The real estate market in Kelowna is expected to strengthen in 2010.
According to a recent report by REMAX, house prices in Kelowna will increase about 5 per cent in 2010.
Property values in and around Kelowna fell slightly this year, but there is good news on the horizon.
Top performers in terms of unit sales appreciation in 2010 are all in Western Canada, leading the way is Kelowna with an anticipated upswing of 10 per cent in housing sales.
“Some of the greatest percentage gains were reported in Western Canadian markets in 2009, demonstrating the higher the peak the lower the valley,” says Regional Executive Vice-President, Elton Ash.
“That said, the recession barely registered on year-over-year activity in most major centres.”
According to the report the national average price of a home is expected to rise to $325,000 by the end of 2010, a high, never before seen in Canada.
