid transition from a sellers to a buyer's market was marked by a significant 34% surge in residential real estate inventory compared to 2022, while sales decreased by 15%. This combination of oversupply and reduced sales activity led to a modest price decrease of approximately 6.78%.
With 2023 now behind us, we are hopeful that 2024 will usher in a period of stability, transitioning towards a more balanced market. Current analysts suggest that interest rates will stabilize in the first half of the year, followed by a potential decrease in the latter half. This anticipated reduction in interest rates is likely to invigorate the market, potentially leading to a moderate price increase. According to the Canadian Mortgage and Housing Corporation (CMHC), a 5% price increase is projected nationwide, although variations are expected across different cities. Despite the current high supply levels, CMHC indicates a continued housing shortage across the country, emphasizing the need for an additional 3.5 million homes within the next six years to improve affordability. As the demand across Canada increases, many will choose to move to the Okanagan with our 4 season playground, international airport and large hospital.
For 2024, we predict:
- A gradual price increase towards the third or fourth quarter.
- A shift to a balanced market with lower inventory levels than in 2023.
- Overall, a robust and healthy market in the Okanagan.
January has started slower, as is typical, but we are encouraged by signs of escalating activity in major Canadian cities and optimistic we will see more demand come to the Okanagan.
If you have any questions, whether it's about your home's current value or setting up a search to monitor specific market segments, please don't hesitate to reach out. We are here to assist you.
Warm regards,
Shannon & Tamara
What generation is buying real estate?
There are many times when the different generations in Canada don’t see eye to eye. However, right now they are all in agreement on one thing, that real estate is a good investment. From Baby Boomers to Generation Z, there is a growing confidence in the market, with approximately 49% of urban Canadians expecting real estate to perform as well as or better than other financial investments within the next year. This optimism increases to 60% when considering a decade-long period**. We too are hopeful of our market as we head into 2024.
It’s of no surprise that currently, baby boomers dominate the housing market. This generation owns a value of approximately 18 trillion in real estate compared to 5 trillion for millennials (according to a recent study by Redfin). However, this shift of wealth is likely to change as Baby boomers pass wealth onto Generation X who then share this with Millennials. This along with government incentives and improved affordability, make Millennials the generation most likely to buy homes.
We find it interesting to understand how the different generations buy real estate and what attributes they are looking for when purchasing a home. These factors, along with others, help us understand our clients better and to know what type of buyer we need to market our listings to. We wanted to share a bit of insight into what the different generations trends are:
Baby Boomers (born 1946 to 1964)
Generation X: (1965 to 1979)
Millennials: (1980 to 1994)
Generation Z: (1995 to 2012)
As we come to the end of 2023, we want to thank you for your continued support . We feel so fortunate to be a part of this incredible community, working alongside wonderful people who we are proud to call both clients and friends. Wishing you a wonderful holiday season filled with joy and peace. Remember, we are always here if you need anything.
Happy Holidays from our family to yours
Shannon & Tamara
