Panabo City is a third class city in the province of Davao del Norte and located between Davao City to the north and Tagum City to the south. The main livelihood of its residents is in the agriculture and industrial sectors. Big companies like TADECO, Inc., DOLE Stanfilco, and Del Monte Philippines have their banana farms, box plants, plastic plants and wharfs operating in the city.

It can be said that the presence of these companies boosted the economy of Panabo. The taxes paid by these companies give big revenues to the city government, not mentioning that it also provides income and livelihood opportunities to thousands of people not only to the original residents of the area but also to people of other neighboring towns and places This causes an influx of people coming from different places and looking for a place to live-in, a house and lot to own or even just rent. Although these companies provide free housing to its workers for many years now, there are those who prefer to live outside the company premises and choose to live near the city's center of commerce. Many of these are the sons and daughters of the farm's workers who prefer to have their own house and lot and real estate properties, not just to have a place to live but also as an investment.

Panabo City is also such a bustling economy that in the recent years' other companies and government agencies are putting up branches and offices in the city. Pag-IBIG and SSS are some of these government agencies, making transactions convenient for those who have applied for house and lot under Pag-IBIG and those who have SSS transactions. Malls and recreation centers also being put up to the delight of the locals. Hospitals are also upgrading their facilities. Rivera Medical Center and Panabo Polymedic Hospital are now a tertiary level hospitals. Schools like UM Panabo and Davao del Norte State College are also now offering more course programs than before. Residential subdivisions are also sprouting up to give the ordinary residents of Panabo a chance to own a house and lot under Pag-IBIG financing, especially for those who cannot afford a house and lot for sale on a cash basis.

One of these residential subdivisions is Kanari Homes Panabo, located just along TADECO road in Brgy. New Visayas, Panabo. Kanari Homes Panabo offers a low-cost and affordable house and lot under Pag-IBIG and bank financing. For inquiries and site viewing, you may contact your local licensed real estate broker at 0943-574-0013.