Real Estate

Wildfire insurance challenges loom over Central Okanagan real estate

McDougall Creek wildfire represents the Okanagan’s most significant threat since 2003

With B.C. set to enter what provincial wildfire officials are describing as “the most challenging 24 to 48 hours of the summer,” the McDougall Creek wildfire in the Okanagan is also creating one of the most challenging wildfire seasons for property sales the province has ever seen.

Approximately 4,800 properties in West Kelowna were put on evacuation alert late on Aug. 16. This exapnded to 5,700 properties on Aug. 17, with initial evacuation orders given to 68 properties in the vicinity of Bear Creek Road.

“A lot of people are phoning, asking if their property is going to close, if they can get insurance,” said Tamara Stone, an agent with Re/Max Kelowna. “It’s very unsettling.”

This situation in West Kelowna is impacting the largest area since the dramatic and devastating 2003 Okanagan Mountain Park fire. Development in the region

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