Kelowna's real estate market is slowing down a little more.
The Canadian Mortgage and Housing Corporation released a report outlining that housing starts fell from 349 units in April 2007 to 249 units this Aprils due largely to fewer multi family starts.
But, not only are there fewer starts, there's also less demand than there was in the past.
Market Analyst Paul Fabri pointed out, however, that news needs to be put in context as previous years showed record breaking profits and demand.
So, instead of expecting double digit profits, scale back expectations