Tuesday, February 7, 2023
Home New Release Building boom continues in Vernon, B.C.

Building boom continues in Vernon, B.C.

It seems Vernon, B.C.’s building boom is going strong.

2022 was another banner year for the city in terms of building permit values.

The city issued more than $200 million worth of new permits, smashing the last record of $173 million set in 2021.

Read more:

Vernon, B.C. breaks building permit record in 2021

Read next:

Air Canada says no, then gives customer credit after booking error

Lots of new building permits is good news for those concerned about the city’s serious housing shortage, but Vernon’s mayor knows it’s not enough to fix the city’s housing affordability problems.

“[We’ve been] successful at doing things but not at the pace we need here in Vernon,” Mayor Victor Cumming said.

Story continues below advertisement

There is more development on the horizon including a major project on Alexis Park Drive called The Hills that would see three 10-storey towers built.

The project is being proposed by Edmonton-based Josan Properties.

The company’s president, Raka Josan, said the current plan is for two rental buildings and a strata tower. The complex is expected to have a two-storey underground parkade and retail spaces.

Read more:

First client accepted at Kelowna, B.C.’s new complex care home facility

Read next:

‘Scariest thing I’ve ever seen’: Edmonton-made horror film Skinamarink breaks a million at the box office

“It is an exciting project. We’ve got a really nice product that we are building there: rooftop patio, hot tub, lots of amenities,” said Josan.

If built, the towers will become Vernon’s tallest residential buildings and create nearly 300 new apartments.


A rendering of The Hills development proposed for Alexis Park Drive in Vernon, B.C. If built, the planned ten-story towers would be the city’s tallest residential buildings.


Courtesy: Josan Properties

Josan said his company is trying to build as many units as possible as the development in the Okanagan hasn’t kept pace with the population growth.

Story continues below advertisement

“There is definitely a lack of housing in the city: lack of affordable housing, lack of market rental, just a lack of housing overall,” noted Josan.

Josan says if the city wants to attract even more development it should consider hiring more staff.

“There is a severe shortage of staffing and that’s causing the process to be prohibitively long. I would say, it took us over a year, probably about 14 months, just to get our development permit,” Josan said.

Read more:

Diamond magnate’s attempt to block Kelowna development kiboshed by B.C.’s highest court

Read next:

‘Is this real?’: Quick pick the key to $60M Lotto Max jackpot for Richmond Hill woman

However, even if projects are quickly processed, construction takes time.

The Hills project is not expected to break ground until at least 2024, with the first units ready for 2026.

Josan said the company had hoped to start construction in 2023, but is putting off the project for now, due to the rising cost of materials, labour and high-interest rates.

It’s an illustration of why the housing shortage is so challenging to address.

&copy 2023 Global News, a division of Corus Entertainment Inc.

- Advertisment -

Most Popular

Cree woman leads initiative making over 100 red ribbon skirts for families of MMIWG

Jamie Smallboy remembers being on the brink of giving up after struggling with addiction, becoming homeless and being told she could never see her...

Amazon’s Luna game streaming service has lost a lot of games recently

/ Is the catalog staying fresh or is it just inconsistent? Image: The VergeLuna, Amazon’s cloud game streaming service, is set to lose...

Google announces ChatGPT rival Bard, with wider availability in ‘coming weeks’

/ Google is working on a competitor to OpenAI’s chatbot ChatGPT. The ‘experimental conversational AI service’ is called Bard and is only being...

Google Canada starts layoffs as parent company cuts 12,000 workers globally

Google sent layoff notices on Monday to affected Canadian employees after its parent company Alphabet announced earlier this year it was cutting 12,000 of...