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Kelowna CMA Housing Outlook
- Oil Prices and the Canadian Dollar
- Improving Labour Markets
- Population will expand adding new households
- Migration and demographic shifts
- Mortgage interest rates to rise gradually
BC to lead in 2016 growth
New Households drive Housing Demand
Demographics may influence Housing demand
Mortgage interest rates to rise gradually
Mortgage interest rates to rise gradually
Annual MLS Sales
Annual prices continue making steady gains
Prices steady for Multi unit segment
Housing Stats by 2015 Census
Multi Unit inventories
Kelowna Housing Market summary
- A steady pace of housing starts is expected
- Multi unit homes are expected to make up a greater portion of total starts
- MLS prices to move higher – sales are forecast to stabilize over a 10 year average