Invest in Savoy

Investing in Savoy on Clement

Savoy on Clement not only offers stylish urban living in downtown Kelowna’s northside, it also represents exceptional value for investment purchasers looking to enhance their real estate portfolio in a high-growth neighbourhood with long-term sustainability.

Kelowna's Tailored Needs

  • Kelowna has one of the lowest available rental inventory rates in Canada and is the 4th most expensive rental market in the country
  • The University of British Columbia Okanagan is opening a 43 storey downtown campus with 473 rental units. Currently there is a 1,300-person waiting list for student housing at UBCO.
  • UBCO enrollment increases year after year, including 3,330 new students in September 2022, its largest-ever incoming cohort of domestic and international students.
  • UBCO has identified priorities for downtown student life include transit, study space, security, housing, and access to food.

Growth Made to Measure

  • Kelowna is the fastest-growing city in Canada with a 14% increase from 2016 to 2021
  • Kelowna is considered Canada’s top emerging real estate market, ranked the Best Small City in Canada
  • In 2021/2022, Canada's population grew by a record 703,404 people, the highest growth rate ever recorded, with International migration as the primary driver

Get the Right Fit

With a prime location less than 1 kilometer away from the new UBCO downtown campus, Savoy on Clement is an easy choice for investor buyers, with a built in rental base demand from students, faculty, and support staff right around the corner. And in Canada’s fastest growing city with limited rental inventory available, Savoy on Clement is always a good look.
  • In 2004, an average income household in B.C. needed to dedicate 45% of their take-home income to housing. Today, that number is approximately 60%
  • CHMC projects that over 22 million housing units will be required by 2030 to help achieve housing affordability for everyone living in Canada. To reach that goal, Canada needs to build 3.5 million additional homes over projected housing starts
  • Two-thirds of the 3.5 million housing supply gap is located in British Columbia and Ontario, and the Greater Okanagan area needs 40,000+ homes by 2040 to meet housing demand