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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.

13th Mar 2025

West Kelowna Struggles to Meet Provincial Housing Targets

West Kelowna is lagging behind its provincial housing target of 2,266 units by 2029, achieving only a net gain of 64 units in six months against a target of 289. However, 563 new units in the pipeline have been approved for rezoning, development, and building permits. The city will report annual progress to the province at the end of July.

Read the full story by Castanet.

6th Mar 2025

West Kelowna Plans to Boosts Housing with $8M Federal Grant

City of West Kelowna has secured $7.978 million from the federal Housing Accelerator Fund, aiming to fast-track 233 homes within three years and spur 780 more over a decade. The city plans seven local initiatives as part of its action plan, including increased infill housing and efficiency improvements for rezoning and approvals.

Read the full story by Castanet.

27th Feb 2025

West Kelowna Council Rejects 117-Unit Townhouse Project

West Kelowna council rejected a 117-unit townhouse project by Kerr Properties, highlighting the need for infrastructure funding before meeting housing targets under Bill 44. Residents opposed the project due to a lack of roads, sidewalks, and a secondary power source. The city plans to pressure the province for support.

Read the full story by Castanet.

20th Feb 2025

WFN Acquires Full Stake in Okanagan Lake Shopping Centre

Westbank First Nation has gained full ownership of Okanagan Lake Shopping Centre by buying out its partners. The 127,000 sq. ft. space is tenanted by brands like Landmark Cinema, Shoppers Drug Mart and Tim Hortons. At a value of $45 million, this acquisition nearly doubles the assets of Westbank First Nation's subsidiary, Ntityix.

Read the full story by Castanet.

16th Jan 2025

Peachland Council Approves 26-Unit Housing Project

Peachland council approved rezoning a 2.1-acre property on Princeton Ave, allowing a 26-unit housing complex to be built. During a public hearing, residents expressed concerns about traffic and building height. The new zone could have accommodated up to 49 units, but the developer decided to build smaller.

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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