Industry booms with 7000 jobs created and $400 million in wages during record year in Kelowna - InfoNews

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Industry booms with 7000 jobs created and $400 million in wages during record year in Kelowna

25th annual Tommie Awards will take place on January 28, 2017.
Image Credit: CHBA Central Okanagan
January 17, 2017 - 12:30 PM

Kelowna B.C. On January 28, 2017 the Canadian Home Builders Association (CHBA) Central Okanagan will be holding its 25th annual Tommie Awards. The sold out awards ceremony received a record number of entries this year as 200 finalists will be competing for 39 awards.

The Tommie Awards showcase the industry and has grown into a first class event attracting interest and recognition from beyond the Okanagan region. The Tommie Award has been recognized as a symbol for excellence bringing together the finest industry members and celebrating their achievements and commitment to setting the highest of industry standards.

New Home Construction is essential to Kelowna’s economic strength and prosperity. Canada Mortgage and Housing Corporation (CMHC) Senior Market Analyst, Taylor Pardy says, “Housing starts in Kelowna finished the year strong. Overall, the number of new homes that got underway in 2016 exceeded the 2015’s total housing starts by 72 per cent.”

The CMHC Housing Starts Report is available here and shows that total housing starts were up to 2,196 for 2016 compared to 1,280 in 2015. This translates into close to 7000 onsite/offsite jobs created in Kelowna, more than $400 Million in wages that show up in purchases across the entire local economy and more than $800 Million in investment value.

“CHBA members are industry leaders always striving for excellence and providing the best possible home for their buyers.” says Justin O’Connor, Sales Representative, Sotheby’s International Realty Canada, President of CHBA Central Okanagan, “We encourage consumers to ask whether they are working with a CHBA member to ensure highest quality in customer satisfaction.”

The CHBA Central Okanagan recognizes its members for the substantial contributions they make within the industry and the community providing jobs, setting industry standards and advocating on behave of home buyers to make purchasing a home more attainable.

“People want to live in the Okanagan.” says O’Connor, “It’s a very unique market because of everything it offers. The Okanagan lifestyle is highly desired it’s a place many people imagine themselves settling down.”

Within this unique and highly sought after market CHBA has been striving to protect integrity of the industry. The organization works on three separate levels; local, provincial and national. All three levels have always worked closely together to ensure housing is both high in quality and attainable.   This translates to the consumer who can rely and a quality product.

Awards range from Excellence in Single Family Detached Home to Excellence in Innovative Architecture/Design and Construction, Best Environmental Initiative in Construction (Residential or Commercial) and more.

To see a full list of awards and finalist click here.

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News from © InfoTel News Ltd, 2017
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