Investing in Kelowna real estate- Is this the right time?
Despite fluctuating real estate market conditions, Kelowna real estate arena booms exhibiting excellent
results in housing.
Canada Mortgage and Housing Corporation (CHMC) report a double in the...
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Investing in Kelowna real estate- Is this the right time?
Despite fluctuating real estate market conditions, Kelowna real estate arena booms exhibiting excellent
results in housing.
Canada Mortgage and Housing Corporation (CHMC) report a double in the number of
housing units recently, especially in the month of August.
Though the decline in Kelowna real estate in
the month of July can’t be denied, such seasonal fluctuations can be excused.
Being in the heart of the
holiday season, many potential buyers are busy enjoying their summer vacation; therefore their money is
being spent elsewhere rather than in the real estate market.
Probably this may also be one of the
prominent reasons for the seasonal fluctuations.
“Detached home starts climbed to the highest monthly level in almost two years,” says CMHC Market
Analyst Paul Fabri and added, “Lower lot prices and construction costs combined with favorable
mortgage interest rates have been key factors fueling demand for new detached hom
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