Doing Business in Kelowna
Construction

The construction industry has rebounded significantly over the past two years with building permit values on pace to surpass the levels experienced during the early 1990’s boom. Housing starts are increasing as the demand continues to build and with that housing prices are increasing at levels not seen in our region previously.

>pThe Multiple Listing Service provides a comprehensive listing of all of the MLS properties currently offered for sale through the Realtors of the Okanagan Mainline Real Estate Board. The OMREB website also provides additional information regarding the housing market in the region, listings of real estate agents and offices.

Canada Mortgage and Housing Corporation is the Government of Canada’s national housing agency, helping Canadians gain access to a wide choice of quality, affordable housing. Their website has a vast array of information including specific information on regional housing markets, buying or renting a home, mortgage information, insurance, programs and financial assistance.

BC Assessment provides uniform property assessments that form the basis for local and provincial taxation while providing information to assist people when making real estate decisions. Details property information is also made available through BC OnLine, an information service that provides customers with convenient, affordable access to a number of government databases, including the BC Assessment Property Database.

BC Housing is a provincial crown agency that develops, manages and administers a wide range of subsidized housing options across the province.

The Canadian Home Builders’ Association of Kelowna is a non-profit volunteer organization of dedicated individuals whose leadership works with all levels of government with a common mission: a dedication to quality and value in residential construction and renovation industry. Their website provides information regarding building or renovating a home, listing of builders, designers/architects, developers and more.

Contacts for local municipal government planning and inspection departments can be found on our government contact page.

For a more complete picture of the construction and housing industry in our region please download the Construction Industry section from our Economic Profile.

Construction Sector



Central Okanagan Number of Building Permits Value of Building Permits
2003 YTD OCT 2,549 $79,719,117
2002 2893 $251,418,842
2001 2,376 $215,283,183
2000 2,308 $174,423,299
1999 2,338 $189,145,050
1998 2,244 $178,357,700

Year Houses Row & Semi-Detached Units Apartments& Condos Total Average New House Price(Kelowna)
1990 1,257 203 608 2,068 $124,428
1991 1,294 300 623 2,217 $135,030
1992 1,484 372 763 2,619 $159,009
1993 1,149 238 584 1,971 $174,901
1994 918 321 255 1,494 $177,632
1995 776 262 167 1,205 $179,955
1996 859 216 307 1,382 $180,000
1997 988 321 427 1,736 $190,000
1998 751 88 0 848 $190,000
1999 675 108 96 879 $200,000
2000 602 173 154 929 $225,000
2001 625 181 305 1,111 $260,000
2002 987 173 430 1,590 $265,400
2003 YTD (Sep) 832 90 418 1,340 $269,700

Year Home Sales Median Price
1999 2,539 $168,900
2000 2,418 $175,000
2001 2,187 $180,000
2002 2,745 $189,000
2003 1,996 $215,000
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Invest Kelowna represents the Economic Development Commission in the Okanagan. Business opportunities are available in Kelowna BC, Vernon BC, Westbank, Kamloops, Penticton, Osoyoos, to Peachland, Lake Country and Western Canada. We are located in the city of Kelowna. Working to enhance the economy of the Central Okanagan by enhancing and assisting existing businesses and meeting the needs of potential investors.

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