Real Estate
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Wowza, $32M sale of lakefront mansion sets new record for BC Interior
What makes a home worth a mammoth $32 million? Set it on a perfect plot of land with a substantial stretch of idyllic Okanagan Lake…
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At an eye-watering $16,000 a night, Kelowna has the most expensive Airbnb in the country
Obviously, this swanky, exorbitantly priced Airbnb has it all. Over 20,000 square feet of living space in the main house and a separate 2-bedroom, 2,200-square-foot guesthouse. A…
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Apartment renters now have the upper hand in Kelowna
Oh, how the tide has turned. Just a couple of years ago the apartment vacancy rate in Kelowna was an ultra-tight 1.3% and tenants had no…
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Soaring, shimmering and stunning, Kelowna’s tallest building is finished and fantastic
There's wow factor. And then there's WOW factor. And the just-finished 42-storey Eli condominium tower downtown on Leon Avenue definitely has WOW factor. Not only is…
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Kelowna housing market: Is it stuck and stagnant or resilient and recovering?
The Kelowna housing market is clearly looking for a catalyst to shake things up. For the past few months, sales and prices have remained little…
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At an astonishing $17.5M, this is the largest-ever residential sale in the Okanagan
Use all of these adjectives — staggering, stupefying, eye-watering, jaw-dropping, record-setting, astounding and astonishing. "Yes, this sets a whole new standard of what a luxury…
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More apartments, more competition push down monthly rents in Kelowna
All that construction of 6-storey apartment buildings in the city is having an impact, chipping away at monthly rents. In August, the median monthly rent…
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The Kelowna housing market seems to be in a holding pattern
It's likely the sluggish economy. Mortgage interest rates that aren't coming down fast enough. Wages that aren't going up fast enough. Continued unaffordable home prices. And…
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Apartment rents in Kelowna tumble from record-high
What a difference a month makes. In June, the median monthly rent for a typical one-bedroom apartment in Kelowna had climbed to a record-high of…
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Interior real estate market bouncing back after ‘sluggish summer start’
More than 1,500 residential units were sold in markets covered by the Association of Interior Realtors (AIR) in July. The 1,534 residential unit sales marks…