Community Profile & Investment Guide

Total Page:16

File Type:pdf, Size:1020Kb

Community Profile & Investment Guide Community Profile & Investment Guide September 2019 The Dawson Creek Opportunity Opportunities in industry, adventure, recreation, and education all demonstrate Dawson Creek as “the Capital of the Peace” in Northeastern British Columbia. World-class entertainment and recreation facilities coupled with steadily growing employment markets and low housing costs make Dawson Creek a prime location to grow both your family and business. Add to that the stunning natural beauty enjoyed in the South Peace region’s foothill scenery, and you have an undeniable recipe for a great quality of life. Dawson Creek, the “Capital of the Peace” in Northeastern British Columbia. www.dawsoncreek.ca 2 Welcome to Dawson Creek Welcome to Dawson Creek .............. 3 History .......................................................... 4 Mayor's Message ........................................ 5 Ideal Quality of Life .................................... 6 Abundant Opportunities .......................... 7 Transportation ............................................ 8 he Community Profile and Investment Quick Facts ................................................... 9 TGuide for the City of Dawson Creek Core Infrastructure ...................................10 summarizes the economic well-being of the Investing in Water .....................................11 community and intends to give prospective investors, residents and entrepreneurs an overview of the character and potential of A Diverse, Growing Workforce ...... 12 Dawson Creek and its service area. It is a Labour Market ...........................................12 publication of the City of Dawson Creek that compiles local statistics and information to A Great Place to Invest .................... 14 promote economic development. Oil & Gas .....................................................14 This data has been obtained from a variety Renewable Energy ....................................16 of sources, including Statistics Canada, BC Forestry ......................................................17 Statistics, provincial government agencies and Mining .........................................................17 municipal records. Tourism .......................................................18 If you require additional information not Travel Tourism .......................................18 addressed in this profile, or if you require Event & Sport Tourism .........................19 further assistance to advance your business Agriculture Sector ....................................20 undertakings, please call City Hall at Development .............................................22 250-784-3600. For more information, contact the City of A Great Place to Live ....................... 24 Dawson Creek. Arts, Culture, Recreation .........................24 www.dawsoncreek.ca Education ...................................................30 [email protected] Housing ......................................................32 10105-12A Street, V1G 3V7 Public Services ..........................................34 This publication is produced by New Harvest Media Inc. (www.newharvest.ca) For More Information ..................... 40 Photos copyright of New Harvest Media Inc. and Peace photoGraphics Inc. 3 Alexander Mackenzie explores the Peace River Region Read more at dawsoncreek.ca/history 1793 History Simon Fraser establishes trading posts in Fort St. John & Hudson's Hope 1805 George Mercer Dawson explores the Dawson Creek area "The grass is in some places as high as the horses' bellies and is already ripe and turning brown at the 1880 Tremblay family moves to Pouce Coupe area tops." and opens trading post and post oce. - George M. Dawson, August 12, 1880 1906 Oil seeping discovered by young man checking trap lines near Rolla 1914 Natural gas discovered near Rolla while drilling for oil. 1921 Northern Alberta Railway reaches Dawson Creek 1931 Dawson Creek incorporates as a village, population 500 Dawson Creek chosen as Mile 0 1936 of construction of 1,500-mile Alaska Highway, built in only 9 months. 