Investing in the Okanagan

As my first blog of the New Year I will hit on my current theme and one of interest to those looking at my web site and that is the current recession and the value of investing in the Okanagan.

Inspite of the 2007-2009 international economic situation the Okanagan Valley remains a solid investment opportunity for those interested in real estate. This is for two reasons; climate and demographics.

The Okanagan with its mild winter climate and warm, sunny summers is a popular tourist destination for BC and Prairie folk. The abundant beaches on Okanagan, Skaha and Osoyoos lakes has made it a popular destination since the 1950's. That population segment is now looking to retire out of Vancouver, Edmonton and Calgary and is already purchasing a slice of that romantic childhood memory.

Add to that the burgeoning wine industry and the valley is slowly developing a more sophisticated cultural base that is appealing to people who spent there career years in urban areas. This combination of climate and demographics has served to insulate the Valley against the worst of the economic downturn.

Smart investors or lifestyle seekers will be giving a hard look to those opportunities now.

David