Kelowna Highlights
For the complete report, see 2010 Kelowna Housing Market Outlook.pdf
Almost half of Canadians considering buying a recreational property will do so to improve their lifestyle, despite concerns about increasing taxes, rising interest rates and new regulations that require higher down payments on second homes, according to a nationwide survey of Canadian attitudes towards recreational property ownership conducted by Angus Reid and commissioned by Royal LePage Real Estate Services.
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2010 Recreational Property Report
CANADA'S HOUSING MARKET REMAINS STABLE;
MODERATE PRICE INCREASES IN FIRST QUARTER
Strong local economies and population growth support buyer demand
On average, healthy year-over-year house price gains were recorded during the first three months of 2008. While more modest price increases were observed when compared to previous quarters, the solid appreciations noted in the first quarter are largely due to the shared effects of resilient local economies, high immigration levels, and relatively low interest rates - all leading to enduring buyer demand, according to a House Price Survey report released today by Royal LePage Real Estate Services.
2008-05-01 (c) Christine Wolter
