{"id":8600,"date":"2026-06-27T10:00:00","date_gmt":"2026-06-27T17:00:00","guid":{"rendered":"https:\/\/infonews.ca\/?p=7719653"},"modified":"2026-06-27T10:00:16","modified_gmt":"2026-06-27T17:00:16","slug":"in-numbers-looking-at-okanagan-condo-inventory-in-wake-of-pms-controversial-buyout-plan","status":"publish","type":"post","link":"https:\/\/infonews.ca\/inhome\/news\/8600\/in-numbers-looking-at-okanagan-condo-inventory-in-wake-of-pms-controversial-buyout-plan\/","title":{"rendered":"iN NUMBERS: Looking at Okanagan condo inventory in wake of PM&#8217;s controversial buyout plan"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Premier David Eby said the plan announced by Prime Minister Mark Carney to buy vacant condos and put them into a rent-to-own system could work in the Okanagan, Fraser Valley and Vancouver Island. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The details of the plan are <a href=\"https:\/\/infonews.ca\/inhome\/news\/8585\/eby-says-condo-buy-up-is-not-a-bailout-and-wont-aid-city-of-vancouver-developers\/\">pretty fuzzy, and it has already stirred up controversy<\/a>, especially from opposition parties.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">What is clear looking at the numbers is Kelowna has a stock of hundreds of empty condos, and the surrounding cities only dozens up for grabs.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Here are the numbers from the <a href=\"https:\/\/www03.cmhc-schl.gc.ca\/hmip-pimh\/en\/TableMapChart\/TableMatchingCriteria?GeographyType=Province&amp;GeographyId=59&amp;CategoryLevel1=New%20Housing%20Construction&amp;CategoryLevel2=Inventory%20of%20Completed%20and%20Unabsorbed%20Units%20%28Homeowner%20%2B%20Condo%29&amp;ColumnField=18&amp;RowField=25&amp;MetType=FiftyKPlus\" target=\"_blank\" rel=\"noopener\">Canada Mortgage and Housing Corporation<\/a> and the <a href=\"https:\/\/www.interiorrealtors.ca\/market-statistics\/\" target=\"_blank\" rel=\"noopener\">Association of Interior Realtors<\/a>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1.5: <\/strong>Billion dollars. That\u2019s the amount of money the federal and provincial government plan to spend to buy vacant condos and make them more affordable.<\/li>\n\n\n\n<li><strong>7,502: <\/strong>That\u2019s how many condos are unsold in all of B.C. as of May.<\/li>\n\n\n\n<li><strong>2,200<\/strong>: That&#8217;s how many condos the government plans to buy in B.C.<\/li>\n\n\n\n<li><strong>760: <\/strong>That\u2019s how many condos are completed but unsold or unoccupied in Kelowna as of May.<\/li>\n\n\n\n<li><strong>57:<\/strong> That\u2019s how many condos are completed but unsold or unoccupied in West Kelowna as of May.<\/li>\n\n\n\n<li><strong>99: <\/strong>That\u2019s how many condos are completed but unsold or unoccupied in Lake Country as of May.<\/li>\n\n\n\n<li><strong>25:<\/strong> That\u2019s how many condos are completed but unsold or unoccupied in Kamloops as of May.<\/li>\n\n\n\n<li><strong>30:<\/strong> That\u2019s how many condos are completed but unsold or unoccupied in Vernon as of May.<\/li>\n\n\n\n<li><strong>498,200:<\/strong> That\u2019s the benchmark price for condos in the Central Okanagan in May, according to the Association of Interior Realtors.<\/li>\n\n\n\n<li><strong>322,100: <\/strong>That\u2019s the benchmark price for condos in North Okanagan in May.<\/li>\n\n\n\n<li><strong>378,900:<\/strong> That\u2019s the benchmark price for condos in Kamloops in May.<\/li>\n\n\n\n<li><strong>449,300:<\/strong> That\u2019s the benchmark price for condos in South Okanagan in May.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>What are your thoughts on this plan?<\/p>\n","protected":false},"author":547,"featured_media":7632,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"guid":"","source":"","byline":"","published":"","updated":"","_infotelid":"","_prepressid":"","_multisite_post_sync":"","_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1680,541,543],"tags":[],"region":[322,323,324,325],"class_list":["post-8600","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-local","category-topnews","region-kamloops","region-kelowna","region-penticton","region-vernon"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":7}},"parsely":{"version":"1.1.0","canonical_url":"https:\/\/infonews.ca\/inhome\/news\/8600\/in-numbers-looking-at-okanagan-condo-inventory-in-wake-of-pms-controversial-buyout-plan\/","smart_links":{"inbound":0,"outbound":0},"traffic_boost_suggestions_count":0,"meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"iN 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Tomas"],"publisher":{"@type":"Organization","name":"iNhome","logo":""},"keywords":[],"dateCreated":"2026-06-27T17:00:00Z","datePublished":"2026-06-27T17:00:00Z","dateModified":"2026-06-27T17:00:16Z"},"rendered":"<script type=\"application\/ld+json\" class=\"wp-parsely-metadata\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"iN NUMBERS: Looking at Okanagan condo inventory in wake of PM&#8217;s controversial buyout 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