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Kelowna Okanagan Land Market Report 2020 Q4

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The City of Kelowna has witnessed strong appreciation in land values in both price per unit and buildable square feet over the past year.

  • The sale price per unit saw strong averages. Wood frame multifamily saw units saw an average price of $50,000 per unit while concrete units saw an average of $66,000 per unit.
  • The average price per buildable square foot had a range of different prices in the Okanagan with downtown Kelowna sitting at $39.00, Penticton at $20.00, and West Kelowna at $15.00.

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Kelowna Okanagan Land Market Report 2020 Q4

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For More Information, Please Contact:

Chad Biafore

Vice President

Kelowna

Chad joined the Colliers Kelowna office in November 2006 after successfully managing and leasing properties for over 20 years. Chad’s specialty is in the development land division, however he also does Industrial leasing and sales, business and investment.

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