Kelowna & Okanagan New Home Developments: A Buyer’s Guide

Compare new home developments in Kelowna and the Okanagan, including presale condos, move-in-ready townhomes, detached homes and building lots.

There’s more to look at than condo towers. New home communities here offer detached homes, ranchers, duplexes, townhomes and condos, from Osoyoos to Vernon, including Kelowna, West Kelowna, Peachland and Lake Country, plus one in Kamloops.

A new home could be a presale (pre-construction), under construction, finished and move-in ready, or a custom build on a lot you choose. Those are different purchases, with different costs and timelines, so I’ve noted which stage each development is at.

Updated October 2026. Availability changes quickly. If a community catches your eye, I can check what’s actually available and help you compare it with other new and resale homes in the area.

New developments at a glance (October 2026)

Stages change quickly. This is where each development stood when I last updated this guide.

What kind of new home are you looking for?

Detached homes and ranchers: Worth considering if you want your own yard, more privacy or a single-level layout. Check the lot size, stairs, landscaping and whether the home is freehold or part of a strata.

Duplexes and semi-detached homes: Another option if you want ground-level living with one shared wall. Look at the ownership structure, sound separation, parking and outdoor space.

Townhomes: A good place to look for more bedrooms and a garage without taking on a detached home. Compare the actual layout. Three bedrooms spread over three floors feels very different from a rancher-style townhome.

Condos: Compare the space inside the home as closely as the amenities. Storage, parking, monthly fees and the size of the second bedroom can matter more day to day than a pool.

Before you buy new construction in BC

A few things catch people off guard with new construction.

Ask whether the price includes GST and what rebates or exemptions may apply to your purchase. Eligible first-time buyers may qualify for the federal GST/HST rebate, and qualifying purchases may also receive BC’s newly built home property transfer tax exemption. Have your lawyer or accountant confirm eligibility before counting on either.
CRA eligibility · BC exemption

Most new homes in BC require home warranty insurance, but exemptions exist, including owner-built homes. Confirm the coverage for the specific home, who provides it and when it starts.
BC Housing

Presale and move-in ready are different purchases. A presale gives you time and sometimes a say in finishes, but you're buying from plans and completion dates can move. Move-in ready is simpler: what you see is what you get.

For a presale, review the disclosure statement and purchase contract. For a strata home, review the strata documents and bylaws too. Check deposits, fees, parking, pets and rental rules rather than relying on the sales brochure.

Check how the land is owned. A few communities in this guide sit on First Nations land under long-term leases. Review the lease terms, remaining lease length, ongoing costs and financing options for the specific property.

The sales centre team represents the developer. Having your own Realtor gives you someone to help compare developments, look at recent sales and work through the purchase details with you. I can also flag questions about the contract, fees and completion dates to review with your lawyer.

New homes in the South Okanagan

New townhomes in Osoyoos

Most of what's new in Osoyoos is small and boutique rather than large subdivisions. One to know is Mojave Living on 97th Street, a townhome project with lake and mountain views. Floor plans include three- and four-bedroom homes with a rec room, up to about 1,900 square feet plus rooftop space. Ask about current availability and completion dates.

More on the area: Living in Oliver & Osoyoos

New homes in Penticton

Penticton has some of the most active new construction in the South Okanagan, and much of it is townhomes within walking distance of downtown.

New condos in Penticton

Sokana is the big one. Kerkhoff Develop-Build's riverside condo community sits beside the Penticton Channel and Riverside Village shopping, near Okanagan Lake. The developer markets its Riverview building with studios through three-bedroom homes. Residents share a pool and hot tub, fitness centres, an outdoor kitchen, a lounge and central green space. I can check which homes are available and what possession dates are being offered.

New townhomes in Penticton

Argyle by Basran is a townhome community near downtown and the South Okanagan Events Centre. Confirm availability in the final building and the current completion schedule.

Edgeview at the Ridge is a small collection of 14 four-bedroom townhomes. Ask which phase has homes available and when they can be occupied.

Creekside Lane, by local builder Beach House Developments, sits beside Penticton Creek within walking distance of schools and groceries. I can check the current phase and which homes are available.

The Wade Residences is a group of just four townhomes a short walk from Okanagan Lake and downtown.

More on the area: Living in Penticton

New homes in Kelowna and the Central Okanagan

New homes in Peachland

Beechwood Heights is a small new community on Brigade Court in Peachland’s Upper Princeton area, with lake and mountain views. The current release is duplex homes, and the lower level can be finished as a legal suite. The show home is open weekends from noon to 4 pm, and the site plan shows a future phase. Ask which homes are available and when they’ll be complete.

More on the area: Living in Peachland

New townhomes in West Kelowna

West 61 on Shannon Lake Road is another townhome development to include in your search. Confirm which homes are available and their possession dates.

