Kelowna Housing

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...

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....