When broken out by housing type, the median price of a two-storey home and bungalow climbed 14.4 per cent and 17.5 per cent year-over-year to $344,929 and $304,739, respectively.
Royal LePage Kelowna owner and broker Francis Braam says the local market is strong, with a steadily growing population coupled with an "extreme lack" of inventory. "Inventory and new build construction simply can not keep up with the demand we're seeing from homebuyers pushing out of Toronto".
"Despite starting the year off at a typical, healthy pace, the market has quickly gone into a frenzy".
The Canadian Real Estate Association, meanwhile, reported its latest monthly statistics Tuesday, saying home prices climbed a modest four per cent in Ottawa from this time previous year, to $345,000 on average.
The survey found the aggregate price of a home in the region rose by 15.7 per cent year-over-year to $326,545.
According to the report, two-storey home median prices remained relatively flat, increasing only 0.1 per cent, while bungalows saw the greatest median price increase at 2.4 per cent.
Removing the hot Ontario market from the calculation shows a more modest national price increase of just 6.4 per cent in the first quarter this year.
"The principal victims of the B.C. government's foreign-buyer tax were Canadians who had planned to sell or buy a home and were frightened away by unsubstantiated rhetoric in which the Chinese were entirely to blame for Vancouver's housing shortage", Soper said. "Our economy, which has recovered nicely from the 2014 oil crisis, is sadly dependent on moves by an unpredictable US federal government and can be swayed by unforeseen global events, such as fallout from Europe's restructuring".
He stressed that governments should focus on policy measures that would work both long and short term to tame runaway prices, which, according to Soper, have't been benefiting real estate agents.
"As affordability across the GTA continues to erode, many homebuyers have increasingly begun to search for property elsewhere in southern Ontario where market factors are more favourable", says Dianne Usher, senior vice president of Johnston and Daniel, a Royal LePage division. The trend in Alberta, Quebec and Atlantic Canada is particularly encouraging.
Apple Inc . has a 12-month low of $89.47 and a 12-month high of $136.27. ( NASDAQ:AAPL ) opened at 141.20 on Wednesday. Apple comprises approximately 4.7% of Feltz Wealth PLAN Inc.'s portfolio, making the stock its 4th largest position.
The company reported a net profit of Rs 6608 crore, down 2.5%, as against Rs 6778 crore in the previous quarter. NALCO: Government will be selling 5% in National Aluminium Co. through offer for sale on Wednesday.
The successful outcome of Iran talks then made Saudi Arabia feel "marginalized", according to the United States official. But ties between Riyadh and Washington became increasingly frayed during the administration of president Barack Obama.
Alex Oxlade-Chamberlain admits performances have not been up to scratch of late and was relieved to get back to winning ways. But their future, they have still one year of contract after [this season] so I don't think there is an urgency about that.
An unofficial tally carried by the country's state-run news agency gave President Recep Tayyip Erdogan's "yes" camp a narrow win. Votes are shown to observers at a voting station in Istanbul on Sunday. .
However, the focus is to keep Weetabix performing strongly in the United Kingdom , where it employs 1000 people. It is hoped the combination of Post and Weetabix will boost global growth opportunities on both sides.
A number of former Chelsea teammates have since paid homage to Terry on Instagram , with Lampard leading the tributes (see below). He has this burning desire to play football and it'll be chewing him up that he hasn't been able to put his boots on and perform.
Alderman Mike Zalewski says he does not know who will represent the airline before the city council's Aviation Committee. When nobody accepted the airline's offer of $800 to relinquish a seat, the airline chose four passengers at random.
Mr Yadav has said he will move court against his dismissal, adding, "Hope I get justice, I have full faith in the judiciary". In a major development, BSF jawan Tej Bahadur Yadav, who complained about food quality, has been dismissed from the service.
The comedian took to Twitter and said that he knows Sonu personally and that he won't hurt anyone's religious sentiments ever. Meanwhile, countering the fatwa the singer announced that he will shave his head himself today at 2 pm Indian time.
Changing the names could be an indication of China hardening its stand and claims on Arunchal Pradesh, especially Tawang. In a sharp response to Dalai Lama's visit last week, foreign ministry spokesperson Lu Kang, too, had made the point.
Bozak's OT goal gives Maple Leafs series lead over Capitals
Once again, fans will converge at Maple Leaf Square to party with other fans and watch the game on the big screen on Monday. Each of those three scored in Game 3, but each time the Capitals built up a lead and got momentum, the Leafs rallied back.
Galaxy S8, S8+ attract huge pre-order from Nigerian users
It has been created to perform tasks, which users would otherwise do by tapping on the screen, simply via voice-commands. Yes, we don't have a radical design change here or anything like that, but it is not a particularly poor design as well.
When Will Super Nintendo Mini Launch?
It's believed that the launch of the SNES Classic Mini played a role in the discontinuation of the NES Classic Mini. The SNES Classic Mini is Nintendo's miniature version of its iconic 16-bit "Super Nintendo Entertainment System ".
Radulov helps Canadiens beat Rangers 3-1 for series lead
The Rangers didn't have many expectations going into this series, matching up with a tough Canadiens team in the opening round. The New York Rangers look to even the series before heading back to Montreal as the two sides meet up at MSG on Tuesday night.
United: Airline won't use police to remove passengers
More than 90 percent of passengers bumped from a flight on a major U.S. airline previous year volunteered, according to the U.S. Overbooking is legal, and most airlines do it in anticipation of no-shows, the US Department of Transportation said.
Trading Revenue Drop Hurts Goldman Profit
Thomson Reuters had predicted Goldman Sachs share value to be $5.31 a share, and the actual value was $5.15 a share. Tuesday's disappointment was enough to send Goldman shares tumbling 2.6 percent, to $220.35, in pre-market trading.
Richard Simmons Hospitalized for 'Severe Indigestion'
As Radar readers know, Simmons, 68, has disappeared from the public eye three years ago after decades in the spotlight. Richard Simmons was admitted to a California hospital for what his manager called "severed indigestion".