Housing market is hot, hot, hot

May 3, 2016 5:31 pm

the daily courier 2

Here’s more evidence that Kelowna’s housing market is hot and will only get hotter.

More homes are selling quicker at higher prices, often after multiple offers, according to the ReMax Spring Market Trends Report.

“The ripple effect on the housing markets outside of Toronto and Vancouver is quite significant,” Kelowna-based ReMax Western Canada vice-president Elton Ash said. “As a result, when you remove Toronto and Vancouver from the equation, the national average house price still rose approximately 10 per cent in the last year.”

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