Concerns are growing that new home prices in Kelowna may be going up thanks to a new tax that may be imposed on developers.
Many argue that in Kelowna, they’re already pricey enough–newly built homes. But buying a new home in the central Okanagan may soon cost even more. The city is planning to charge developers more fees which in turn would likely be passed on to buyers. As Klaudia Van Emmerik reports, that is raising some serious concerns about housing attainability and affordability.