KELOWNA, BC, Oct. 15, 2025 /CNW/ - Solving Canada's housing challenges requires immediate action to bring down costs. To provide Canadians with increased access to affordable and sustainable housing, the government today announced the grand opening Capstone, a combined investment of nearly $24 million for the construction of 122 affordable, energy-efficient homes for families, seniors and people living with disabilities in Kelowna. Located at 2155 Mayer Road, Capstone is the final building of the Apple Valley Development. The project provides a mix of one- and two-bedroom homes for people with low to moderate incomes. The homes include several energy efficient features, including triple glazed windows, LED lighting, electric car charging stations and an efficient central boiler system that will help residents save on energy bills and reduce their environmental impact. The nine-storey building was constructed out of mass timber, which has a much lower carbon footprint than other traditional building methods.The National Society of Hope operates the building. The society also manages the three neighbouring buildings that make up the Apple Valley community.As we build a strong Canadian housing sector, purposeful collaboration will be essential. That means working hand-in-hand with the non-profit sector to bring down costs and build homes at a scale and speed not seen since the Second World War.Quotes:"Our Government is taking action to build more affordable homes in Kelowna and across Canada. The opening of the Capstone project shows what's possible when all levels of government and non-profit organizations work together to deliver housing that meet the needs of our community. Through the National Housing Strategy we're rapidly scaling up the supply of safe, affordable, and sustainable homes that Canadians needs." – The Honourable Stephen Fuhr, Secretary of State (Defence Procurement) and Member of Parliament for Kelowna, on behalf of the Honourable Gregor Robertson, Minister of Housing and Infrastructure and Minister responsible for Pacific Economic Development Canada"This is about providing people a better place ...Full story available on Benzinga.com
122 affordable, energy-efficient homes open in Kelowna
