Many Canadians have fallen in love with all the amenities the Okanagan has to offer and are not allowing the recent fires impact their decision to invest in Kelowna Real Estate. The Globe and Mail reported recently that “Canadians have fallen in love with the Kelowna region, and they aren’t about to let a little smoke and fire dissuade them from buying homes and condos and vineyards in record numbers.” Jemma Cowin your Kelowna Realtor!

West Kelowna Real Estate Boom

Much of the Kelowna Real Estate boom is taking place on the west side of Lake Okanagan in what is now named the District of West Kelowna. West Kelowna Real Estate has been flourishing recently as West Kelowna has had the fastest population growth in Canada between the years 2001 and 2006; whereas Kelowna’s population has grown to 110,000, almost doubling in 20 years. Overall there has been a 16.8% increase in Central Okanagan’s population between 2001 and 2008. It has been projected that the Central Okanagan will grow to 264,196 people by 2036. Kelowna Realtors have been promoting the West Kelowna Real Estate market a great deal recently and focusing on West Kelowna Lakefront properties. A wide selection of lakefront properties located in West Kelowna are located at a higher elevation making the most of the unsurpassed mountain, lake and city views. The taxes are known to be lower on the west side of the lake and many opportunities to own acreages on the water.

West Kelowna Real Estate International Coverage

West Kelowna Real Estate has been receiving a large amount of attention recently. It has been announced that the legendary golf professional Greg Norman and Norm Porter CEO of Treegroup Developments unveiled a $1- billion golf, winery and housing development for Peachland. They plan to use the 425 acres on the south-eastern slopes of Pincushion Mountain to develop a 7,100- yard championship golf course, winery, hotel, golf academy, tennis courts, amphitheatre, trail system and 2,200 housing units ranging from 10% affordable single-family homes, townhomes, condos and villas.

Treegroup Developments Corp. bought the Ponderosa Golf Course in 2007, but received a stalled development application. With a few additional purchases the company bought surrounding property and added 138 acres through a joint venture with Westbank First Nation. The signature golf course will be capable of hosting world-class golf tournaments and other major events, said Treegroup CEO Porter.

When Norman‘s team inspected the property, VP Jason McCoy told Porter: “We‘ve designed and developed 60 to 70 golf courses around the world, and this is one of the most spectacular properties we‘ve been on.”

West Kelowna- “Napa Valley and Lake Tahoe come together”

Norman, stated it‘s “I completely concur with what Jason said. This is a magnificent piece of property; the Okanagan is like when Napa Valley and Lake Tahoe comes together.” Greg Norman aka The Shark continued to say “It really is, when you think about the wineries you‘ve got here, the Okanagan lakes, the beautiful vistas and the Ponderosa pines. It‘s just a combination of everything. Very rarely do you get that anywhere in the world and you have it right here in the Okanagan,” “From our perspective, we‘re very, very fortunate to be involved here because this will turn out to be a gem, no question about it. We look where the growth corridor is going. If you look where Kelowna is now and West Kelowna, it‘s a very fast growing part of Canada.”

The goal is to open the golf course in the late spring of 2011 and have the first residents move in early in 2011.

**Information taken from Stats Canada, Globe and Mail and Economic Division of Kelowna Websites**

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