Housing Market

Apartments, row houses, and duplexes now make up more of Kelowna’s housing stock than single-dwelling housing. (Black Press file photo)

Changing the face of housing in Kelowna

There has been a shift towards smaller households in the city over the past two decades

 

This conceptual rendering of a housing project proposed for Drysdale Boulevard in Glenmore is an example of the growing densification direction of development in the city. (City of Kelowna graphic)

Development outlook still bullish for Kelowna

Current economic uncertainties won’t hold back the Okanagan

 

The final draft of West Kelowna’s first housing strategy is expected to be completed by summer 2023. (Black Press file photo)

West Kelowna building first housing strategy

The city contracted Urban Matters to help develop the strategy in December 2022

 

The Kelowna housing market went up 14 per cent according to the 2023 BC Assessment. (@khzny/Twitter)

Less demand, more options give hope to Okanagan housing market

Second half of 2022 showed improvement from assessment date, says realtor

The Kelowna housing market went up 14 per cent according to the 2023 BC Assessment. (@khzny/Twitter)
YeYe Housing Society is planning to build 20 townhomes at the corner of Flemming and Houghton roads for first-time home buyers. (Photo/YeYe Housing)

First-time Kelowna home buyers can benefit from 25% discount

YeYe Housing Society brings the development to Kelowna after success with a similar project in Banff

YeYe Housing Society is planning to build 20 townhomes at the corner of Flemming and Houghton roads for first-time home buyers. (Photo/YeYe Housing)
Less than one percent of houses listed in B.C. cities as of the first week of May 2022 are priced below $200,000, according to real estate search portal Point2. THE CANADIAN PRESS/Jeff McIntosh

Needle in a haystack: Less than 1% of homes in B.C. cities listed below $200,000

Zero homes under $200,000 exist in nine B.C. cities, international real estate portal finds

Less than one percent of houses listed in B.C. cities as of the first week of May 2022 are priced below $200,000, according to real estate search portal Point2. THE CANADIAN PRESS/Jeff McIntosh
Kelowna’s rental prices increased by over 20 percent over the last year (File photo)

Rent in Kelowna has increased more than any other city in Canada

Zumper’s annual report ranked Kelowna as the fourth most expensive city in Canada

Kelowna’s rental prices increased by over 20 percent over the last year (File photo)
Metro Vancouver real estate agents say the frenzy on house sales is slowing, but it doesn’t necessarily mean the price tag will drop. (Black Press Media file photo)

Metro Vancouver experts weigh in as RBC predicts cooling of B.C. housing market

Buyer frenzy beginning to slow, but sales still steady, real estate agents say

Metro Vancouver real estate agents say the frenzy on house sales is slowing, but it doesn’t necessarily mean the price tag will drop. (Black Press Media file photo)
A real estate sign (Jonathan Hayward/Canadian Press)

Mixed reviews on B.C.’s attempt to ‘cool off’ housing market by giving buyers more assurances

Despite allowing buyers time to rescind their offer, it must be balanced to protect sellers: experts

A real estate sign (Jonathan Hayward/Canadian Press)
According to the City of Kelowna’s community trends report, fewer than one in 10 Kelowna households could afford to buy a home at November 2021’s benchmark prices. (File photo)

Less than 1 in 10 can buy a home: Affordable housing key issue for Kelowna

The city also studied affordability in their 2021 Community Trends Report

According to the City of Kelowna’s community trends report, fewer than one in 10 Kelowna households could afford to buy a home at November 2021’s benchmark prices. (File photo)
A real estate sign is pictured in Vancouver, B.C. THE CANADIAN PRESS Jonathan Hayward

1 in 3 young Canadians have given up on owning a home: poll

Data released Monday says 36% of adults younger than 40 have given up on home ownership entirely

A real estate sign is pictured in Vancouver, B.C. THE CANADIAN PRESS Jonathan Hayward
The fear of selling a century-old home in B.C.

The fear of selling a century-old home in B.C.

Homeowner worries a piece of Abbotsford’s heritage will be lost if lot is redeveloped

The fear of selling a century-old home in B.C.
Kelowna moves to 6th most expensive rental market in Canada

Kelowna moves to 6th most expensive rental market in Canada

The report comes from the Canadian National Rent Report from Padmapper for February 2019

Kelowna moves to 6th most expensive rental market in Canada