1942 Major warehouse explosion and re destroys many downtown buildings. Natural gas production in 1943 Rolla area reaches 70 million cubic feet per day. "Pick a spot – any spot – and punch a 2500-foot deep Dawson Creek recognized as the greatest hole in the ground. Then, just stand back and watch 1948 initial grain shipping point in the British the gas blast out under high pressure." Empire transporting more than three - Gerald Clare, South Peace Historical Society, 2003; million bushels. speaking of the Rolla area during late 1940s. John Hart Highway built 1950 connecting Dawson Creek to Prince George. With all these natural resources, with virile pioneer type of Westcoast Transmission builds Canada's inhabitants, at the centre of northern transportation, with 1952 some of the most beautiful and romantic country in Canada, rst "big inch" pipeline carrying 400 who can prophesy the future? Today it is one of the brightest mcf/d gas from Taylor to Vancouver spots in the Dominion. It is a country with a past and also a 1957 future; a country for either work or a holiday; a country full Dawson Creek of hope and aspiration. incorporates as a city. - Harry Giles, The Vancouver Province, 1953 1958 Louisiana Pacic opens Oriented Strand Board plant in Dawson Creek Alliance Pipeline begins transporting 1987 1.6 bcf/d of natural gas from Northeast B.C. to the Chicago market. "...the demand from LNG Canada should stimulate exploration and production of natural gas in the 2000 City of Dawson Creek opens $58 million South Peace Multiplex events Northeast on a scale hitherto unseen." and leisure centre - BC Business, 2019 Louisiana Pacic invests $161 million 2008 in Dawson Creek plant to convert to the new SmartSide product. National Energy Board releases study indicating 271 Tcf of marketable 2017 "The Montney’s marketable unconventional gas resource is one natural gas available in BC's Montney of the largest in the world. While most of it is located in British (one of the largest plays in the world!) LNG Canada announces positive Final Investment Columbia, Alberta’s share is still large. To further illustrate the Decision for $40 billion Liquied Natural Gas export 2013 size of the Montney, total Canadian natural gas demand in 2012 terminal in Kitimat, BC, sourcing up to 3.1 Bcf/d of gas was 88 billion m³ (3.1 Tcf), making the Montney gas resource equivalent to 145 years of Canada’s 2012 consumption." from Dawson Creek region via Coastal Gas Link pipeline. - National Energy Board Energy Brieng Note: 2018 The Ultimate Potential for Unconventional Petroleum from the Montney Formation of British Columbia and Alberta, 2013 www.dawsoncreek.ca 4 Mayor's Message elcome to Dawson partake in. The City also has outdoor walking trails and WCreek! You will find multiple sport fields, truly something for everyone! our community warm, welcoming and a lot of fun. On top of the services I mentioned, Dawson Creek also This is, without a doubt, has a variety of public and private schools, a top-notch a truly great place to work, college with a new state of the art Trades Centre and play, live and invest! a local hospital with transportation services for special medical needs. In case you need to get away, we have an Dawson Creek is a city airport three minutes from downtown with daily flights of approximately 13,000 to Vancouver. residents, offering an amazing quality of life! We have a lot of great services and amenities to offer and have Our City is certain to make the most of a bright established the infrastructure to create a tremendous future. Careful, deliberate planning for sustainable and amount of activities for everyone to enjoy. responsible growth means that Dawson Creek is ready for growth and development in the region. Long-term For the arts and culture lovers, the Calvin Kruk Centre career opportunities in the oil and gas, mining, forestry, for the Arts is a dynamic and lively community arts agriculture, infrastructure and service industries exist centre hosting music, dance, pottery and more. There within the community. is also the Dawson Creek Art Gallery, which is a public gallery dedicated to the presentation, interpretation and On behalf of Council, I extend a warm northern advancement of visual arts. welcome, whether you are visiting or working in the community; I am confident that you will quickly The South Peace Community Multiplex houses three of discover why we are proud to call Dawson Creek home. the community’s fantastic amenities. The Encana Events Centre is a 6,500 