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CMHC 2016 Housing Market Outlook Kelowna CMA released
- An expected increase in multiple-family housing starts along with steady
construction of single-detached homes will result in a rising number of total
housing starts in 2016 with some leveling off in 2017.
- MLS® average prices are forecast to continue to post modest gains over the
forecast period underpinned by population driven demand for homes and
declining number of active listings relative to sales in the Kelowna area.
- Population growth is expected to remain elevated through 2017 while
employment is expected to pick up in the latter half of 2016 and continue
Link to CMHC Report