Housing Stablizes in Kelowna
Thursday, December 3, 2009 - 1:01 AM
The housing market is about to return to stable as the Canadian economy is bouncing back.
Cliff Shillington, with Remax Kelowna says the market here is more balanced than last year.
Shillington says right now, inventory levels are down, but housing prices are expected to climb 5 per cent next year.
The average price of a house in Kelowna is 417-thousand dollars, by next year it could be up to 438-thousand. Shillington says condos are a good way to get into the market.
When it comes to growth in BC. Kelowna is leading the charge along with Vancouver and Victoria.
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