Vernon Real Estate News

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Latest Stories

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.

22nd Mar 2025

North Okanagan Approves DCC Increases After 20 Years

At a recent board meeting, the Regional District of North Okanagan approved a phased increase in water development cost charges. This is the first DCC update in 20 years. Rates will rise over two years across various land uses, with the highest increase for single-family units, from $2,180 to $6,307 per unit.

Read the full story by Castanet.

20th Mar 2025

Vernon Launches Tool to View Active Development Projects

The City of Vernon has introduced an interactive online tool, the Current Development Mapping Tool, allowing residents to view active development applications. Developed over the past year by city staff using the development application process review budget, it offers easy access to up-to-date project information.

Read the full story by Castanet.

13th Feb 2025

Okanagan Market Has a Strong Start to the Year

The Interior BC real estate markets saw increased sales and new listings, surpassing levels from December and January 2024. Benchmark prices increased across the Okanagan and Shuswap/Revelstoke regions, with the highest increase of 11% seen in South Okanagan. Kamloops prices dipped across all property types.

Read the full report by AIR.

12th Feb 2025

Vernon Approves Initial Plan for 4,000-Home Development

Vernon City Council has approved initial plans for a housing plan by Kerkhoff Develop-Build for 4,000 homes, including 1,800 affordable units. The project on 421 hectares near downtown Vernon will come to fruition over the next 10+ years. It will help address the city's housing gap, estimated at approximately 2,800 units.

Read the full story by Castanet.

13th Dec 2024

Vernon Council Approves 85-Unit Project in East Hill

Vernon City Council approved a zoning amendment for an 85-unit townhouse project at 1600 15th Street. The 4.45-hectare development includes semi-detached, three-plex, and four-plex units. Council raised concerns about street parking. Conditions for final approval include public access adjustments and park land dedication.

Read the full story by Castanet.

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.

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!

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

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Vernon Real Estate News

15-Second Real Estate Updates.

Stay Informed

Latest Stories

March Sales Up 25% in the Interior Housing Market

North Okanagan Approves DCC Increases After 20 Years

Vernon Launches Tool to View Active Development Projects

Okanagan Market Has a Strong Start to the Year

Vernon Approves Initial Plan for 4,000-Home Development

Vernon Council Approves 85-Unit Project in East Hill

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