Are Condos a Good Investment? Condo Investment Pros & Cons
KelownaHomes.ca Blog
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4d ago
When you're considering investing in a condo, it's important to weigh the benefits against potential drawbacks. On the one hand, condos can offer affordability and ease of management, which is particularly appealing to first-time buyers and retirees. Yet, factors like high monthly fees, insurance costs, and condo restrictions can complicate your investment strategy. Explore these key pros and cons of condo investing before you make a decision. For informational purposes only. Always consult with a financial advisor before proceeding with any real estate transaction. 5 Things to Know About Inve ..read more
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8 Best Age-Restricted Communities in Kelowna BC
KelownaHomes.ca Blog
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1M ago
Kelowna, BC, is home to various age-restricted communities that cater to older adults seeking comfort and leisure. Each community offers unique appeal, providing residents with a lifestyle combining modern amenities and a vibrant social atmosphere. From the upscale Solstice at Tower Ranch to the serene living at Sandstone, these communities promise an enriching experience for those looking to embrace retirement in a picturesque setting. Whether you’re a current resident looking to downsize or considering moving to Kelowna for your golden years, discover what makes these communities stand out ..read more
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Rental Income Tax: Tax Rules for Short-Term Rentals in Canada
KelownaHomes.ca Blog
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1M ago
If you're considering listing your property as a short-term rental in Canada, you might be surprised to learn about the tax implications. You'll need to report rental income, and depending on your earnings, you may even have to register for GST/HST. But that's just the beginning—the ownership structure you choose can impact your tax obligations. Understanding what deductions and credits you can leverage could save you money, but navigating the rules can be tricky. Whether you’re just starting out in real estate investing or already operating short-term rentals in Canada, it’s vital to keep the ..read more
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New Year's Eve Kelowna [2025]: Fireworks & Events This Year
KelownaHomes.ca Blog
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1M ago
New Year's Eve (NYE) in Kelowna, British Columbia, combines family-friendly festivities and lively entertainment. Events include the Valley First New Year's Celebration at Stuart Park, complete with live music and fireworks, and the energetic dance party at the Sandman Hotel. But what sets this celebration apart is the anticipation that fills the air as the clock counts down to midnight. Whether you’re partying with adult revellers or looking for fun things to do with kids in Kelowna to ring in the New Year, this Okanagan Valley city has you covered.  Highlights of NYE 2025 in Kelowna, BC ..read more
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9 Fun Things to Do in Kelowna This Winter
KelownaHomes.ca Blog
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2M ago
When winter sets in, Kelowna transforms into a hub of activity that caters to every interest. You can hit the slopes at nearby ski resorts or explore the serene trails at some of the best places to go cross-country skiing near Kelowna. If you're looking for family-friendly fun, the outdoor rink at Stuart Park offers free skating amidst a picturesque setting. Seasonal events like the Fireside Festival add a festive touch to any visit. But that's just the tip of the iceberg—there's much more to explore and experience as the winter unfolds. Highlights of Winter Activities in Kelowna Enjoy downhil ..read more
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Kelowna Economy: Top Industries, Biggest Employers, & Business Opportunities
KelownaHomes.ca Blog
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2M ago
Kelowna, British Columbia, is the principal city in the Okanagan Valley with a population of about 150,000 people. The city's location in the valley and on the shores of Okanagan Lake has made it a favourite destination for water sports, biking, hiking and golf, as well as skiing and snowboarding. But it's more than just a picturesque destination; it's also a thriving economic hub. The service sector dominates Kelowna employment, a testament to the area's thriving tourism industry. Those considering a relocation to Kelowna may appreciate the following information about Kelowna's econ ..read more
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Should I Buy a 30+ Year Old Condo? Why it May Be a Great Idea
KelownaHomes.ca Blog
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2M ago
New multi-family home builders in Kelowna can hardly keep up with demand. People are quick to put deposits down for a brand-new luxury condominium with a modern floor plan. They want the latest design, luxury finishes, the stainless appliance package, and space-age technology in their homes. Many are attracted by the additional amenities that builders are happy to provide (for a price), like party rooms with full kitchens, a barbecue area, a fitness centre, or even a pool. However, an older condo building in an established neighbourhood in Kelowna could be an affordable and attractive alternat ..read more
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7 Best Neighbourhoods in Kelowna, British Columbia: Top Kelowna Neighbourhoods
KelownaHomes.ca Blog
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2M ago
Living in Kelowna, British Columbia is an experience unlike any other. The Okanagan lifestyle prizes natural beauty, relaxed living, convenient amenities, and architecture as stunning as the surrounding views. Whether you're visiting, shopping for investment properties, or considering moving to Kelowna, selecting the right neighbourhood is vital. And with the excellent array of Kelowna neighbourhoods, deciding on one can seem overwhelming. Let's examine the top Kelowna neighbourhoods and their amenities, benefits, and overall costs. Here, future residents can discover which could be the best f ..read more
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Richest Neighbourhoods in Kelowna BC: Most Expensive Places to Live in Kelowna
KelownaHomes.ca Blog
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2M ago
Kelowna is British Columbia's third-largest metropolitan area. About 142,146 residents live in Kelowna, with an estimated 217,229 living in the greater metro area. This stunning city is located on the shores of Okanagan Lake, with several smaller bodies of water scattered throughout neighbourhoods and suburbs. Kelowna and the greater Okanagan Valley are hugely popular destinations, whether to visit or to live. Due to high demand and stunning natural beauty, the cost of living in Kelowna is on the more expensive side. While luxury homes can be found in virtually every area ..read more
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11 Tax Deductions for Rental Properties in Canada
KelownaHomes.ca Blog
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3M ago
If you’re buying investment properties in British Columbia or anywhere else in Canada, you might be surprised at the range of tax deductions available to you. From advertising costs to repairs and even travel expenses, these deductions can impact your taxable income. However, it's important to understand certain nuances, like the distinction between current and capital expenses. Below, we’ll discuss what Canadian residents should know before claiming these deductions. Which Expenses Can Homeowners Deduct? In Canada, there are a variety of expenses that residents can deduct from their taxable i ..read more
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