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In just 2 months since our last update, excellent progress has been made at the site of Five Crossings. This extremely successful residential project was funded by our Five Bridges Development Project investment and sold out during its launch weekend in May 2023.

In just 2 months since our last update, excellent progress has been made at the site of Five Crossings and Revo Kelowna Rise Development Project opened sales this fall to become the fastest selling new development in Kelowna for 2023

Momentum is building for the Five Bridges Development Project, as demand continues to remain strong, and comparable prices for similar-sized existing suites continue to appreciate.

Housing costs are a common and sometimes controversial topic of conversation in Kelowna these days, as the real estate market continues to boom.

We have achieved three significant milestones over the last two weeks and congratulate the development team on the excellent progress to date.

We have a breakdown of the numbers for real estate sales in July 2021 in Kelowna, British Columbia.

According to a housing supply report released by Scotiabank in May 2021, Canada is suffering from a “chronic inefficiency”, offering a mere 424 units per 1000 residents, the fewest compared against all other G7 nations