So far this year, 740 brand-new condo units have come onto the Kelowna real estate market.

Cities that don’t meet the housing target could face consequences from the province.

While sales slump, prices hold steady.

Some might assume someone famous is going to buy these mansions, but it’s usually someone whose wealth has a less glamorous origin.

He signed the deal to sell but got cold feet as housing prices surged.

“It’s nice to see these attempts to try to create a balance between this pressure to have more and more people living in Kelowna and the desire to have at least some natural aspects of our environment.”

The motel in the centre of Vernon has been around for decades.

Rents are capped at 30 per cent of incomes between $80,000 and $120,000 per year, or roughly $2,000 to $3,000 a month for the 78 units.