Category: Homes

Construction has commenced on the 36-storey East Tower at ONE Water Street in downtown Kelowna. Kelowna Mayor Colin Basran threw the lever that started up the heavy equipment that will imbed the piles into the ground for the East Tower’s foundation. “City Council is committed to encouraging urban centre development that is energized by a concentration of new residents and businesses,” said Mayor Basran. “ONE Water Street is the latest and biggest project to address our objective to have more densely developed urban centres, whether that’s downtown or in any of our other urbanized neighbourhoods. This project is a...

Kelowna City Council has approved the development permit for Urbana at Central Green. The collection of 55 new homes developed by Mission Group is the third and final phase of condominiums at Central Green. More than 160 homes have been sold in less than two years since Mission Group broke ground on Central Green One in 2016. Upon full buildout, Mission Group will have completed 225 new homes at Central Green in the heart of Kelowna. “This is an exciting moment for us, for many years the site lay bare,” says Randy Shier, president of Mission Group. “In partnership...

“The landscape of Kelowna will forever change in 2018 as homeowners flock to the new downtown towers,” says local realtor and homebuilder A. J. Hazzi, author of The Vantage Report.  “We’ll see a vitality on our streets and in the shops and restaurants as the densification of the downtown core increase. "With so much renewal and re-imagining going on in our city, it is going to be exciting for residents to watch it all take shape and come alive.” Vantage West Realty released today the Winter 2017 edition of Okanagan real estate market micro-study, a semi-annual report which delves...

British Columbia's real estate market has seen continued activity in 2017 with residential and commercial property values showing growth in most areas. 2018 property assessment values will reflect what was happening around BC Assessment's uniform valuation date of July 1, 2017. "The preliminary market analysis for 2018 property assessments is showing strong market conditions across most areas and property types in the province, with a few exceptions," says Assessor Tina Ireland. "Assessments for detached single family homes in central parts of Metro Vancouver, for example, will be relatively stable, while other parts of the province will see increases when...

The research said the demand is there, and proved to be correct as 160 homes in the new ONE Water Street luxury residential project were sold during the opening weekend of sales. Sales of homes at ONE Water Street on the northern edge of downtown Kelowna began on Friday, September 29 with a series of private viewings. Out of the gate, 30 per cent of the homes were sold in the first few hours. The pre-arranged sales appointments continued through the next day, with sales to the general public beginning partway through the second day with a gala opening of...