Kelowna's Housing Market: How Much Vancouver, How Much Calgary?

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Kelowna's Housing Market: How Much Vancouver, How Much Calgary?

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Coast Capri Hotel 1171 Harvey Avenue Kelowna, BC V1Y 6E8 Canada

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Description

UDI OKANAGAN Luncheon

April 25, 2017

Kelowna's Housing Market:

How Much Vancouver,

How Much Calgary?

PRESENTED BY:

Dr. Tsur Somerville

Asscociate Professor, UBC

Vancouver and Calgary both influence Kelowna and the Okanagan’s property markets. With these markets moving in dramatically different directions, it is worth exploring the extent of their influence. The starting point of this presentation is tracing the movements of people, economic activity, and capital from the Vancouver and Calgary metropolitan areas to BC’s interior. The focus of the presentation is to identify how these factors play out statistically in the evolution of the residential property market in Kelowna and Okanagan. From these causal relationships, Tsur will then draw inferences to the relative importance of Calgary and Vancouver in driving the local market.

PROUDLY SPONSORED BY:

TRAVELERS INSURANCE COMPANY OF CANADA

TOUCHSTONE LAW GROUP LLP

PENTAR HOMES LTD.