In current market conditions, it’s easy to be consumed by negative headlines on the news speaking to the shift in today’s market. However, it’s rare – and yet crucial – to take a step back and look at the larger picture: one that observes the larger flow of modern-day market cycles.

The University of British Columbia, Okanagan recently announced its commitment to a second campus, one located in the downtown core of Kelowna. In late July, a revamped version of the project – which was initially brought forward in 2020 – was approved by Kelowna city council. Kelowna, with its relative affordability, is already recognized as a top emerging market in British Columbia. The addition of this campus is almost guaranteed to create and drive future growth of the downtown area and increase its desirability for residency – and for investment.

The MLA Canada Spotlight Series is designed to deliver actionable intelligence into the residential real estate market. This report series is to provide insight into the up-and-coming marketplace for homebuyers, developers, and real estate industry professionals alike, offering a comprehensive overview of both the quantitative and qualitative characteristics of trending sub-markets in the Lower Mainland.

There’s a lot to love about pre-sale homes. It’s evident in all the sold-out signs posted at the numerous multi-residential construction sites across the lower mainland. If you’re deciding to go the pre-sale route instead of purchasing re-sale, a number of unique financial considerations come into play. Read on to learn more about what prospective homebuyers should look out for in terms of budgeting, as well as tips to navigate the pre-sale process.

One of the largest upsides to choosing a pre-sale development over a re-sale home is the chance to tailor it to your tastes and preferences, without the hassle and cost of renovations.

There’s no shortage of acronyms when it comes to the real estate industry but one that is particularly important, and topical, is REDMA. Short for the Real Estate Development Marketing Act, REDMA itself is not new — the legislation was introduced in 2004 primarily as a protective measure for consumers and to promote transparency with multi-family builders making changes prior to completion of a home.