17k new homes needed to meet population demands in the Okanagan

October 22, 2020
By admin

For the past 30 years the Okanagan has been experiencing a population boom – and there is no sign of it slowing down.


Colliers International has recently published a report, “Kelowna & Central Okanagan Public Health Region Population & Housing Growth 2020 to 2041”, which is shining light on the incredible financial opportunity available through real estate investing in Kelowna and the surrounding area.

According to figures from the 2016 Census, the population in the Central Okanagan Public Health Region has been growing rapidly over the past 30 years and is forecast to see an additional 112,800 residents moving to the area by 2041, which would bring the total regional population to 540,320 – a 66% increase since 1986.

Unlike other hot real estate markets in British Columbia, like Victoria or Vancouver, the growth of the real estate market in Kelowna and the Okanagan is not focused predominately on specific suburban areas, meaning the entire region is a high-growth market – and a market that cannot currently keep up with demand. With the population trending to grow by over 26% by 2041, the Kelowna real estate market will require an additional 17, 917 homes to meet market demand. Currently, the 22 planned major real estate developments in the Okanagan region will only build only 9,770 new homes, leaving a shortfall of 55% in the marketplace and creating an extraordinary opportunity for real estate investing in Kelowna and the Okanagan.

The Heights at Upper Mission

The Heights at Upper Mission will be one of two new Evest Funds real estate projects in the Okanagan. Situated on the highest residential point in the exclusive Upper Mission neighbourhood, the 78 single-floor luxury turn-key residences will offer panoramic views across Lake Okanagan,  and downtown Kelowna. Invest for as little as $25,000 and if you wish, convert your investment into a home at the Heights. Learn more>

Evest Funds was an early identifier of the exceptional real estate investment opportunities in Kelowna and the Okanagan, with two projects currently in development: The Heights in Upper Mission and an upcoming eco-resort destination located close to Big White Ski Resort.

The Heights in Upper Mission offers a desirable combination of lifestyle features including sweeping lake and valley views, solar panels, single-story floorplans, energy-efficient appliances, and an exclusive location nestled at the highest residential point in Kelowna. Limited partnerships for this development start at just $25,000, a unique opportunity for investors to enter into this high-value marketplace with only a small capital investment. Upon completion, the residences in this prime neighbourhood will be offered at an accessible comparable starting price for first-time buyers, young families, or those planning retirement.

The upcoming eco-resort is another exciting project, taking advantage of the strong year-round tourism offer found in the Okanagan. Just 40 minutes from Kelowna and minutes away from popular Big White Ski Resort, the project will be an eco-friendly, all-year sports and adventure destination designed to reconnect guests with family and nature, a stunning wedding venue, and a convention center ideal for team-building events or health and wellness retreats.

The innovative “Investor First” program from Evest Funds uses a limited partnership investment model to help investors capitalize on the booming Kelowna housing market, offering preferential returns of up to 18% with a safe, secure, and proven real estate investment strategy. Furthermore, Evest Funds is dedicated to building community, focusing on residential developments and projects that bring communities together, to address market demand and development in a manner which benefits the Okanagan and its residents. Contact us today to learn more about how Evest Funds can help you reach your real estate investment goals.

Click here to learn more about The Heights at Upper Mission.

Click here to learn more about our upcoming Okanagan eco-resort project.

Click here to learn more about other real estate investing opportunities from Evest Funds.



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