What the Bank of Canada’s October Rate Drop Means for the Okanagan Real Estate Market

It’s been a long time coming, but the latest news from the Bank of Canada brings a sigh of relief for many homeowners and buyers across the country. On October 29, 2025, the Bank of Canada lowered its overnight policy rate by 25 basis points, bringing it down to 2.25% (with the Bank Rate now at 2.50% and the deposit rate at 2.20%).

For the Okanagan real estate market, this decision comes at an important time. After months of higher borrowing costs and cautious buyer sentiment, a rate drop like this can shift momentum—making financing a little more accessible and confidence a little stronger.

Why This Rate Drop Matters

Lower rates directly affect both buyers…

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Why It’s Still a Buyer’s Market in Kelowna — Even with Rising Sales

If you’ve glanced at the latest headlines, you might’ve seen that home sales across the Central Okanagan jumped nearly 40% this September compared to last year. That kind of increase sounds like a hot market — but dig a little deeper, and the story changes. Despite the uptick in activity, Kelowna is still very much a buyer’s market this fall.

The Numbers Tell a Different Story

September brought 398 sales across the Central Okanagan, up from 286 the year before. But inventory stayed steady, with just over 4,100 active listings — meaning there’s still plenty of choice out there. Homes are also taking longer to sell, averaging 78 days on market, compared to 66 last fall.

The …

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When’s the Best Time to Sell Your Home in the Okanagan? (Here’s the Real Answer)

If I had a dollar for every time someone asked, “When’s the best time to sell?” I could probably buy another espresso machine for the office.

The truth is, I’ve seen homes sell in December snowstorms, on long weekends, and even during election weeks. There are patterns, sure, but the market doesn’t run on a single calendar. It runs on people.

And people move for life reasons, not seasons.

The Myth of the Perfect Time

Yes, spring looks great in photos. The tulips, the sunshine, the drone shots — all of it helps. But I’ve also seen homes sit in May and sell in November with multiple offers.

Buyers who shop in the off-season are usually more serious. They’re…

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Okanagan Market Snapshot


October has arrived with crisp mornings, colourful fall leaves, and the anticipation of Thanksgiving gatherings. As we move into the heart of autumn, the Central Okanagan real estate market continues to show steady momentum, even as conditions remain firmly tilted in favour of buyers.

Sales activity in September was strong, with year-over-year gains across all property types in the Kelowna and Central Okanagan area. Residential home sales rose 34% compared to last year, condos climbed 24%, and townhouses jumped 38%. Buyers are clearly active—but the supply side tells a different story. With nine months of inventory for residential homes and eight months for both condos and townhouses, the market remains well within …

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