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Albertans a factor in hot Kootenay market

The housing market heated up in 2016, and analysts say that Albertans moving west is one of the factors.

The housing market in the B.C. Kootenay region is heating up.

In some communities there is now a lack of houses on the market, analysts say.

Cameron Muir is the chief economist for the British Columbia Real Estate Association.

Photo: hellobc.com

CBC reports that Cameron Muir, chief economist for the British Columbia Real Estate Association, says that many factors are involved, but that Albertans ‘reverse migrating’ is one of them.

“Young people are staying in the province, and then we are seeing some people moving here from Alberta as well” he told CBC News.

The real estate market in the Kootenays has been particularly busy throughout 2016, as the Nelson Star recently reported, with buyers greatly outnumbering available properties.

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