New Senior Living Community Approved in Glenmore: 728 Valley Road Project Moves Forward
Posted by AJ Hazzi on
A major step forward in addressing Kelowna’s growing need for senior housing is now underway.
Troika Management Corp., in partnership with Sussex Retirement Living, has submitted a Development Permit application to the City of Kelowna for a 175-unit, 6-storey independent living apartment building at 728 Valley Road in the heart of Glenmore.
This proposed project—strategically located next to The Vineyards, a memory care facility also operated by Sussex—aims to create an active, amenity-rich retirement community for seniors who are ready to downsize but still want independence, community, and convenience.
Meeting the Needs of Kelowna’s Aging Population
Kelowna is one of Canada’s fastest-aging cities, and the demand for quality senior housing is…
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With the first half of the year on the books, I wanted to summarize where we are at during these interesting times. As you might expect, with two years in a row of double-digit property value growth in the Okanagan, and the headlines that go with it, we have seen the number of properties purchased for investment increase by 40%. This is a combination of baby boomers looking to augment their retirement income and out-of- towner’s catching wind that Kelowna’s market is in the full swing of a real estate boom and looking to get a piece of the action.
We hear headlines like the central Okanagan home values are up 8.5% year over year and that’s great, but which neighborhoods in Kelowna are driving that appreciation? Which neighborhoods are performing well above the regional average? Whether you’re an investor looking to buy in the hottest little pocket or just a homeowner curious to know how your neighborhood stacks up, this little comparison should be of interest to you.