Kelowna BC, Penticton and Vernon Financially Distressed Sales can mean the opportunity to get a home for a really good price.

   But finding these great deals and bank foreclosures may not be easy for the average homeowner. You'd have to spend a lot of time researching the newspaper and keeping your "ear to the ground".

   Are you the kind of person who can recognize the good value that some of these Okanagan houses and foreclosed properties offer? Then you'll definitely be interested in a system that automatically delivers to you a FREE computerized report, which includes a detailed list of distressed sales and bank foreclosures.



The Okanagan BC is a group of Regional Districts, casually referred to as 'The Okanagan' based on the geography of the Okanagan Valley and Okanagan Lake. The 3 BC Regional Districts of the Okanagan are: North Okanagan RD, Central Okanagan RD, and the Okanagan-Similkameen Regional District, known locally as the South Okanagan. Prices of Okanagan lakefront houses, condos, and apartments can have a market value of 3 or 4 times an equal property not on the waterfront. BC waterfront homes are coveted by property investors from around the world.

The North Okanagan includes the cities of Vernon BC and Armstrong BC and smaller BC municipalities, cities, towns and villages. Silver Star BC is a seasonal ski resort on Silver Star Mountain which gains significant population during the peak ski season. The North Okanagan population is 81,932.

The Central Okanagan includes the City of Kelowna BC and Lake Country BC, as well as other smaller cities, towns and areas. This Region of BC contains a significant number of recreational properties, including Big White ski condos, lakefront cabins, etc. The Central Okanagan population is 180,114.

The South Okanagan includes the City of Penticton, District Municipality of Summerland BC, and smaller towns and other areas on and around the south end of Okanagan Lake. The Okanagan-Similkameen Region or South Okanagan has a population of 82,436.

The populations of Okanagan Cities and Municipalities in descending order:

Kelowna BC Population: 118,507 (Central Okanagan, City of Kelowna)
Vernon BC Population: 38,444 (North Okanagan, City of Vernon)
Penticton BC Population: 32,933 (South Okanagan, City of Penticton)
Summerland BC Population: 11,110 (South Okanagan District Municipality)
Lake Country BC Population: 11,051 (Central Okanagan District Municipality)
Coldstream BC Population: 10,094 (North Okanagan District Municipality)
Peachland BC Population: 5,232 (Central Okanagan District Municipality)
Osoyoos BC Population: 5,044 South Okanagan Town)
Spallumcheen BC Population: 5,016 (North Okanagan District Municipality)
Oliver BC Population: 4,564 (South Okanagan Town)
Armstrong BC Population: 4,482 (North Okanagan, City of Armstrong)
Enderby BC Population: 2,890 (North Okanagan, City of Enderby)
Princeton BC Population: 2,613 (South Okanagan Town)
Lumby BC Population: 1,754 (North Okanagan Village)
Keremeos BC Population: 1,239 (South Okanagan Village)

The larger population centers are always the best places to invest in rental properties. For example the population of Kelowna is 118,507 which is a large enough area for solid investment in bc real estate, that can be resold with relative ease. Looking for okanagan foreclosures and other okanagan houses and condos to rent out is best done with an agent who can do some real estate research for you. Kelowna agents know kelowna real estate best and often have immediate information from local bank branches about kelowna foreclosure properties. If you want to look for property in Vernon BC, it is recommended that you consult a vernon real estate agent because they are more likely to have direct information about foreclosures, upon which you can act quickly with an offer to purchase. Vernon BC and the North Okanagan are the fastest growing segment of the Okanagan population.

The Okanagan Valley has a total population more than 344,482 residents which is approximately 8% of the population of British Columbia. Okanagan Foreclosures are an opportunity for Kelowna and Okanagan real estate investors including family houses, condos, apartments in regular neighbourhoods all over the Okanagan Valley and recreational properties. Because the Okanagan is a major Canadian vacation zone, recreational property is considered as good an investment as residential housing.

Competition for foreclosures of residential and recreational property in the Okanagan is very strong. Acting quickly with a much needed offer on a foreclosed okanagan property through a real estate agent who knows the different areas, could get you into an Okanagan neighbourhood for a less than you expect.

Analysis is provided to the viewer as a research byte and is not warranted or guaranteed in any way. Vancouver property and real estate buyers and sellers, working with or without an agent, should complete due diligence in determining if a Vancouver foreclosure property is right for their individual investment needs.

© 2001-2010 C.A.R.E. is the Canadian Agent Referral Enterprise Located in Vernon BC, Canada and the Okanagan Valley.
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