The University District of Kelowna is one of the fastest growing communities in the Okanagan. With close proximity to the Kelowna International Airport and Quail Ridge golf community plus a short drive to shopping and lake access.
This neighbourhood is appealing to business travellers and jet setters who love the location close to the airport, alongside families with university aged students and young families who are drawn to Aberdeen Hall Preparatory School which is adjacent to UBC Okanagan. With spectacular golf on your doorstep, you will find a number of very avid golfers that choose to make this area their home as well.
University District is part of School District 23 which includes 16 Elementary Schools, 8 Middle Schools, and 5 Secondary Schools. Aberdeen Hall Preparatory School and Ellison Elementary are both within the neighbourhood itself, alongside the UBC Okanagan campus, which gives the neighbourhood it’s name.
The University District offers a variety of parks, trails, and outdoor recreation facilities, including a beach volleyball court, fitness centre, as well as several parks and hiking trails.
Enjoy a young and vibrant community centered around the UBC Okanagan campus that offers an abundance of amenities right at our fingertips. No need to drive a long distance for groceries, snacks, or even an electric car charge!
UBC Okanagan began hosting classes in 2005, and grew from 3,500 students in that first year to 7,000 students by 2010, and over 9,000 students today. Because of this success the University District has become one of the fastest growing neighbourhoods in Kelowna.
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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.