seat, state-of-the-art, multi-events Yours truly, facility that has hosted a multitude of world-class events Dale Bumstead ranging from the World Under 17 Hockey Challenge to Mayor KISS, Luke Bryan, Carrie Underwood and many, many more! In between events the Encana Events Centre plays host to the Wayne and Bev Dahlen Indoor Walking Track, a free facility that anyone can use. The Lakota Agriplex is an impressive equestrian centre aimed to accommodate a wide range of interests, housing indoor stalls, tack lockers, a wash rack and grooming area and an impressive riding area. Last, but certainly not least, the Kenn Borek Aquatic Centre; which has an eight- lane lap pool, a leisure pool, sauna, steam room, hot tub and even a climbing wall! Separate from the Multiplex; Dawson Creek also has two ice Arenas and a Curling Rink, which are a hub of family fun activities for the whole community to enjoy. City Council Don’t be fooled, we Northerners are most
Recommended publications
  • Provincial Housing Market Set up for Very Strong 2021 BCREA 2021 First Quarter Housing Forecast Update
    For immediate release: Provincial Housing Market Set Up for Very Strong 2021 BCREA 2021 First Quarter Housing Forecast Update Vancouver, BC – January 25, 2021. The British Columbia Real Estate Association (BCREA) released its 2021 First Quarter Housing Forecast Update today. Multiple Listing Service® (MLS®) residential sales in the province are forecast to rise 15.6 per cent to 108,680 units this year, after recording 94,021 sales in 2020. In 2022, MLS® residential sales are forecast to pull back 9 per cent to 98,850 units. “After an unprecedented and often surprising performance in 2020, the provincial housing market is set up for a very strong year in 2021,” said Brendon Ogmundson, BCREA Chief Economist. “A strong economic recovery and record- low mortgage rates will continue to drive strong demand this year.” On the supply side, new listings activity recovered through the second half of 2020, but not nearly enough to see any accumulation in overall inventory. As a result, market conditions will start 2021 very tight, with the potential for strong price increases through the spring and summer until new supply comes online. We are forecasting a 7.7 per cent rise in the MLS® average price this year, followed by a further 3 per cent in 2022. -30- To view the full BCREA Housing Forecast Update, click here. For more information, please contact: Brendon Ogmundson Chief Economist Direct: 604.742.2796 Mobile: 604.505.6793 Email: [email protected] bcrea.bc.ca Housing Forecast Table – Q1 2021 Unit Sales Average MLS® Price ($) Board Area
    [Show full text]
  • Order in Council 2315/1966
    2315. Approved and ordered this 5th day of August , A.D. 19 66. At the Executive Council Chamber, Victoria, Lieutenant-Governor. PRESENT: The Honourable in the Chair. Mr. Martin Mr. Black Mr. Bonner Mr. Villiston Mr. Brothers Mr. Gaglardi Mr. Peterron Mr. Loffmark Mr. Campbell Mr. Chant Mr. Kinrnan Mr. Mr. Mr. To His Honour (c77/77 The Lieutenant-Governor in Council: The undersigned has the honour to recommend X 4,14 49/to •‘4":7151° 0 A ••>/v ',4 / THAT under the provisions of Section 34 of the "Provincial Elections Act" being Chapter 306 of the Revised Statutes of British Columbia, 1960" each of the persons whose names appear on the list attached hereto be appointed Returning Officer in and for the electoral district set out opposite their respective names; AND THAT the appointments of Returning Officers heretofor made are hereby rescinded. DATED this day of August A.D. 1966 Provincial Secretary APPROVED this day of Presiding Member of the Executive Council Returning Officers - 1966 Electoral District Name Alberni Thomas Johnstone, Port Alberni Atlin Alek S. Bill, Prince Rupert Boundary-Similkameen A. S. Wainwright, Cawston Burnaby-Edmond s W. G. Love, Burnaby Burnaby North E. D. Bolick, Burnaby Burnaby-Willingdon Allan G. LaCroix, Burnaby Cariboo E. G. Woodland, Williams Lake Chilliwack Charles C. Newby, Sardis Columbia River T. J. Purdie, Golden Comox W. J. Pollock, Comox Coquitlam A. R. Ducklow, New Westminster Cowichan-Malahat Cyril Eldred, Cobble Hill Delta Harry Hartley, Ladner Dewdney Mrs. D. J. Sewell, Mission Esquimalt H. F. Williams, Victoria Fort George John H. Robertson, Prince George Kamloops Edwin Hearn, Kamloops Kootenay Mrs.
