I found what I was talking about over at Skyscrapercity.com. They have a pretty busy Kelowna thread over there.
Anyway, the national media was saying Kelowna was the 2nd most expensive market back in November, 2006, but there was something amiss about their ranking because (as usual) Victoria was left out. They were saying #1 was Vancouver, #2 was Kelowna, #3 was Toronto, #4 was Calgary...
At the time, the average price for a SFH in Victoria was about $100,000 higher than it was in Kelowna.
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