More and more first time home buyers are taking advantage of great inventory and very low interest rates. Spring sales activity will likely get a boost from the federal government incentives announced in the last budget, including the increase in the maximum withdrawal allowed under the Home Buyers' Plan and the First Time Buyers tax credit.
Well priced single family homes under $400,000 are the hot market at the moment, with suited homes also selling. There are currently 48 suited homes in Kelowna under $400,000 listed for sale.