Hundreds more rental apartments planned for Kelowna - InfoNews

Current Conditions

Mostly Cloudy
17.0°C

Hundreds more rental apartments planned for Kelowna

Image Credit: ADOBE STOCK
January 11, 2019 - 3:05 PM

KELOWNA - Kelowna city council is being asked to forego $320,000 in taxes to help build 395 new rental housing units in 2019.

Kelowna’s rental vacancy rates improved in 2018 but still sat at a low 1.9 per cent of all rental units by last fall. That’s an improvement from 0.2 per cent the year before due, in part, to the city providing rental housing grants.

While the overall vacancy rate is better, there’s still a shortage, particularly, of two-bedroom units with a vacancy rate of 0.9 per cent, states a report going to council on Monday, Jan. 14.

The city has set a goal of 400 new rental housing units each year, with some of those designated as affordable or subsidized. In order to qualify for the grants, owners have to sign an agreement to keep the units in the rental market for a minimum of 10 years.

The six applications going to council on Monday include 189 units defined as affordable. Those include 49 units on Highway 33, 40 on Cawston Avenue, 36 on Sutherland Avenue and 64 on Benvoulin Court.

Market rental projects include 31 units on Pacific Avenue and 175 on Drysdale Boulevard.


To contact a reporter for this story, email Rob Munro or call 250-808-0143 or email the editor. You can also submit photos, videos or news tips to the newsroom and be entered to win a monthly prize draw.

We welcome your comments and opinions on our stories but play nice. We won't censor or delete comments unless they contain off-topic statements or links, unnecessary vulgarity, false facts, spam or obviously fake profiles. If you have any concerns about what you see in comments, email the editor in the link above. 

News from © InfoTel News Ltd, 2019
InfoTel News Ltd

  • Popular kelowna News
  • Comments
  • Enderby senior wins court battle against TD Bank
    ENDERBY - An Enderby senior has won a legal battle against TD Bank after a judge ruled the multi-national's actions had prevented him from renting out his trailer for $600 a month. Repre
  • iN VIDEO: Ryan Shtuka documentary now available online
    KAMLOOPS —  A documentary that focuses on the search of a missing Alberta man who vanished from a Kamloops area ski resort in February 2018  is now available to watch on YouTube.
  • iN VIDEO: Cyclists wipe out on Highway 97
    PENTICTON - Cyclists had a close call on the highway this morning as the 2019 Prospera Granfondo Axel Merckx Okanagan race got underway. The annual competition started at Gyro Park in P
  • Man got feet caught in propeller in Penticton boating accident
    PENTICTON - A man was taken to hospital with serious leg injuries after getting his feet tangled in a boat propeller on Sunday. Penticton Fire Chief Larry Watkinson says members responded to
  • Highway 97 crash east of Falkland leaves one dead
    NORTH OKANAGAN - A man in his sixties has died in a fatal vehicle collison on Highway 97 east of Falkland. According to an E Division Traffic Services RCMP media release, the fatal crash too
View Site in: Desktop | Mobile