Housing

Credit cards are displayed in Montreal, Wednesday, Dec. 12, 2012. Equifax says the debt profile of Canadians has changed throughout the pandemic, with mortgages accounting for a larger portion of people’s debt. THE CANADIAN PRESS/Ryan Remiorz

Consumer debt driven by new mortgages, but credit card debt at six-year low

Potential exists that first-time homebuyers are starting to get priced out of the market

Credit cards are displayed in Montreal, Wednesday, Dec. 12, 2012. Equifax says the debt profile of Canadians has changed throughout the pandemic, with mortgages accounting for a larger portion of people’s debt. THE CANADIAN PRESS/Ryan Remiorz
The RBC Royal Bank of Canada logo is seen in Halifax on Tuesday, April 2, 2019. THE CANADIAN PRESS/Andrew Vaughan

RBC CEO wants policy-makers to tackle lack of housing supply pushing up prices

New mortgage stress rules come into effect on June 1

The RBC Royal Bank of Canada logo is seen in Halifax on Tuesday, April 2, 2019. THE CANADIAN PRESS/Andrew Vaughan
Bank of Canada Governor Tiff Macklem takes part in a news conference at the Bank of Canada in Ottawa on Tuesday, Dec. 15, 2020. THE CANADIAN PRESS/Sean Kilpatrick

Bank of Canada warns of rising risks from household debt, and a hot housing market

Many households have taken on large mortgages compared with their income

Bank of Canada Governor Tiff Macklem takes part in a news conference at the Bank of Canada in Ottawa on Tuesday, Dec. 15, 2020. THE CANADIAN PRESS/Sean Kilpatrick
The real estate market is hot in Vernon, and across the Okanagan. (John Dent photo)

North Okanagan home prices, demand continue to build

Single family home volumes up 200 per cent, worth average $647,000

The real estate market is hot in Vernon, and across the Okanagan. (John Dent photo)
New homes are built in a housing construction development in the west end of Ottawa on Thursday, May 6, 2021. NDP Leader Jagmeet Singh is pledging a hefty foreign home buyers’ tax and “massive” investment in housing to chill a white-hot real estate market.THE CANADIAN PRESS/Sean Kilpatrick

NDP promises foreign buyers’ tax, half a million new homes to cool housing market

Market watchers say a countrywide tax on non-resident homebuyers amounts to a ham-fisted approach

New homes are built in a housing construction development in the west end of Ottawa on Thursday, May 6, 2021. NDP Leader Jagmeet Singh is pledging a hefty foreign home buyers’ tax and “massive” investment in housing to chill a white-hot real estate market.THE CANADIAN PRESS/Sean Kilpatrick
A new home is built in a housing development in Ottawa on Tuesday, July 14, 2020. THE CANADIAN PRESS/Sean Kilpatrick

Annual pace of housing starts posts 21.6 per cent increase in March

CMHC says the six-month moving average of the monthly seasonally adjusted annual rates was 273,664 in March

A new home is built in a housing development in Ottawa on Tuesday, July 14, 2020. THE CANADIAN PRESS/Sean Kilpatrick
Salmon Arm Homes for Rent/Sale Etc. is a popular Facebook page used by those with places for rent and people in need of them. (Lachlan Labere-Salmon Arm Observer)

Carpenter building homes in Salmon Arm unable to find place to rent

Property manager says it’s easier to find work in Salmon Arm than a place to live

Salmon Arm Homes for Rent/Sale Etc. is a popular Facebook page used by those with places for rent and people in need of them. (Lachlan Labere-Salmon Arm Observer)
A dispute about repairs to a retaining wall at a Summerland strata was decided at a Civil Resolution Tribunal. (John Arendt - Summerland Review)

Summerland retaining wall dispute reaches Civil Resolution Tribunal

Issue arose in disagreement over who is responsible for wall repairs

A dispute about repairs to a retaining wall at a Summerland strata was decided at a Civil Resolution Tribunal. (John Arendt - Summerland Review)
The next phase of Lakestone includes 57 units extending from Beacon Hill Drive. (District of Lake Country)

Lakestone develops more homes in Okanagan

Next phase include 57 unit in Beacon Hill Drive extension

The next phase of Lakestone includes 57 units extending from Beacon Hill Drive. (District of Lake Country)
Housing is scarce across B.C., and what housing there is isn’t always affordable. (File photo)

EDITORIAL: Housing prices and supply affect our communities

Shortage of affordable housing an issue around B.C.

