At the crossroads of two major transportation routes — Highway 97 and the Crowsnest Highway — Osoyoos is poised to be an economic hub for the south Okanagan region with its strategic location, infrastructure and low overhead costs.
Over the past six years, this idyllic lakeside town has been making significant investments in the park and marina developments and additional facilities, such as pickle ball courts and paved walking trails. The Elegant Canyon Desert Golf Villas accommodates full-time or vacation use, and the Residences at Spirit Ridge offer two- and three-bedroom homes nestled above the Spirit Ridge Vineyard Resort and Spa, and the Sonora Dunes Golf Course. On the other end of the lake you’ll find The Cottages with a total of 285 units. And for the gear heads, Area 27 racetrack.
In 2016, Osoyoos polished an initial subdivision concept layout into a final subdivision design for 24 medium-density single-family homes. New single-family homes planned for the next two years include approximately 18 new lots at the golf course and an additional 18 lots in the “apple district” area at Braeburn. Osoyoos also plans to build a multi-family development in the town centre area, as well as initiate phase 2 of Meadowlark, a new family-oriented subdivision.
Osoyoos is pursuing aerospace, biotechnology, agri-tourism and wine industries. To diversify the economy and attract young entrepreneurs, Osoyoos offers access to one of the lowest electric utility rates in North America, affordable housing prices, competitive property tax rates, and low labour costs.
Population 5,085 (Area population 6,737)
Amount of Investment $132 million
Planned number of new homes over the next 8 years 330