Housing

A couple living at the Summerland Waterfront Resort is trying to sell their unit because of strata changes which will require them to pay significantly higher strata fees or have their unit included in the resort’s rental pool (John Arendt - Summerland Review)

Permanent residents of Summerland resort must move or face major fee increase

Permanent residents of Summerland Waterfront Resort told fees will more than double

 

This is the location, 3240 Skaha Lake Road, of where BC Housing plans to build a four storey supportive housing project for the homeless and at risk of being homeless. (Jesse Day Western News)

Penticton mayor and MLA concerned about new BC Housing project

‘Penticton already has its fair share’ of BC Housing projects

 

BC Assessment has mailed its 2021 assessments to the owners of more than 283,500 properties throughout the Thompson Okanagan. Spotlight file photo

Princeton property values skyrocket

On average single family homes increase 17 per cent in value, in one year

 

The value of single family homes in the Thompson Okanagan region has increased, according to statistics from BC Assessment. (Black Press file photo)

Housing values increase in Thompson Okanagan region

Highest increase is in Princeton with values rising by 17 per cent over past year

The value of single family homes in the Thompson Okanagan region has increased, according to statistics from BC Assessment. (Black Press file photo)
Logs are seen in an aerial view stacked at the Interfor sawmill, in Grand Forks, B.C., Saturday, May 12, 2018. An unexpected rebound in wood product prices this month is boosting profits for Canadian forestry companies but leaving homeowners and buyers with the prospect of higher home and renovation costs in 2021. THE CANADIAN PRESS/Darryl Dyck

Wood products pricing surge expected to persist, raising 2021 house, renovation costs

Lumber prices have added as much as $30K to the construction cost of a typical 2,500-square-foot house

Logs are seen in an aerial view stacked at the Interfor sawmill, in Grand Forks, B.C., Saturday, May 12, 2018. An unexpected rebound in wood product prices this month is boosting profits for Canadian forestry companies but leaving homeowners and buyers with the prospect of higher home and renovation costs in 2021. THE CANADIAN PRESS/Darryl Dyck
Houses are seen in an aerial view, in Langley, B.C., on Wednesday, May 16, 2018. A company that supports hundreds of credit unions across Canada predicts British Columbia’s housing market will remain healthy through 2021 as the province moves out of its COVID-19 slump. THE CANADIAN PRESS/Darryl Dyck

B.C. housing market to remain vibrant through the new year: report

The report also forecasts a firmer rental market through 2022 as economic conditions normalize

Houses are seen in an aerial view, in Langley, B.C., on Wednesday, May 16, 2018. A company that supports hundreds of credit unions across Canada predicts British Columbia’s housing market will remain healthy through 2021 as the province moves out of its COVID-19 slump. THE CANADIAN PRESS/Darryl Dyck
Canadian Horizons development company has applied for a rezoning application to gain permission from the City of Penticton to began construction on a 300-plus home development on the land adjacent to the Campbell Mountain landfill. (Change.org photo)

Opposition to Canadian Horizons development on Naramata Bench grows

A rezoning application for the development is set to be put to a vote at city council in early 2021

Canadian Horizons development company has applied for a rezoning application to gain permission from the City of Penticton to began construction on a 300-plus home development on the land adjacent to the Campbell Mountain landfill. (Change.org photo)
Todd York (left), owner of Royal York Golf Course in Armstrong, with local developer Patrick Place. (Brendan Shykora - Morning Star)

Owner shares future vision for Armstrong’s only golf course

Todd York believes he’s found a way to turn Royal York into a win for the city, community and taxpayers

Todd York (left), owner of Royal York Golf Course in Armstrong, with local developer Patrick Place. (Brendan Shykora - Morning Star)
(City of West Kelowna)

Large housing development in Central Okanagan back on the table

Council considering rezoning to accommodate 184 housing units, project hopes for ~933 by completion

(City of West Kelowna)
A man walks past an affordable housing complex, being constructed in Charlottetown’s Hillsborough Park area, on Saturday, February 29, 2020. Seven provinces have signed on to a federal rent assistance program created as part of the national housing strategy, three more than the Liberals have announced, newly released documents show. THE CANADIAN PRESS/Andrew Vaughan

More provinces sign up for rent benefit as Liberals set up promised housing council

Indigenous housing providers are pushing for the government to finally unveil a plan

A man walks past an affordable housing complex, being constructed in Charlottetown’s Hillsborough Park area, on Saturday, February 29, 2020. Seven provinces have signed on to a federal rent assistance program created as part of the national housing strategy, three more than the Liberals have announced, newly released documents show. THE CANADIAN PRESS/Andrew Vaughan
Houses under construction in Toronto on Friday, June 26, 2015. Canada Mortgage and Housing Corp. says the annual pace of housing starts increased in October. The national housing agency says the seasonally adjusted annual rate of housing starts rose to 214,875 units last month compared with 208,715 in September. THE CANADIAN PRESS/Graeme Roy

