Where Kelowna's Housing Market is Going

The housing market in Kelowna is no different than anywhere in Canada where prices have enjoyed sustained increases over the last ten years. A question I am often asked is when will the bubble burst?

The truth is that a bubble bursts when there is a major economic shift, and we are having no major shifts such as the oil crash in 2015, or the recession of 2008-2009 caused by the sub-prime collapse. Sure, sales are down. The economy seems fairly stable, if a little uncertain, right now due to the new Provincial taxes and Federal regulations. We are adjusting to these external changes and hopefully the intended impact by both the Federal and the Provincial governments will be achieved, i.e. making houses more affordable. 
Source: Kelowna Art And Home