Deanna Steele says she has never seen as many condo and vacation homes for sale in Kelowna, B.C. as she has this month. The founder of Keys to Kelowna Properties Inc., a luxury vacation rental management agency, said the lake-front city’s real estate market is “saturated” by properties zoned for short-term rental use. Some of the sellers are people who bought not that long ago and are already trying to get out. “They thought they were going to make a mint because they saw what was happening in the gold rush. And now they’re realizing, ‘Oh, big mistake,'” said Steele. That gold rush — investing in short-term rentals in Kelowna and many other Canadian cities — could potentially slow to a tri
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