Kelowna ranked No. 1 in BC

From across the country, Canadians continue to eye Kelowna as a highly desirable city to live and invest in. Named as “Canada’s Fastest Growing City” in 2023, Kelowna also ranked as the number one “move-able” city in B.C., placing fourth in the national rankings, according to the annual U-Haul Migration Trends Report published in early 2024.

Attracted by a lower cost of living and more affordable housing prices than found in large urban centre like Vancouver and Toronto, an enviable climate, and an all-year recreational and cultural offer, it’s easy to understand why Kelowna has become a top destination for real estate investment.

“The interest in Kelowna from people from the Lower Mainland and Ontario is huge,” says Melissa Aulenback of Ace Project Marketing Group, which is representing the Shannon Lynn on the Lake residential development. “When you compare living spaces, dollar per dollar, in Vancouver versus Kelowna, it’s an incredibly pronounced difference, both in lifestyle and actual living space.

“With Shannon Lynn, for example, we’re talking about spacious lakeview townhomes that feel like a family home versus a one bedroom condo in downtown Vancouver, for the same price or less. A lot of today’s buyers just aren’t seeing the value in city living like they used to.”

Shannon Lynn on the Lake is a new community of two-, three- and four-bedroom townhomes located overlooking Shannon Lake in West Kelowna. Just 15 minutes from the downtown core, the development is adjacent to the Shannon Lake Golf Course and offers a private waterfront park and dock to take advantage of the Okanagan’s famous lake lifestyle. Prices currently start from $724,900, and construction is underway with delivery slated for 2026.

“The response to this project has been incredible, both from the local community and people looking to relocate to Kelowna,” Aulenback says. “Our presentation centre will be opening in mid-October, and people will be able to come in and get a feel for the community, see the lake views, and sample the quality features and finishes these homes will offer.”

To celebrate the upcoming opening of the presentation centre, Shannon Lynn on the Lake has some appealing buyer incentives, including price guarantees and a 3.99% mortgage rate offer, in addition to two choices of homebuyer welcome gifts designed to maximize the Kelowna lifestyle.

To learn more about homes at Shannon Lynn by the Lake or to attend the upcoming presentation centre grand opening event, visit the project’s website or contact Aulenback at Melissa@theacepmg.com.

This article is written by or on behalf of the sponsoring client and does not necessarily reflect the views of Castanet.