Kelowna Housing Market Outlook

CMHC – Market Outlook – Fall 2012

Kelowna Highlights

-Demand for new and existing homes is expected to strengthen in 2013. Stronger employment growth
coupled with favorable mortgage interest rates will support demand for housing in Kelowna next year.

- MLS® home sales are forecast to increase eight per!cent in 2013.  Buyers will continue to benefit
from an ample supply of listings and strong price competition among sellers.

-Expect prices to edge higher, increasing two percent in 2013 as demand improves and the supply of
listings is drawn down.

- Kelowna area housing starts are expected to move higher, increasing to 1,050 homes in 2013. Housing
starts are forecast at 820 homes in 2012 compared to 934 homes in 2011.

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Joel Ellams

Joel Ellams

CENTURY 21 Executives Realty Ltd.
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