    [Show full text]
  • Order in Council 1792/1986
    BRITISH COLUMBIA 1792 APPROVED AND ORDERED SEP.25.1986 Lieu enant-Governor EXECUTIVE COUNCIL CHAMBERS, VICTORIA SEP.24.1986 On the recommendation of the undersigned, the Lieutenant-Governor, by and with the advice and consent of the Executive Council, orders that 1. Mrs. Rita Waenink be appointed Returning Officer for the electoral district of Surrey-Newton. 2. Mrs. Lorraine Livesey be appointed Returning Officer for the electoral district of Surrey-White Rock-Cloverdale. 3. The appointment of Mrs. jean Winbow, made by Order in Council #1674 be rescinded; 4. Mrs. Jean Winbow be appointed as Returning officer for the electoral district of Surrey-Guildford-Whalley. PROVINCIAL SECRETARY AND MINISTER OF GOVERNMENT SERVICES PRESIDING MEMBER OF THE VE COUNCIL (This pars is for administrative purposes and is not part of the Order.) Authority under which Order is made: ELECTION ACT, SECTION 34 Act and section Other (specify) Statutory authority ebeeked by ag7/64:1--- -------. (Signature and typed or printed name of Ldinaldingivor) B. G. NASH v:.;;; • ;'!.■;H /7‘-- .3,/a BRITISH COLUMBIA 1674 APPROVED AND ORDERED SEP. 16.1982 ---------"Lieutenant-Governor... EXECUTIVE COUNCIL CHAMBERS, VICTORIA SEP. 16.1982 On the recommendation of the undersigned, the Lieutenant-Governor, by and with the advice and consent of the Executive Council, orders that Order in Council 1077/79 be amended by deleting the Returning Officers for the following Electoral Districts and substituting the indicated person: ELECTORAL DISTRICT DELETE SUBSTITUTE Cariboo Archibald Neil McLaughlin Robert A. Court Central Fraser Valley Donald S. Waddell Chuck Wiebe Chilliwack A. Ed Froese Martha Wiens Columbia River Doris E.
    [Show full text]
  • Provincial Housing Market Activity Normalizing Into 2022 BCREA 2021 Third Quarter Housing Forecast Update
    For immediate release: Provincial Housing Market Activity Normalizing into 2022 BCREA 2021 Third Quarter Housing Forecast Update Vancouver, BC – August 17, 2021. The British Columbia Real Estate Association (BCREA) released its 2021 Third Quarter Housing Forecast Update today. Multiple Listing Service® (MLS®) residential sales in the province are forecast to rise 26 per cent to 118,350 units this year, after recording 94,007 sales in 2020. In 2022, MLS® residential sales are forecast to pull back 15 per cent to 100,150 units. “The pace of home sales in the province has slowed in recent months but an unprecedented start to the year still has BC on track for a record-breaking year,” said Brendon Ogmundson, BCREA Chief Economist. With strong demand being supported by low mortgage rates and a rapidly rebounding post-COVID economy, the more significant concern is whether there will be an adequate supply of listings in the market. The supply situation is especially severe in markets outside the Lower Mainland, where new listings activity has been lackluster. As a result, the average price in 2021 is on track to post a second consecutive year of double-digit gains. We are forecasting the provincial average price to rise 16.6 per cent to $911,300 this year, followed by a 2.9 per cent gain next year to $937,300. -30- To view the full BCREA Housing Forecast Update, click here. For more information, please contact: Brendon Ogmundson Chief Economist Direct: 604.742.2796 Mobile: 604.505.6793 Email: [email protected] bcrea.bc.ca Housing Forecast
    [Show full text]
  • BC HIV/AIDS and Addictions Health Care Resources
    BC HIV/AIDS and Addictions Health Care Resources Note: The British Columbia Centre for Excellence in HIV/AIDS (BC-CfE) does not endorse any resource listed in this document. This pdf provides links to other Internet sites for informational purposes and the convenience of its users. When users select a link to an external Web site, they are subject to the privacy and security policies of the owners/sponsors of the external site. Acknowledgements: We acknowledge that the information contained in this resource package was compiled from multiple existing online sources including the British Columbia Centre on Substance Use (BCCSU), BC Housing, Greater Vancouver Food Bank, Food Bank BC, Lookout Society, Opiate addiction and Treatment Resource and Positive Living Society of British Columbia. Version: 13/11/2018 Table of Contents Telephone Helplines ..................................................................................................................................................... 6 Pharmacy Supports ...................................................................................................................................................... 6 Clinical Supports .......................................................................................................................................................... 6 STOP HIV Outreach Team............................................................................................................................................. 7 Patient Supports ..........................................................................................................................................................
