The new 550-acre Skaha Hills development site will satisfy a pent up demand for homebuyers wanting to enjoy the lifestyle Penticton has to offer, with a 600-home master-planned resort-style residential community.

Edmonton Sun

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The Edmonton Sun reports on strong investment in Skaha Hills despite low oil prices.

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Despite low oil prices confidence is high for Penticton housing market

In the wake of plunging oil prices, one Okanagan housing industry expert is confident that positive factors will offset negative influences to Penticton’s housing market.

“We’re seeing 20% Alberta buyers compared to 80% from B.C., investing in Skaha Hills. The majority of our buyers are baby boomers and empty nesters that have been looking forward to buying a new property in Penticton for a long time. They are not as reliant on high oil prices to make this transition in life,” said Curt Jansen, vice president sales and marketing with Skaha Hills.

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