Kelowna Construction

TomP · #1 Posted **Mar 30, 2007, 8:25 PM**

A large chunk of land that is prime for redevelopment in Kelowna's downtown is currently occupied by Tolko Industries. Speculation has it that they won't be around after their lease on their land expires in a few years.

This would be an excellent blank slate for urban renewal in Kelowna.

http://www.tolkomustgo.com

SpongeG · #2 Posted **Mar 31, 2007, 6:46 AM**

global news reported today that kelowna is the second most expensive city in canada after vancouver - is that real?

aastra · #3 Posted **Apr 1, 2007, 6:53 PM**

Quote:

Originally Posted by SpongeG

global news reported today that kelowna is the second most expensive city in canada after vancouver - is that real?

The same thing was reported several weeks (if not months) ago. I believe it was sort of true, depending how you looked at the numbers. I'll try to find what I'm talking about.

aastra · #4 Posted **Apr 1, 2007, 6:59 PM**

I found what I was talking about over at Skyscrapercity.com. They have a pretty busy Kelowna thread over there.

Anyway, the national media was saying Kelowna was the 2nd most expensive market back in November, 2006, but there was something amiss about their ranking because (as usual) Victoria was left out. They were saying #1 was Vancouver, #2 was Kelowna, #3 was Toronto, #4 was Calgary...

At the time, the average price for a SFH in Victoria was about $100,000 higher than it was in Kelowna.

aastra · #5 Posted **Apr 1, 2007, 7:04 PM**

I take it back, the omission of Victoria was an error by the Kelowna forumers themselves. Here's the actual news item:

Quote:

Kelowna house prices move ahead of Calgary, Toronto
Last Updated: Thursday, October 26, 2006
CBC News

The small B.C. city of Kelowna has become the second most expensive place to buy a home in the country, behind Vancouver, according to a new report.

A ReMax Canada survey suggests the average house price in the Okanagan city has jumped to $422,000 this year, up from $355,000 last year -- moving it ahead of Victoria, Toronto and Calgary.

The increase is the result of big lakefront houses, says Kelowna realtor Cliff Shillington.

"Every single property on the lake is going to be over a million dollars. We're selling land on the lake. An old knockdown, and it's over a million dollars. Let's face it. We're a lifestyle destination."

Another realtor, Alex Marriott, is selling a 7,000-square-foot mansion with a 17-car garage, which is the show home of a new development overlooking Okanagan Lake.

"These homes start at $1.5 million each and go up to $7 million and over."

Just five years ago, lakeview houses in the hills above Kelowna were much cheaper, selling for less than $200,000.

Marriott says wealthy people around the world are just learning about Kelowna, which he calls the "Riviera" of Canada.

"We are now getting calls from the U.K., Hong Kong, we're getting calls from Geneva, Switzerland."

ReMax is forecasting another nine per cent increase in Kelowna prices next year.

The average house price in Vancouver is $503,000.

aastra · #6 Posted **Apr 1, 2007, 7:08 PM**

Victoria's real estate board says the average price for a SFH in February, 2007 was $534,101. Is Kelowna really higher than this now? That's quite a jump since November, if true.

Camrose · #7 Posted **Jun 20, 2007, 2:44 AM**

Quote:

Originally Posted by SpongeG

global news reported today that kelowna is the second most expensive city in canada after vancouver - is that real?

I would think that Fort Mac would be more expensive than anything in B.C. I'm not 100% sure but check it out cuz its crazy up there.

Calgarian · #8 Posted **Jun 24, 2007, 12:02 AM**

Quote:

Originally Posted by SpongeG

global news reported today that kelowna is the second most expensive city in canada after vancouver - is that real?

I read that when I was in Kelowna last summer. From what I hear from people who live there, it is very likely true.

The Great Scaper · #9 Posted **Jul 7, 2007, 7:17 AM**

Can anyone post a skyline shot or panoramic view of the City? I haven't been to Kelowna since 99.

SOSS · #10 Posted **Jun 11, 2016, 3:53 AM**

Quote:

Originally Posted by Calgarian

I read that when I was in Kelowna last summer. From what I hear from people who live there, it is very likely true.

It depends what metric you use. Likely in this case it was the metric of the average-cost-of-a-home divided by the average-annual-salary. Kelowna by this measure sucks!

Calgarian · #11 Posted **Jun 13, 2016, 4:49 PM**

Quote:

Originally Posted by SOSS

It depends what metric you use. Likely in this case it was the metric of the average-cost-of-a-home divided by the average-annual-salary. Kelowna by this measure sucks!

Almost exactly 9 years later... lol

DKaz · #12 Posted **Jun 17, 2016, 6:12 PM**

We can buy a house about 4.5x our combined salary in Kelowna or Vancouver. The difference is, the commute from said house is 15-30 minutes in Kelowna and 75-90 minutes in Vancouver, since we'd have to buy in Abbotsford.

The average house price in Kelowna is $600,000. Our target price is somewhere below that. What kinda sucks is that a lot of the new construction here is middle to upper end. I wish a developer would come in and build the under $400k brand new homes like they build in Alberta. Uninspired boxes with vinyl siding, laminate countertops, and plain jane plumbing fixtures, but they work.

vitc · #13 Posted **Mar 31, 2007, 6:31 PM**

hmmm...did we surpass Victoria in 6 months??? Unreal... Yes, it is that bad. Or good if you own already...

SpongeG · #14 Posted **Mar 31, 2007, 7:48 PM**

they showed some couple who had to buy a house in rutland and they weren't happy but that was all they could afford

rrskylar · #15 Posted **Mar 31, 2007, 10:29 PM**

Its been awhile since we have been informed about the Kelowna and Okanogan construction. Probably since last August when Mackeast went east, and wisla jerkoff (? Smirnoff or whatever) quit posting here. Any news on Kelowna construction would be most welcome!

wisla_krakow · #16 Posted **Sep 29, 2007, 11:12 PM**

Quote:

Originally Posted by rrskylar

Its been awhile since we have been informed about the Kelowna and Okanogan construction. Probably since last August when Mackeast went east, and wisla jerkoff (? Smirnoff or whatever) quit posting here. Any news on Kelowna construction would be most welcome!

Whoa, why all the hate?

smasher000 · #17 Posted **Apr 1, 2007, 1:48 AM**

OMG.. first surrey has its own sticky now kelowna does too?! i think we're being too generous!

vitc · #18 Posted **Apr 1, 2007, 7:41 PM**

No - I doubt it is higher yet. I would say Vic is still higher...with K not far behind...

SpongeG · #19 Posted **Apr 1, 2007, 10:31 PM**

i thought the average house price in vacnouver was now $625,000 or so

aastra · #20 Posted **Jun 19, 2007, 10:49 PM**

A couple of interesting Kelowna projects:

Invue
http://www.invue.ca/

Madison
http://www.madisonkelowna.com/main_site.html