CMHC says annual pace of housing starts climbed higher in October

The seasonally adjusted annual rate of housing starts rose to 214,875 units last month

Houses under construction in Toronto on Friday, June 26, 2015. Canada Mortgage and Housing Corp. says the annual pace of housing starts increased in October. The national housing agency says the seasonally adjusted annual rate of housing starts rose to 214,875 units last month compared with 208,715 in September. THE CANADIAN PRESS/Graeme Roy
Salmon Arm council will be considering Airbnbs as it goes through its recently completely housing report. (File photo)

Salmon Arm resident peeved with lack of Airbnb controls in city

Councillor says community housing report to be discussed shortly will include short-term rentals

Salmon Arm council will be considering Airbnbs as it goes through its recently completely housing report. (File photo)
Downtown Revelstoke. (Liam Harrap/Revelstoke Review)

No vacancy: COVID-19 changing rental dynamics in Revelstoke

Many say it’s far harder to find housing this fall than years prior

Downtown Revelstoke. (Liam Harrap/Revelstoke Review)
Condominium developments like this project in West Kelowna may see a short-term impact from the COVID-19 pandemic’s influence on the national economy. (File photo)

Okanagan rental housing market facing challenges due to COVID-19

The impact on real estate markets remains a wildcard

Condominium developments like this project in West Kelowna may see a short-term impact from the COVID-19 pandemic’s influence on the national economy. (File photo)
CMHC president Evan Siddall speaks to the Canadian Club of Toronto in Toronto on June 1, 2017. THE CANADIAN PRESS/Nathan Denette

New tools, ideas needed to speed up housing strategy funding, CMHC president says

The COVID-19 pandemic has made housing affordability an even bigger issue

CMHC president Evan Siddall speaks to the Canadian Club of Toronto in Toronto on June 1, 2017. THE CANADIAN PRESS/Nathan Denette
(Black Press file)

Rally opposing Naramata Bench housing project prompts reaction from developer

Today, local farmers, residents will be driving their tractors down Main Street in opposition

(Black Press file)
Real estate for sale signs are shown in Oakville, Ont. on December 1, 2018. Canada Mortgage and Housing Corp. expects a drop in home prices in the country’s biggest cities amid “severe declines” in home sales and construction. The federal housing agency says a combination of factors related to the pandemic, such as higher unemployment and lower income, will slow housing starts and push sales and home prices below pre-COVID levels. CMHC says the market likely won’t see a return to pre-pandemic levels before the end of 2022. THE CANADIAN PRESS/Richard Buchan

CMHC expects uneven and uncertain recovery in country’s housing market

A potential second wave of the virus, higher unemployment and the pace of an economic recovery could affect housing

Real estate for sale signs are shown in Oakville, Ont. on December 1, 2018. Canada Mortgage and Housing Corp. expects a drop in home prices in the country’s biggest cities amid “severe declines” in home sales and construction. The federal housing agency says a combination of factors related to the pandemic, such as higher unemployment and lower income, will slow housing starts and push sales and home prices below pre-COVID levels. CMHC says the market likely won’t see a return to pre-pandemic levels before the end of 2022. THE CANADIAN PRESS/Richard Buchan
Michelle, Culic and her children, Tiana and Khayden, received the keys to their new home Wednesday, May 27, 2020, marking the completion of a housing project by Habitat for Humanity Okanagan. (Brendan Shykora - Morning Star)

WATCH: New home for Vernon family

Single mom, two kids new residents of Habitat for Humanity’s first completed project in Vernon

Michelle, Culic and her children, Tiana and Khayden, received the keys to their new home Wednesday, May 27, 2020, marking the completion of a housing project by Habitat for Humanity Okanagan. (Brendan Shykora - Morning Star)
Real estate for sale signs are shown in Oakville, Ont. on Saturday, Dec.1, 2018. THE CANADIAN PRESS/Richard Buchan

CMHC sees declines in home prices, sales, starts that will linger to end of 2022

CMHC said average housing prices could fall anywhere from nine to 18 per cent in its forecast

Real estate for sale signs are shown in Oakville, Ont. on Saturday, Dec.1, 2018. THE CANADIAN PRESS/Richard Buchan
Mathie Franchuk has been living in a run-down trailer for the past four years. She has given notice she will be leaving this trailer at the end of April and is now looking for a new place to live. (Summerland Review file photo)

Summerland woman living in decrepit trailer searching for a new place to live

Mathie Franchuk says trailer where she has lived is in deplorable condition

Mathie Franchuk has been living in a run-down trailer for the past four years. She has given notice she will be leaving this trailer at the end of April and is now looking for a new place to live. (Summerland Review file photo)