Power shortfall threatens Kelowna’s development growth: UDI

A stark warning Tuesday from The Urban Development Institute in Kelowna.

In a press release, the advocacy group for local development said Kelowna’s real estate industry is facing major uncertainty as FortisBC warns it can’t guarantee power for new developments until at least 2027.

Developers said the delay could stall projects, impact the city’s ability to meet housing targets, and create serious financial risks.

FortisBC has pledged to invest $157 million in new infrastructure, but developers said it’s not enough to keep up with Kelowna’s rapid growth.

UDI is now pushing the province for urgent action, warning that without a solution, some projects may be scrapped altogether.

Vernon Matters has reached out to FortisBC for comment.