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Detached, single-family homes remain the most sought-after property type in Kelowna

Blog by Eric Steinbach | April 27th, 2017

The region is experiencing a seller’s market, with lower than normal inventory and increased buyer activity in the first three months of 2017 compared to 2016. Properties remain on the market for approximately 45 days, compared to 57 during the same period last year. In-migration from other provinces continues to drive demand, especially in the upper-end of the market. New condo development projects in the region are expected to contribute to strong activity in the sector throughout the year. A recent change in favour of RU7 zoning, which allows greater flexibility for infill housing in some areas, is also anticipated to keep buyer activity strong.

From the Re/MAX 2017 Spring Trends Report

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