The Globe and Mail ($)
Small-town B.C. sees a rental boom as people migrate from urban centres
People are relocating to small-town B.C. from the Lower Mainland, as well as Alberta, the Prairie provinces, Ontario and Quebec. In the Okanagan this summer, anybody in real estate will tell you how the market has been climbing, with buyers snapping up desirable properties in towns such as Vernon, Peachland, Penticton, Naramata and Summerland. Vancouver Island has seen a robust housing market, too. The year-over-year benchmark home price in B.C. grew 12.5 per cent compared with the previous July, at $768,061, according to the Canadian Real Estate Association.