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<br /> KELOWNA<br /> ANNUAL HOUSING REPORT<br /> PREPARED BY POLICY & PLANNING DEPARTMENT - MARCH 2020<br /> EXECUTIVE SUMMARY<br /> The Kelowna housing market had another strong year in 2019. Several of the broader events and trends that influenced the 2019 housing<br /> market are highlighted below.<br /> Strong economy: Demographic shifts:<br /> The unemployment rate hovered Kelowna has seen steady population<br /> around 4 per cent in 2019 due to major growth over last 5 years. Most of the<br /> employment growth in 2016-17. growth is the result of interprovincial and<br /> <a title="Annual Housing Report page 1" href="http://viewer.zmags.com/publication/584402a7?page=1"> KELOWNA ANNUAL HOUSING REPORT PREPARED BY POLICY </a> <a title="Annual Housing Report page 2" href="http://viewer.zmags.com/publication/584402a7?page=2"> EXECUTIVE SUMMARY The Kelowna housing market had </a> <a title="Annual Housing Report page 3" href="http://viewer.zmags.com/publication/584402a7?page=3"> INTRODUCTION HOUSING MARKET STABILIZES IN 2019 T</a> <a title="Annual Housing Report page 4" href="http://viewer.zmags.com/publication/584402a7?page=4"> LONG-TERM RENTAL HOUSING KELOWNA’S RENTAL BOOM O</a> <a title="Annual Housing Report page 5" href="http://viewer.zmags.com/publication/584402a7?page=5"> BIG BUSINESS OF RENTAL HOUSING Kelowna’s rental </a> <a title="Annual Housing Report page 6" href="http://viewer.zmags.com/publication/584402a7?page=6"> TALE OF TWO RENTAL MARKETS Kelowna’s long-term r</a> <a title="Annual Housing Report page 7" href="http://viewer.zmags.com/publication/584402a7?page=7"> RENTAL MARKET SUMMARY The surge of new rental un</a> <a title="Annual Housing Report page 8" href="http://viewer.zmags.com/publication/584402a7?page=8"> OWNERSHIP HOUSING MULTI-FAMILY MOVES THE MARKET </a> <a title="Annual Housing Report page 9" href="http://viewer.zmags.com/publication/584402a7?page=9"> ENTRY LEVEL (BELOW $400,000) The entry level own</a> <a title="Annual Housing Report page 10" href="http://viewer.zmags.com/publication/584402a7?page=10"> MID-MARKET ($400,000-$699,999) The mid-market wa</a> <a title="Annual Housing Report page 11" href="http://viewer.zmags.com/publication/584402a7?page=11"> HIGH END MARKET ($700,000-$1,000,000) The upper </a> <a title="Annual Housing Report page 12" href="http://viewer.zmags.com/publication/584402a7?page=12"> CONCLUSION The key trends in 2019 show that Kelow</a> <a title="Annual Housing Report page 13" href="http://viewer.zmags.com/publication/584402a7?page=13"> Notes i Canada Mortgage and Housing Corporat</a>