Why Young Professionals are Making the Move to Kelowna
Kelowna is one of Canada’s fastest-growing cities with thousands of new arrivals flocking to this lakeside locale every year.¹ Many are young professionals looking to set down roots.
Kelowna is fast becoming one of the most sought after places in Canada for young professionals to relocate. Every year, this scenic city welcomes thousands of newcomers who come to enjoy a lifestyle they just can’t get in another city. There are many reasons why Kelowna is so attractive to young professionals and why many have decided to settle in the city long term.
Once a sleepy lakeside city that depended on seasonal tourism to fuel its economy, Kelowna is now home to a thriving tech sector. Many of these tech companies are constantly on the lookout for fresh talent to help spur innovation. The influx of tech companies has also fuelled growth in other areas, creating more job opportunities in healthcare, development, agriculture, and the hospitality industry.
It’s no secret that housing prices in cities like Vancouver and Toronto can be astronomical. Not so in Kelowna. Many young professionals find that they can get almost double the living space for the same amount of money they would pay in a larger city. Plus, there are plenty of affordable homes in the downtown Kelowna core, meaning less commuting time and easy access to everything the city has to offer.
Thriving Food Scene
Over the past decade, Kelowna has transformed into a haven for foodies with an array of gourmet restaurants, craft breweries, and chic wine bars scattered throughout the city. Diners will find everything from farm-to-table fare made with locally sourced ingredients, exotic dishes inspired by global cuisines, and vibrant wines made with grapes grown in the Okanagan Valley’s famed vineyards.
Nestled on the banks of Okanagan Lake and surrounded by forests and mountains, Kelowna offers an abundance of opportunities to get outdoors and enjoy an active lifestyle. The city itself has an extensive network of bicycle lanes, as well as a waterfront boardwalk and a marina where you can rent boats, wakeboards, and paddleboards. Just a short drive away, there are networks of hiking trails and world-class ski resorts.
Kelowna’s business district is undergoing a transformation. Here, there are innovative new buildings going up that encourage work-life balance, socializing, wellness, and play. Take for example The Block, a new Class-A office tower that features a rooftop patio overlooking the lake, bicycle storage, smart technology, on-site restaurants, and retail shops.
With a great mix of modern amenities and pristine nature, as well as a booming economy and reasonable cost of living, it’s easy to see why so many businesses, employees, and entrepreneurs are making the move to Kelowna. When compared to other urban centres in Canada, Kelowna offers a quality of life that’s pretty hard to beat.