    [Show full text]
  • Order in Council 2314/1966
    2314. Approved and ordered this 5th day of August , A.D. 19 66. At the Executive Council Chamber, Victoria, Lieutenant-Governor. PRESENT: The Honourable in the Chair. Mr. Martin Mr. Black Mr. Bonier Mr. V1111 stun Mr. Brothers Mr. Gaglard Mr. Peterson Mr. Loffmark Mr. Campbell Mr. Ghent Mr. Kiernan Mr. Mr. Mr. To His Honour The Lieutenant-Governor in Council: The undersigned has the honour to recommend THAT in accordance with the provisions of section 33 of the "Provincial Elections Act", being Chapter 306 of the Revised Statutes of British Columbia, 1960, a general election be held in all the electoral districts for the election of members to serve in the Legislative Assembly; AND THAT under the provisions of the said section 33 of the said Act, the 40.lee.1,441 ,..,.44 day of August, one thousand nine hundred and sixty-six, be appointed the day ")--h'eq>1 in all the electoral districts for the nomination of candidates for election as members to serve in the Legislative Assembly, and that writs of election be issued in accordance with section 40 of the said Act; AND THAT the undermentioned places be appointed the places for the nomination of candidates for election as members to serve in the Legislative Assembly in the respective electoral districts, the names of which are set opposite such places, that is to say: Electoral District Place of Nomination Alberni Court House, Alberni Atlin Court House, Stewart Boundary-Similkameen Court House, Penticton Burnaby-Edmonds Office of Returning Officer, Burnaby Burnaby North Office of Returning
    [Show full text]
  • Record-Setting Month for BC Homes Sales
    For immediate release Record-Setting Month for BC Homes Sales Vancouver, BC – April 13, 2021. The British Columbia Real Estate Association (BCREA) reports that a total of 15,073 residential unit sales were recorded by the Multiple Listing Service® (MLS®) in March 2021, an increase of 123.3 per cent over March 2020 and a new all-time record for monthly BC home sales. The average MLS® residential price in BC was $947,707, a 20.4 per cent increase from $787,032 recorded in March 2020. It should be noted that average prices across the province are being skewed higher as more expensive single-detached homes remain a higher share of dollar volume during the pandemic. Total sales dollar volume was $14.3 billion, a 168.9 per cent increase from last year. “Home sales in the province shattered the previous record, led by markets in the Lower Mainland,” said BCREA Chief Economist Brendon Ogmundson. “While mortgage rates have risen in recent months and a modest tightening of mortgage regulations is on the horizon, market activity is expected to remain very strong through the spring.” Total active residential listings were down 24.4 per cent to 22,337 units in March. The total inventory of homes for sale remains severely depleted, but new listings activity has accelerated in response to high prices. “While the total supply of re-sale listings remains at crisis levels, many markets saw record new listings activity in March. Strong new listings activity will need to continue for some time before markets will see a healthier balance with less pressure on home prices,” said Ogmundson.
