housing market

Kelowna housing market numbers reach pre-financial crisis levels

KELOWNA - The Kelowna housing market has reached levels not seen since 2008, right before the global financial crisis, when the local market was red hot. Both single-family and multi-family housing starts as well as total residental sales have been trending upward since then, according the Canadian Mortage and Housing Corporation’s spring housing market outlook....

Housing sales continue to rise

KELOWNA – The housing market in the Kelowna and Vernon areas shows no signs of slowing down with sales up fifteen per cent in October compared to the same month in 2013. Numbers released by the Okanagan Mainline Real Estate Board show a jump of fourteen per cent in the Central Okanagan and twelve per...

More development doesn’t mean more rentals

PENTICTON -  A recent study shows there are fewer rental units in Penticton than there were at this time last year, but can the city’s development department keep up with a shrinking rental availability? Anthony Haddad, the city’s director of development services said he hasn't received a lot of proposals for apartment buildings lately. However,...