City of Kelowna Lifts Okanagan Residential Permit Values in the First Quarter of 2017

City of Kelowna Lifts Okanagan Residential Permit Values in the First Quarter of 2017

2017 Quarter One Okanagan Community Interactive Residential Permitted Housing Unit Trends Report

Forward: See the above slide show for a visual representation of the trends discussed in this article.

 

The City of Kelowna permitted the construction of 822 new housing units to be built in the first quarter of 2017, nearly half of all residential units permitted by the City in 2016! Naturally, the collective value of residential permits across Central and North Okanagan communities is off to a strong start in 2017 by comparison to recent years, totaling $212,656,855 in the first quarter.

Notably, the upticks in the city of Kelowna’s residential construction market continues to be influenced by increases in the construction of housing products outside of the traditional family home market – this includes apartment condos, apartment rentals and senior living apartment facilities.

In other Central and North Okanagan communities both the number of and value of permitted housing units remained relatively consistent with previous quarters but strong in 2017 by historical comparisons.

 

Want to find out the value of new residential construction investment that took place in your own (or any) Okanagan community in the first quarter of 2017? Check out the following interactive map!

 

Central and North Okanagan Residential Permit Values Community Interactive Map: 2017-Q1

 

Disclaimer: Although the data analyzed have been produced and processed from sources believed to be reliable, no warranty expressed or implied is made regarding accuracy, adequacy, completeness, legality, reliability or usefulness of this articles information.

Post A Comment

YOUR CAPTCHA HERE