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83 Okanagan real estate articles · all BC
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Premier says condo-buy program will offer tenants a rent-to-own opportunity
After days of questions, Premier David Eby and Prime Minister Mark Carney provided more details Thursday on a new program to buy up empty condos and use them as affordable housing. But some experts say it is still unclear how the program will work.…
Desperate condo builders dig deeper for incentives
just one of numerous examples of incentives being offered in a soft market to reel in prospective buyers. "One Day. One Chance. One Address," reads a banner in the Mission Group's online marketing materials for Alma on Abbott, a six-storey, 80-unit building ov…
$17.5M Carrs Landing sale sets new residential record in B.C. Interior
A stunning lakefront estate in Lake Country has sold for $17.5 million, setting a new MLS record for the highest residential sale ever recorded in the Interior of British Columbia The 20-acre property at 16080 Carrs Landing Rd. was listed by TJ & Steph Real Es…
B.C. hotel sector demonstrates collective resilience despite headwinds
Despite a weak Canadian dollar, rising unemployment and a shrinking national GDP, B.C.'s hotel industry appears to be showing a level of collective resilience not seen this decade. CBRE Ltd. senior vice-president Nicole Nguyen with the brokerage's valuation an…
Wave of self-storage supply anticipated in Western Canada
Notable deals and a sizable development pipeline indicate a robust self-storage market in Western Canada, where migration, density and business users are driving demand. Nearly four million square feet of new supply is expected in B.C. and Alberta together bet…
Canadian luxury real estate 'holding up' despite spring chill for housing market
Canada's housing market may be losing steam this spring, but luxury homes and scenic cabins appear to be weathering the slowdown—just not for the same reasons. The luxury segment of Canada's housing market seems to be "holding up" compared with less expe…
New home prices in Vancouver down 0.2% in September, says StatCan
New home prices in the Vancouver region declined in September on a month-over-month basis, according to Statistics Canada. In an update released Oct. 25, Statistics Canada said its New Housing Price Index in September was down 0.2 per cent from August – …
Contentious apartment development back before council
Developers of a controversial four-storey apartment at Wilkinson Street and Springfield Road will be back before council Monday seeking a development permit for their project. Numerous residents in the area spoke out against the project during a public hearing…
The future of B.C. wine has never been more uncertain
Rajen Toor's 2023 harvest should have been an occasion to celebrate. Toor and his wife Bree, the duo behind wine label Ursa Major, had just purchased their own vineyard in the fall of 2022. For six years, Toor had been making his small-batch wines from grapes …
Bryan Yu: B.C. housing market showing signs of marginal improvement
B.C.'s housing market saw a slight improvement in March as home sales nudged higher following a 5.9-per-cent decline in February. Sales increased 0.7 per cent to reach 5,866 unit sales. Home prices rose 1.8 per cent. This said, housing momentum has waned in th…
Investors flock to First Nation land as Kelowna home, condo values slump
B.C.'s Short-Term Rental Accommodation Act does not apply to reserve land or treaty land unless a First Nation chooses to opt in through an agreement with the province. Kelowna condo owners who purchased in 2022 saw their values drop $60 a day in 2023. The ave…
Province expands speculation tax on Vancouver Island, Okanagan
The province is expanding its speculation and vacancy tax to 13 new communities, many of them vacation destinations and adjacent to areas already subject to the controversial measure. "With so many people struggling to find secure housing, we have to keep taki…
Kelowna gearing up for real estate boom driven by UBC Okanagan’s downtown campus expansion
Leveraging findings from a report from Real Estate Investment Network, called University Effect , the campus expansion represents far more than academic growth. Globally, universities have demonstrated their ability to bolster local economies significantly, en…
Wildfire insurance challenges loom over Central Okanagan real estate
Approximately 4,800 properties in West Kelowna were put on evacuation alert late on Aug. 16. This exapnded to 5,700 properties on Aug. 17, with initial evacuation orders given to 68 properties in the vicinity of Bear Creek Road. An active wildfire within 25 ki…
Kelowna 3.3 acres of industrial sold as a sale-leaseback #LesTwarog
Seller sold the land for $7.3 million and will continue to operate business as the new owner prepares redevelopment.
Kelowna 12,052-sq.ft.of commercial-industrial sells for $2.6 million #LesTwarog
Mixed-use office, retail and industrial building is fully tenanted with five units on an industrial-zoned 0.45-acre site
High-end Okanagan shrugs off the real estate blues #LesTwarog
At Predator Ridge, a golf course community between Kelowna and Vernon, 30 of 38 building lots in the new Outlook subdivision quickly sold at prices ranging from $640,000 to more than $1.2 million, according to Jeff Hudson of HM Commercial in Kelowna.…
Sicamous, B.C., 41-pad manufactured home park sells for $3.3 million #LesTwarog
The park is on 6.56 acres and close to two lakes in the Okanagan, about a 4.5-hour drive from Vancouver.
Kelowna 9,583-square-foot retail site sells $100,000 over list #LesTwarog
The free-standing downtown site on 0.22 acres with two rental units also sold for nearly $440,000 above its appraised value, at $1.4 million
Kelowna 4,320 square feet of retail sells for $1.8 million #LesTwarog
Retail building with three units on a 0.16-acre lot in Rutland community sold for nearly $800K over its BC Assessment value.
Lake Country 17.6-acre greenhouse operation sells for $3.4 million #LesTwarog
Agricultural land has 42 greenhouses on flat acreage on Kelowna city boundary.
Kelowna says ‘no for now’ for three-tower downtown development #LesTwarog
City council has turned down a proposal for a massive development on Coronation Avenue – but leaves its options open
Okanagan Falls 8.7-acre industrial site sells for $4 million #LesTwarog
Income-producing commercial/industrial property has access to Highway 97, with 6,950-square-foot commercial building, RV and boat storage and clean waste transfer station.
UBCO pushes for 46-storey Kelowna tower #LesTwarog
The University of British Columbia Okanagan (UBCO) hopes to take the phrase "higher learning" to a whole new level.
Penticton 2.1-acre site with potential sells for $9.95 million #LesTwarog
Considered the largest commercial MLS sale in the history of the Okanagan city's history, land is across from Skaha Lake with development potential, including multi-family.
Okanagan housing prices drive exodus to Alberta and beyond
Cheaper housing, higher wages lure families east
Okanagan Falls industrial on 8.7 acres trades for $4 million #LesTwarog
With easy access off Highway 97 in B.C.'s Okanagan, the parcel includes a commercial building, caretaker's residence, and RV and boat storage, with expansion potential.
Summerland 14.7 acres of lakeview land sells for $3.1 million #LesTwarog
Approximately 30 to 50 houses could be built on the former Okanagan vineyard, which is not in the Agriculture Land Reserve, under one of three development options.
Kelowna 0.39-acre retail site sold for $5 million #LesTwarog
Prime corner development site on Harvey Avenue at Pandosy Street sold for full list price.
Kelowna multi-family rentals hit record $500,000 per door #LesTwarog
Under-construction rental complex and new strata rental development set new price highs for residential transactions in the Okanagan city
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The listing data is deemed reliable but is not guaranteed accurate by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board, Real Estate Board of Greater Vancouver, nor BCCondos.