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Politics and Real Estate

Who is driving Kelowna real estate during the pandemic?
Watch this August 28th interview (English/Cantonese) to find out the truth! Click the below link to watch the interview
https://www.youtube.com/watch?v=NyjPJV11_T0
During election campaign, Canadian politicians keep on blaming foreign national buyers for the hot real estate market during pandemic.  Kelowna, British Columbia is very famous for the beauty of the city.  It has been attracting a lot of overseas buyers.  Watch this interview I did with Bill Raine, a veteran realtor in Kelowna on the market trends there.  He said foreign nationals are NOT part of the heated market.  So, who is driving the market?  

We covered the following topics.  Enjoy this English/Cantonese interview!

1) Who is driving the Kelowna market during pandemic pls?  What ethnic background are the buyers?

2) What type of properties does out of town buyers buy? investment? vacation home? r they relocating to Kelowna?

3) who rent  in Kelowna? rental rate for condo, TH and detached hous

4) Who is bidding up the prices?

5) What % of appreciation for detached, TH, Duplex and condo since March 2020?



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