Two buildings a few blocks apart can be different purchases. This checklist compares them on the points that decide it, with the numbers for Kelowna.
New Condominium Developments in Kelowna3 min read
By the Serenity team. Published , checked .
Most useful for: First-time buyers, Hospital and downtown workers.
Knowing how to compare new condo developments in Kelowna starts with admitting that there are a lot of them. CMHC counted 3,483 apartments under construction in the Kelowna area in August 2026, and the City's housing needs assessment says Kelowna needs about 45,000 new homes between 2021 and 2041.
That much choice is useful only if you compare buildings on the same terms. Brochures do not do that, so the checklist below does.
To compare new condo developments in Kelowna, line them up on building size, measured distances to the places you use, the developer and design team, and the strata budget. Use the same questions for each, because the CMHC counted 3,483 apartments under construction in the Kelowna area in August 2026.
Each number is read from the sources listed at the end of this guide on October 16, 2026.
A 33-home building and a much larger one can share a postal code and still be different purchases, even if both call themselves boutique. Ask how many residences are in the building and how many households will share each amenity. Fewer households per amenity usually means less waiting for the gym, and a larger building may spread costs across more owners.
Scale also shapes the strata. A small strata has fewer owners to share a major repair, and a large one has more people to coordinate a vote. Neither is better for everyone, which is why the number is worth knowing.
Living near downtown is only an advantage if the distances hold up. Ask for walk and drive times to groceries and the lake as well as downtown, and time the route yourself at the hour you would travel it. From Serenity it is a 4-minute walk to groceries, a 4-minute drive to downtown and a 5-minute drive to the Kelowna Yacht Club on Okanagan Lake. The neighbourhood page shows the date they were measured.
The City's growth plan adds context. It projects 71% of Kelowna's growth to 2041 in the five Urban Centres and the Core Area around them, which is where much of the new supply you are comparing will sit.
The table lists the measured figures for Serenity at 1085 Martin Avenue. Time the same routes for every other building on your list, from its front door, at the same hour, and put the numbers side by side.
| Destination | From Serenity |
|---|---|
| Groceries (Ray's No Frills) | 4-minute walk |
| Okanagan Rail Trail access | 10-minute walk |
| Downtown (Bernard Avenue and Water Street) | 4-minute drive, or a 22-minute walk |
| Kelowna General Hospital | 6-minute drive |
| Okanagan College | 6-minute drive |
| Kelowna International Airport | 15-minute drive |
Ask whether the developer has completed work you can visit, and who the architect and interior designer are. Serenity is developed by PashCon Developments, with Lime Architecture as architect and Hatch Interior Design as interior designer.
Compare the estimated completion date (section 5.1 of the disclosure statement), the estimated strata fees (3.8), the parking rights (3.6) and the bylaws (3.5). BCFSA warns that fees can come in higher than the estimate, and that parking may not be included in the price.
Ask about the strata reserve too. Since November 1, 2023 a BC strata must put at least 10% of its annual operating budget into the contingency reserve fund, so a very low fee estimate deserves a question.
Fill in one list per building and compare the answers side by side. The ticks stay in your browser.
Ask the same questions of every building.
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Your ticks stay in this browser and are not sent anywhere. General information, not legal or financial advice.
CMHC counted 3,483 apartments under construction in the Kelowna area in August 2026, with 1,077 apartment starts from January to August. The City's housing needs assessment says Kelowna needs about 45,000 new homes between 2021 and 2041. It projects 65% of them as apartments.
CMHC counted 497 completed apartments still unsold in August 2026. The Central Okanagan board reported 774 apartments listed at the end of September 2026 against 83 sold in the month. Those figures describe choice for buyers; they do not predict prices.
The answers that are hardest to change after you buy: the number of homes sharing the amenities, how parking is allocated, the strata budget and the developer's record. Distances matter too, but you can time those yourself in an afternoon.
General information read from these sources on the date above, not legal, tax or financial advice.
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