Cmhc

Housing starts make double-digit jump in Kelowna

CENTRAL OKANAGAN - New house construction is climbing in the Central Okanagan, underscoring the strength in the local resale market. "Demand for new homes has matched supply, keeping inventories of completed and unabsorbed homes in check," Canada Mortgage and Housing Corporation regional economist Carol Frketich says in a press release. In its preliminary housing starts...

More rentals available, but at higher cost

KAMLOOPS - A two bedroom rental will cost you an average of $14 per month more than it did a year ago though your chance of finding a rental has increased as well according to the most recent rental report from Canada Mortgage and Housing Corporation. The spring rental report shows the provincial average declining...