    [Show full text]
  • Order in Council 108/1986
    BRITISH COLUMBIA 108 APPROVED AND ORDERED JAN. 31.1986 EXECUTIVE COUNCIL CHAMBERS, VICTORIA JAN. 30.1986 On the recommendation of the undersigned, the Lieutenant-Governor, by and with the advice and consent of the Executive Council, orders that A. The appointment of Bouwien Bastian as Deputy Registrar of Voters for the Electoral District of Okanagan South, made by Order In-Council #217/83; be rescinded. B. Bouwiena Ann Bastian be appointed Deputy Registrar of Voters for the following Electoral Districts: Boundary-Similkameen, 1Columbia River, Okanagan North, Okanagan South. C. Ruth Irene Green be appointed Deputy Registrar of Voters for the following Electoral Districts: Cariboo, Kamloops, Shuswap-Revelstoke, Yale-Lillooet. D. Helen Elaine Hall be appointed Deputy Registrar of Voters for the following Electoral Districts: Kootenay, Nelson-Creston, Rossland-Trail. RCS W6/Irg E. Margaret Joyce Huband be appointed Deputy Registrar of Voters for the following Electoral Districts: Atlin, Omiueca, Prince Rupert, Skeena.Re5.Wer F. Lisbeth Ann Wolf be appointed Deputy Registrar of Voters for the following Electoral Districts: North Peace River, Prince George North, Prince George South, South Peace River. r. Michael Edmond Carroll be appointed Deputy Registrar of Voters for the following Electoral Districts: Chilliwack, Coquitlam-Moody, Dewdney, Maillardville-Coquitlam, New Westminster, Richmond. H. Frances Doreen Miller be appointed Deputy Registrar of Voters for the following Electoral Districts: Alberni, Comox, Cowichan-Malahat, Mackenzie, North Island, Nanaimo. Provincial Secr ary and P 7siding Member of the Executive Council Minister of G nmen9Services (Thu part Is jor oamtnistranve putp.ses and if not part of the Order.) Authority under which Order is made: and actionection Election Act, Section 6 Other (specify) .
    [Show full text]
  • Report of the Chief Electoral Officer on the 1989 Provincial Enumeration
    Report of the Chief Electoral Officer on the 1989 Provincial Enumeration Enumeration ’89 Table of Contents ENUMERATION ‘89 Introduction. ..................1 Registered Voters. ..............3 Expenditures Enumerators’ Expenses by Electoral Disrict . .......4 Registrars’ of Voters Expenses . ..............6 Other Expenses . ................7 Summary of Expenditures . ..............7 Registrars of Voters . .............8 Conclusion . ..................9 Map Introduction Section 17. (1) of the Election Act requires that: “During each Parliament of the Legislature, beginning on the first Monday in May in the third calendar year after the general election for that Parliament, there shall be, unless the Legislature is earlier dissolved, an enumeration of voters in all electoral districts.” A total of 6,607 enumerators were employed during Enumeration ‘89, which commenced on Monday, May 1st. Door-to-door visitations were completed on May 20th. Enumerators visited each residence in the Province in order to obtain completed and signed application cards from new applicants, and where residents were already registered, to confirm those registrations. If prospective voters were not at home at the time of the enumerator’s first visit, a second visit was automatically made. At that time, if they were again not at home, application cards were left for completion and return to the Registrar of Voters. Postage-paid envelopes were included for the convenience of the applicants. Residential visits were made from 9:00 a.m. - 9:00 p.m., Monday to Saturday, and on Sunday from 1:00 p.m. - 6:00 p.m. The revision of voters’ files was completed on July 28th. Phase One of the Provincial enumeration concluded with the mailing of plastic coated Voter Identification Cards to all registered voters.
