Originally Posted by madm1k3

Vancouver is propped up by Asian investors, Kelowna is propped up by Alberta investors.

In Vancouver there is such and influx of affluent Asian immigrants that it has driven the home prices way up. Not to mention Citizenship is awarded for immigrants investing over 1 million dollars into a Canadian business and they have changed the laws to include owning real estate a business.

In Kelowna (where I live) its all about Alberta oil men and other outside investors buying summer homes. Albertans love Kelowna because its hot, a good party city, and its not Vancouver.

Because these are investment properties there are lots of reasons to list them. In Vancouver it has a lot to do with trying to sell these homes to people trying to get into the country. And in a lot of cases its just an investment and people want to move on or put their money in something else