  • Apr 3, 2021
Housing is scarce across B.C., and what housing there is isn’t always affordable. (File photo)
A shot of the sunset from Ambrosia’s second floor. (Sarah Martin - LSCSS Photo)

Affordable housing complex rising up to second-storey in Similkameen community

Ambrosia will see the village of Keremeos’ first elevator

A shot of the sunset from Ambrosia’s second floor. (Sarah Martin - LSCSS Photo)
A proposed addition to La Vista in Summerland has been rejected by Summerland council. The proposal called for a four-storey, 17-unit building. (John Arendt - Summerland Review)

Summerland council rejects seniors housing expansion

Proposal called for four-storey, 17-unit building at La Vista

A proposed addition to La Vista in Summerland has been rejected by Summerland council. The proposal called for a four-storey, 17-unit building. (John Arendt - Summerland Review)
Housing isn’t being built fast enough to quell Salmon Arm’s current hot real estate market in which realtors are seeing an increasing number of homes for sale receive multiple bids, often with few or any subject-to clauses. (Lachlan Labere-Salmon Arm Observer)

Salmon Arm experiencing ‘unprecedented’ sellers’ housing market

Realtors seeing homeowners receive several bids, homes selling for more than asking price

Housing isn’t being built fast enough to quell Salmon Arm’s current hot real estate market in which realtors are seeing an increasing number of homes for sale receive multiple bids, often with few or any subject-to clauses. (Lachlan Labere-Salmon Arm Observer)
This conceptual rendering shows 60 units of student housing at the Salmon Arm campus of Okanagan College expected to be constructed in 2022. (Okanagan College image)

Student housing to be built on Okanagan College Salmon Arm campus

Province announces 60 beds to help ease housing shortage in community

This conceptual rendering shows 60 units of student housing at the Salmon Arm campus of Okanagan College expected to be constructed in 2022. (Okanagan College image)
Salmon Arm Council will be considering on March 10, 2021 approval of the placing of a notice warning of building bylaw infractions on a local property. (File photo)

City of Salmon Arm takes action on reported building bylaw infractions

If final approval given by council, notice will alert prospective buyers to outstanding issues

Salmon Arm Council will be considering on March 10, 2021 approval of the placing of a notice warning of building bylaw infractions on a local property. (File photo)
Older rental apartments are prime candidates for renovations, and could result in lost affordable housing stock. (Zoë Ducklow photo)

B.C.’s renoviction overhaul a good start, but won’t preserve affordable stock, lawyer says

And still no protection for people who can’t pay rent due to COVID-19

Older rental apartments are prime candidates for renovations, and could result in lost affordable housing stock. (Zoë Ducklow photo)
The Columbia Shuswap Regional District has received a grant for the completion of housing reports for Electoral Areas B, D, and F. (Gerry Leibel photo)

Grant allows Columbia Shuswap Regional District to finish housing reports

Study toidentify issues such as affordability and accessibility specific to Areas B, D and F

The Columbia Shuswap Regional District has received a grant for the completion of housing reports for Electoral Areas B, D, and F. (Gerry Leibel photo)
Larch Place is the first building to be built in the BC Housing, Canadian Mental Health Association housing project at the corner of Third Street SW and Fifth Avenue SW. This view is from the Shuswap Street side where it sits behind the Graystone East building. (File photo)

Opening of doors at new housing development in Salmon Arm welcomed

BC Housing announces opening of 32 rental units, with 35 more expected in summer 2021

Larch Place is the first building to be built in the BC Housing, Canadian Mental Health Association housing project at the corner of Third Street SW and Fifth Avenue SW. This view is from the Shuswap Street side where it sits behind the Graystone East building. (File photo)
An approximation of what BC Housing would like to construct on two sites in Vernon for homeless housing. (BC Housing photo)

Need for all housing identified by Vernon Mayor

‘As Mayor of Vernon, the last thing I want to see is a moratorium on supportive housing projects’

  • Feb 23, 2021
An approximation of what BC Housing would like to construct on two sites in Vernon for homeless housing. (BC Housing photo)
https://www.investkelowna.com/

Kelowna area is the fastest growing in B.C.

The Kelowna CMA is also the fourth fastest growing in Canada

https://www.investkelowna.com/