Real Estate
The demand outlook for both new and resale housing is positive. Market fundamentals remain solid. BC continues record robust employment growth. Consumers are upbeat; the BC Index of Consumer Confidence soared to an 18 year high early in 2005. Closer to home, the Kelowna area economy is firing on all cylinders. Strong employment growth has spurred in-migration, fuelling the demand for new and resale housing. Retirees, and more recently, an influx of others seeking lifestyle oriented housing have also contributed to sharply increased demand. Population growth and low interest rates will remain the key drivers in 2005.
Source: Central Okanagan Economic Development Commission
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