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Kelowna house prices move ahead of Calgary, Toronto

Residential property prices in the small city of Kelowna are now the second most expensive in Canada, behind Vancouver, according to a new report.

A ReMax Canada survey reveals that average residential property prices in the Okanagan city have jumped to £198,000 this year, up from $166,000 in 2005, moving ahead of Victoria, Toronto and Calgary.

The average house price in Vancouver is $503,000.

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