Okanagan Biz

Apartment block fetches $2.3M
Okanagan Edge Staff - 12:03 pm - Okanagan Biz

A Kamloops apartment building has sold for more than $2 million. Vancouver’s NAI Commercial reports that the multi-family rental located at 1221 Tranquille Rd. recently sold for $2.3 million. The building, known as Delereda, has 13 suites, and it is located near shopping and transit routes. The sale price worked out to $176,923 per door. […]

Faces of #OKGNtech
Accelerate Okanagan - 10:21 am - Okanagan Biz

A strong community can promote new ideas and ensure accountability. It can also act as motivation, support and even provide a little friendly competition. The power of community is undeniable, and the Okanagan tech community is no exception. Our community is strong and growing with record speed, and maintaining connections through a period of growth […]

Tax break for housing push?
Kristen Holliday - 9:33 am - Okanagan Biz

Kamloops city council has voted to adopt a bylaw incentivizing the construction of multi-family residential or mixed-use developments on old hotel or motel properties. The revitalization tax exemption bylaw will provide a 100% tax exemption over 10 years for properties across the city where older hotel or motel buildings are removed and replaced with a […]

Flowr shoots for profitability
Okanagan Edge Staff - Aug 05, 2022 - Okanagan Biz

The Flowr Corporation recently closed the sale of its Kelowna research and development facility to Hawthorne Canada, marking the latest in a string of cost-cutting efforts by the cannabis company to reach profitability. Flowr announced in February that it was selling its R&D building, which is located next to its primary growing facility in north […]

House prices fall yet again
Okanagan Edge Staff - Aug 05, 2022 - Okanagan Biz

For the first time in at least five years, the benchmark price of a single-family home in the Central Okanagan has dropped for the third month in a row. Association of Interior Realtors released its July report on Friday, and it featured even more evidence that the housing market has cooled off substantially in recent […]

Jobless rate remains low
Okanagan Edge Staff - Aug 05, 2022 - Okanagan Biz

Metro Kelowna’s unemployment rate did not change in July, sticking at exactly 4% and remaining as one of Canada’s lowest marks. It was the same story across the country, as Statistics Canada reported in its labour force survey that the nation’s unemployment rate also remained unchanged at a historic low of 4.9%. Kelowna’s mark of […]

New nightclub in Kamloops
Sydney Chisholm - Aug 05, 2022 - Okanagan Biz

 A big shift is coming to the Kamloops bar scene. A new nightclub called Nightshift on Fifth plans to open in the former CJs building later this month under the watchful eyes of two veteran Kamloops bar owners. Pup Johnston and Sherri Lynn King, owners of the Blue Grotto, have taken over the lease […]

Plaza 2900 finds its footing
Jon Manchester - Aug 05, 2022 - Okanagan Biz

Downtown Vernon’s 2900 Plaza 2.0 is proving to be a big success in its second year. The first iteration of the plaza in 2021, which closed the 2900 block of 30th Avenue to vehicles, turning the street into a pedestrian zone, suffered from stifling heat and smoky skies, but this year the Downtown Vernon Association […]

There are not millions of peaches
Madison Erhardt - Aug 05, 2022 - Okanagan Biz

It seems peaches are hard to come by across the Okanagan. The cooler start to the summer has halted some varieties of peaches, while other peaches are now just ready to pick. “The season is late. It is late maturing. We are still picking early Red Havens now and normally we would have wound them […]

Rent drops slightly in July
Okanagan Edge Staff - Aug 04, 2022 - Okanagan Biz

Rental prices in the Central Okanagan held steady while inventory increased in the month of July, according to Castanet classifieds statistics. The average prices for both one- and two-bedroom rentals both dropped slightly last month. The one-bedroom price fell to $1,581 in July, which was down from $1,596 in June. That was based on 69 […]