Kelowna Construction - Page 16

Ogopogo Fan · #**301** Posted **Apr 17, 2009, 12:25 AM**

The old CN Rail station has been sold and will be converted into a pub/restaurant. I always wanted to do that...

raggedy13 · #**302** Posted **Apr 27, 2009, 9:13 PM**

Quote:

Originally Posted by wisla_krakow

Quote:

Reid says she believes buildings of that height may be appropriate for other areas of the city, but not the downtown core.

Wow, that is just ridiculous.

Calgarian · #**303** Posted **Apr 28, 2009, 11:21 PM**

Can't wait to see all the changes in Kelowna when I visit this summer.

rrskylar · #**304** Posted **Apr 28, 2009, 11:31 PM**

^ Wow 4 posts in two weeks on this thread! It hasn't been this active since Mackeast frequented here!

Calgarian · #**305** Posted **Apr 29, 2009, 5:06 AM**

New exposure to Alberta posters again should help this thread a bit.

hollywoodnorth · #**306** Posted **May 1, 2009, 11:57 AM**

Bhya!!!!

Ogopogo Fan · #**307** Posted **May 3, 2009, 7:48 PM**

couple developments in South Pandosy area:

Sopa Square

http://www.sopasquare.ca/
http://adrianphotographyca.blogspot....pa-square.html

Osprey Ave...

Calgarian · #**308** Posted **May 7, 2009, 4:34 AM**

What is the real estate market like in Kelowna these days?

wisla_krakow · #**309** Posted **May 7, 2009, 5:42 AM**

Quote:

Originally Posted by Calgarian

What is the real estate market like in Kelowna these days?

Down quite a bit I think. To be honest I haven't been looking at prices for a while, but I'm going to guess they're down about 25% or so.
Rental prices are still extreme, but they'll be going down soon because there are sooooooooo many vacant condos that people tried to make a quick buck on.
For example, MiraVista is like 400 or something units in downtown West Kelowna, and from friends who live there, like 50-75% are vacant.
Also, the big condo development near my house is on hold. So far they have the 300-350 unit 6 story building done, but that thing is even emptier than MiraVista.

wisla_krakow · #**310** Posted **May 8, 2009, 7:07 PM**

Housing starts off 92 per cent in 2009

A slump in the multi-family development market has contributed to a major slide in new home construction in the Central Okanagan.

April figures provided by Canada Mortgage and Housing Corporation show housing starts in Kelowna fell 88% compared to the same month in 2008.

Last month, housing starts totaled 29 single detached homes. In April of 2008, 80 single detached and 169 multi-family homes were started.

Over the first four months of the year, housing starts in the Central Okanagan are off 92% from the first four months of 2008.

So far, 101 housing starts have been recorded in 2009, compared to more than 1,200 a year ago.

"Reduced demand in combination with rising inventories of completed and unsold new home have led to fewer housing starts this year," says CMHC Markey Analyst, Paul Fabri.

"Builders are also facing much stronger price competition from a well supplied existing home market. Looking ahead, expect Kelowna new home construction to moderate from the record levels of the past few years."

Fabri says home buyers can continue to expect to see lower prices, favourable interest rates and a good selection of new and existing homes in 2009.

Across the region, housing starts in Penticton over the first four months of 2009 fell off 64%, Vernon 45% and Kamloops 42%.

http://castanet.net/edition/news-sto...8-6-.htm#46818

240glt · #**311** Posted **May 8, 2009, 8:34 PM**

^ It's obviously the popular investment & recreation areas that are hit most.

2-3 years ago my realtor friend in lake country was getting half a dozen phone calls a day from Albertans looking to buy. Now she's getting calls from Albertans desperate to sell. Of course most of the sellers still want to turn a profit on a place they bought at inflated values. Idiots.

wisla_krakow · #**312** Posted **May 22, 2009, 4:41 AM**

GOOD NEWS!
The old farts still run kelowna, and things will never change for the better until they die off.

Ogopogo Fan · #**313** Posted **May 24, 2009, 5:41 PM**

Quote:

Originally Posted by wisla_krakow

GOOD NEWS!
The old farts still run kelowna, and things will never change for the better until they die off.

What brought this on? the A&B Nightclub being shot down?

I've heard a much cooler alternative is in the works

wisla_krakow · #**314** Posted **May 24, 2009, 6:38 PM**

Quote:

Originally Posted by Ogopogo Fan

What brought this on? the A&B Nightclub being shot down?

I've heard a much cooler alternative is in the works

That, and they're canceling events, and people want the Knox Mountain Hill Climb to go. It's just not a fun city. It feels like the only accepted activities are hiking and golf.

clooless · #**315** Posted **May 25, 2009, 12:06 AM**

What events have been canceled?

Sorry, haven't been following the local news for a while.

wisla_krakow · #**316** Posted **May 25, 2009, 5:07 AM**

Well Wakefest was supposed to go on again, but under a new name and management, but that was nixed. The Regatta from a couple years ago is gone... stuff like that.

clooless · #**317** Posted **May 25, 2009, 5:27 AM**

Ah, I see. Just the usual lack of fun for Kelowna.

Thanks.

Ogopogo Fan · #**318** Posted **Jun 3, 2009, 4:23 AM**

24's new website is up:

www.24kelowna.com

wisla_krakow · #**319** Posted **Jun 3, 2009, 11:44 PM**

holy I hope this building gets built. It's in a perfect location.

giallo · #**320** Posted **Jun 5, 2009, 2:36 AM**

Yeah, it's a really nice development.
What are the chances of this happening though? Kelowna has a glut of new apartments at the moment.