Lower Mission real estate is considered by many to be the gem of Kelowna.
Located on the east side of the Okanagan Lake, just south of Kelowna's downtown. This desirable area is home to some of Kelowna's best beaches, as well as many boutiques, cafes, banks, and medical offices. In the heart of the Lower Mission you'll find Pandosy Village: an area peppered with family run businesses and noticeably void of big box chain stores.
The residential real estate market in the Lower Mission offers something for everyone, from town homes, condos, vacation rentals, gated communities, family homes, to luxurious multi-million dollar lakefront homes.
Lower Mission is part of School District 23 which includes 16 Elementary Schools, 8 Middle Schools, and 5 Secondary Schools. Anne McClymont Elementary School, Bellevue Creek Elementary, Lakeside School Kelowna, and the renowned Okanagan Mission Secondary are all within the neighbourhood itself.
The Lower Mission area also offers some great recreation. Golfers can always enjoy a round of golf at either of the two golf courses in the area: the Michaelbrook Ranch Golf Course and the Mission Creek Golf Club. Residents also have access to fabulous recreation facilities, including the H2O pool and gym, operated by the YMCA. The local tennis and sailing clubs are fantastic exercise options for the entire family.
The lower mission is the ideal neighbourhood for your family. From young families to retirees, many families gravitate to this neighbourhood for its convenient lifestyle. With it’s close proximity to the lake, local amenities and several great schools, including Anne McClymont Elementary and Okanagan Mission Secondary, one of the top schools in British Columbia.
If some of your family members are of the four-legged variety, Cedar Creek Park is Kelowna’s only dog beach and it’s located right in Lower Mission.
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Start by getting pre-approved for a mortgage. Pre-approval informs you of exactly how much you can spend and locks you in at the current interest rate for 90 days or more. This will let you browse properties knowing exactly what your budget is, which is particularly important when considering potential interest rate increases that can be set by the Bank of Canada.
Don’t wait for the “perfect” time to buy, it simply doesn’t exist. Prices are determined by many factors, such as supply and demand, the overall economy, and many other housing market conditions. The impact of these factors varies not just from city to city, but even neighbourhoods. The best indicator to focus on, when assessing your negotiating power as a buyer, is numbers of days on market for a particular property. Generally speaking, the longer it’s been on the market, the more likely the seller will be to negotiate the price!
Many people believe that mortgage loan insurance protects the borrower, but that isn’t true! The purpose of Mortgage loan insurance is to protect the lender in case the borrower defaults on their payments. Because of this, lenders will take our insurance based on factors such as the down payment percentage, and pass those costs on to the homebuyer/borrower, to be paid either in installments or upfront.
