When deciding on the location of your next real estate investment, whether it is a primary residence, business, or vacation home, you want to ensure that you select a healthy market that will continue to grow for years to come. A robust, thriving real estate environment ensure that your investment will grow, paying dividends down the road if you decide to sell.
The State of Affairs In the Okanagan
The Okanagan Valley has experienced impressive growth in the past decade and shows no signs of slowing down. The sunny, dry weather and prosperous business conditions of the Valley have been attracting residents from Vancouver by the thousands. When deciding on a location to live or invest in, you want to see a history of growth and positive return on investments.
Homes in the Okanagan Valley have been seeing a double-digit increase in value, the overall area growing three times faster than Vancouver and Victoria. If you prefer to work with measurement tools such as return on investment, Kelowna, the largest city of the Okanagan, currently boasts a higher ROI than Vancouver.
Big Opportunities At Big White
Big White is one of the top ski resorts in North America and has been ranked as “The Best Family Resort” in Canada and has also been recognized for having one of the top terrain parks in North America (TELUS terrain park). Business has never been better at Big White which has real estate investors smiling. In the 2016-2017 season, more development took place around the resort than the previous ten years combined.
The world-class entertainment resort will have residences and tourists flocking to the destination for many years to come, which also presents rental opportunities for landlords that invest in the Big White area. Rental units are extremely hard to come by in the Okanagan Valley, with Kelowna boasting one of the lowest vacancy rates in all of Canada.
Big White Offers More Than Skiing
If snowboarding and skiing isn’t your cup of tea, Big White has a plethora of activities to keep you and your friends occupied. If you are looking to stay outdoors, you can find adventure on the back of a snowmobile or a dog sleigh, or slip and slide down the hill on a tube. Entertainment options are nearly endless with options to ice climb, snowshoe, horseback ride, or relax in the spa and hot tubs.
If you are looking to dine in style around the slopes, you can visit The Toasty Treehouse or the Globe Cafe & Tapas Bar to treat yourself to fire roasted Finnish salmon dish or roast your own smores! Perhaps you want to sip instead of snack- The Gunbarrel Grill offers a wide range of boozy beverages, some that come with a side of antique shotguns and real flames!
Availability at Stonegate
Have you always dreamed of cruising down a mountainside through perfect powder, slowly coming to a stop at your doorstep at the foot of the hill? This can become a reality at Stonegate, the newest luxury resort at Big White. The Stonegate resort is a full ski-residence that offers so much more than amazing mountain views and skiing possibilities. Indulge in the indoor pool, whirlpool spas, exercise room, and adult billiard and games room. With your kids or family, relax in the cafe, kids room or the 18 seat tiered professional theatre.
The Stonegate Resort is being built in three phases, with phases 1 & 2 already completely sold out. If you want a piece of this mountainside paradise for yourself, you will have to act fast, as the third and final phase is already 30% sold.