October 12, 2012 Leave a comment
There is a strong housing market in the Kootenay region. People are attracted to the area’s high quality of life, lakefront properties and world-class golf and ski resorts. As in other parts of North America, the market peaked in 2008 and then dropped under the weight of the global economic downturn.
But according to the Kootenay Real Estate Board, housing sales in the Kootenays have rebounded. In the first quarter of 2010 (January to March), housing sales increased by 71% when compared to 2009. The average price of a single-family home was $297,000-a seven per cent increase over the previous year.
Did you Know?
- Canada Mortgage and Housing Corporation (CMHC) publishes housing information for newcomers in eight languages. Visit the website for information on renting an apartment, buying a home or looking after your home. Free guides to buying or renting your first home in Canada are available in English, French, Mandarin, Tagalog, Urdu, Punjabi, Spanish and Arabic.
- Information on renting or buying a home is available in the housing section of this website and in the B.C. Newcomers’ Guide, which is published in 11 languages.