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29th Apr 2025

Kelowna Rental Brokerage Ordered to Cease Operations

The BCFSA has ordered Kelowna-based Menethil Properties to cease operations and has frozen its trust accounts due to regulatory non-compliance. The brokerage is no longer authorized to operate. There are no immediate impacts on tenancy agreements, but tenants and landlords are advised to contact BCFSA for guidance.

Read the full story by BCFSA.

25th Apr 2025

Ledingham McAllister Proposes Four Towers in Kelowna

Ledingham McAllister has submitted a development permit application for The Vintage at Waterscapes in Kelowna. The project includes four towers ranging from 28 to 36 storeys, totaling 1,141 units—1,101 strata and 40 rentals. Amenities feature a six-level parkade with 1,366 vehicle and 1,142 bicycle stalls. Construction will proceed in two phases.

Read the full story by Storeys.

10th Apr 2025

March Sales Up 25% in the Interior Housing Market

The Interior housing market report for March revealed a 25.1% increase in residential sales from February and an 11.9% rise from last March. Inventory also grew, with over 3,000 active listings in Central Okanagan. Benchmark prices increased in most categories, notably a $49,900 rise in North Okanagan townhouses.

Read the full story by Castanet.

20th Mar 2025

Kelowna Council to Consider 361-Unit Rental Project

Kelowna City Council will discuss a proposed rezoning for a major housing development on Bernard Avenue. Vancouver-based Denciti Development plans to consolidate 12 properties into two six-storey buildings with 361 rental units. The development will offer studio to three-bedroom homes alongside parking for 314 vehicles.

Read the full story by Castanet.

13th Mar 2025

Mixed-Use Development Proposed in Downtown Rutland

A proposed 13-unit mixed-use development at 125 Park Road in downtown Rutland is utilizing new rules under provincial legislation that eliminate minimum parking requirements within designated Transit Oriented Areas. The project includes just three parking spaces and comprises two ground-floor restaurants and 13 residential units above.

Read the full story by Castanet.

13th Mar 2025

Kelowna Council to Review North End Redevelopment Plan

After nearly four years, Kelowna's North End redevelopment plan is ready for council endorsement. The plan covers areas from Clement Avenue to Knox Mountain, including expansions, new housing, and improved transit. It excludes the former Tolko Mill site. City staff has consulted with SD23, but no specific school site has been identified yet.

Read the full story by Castanet.

RC
RCSubscriber since May 2024
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As a legal practitioner with a busy practice, Real Estate Recap provides me with an insightful and quick update on the current real estate happenings in Canada. Not only is the information helpful for my personal use, it goes a long way in dealing with relevant legal issues for clients.
EM
EMSubscriber since December 2024
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Real Estate Recap is a fantastic resource! It’s packed with useful information about market trends and provides educating insights that help readers understand the real estate market better. The practical tips and clear explanations make it a must-read for anyone looking to stay informed and learn more about the real esate market!
SD
SDSubscriber since June 2024
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Staying on top of real estate news can be hard, but thanks to RealEstateRecap, I don’t miss a beat. Their updates are informative, and make it easy to stay in the know. Great Newsletter, Thank you
SG
SGSubscriber since June 2024
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Very informative newsletter! It is now my go to source for all real estate news.
SB
SBSubscriber since December 2024
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Great newsletter! Very insightful and it provides all the key points without being a long, tedious read. Very well done!

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