Canada Mortgage and Housing Corp. just released their quarterly report for Kelowna. You can access it HERE. The highlights are positive as they predict …
1. Demand for new and existing homes is forecast to pickup as provincial and regional economies record stronger growth.
2. Sales of existing homes will increase this year and next year.
3. Expect existing home prices to edge up as demand improves and the supply of listings is drawn down.
4. Kelowna housing starts will move higher in 2010 and 2011.