Q3 Economic Drivers Stats - Kelowna

Carla Reis

Inspired Forum Member
Registered
Aug 24, 2017
40
24
8
51
Kelowna
#1

Carla Reis

Inspired Forum Member
Registered
Aug 24, 2017
40
24
8
51
Kelowna
#4
Indeed all good points Cory and Thomas.
Luckily we bought our properties before the prices went crazy but who knows what future will bring. (If someone would’ve told me few years ago that Vancouver would be selling 1 bed condos for 1 Mio I would definitely question their sanity)
Higher interest rates, new mortgages restrictions, the government talking about increasing taxes, etc ... so we are experiencing uncertainty thats for sure.
Note: These stats are just information and not a recommendation by any means.



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Matt Crowley

Senior Forum Member
Registered
Dec 14, 2013
804
301
63
Edmonton
#5
@CorySperle interested on your thoughts on this...

Kelowna Office: vacancy Q2 2017 down to 8.78% from 9.08% Q42016 in a universe of 3.7 million SF. Rents up $2 PSF. There is 130,000 SF in the pipeline, a 3.5% increase in supply. How much more are you willing to pay for land given these economics?

Kelowna Retail: Vacancy Q2 2017 down to 3.41% from 5.56% Q4 2016 in a universe of 6.2 million SF. Rents up $3 PSF. There is 104,000 SF in the pipeline, 1.7% increase in supply. How much more are you willing to pay for land given these economics?