Why is kelowna so expensive

For years, Kelowna city council has tried to counter low vacancy rates by encouraging developers to build more rental units. That approach has worked for people looking for one or two bedroom apartments, but not for growing families who need more room. Housing Minister David Eby says units of mixed-use subsidized housing are currently under construction in Kelowna. Decisions made by previous federal and provincial governments, he says, encouraged ineffective private-market solutions.

And, of course, here we are. Sarah Anderson had hoped to escape the so-called "rental trap" by buying a home, but the barriers keep piling up. Not only have prices increased, but there are fewer homes than usual on the market, and new listings attract unconditional offers above the asking price. Kelowna city staff will be presenting a rental housing grant recommendation to council at its next meeting, with a plan to encourage the development of a unit affordable housing project.

Read more: City of Kelowna still waiting for money from speculation tax, mayor says. It would house seniors and others on fixed and low incomes. Twenty per cent of the units would be deeply subsidized, according to the society. World Canada Local. Kelowna named 6th most expensive rent market in Canada.

Would you like to live and work in Kelowna? Find a Remote Job. React Developer - Remote. Dutch Ad Strategist - Barcelona. German Customer Service Agent - Lisbon. View More Jobs on Numbeo. Moving to Kelowna? A house under construction in Clifton Road area of Kelowna. July 31, - PM. Her father died when she was 13 and she volunteered shortly afterw. Majority of boaters, floaters in North Okanagan, Shuswap were breaking the rules this summer A report from the B.

Conservation Officer Service found the vast majority of people on the water in the North Okanagan and Shuswap this past summer were breaking the rules. The highest rat.