The Okanagan Valley is located a quick four hour drive from the lower mainland of British Columbia and features countless wineries, breweries and restaurants which source from local farms and orchards. The wide variety of outdoor recreational opportunities including golf, ski, water sports and beaches are teamed with world class arts and culture featuring professional symphony, theatre, ballet, opera, and art galleries. It only takes a moment to fall in love and realize why so many call this beautiful region home.
Against a backdrop of global turbulence, Canada’s luxury real estate market stood as a bulwark of strength in the first quarter of 2022. While scarce inventory continued to undermine prospective sales, the continued upswell of consumer optimism, economic revitalization, demand for housing mobility, and renewal of urban life bolstered top-tier sales across all major metropolitan areas in the initial months of the year, particularly in the market for condominiums over $1 million.
On April 7, 2022, the Canadian federal government tabled the annual 2022 Federal Budget, including a $10.14 billion housing investment over the next five years. It includes several policies that aim to address housing affordability and escalating home prices, which can affect buyers and sellers in Canada.