Vantage West In The News: Tough time for homebuyers
CASTANET FEATURE: RISE ON GLENMORE ROAD & NOLITA DEVELOPMENTS
A construction boom is underway in Kelowna, but not in the way potential homebuyers might hope.
The sights and sounds of development might suggest a thriving market ripe for investment; the reality is quite different. The new buildings cropping up, particularly around key areas like the downtown core and Capri Landmark, are predominantly rental units—not properties available for purchase.
Jeff Anderson of Vantage West Property Sales gets emotional talking about the current situation, as he believes many do not realize just how few properties there are for sale. Rise on Glenmore Road, for instance, has only 10 townhomes for sale, and Eminence, at the base of Knox Mountain, has fewer than 50 homes remaining. Anderson says there are just 23 listings available for under $1 million in the Glenmore area, which means it will take only a few months for them to all disappear…
*This is a sneak peek of a Castanet article about Vantage West Project Sales. To learn more about the Rise on Glenmore Road & Nolita real estate developments, you can read the full feature article on Castanet.
