Major Developments in Cranbrook

Despite the global economic woes wrought by the pandemic, 2020 brought a “silver linings” milestone for Cranbrook: the city of approximately 20,000 attracted record investment last year. That included 182 building permits totaling $93 million (an all-time high), and the sale of 99 city-owned acres to Vancouver-based wood products company Peak Renewables for $6 million. Additionally, the City approved 1,722 business licenses last year.

Buy here: 2020 average assessed value of a single-family home in Cranbrook: $327,000 (up 6%).

By Michael White