In 2016, Kelowna and the Okanagan Valley saw a 14% average increase in home prices, fuelled by low available inventory and high demand.
Going into 2017, the market is still poised for additional growth, but it is somewhat tempered by the 15% tax on foreign buyers in the Greater Vancouver area, as well as more stringent requirements for CHMC insured home loans.
Source: Sean Skuter - Kelowna Real Estate
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