More on the area: Living in West Kelowna

Kelowna master-planned communities

Wilden is BC's largest master-planned community, at 1,447 acres in the Glenmore Highlands, and half the land is left natural. It currently has three ways in. Antler Heights is a small enclave of 30 semi-detached homes above Hidden Hills. Pondside Landing offers townhomes. Building lots in Hidden Hills come with a choice of Wilden home designs and select builders. I can help you compare the current releases and what each option includes.

Kirschner Mountain is a hillside community with lots and new homes. It offers larger lots than many new neighbourhoods, flexible building guidelines and wide views over the city and lake.

McKinley Beach is a lakefront community about 15 minutes from downtown Kelowna, with a kilometre of shared beach, a marina and the Our Place amenity centre. Several home types are available right now: move-in-ready homes at Kashmere, move-in-ready homes with suites at Juniper Grove, townhomes at The Pines, walk-out bungalows at The Benches, and a few remaining building lots. Ask which homes are ready now and which are still being built.

For detached and semi-detached homes, compare the named hillside communities alongside the townhome and condo developments. The lot, layout and community fees can vary quite a bit.

More on the area: Living in Kelowna

New condos in downtown Kelowna

If you haven't been downtown in a while, the skyline looks different. Some developments now advertise finished homes you can walk through, which gives you a different starting point from buying off a floor plan.

Water Street by the Park, by Orchard Park Properties, sits beside City Park and a short walk from the lake, Bernard Avenue and the waterfront. Its tallest tower, The Eli, is 42 storeys and now the tallest building in Kelowna. If you want to see a finished home before deciding, I can check which suites are available to tour and arrange a viewing. Amenities include a seasonally heated pool, fitness centre and resort-style shared spaces.

In the Lower Mission, Aqua is Mission Group's lakefront community, with its final phase now selling. Confirm which homes are available.

A note on downtown condos: strata fees, rental and short-term rental rules, and parking vary a lot from building to building. Read the bylaws before you fall in love with the view.

New condos in Capri-Landmark

If downtown is Kelowna's lake-and-towers neighbourhood, Capri-Landmark is its practical sibling. It sits between Capri Centre and the Landmark office towers, with groceries, transit and protected bike lanes on Sutherland Avenue. The City's plan for the area calls for room for about 8,000 more residents over the next 20 to 30 years, with a mix of mid-rise and taller buildings, so expect to see a lot of new construction here.

Revo and The Anacapri are two condo projects to compare in this area. Confirm completion and occupancy for the specific home you’re considering.

Revo, by Millennial Developments, is a six-storey building on Sutherland Avenue with studios to three-bedroom homes plus a few townhomes. It's built around a large shared amenity package, including a rooftop terrace, a gym and wellness spaces, coworking areas and gardens. It's also bike-friendly, with a bike wash and workshop. The developer’s site now markets Revo as move-in ready. Confirm the status of the specific suite.

The Anacapri, by Kingdom Property, is a six-storey, 90-home condo building completed in November 2025, with homes still for sale. Confirm the available layouts before comparing suites.

When comparing condos, look beyond the starting price. Parking, storage and monthly fees can make a difference to the overall cost. I can help put those details side by side so you can see how the options compare.

Kelowna and West Kelowna presales: coming soon

If you’d rather buy early and have time before completion, a couple of projects are in the presale or pre-construction stage. Plans and timelines can change before construction starts, so read the disclosure statement carefully.

• Collina, Midtown Kelowna: a six-storey condo building on Underhill Street from Lorval, marketed as a presale. When I last checked, the City still listed its development permit as in progress.
• Westrich Bay Phase 4, West Kelowna: waterfront townhomes in the final phase of Westrich Bay. As of early 2026, the developer was preparing to start construction.

New homes in Lake Country

Lakestone home-and-lot build options: The Summit has limited homesites remaining. Lakestone also offers Portfolio Homes through its preferred builders, pairing a home plan with a homesite and a quoted package price. This is a build program rather than a finished home purchase. I can help compare what’s included and the proposed timeline.

Lake Country Villas, off Okanagan Centre Road West, currently markets three- and four-bedroom lake-view villas.

More on the area: Living in Lake Country

New homes in Vernon and the North Okanagan

Predator Ridge currently markets custom homes at Ellison Landing, including Vale and Woodside, as well as new developer-built homes and Vista condominiums. The options involve different purchase paths, so it helps to compare the specific offering and what is included. The Ritz-Carlton residences are listed as coming soon and aren’t included here as an active sales release.

Ledge at the Rise, by Aldebaran Homes, offers new townhomes on Okanagan Hills Boulevard. Its current site plan markets phases three and four, while phases one and two are marked sold out.