    [Show full text]
  • Order in Council 1078/1979
    -4? osemnse. BRITISH t COLUMBIA 1078 APPROVED AND ORDERED APR. -5.1979 •grz -.1646—, /9Larfa gig!T 414 114 —6'..7./610/P-2/ 0 es. 440-1/111 EXECUTIVE COUNCIL CHAMBERS, VICTORIA Am -51979 'Or44733/1-17;11 Ars./..t., 74 if /04.0/ On the recommendation of the undersigned, the Lieutenant-Governor, by and with the advice and consent wir of the Executive Council, orders that pursuant to the provisions of the Provincial p..7.3,/e/ Elections Act, a Registrar of Voters and Deputy Registrar of Voters be appointed "47:/1:;, for each of the electoral districts of the province in accordance with the //.77 attached Schedules "A" and "B"; //jS771.8 AND FURTHER ORDERS THAT pursuant to the provisions of the Constitution Act, the /2/ .44:/gA Interpretation Act, the Provincial Elections Act, and all ots.er powers thereunto .;v0/12 enabling, the following regulation be made: "The Chief Electoral Officer and the Registrar-Geleral of "19-1/i.a. Voters, the Registrars of Voters, and all other persons appointed to 'rye/z functions, procedures and other duties under the Provincial Elections Act are hereby empowered to perform such of those functions, R",( 81 procedures and duties as are necessary to prepare the list of voters 04CAU for each of the electoral districts constituted under the Constitution 23o8i8X Act Amendment Act, 1978, and without limiting the generality of the 3s//83 3.13a3 foregoing, the appropriate Registrars of Voters are hereby authorized: (1) To perform the functions set out in Section 23A of the 34t Provincial Elections Act.
    [Show full text]
  • Local Real Estate Market Sees Increase of Sales Promoting Vacation Lifestyle
    MEDIA RELEASE For Immediate Release Local Real Estate Market Sees Increase of Sales Promoting Vacation Lifestyle KELOWNA, B.C. – March 2nd, 2021. Residential real estate sales across the region from Revelstoke to Eastgate Manning Park and into the South Peace River region continues to outperform forecasts with another record high month, reports the Association of Interior REALTORS®. The total number of sales in February was up 116% with 1,212 units sold compared to February 2020’s sales of 561. The South Okanagan region, stretching from Summerland to Eastgate Manning Park saw the highest increase of sales with a 130% surge compared to the same time last year. “We are seeing a noticeable increase on various types of recreation and vacation homes sales suitable for all seasons,” says the Association of Interior REALTORS® President Kim Heizmann, adding that “due to COVID- related travel restrictions and limitations more and more inter-provincial buyers are taking the opportunity to create vacation opportunities within B.C.” Active residential listings for February from Revelstoke to Peachland was marginally down with 1,763 compared to January’s 1,776 listings and far below February 2020’s inventory of 2,996. In the South Okanagan region overall listings dropped 4% over January’s 666, while the South Peace River saw a 2% decrease compared to January’s 304 listings. “Shortage of supply is still an issue with inventory struggling to meet demand, particularly when it comes to single-family homes” says Heizmann. The benchmark price for homes in the Central Okanagan, North Okanagan and Shuswap/Revelstoke regions saw increases in year-over-year comparisons with single-family homes seeing the greatest increase for another consecutive month.
    [Show full text]
  • Media Release
    MEDIA RELEASE For Immediate Release Local Residential Real Estate Market Closes 2020 on High Note KELOWNA, B.C. – January 5, 2021. High demand drove the real estate market to finish the last month of 2020 on a high note with unexpected and exceptional sales volumes across the region from Revelstoke to Eastgate Manning Park and into the South Peace River region, reports the Association of Interior REALTORS®. Residential sales for December in the region of Revelstoke to Peachland increased 65% compared to December 2019’s residential sales, coming in at 661. The South Okanagan region, stretching from Summerland to Eastgate Manning Park also saw an unexpected jump of 201 units sold of overall property sales compared to the previous year’s 107, while property sales in the South Peace River region was up 11% from 18 units in 2019 to 20 in December 2020. “Last year was a very unusual year, after an initial slowdown due to stay-at home orders from the provincial government we saw a high demand in the real estate market, once orders were lifted that did not wane even in the typically slower months,” says the Association of Interior REALTORS® President Kim Heizmann, adding that “despite unusually high demand, inventory of active listings consistently remained low as buyers snapped up homes almost as soon as they were listed. Particularly in the family-sized homes category.” Active residential listings for December from Revelstoke to Peachland fell short 35% compared to December 2019’s 2,715, while in the South Okanagan region overall listings saw a slight increase of 11% compared to the previous year’s 158 properties.
    [Show full text]