CMHC – Market Outlook – Fall 2012
-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.
Click the following link to read full report.... http://goo.gl/cQGLn