The Bank of Canada announced on March 18 that it is holding its overnight rate at 2.25%, keeping the prime lending rate at 4.45%. While this decision was widely expected, it continues to shape how buyers and sellers approach the Kelowna real estate market this spring.

From what I’m seeing on the ground here in Kelowna, this kind of rate stability is helpful. Buyers are feeling a bit more confident knowing rates aren’t jumping again right now, but they’re still being careful with their decisions. Affordability is still a factor, so we’re seeing more thoughtful showings, second visits, and negotiation compared to the fast-paced markets we’ve had in the past.

For sellers, this means strategy matters more than ever. The homes that are priced right and…

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Living in the Lower Mission Kelowna

Homes, Beaches and Local Amenities

When people begin exploring neighbourhoods in Kelowna real estate, the Lower Mission is often near the top of the list. Located along the shoreline of Okanagan Lake just south of downtown Kelowna, this area combines lakeside living with everyday convenience. Residents have access to beaches, recreation facilities, restaurants, and shopping while still being only about 10 minutes from the downtown core.

Over the years, the Lower Mission has become one of Kelowna’s most established residential communities. For many homeowners, the appeal is simple. You can live close to the lake, walk or bike to parks and restaurants, and still have quick access to schools, grocery stores, and…

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Kelowna Short-Term Rental Rules May Change Again

What It Could Mean for the Local Real Estate Market

Kelowna’s real estate market could be facing another shift this year, particularly for condo owners and buyers interested in investment properties.

The City of Kelowna has confirmed that as many as 2,100 short-term rental units could become eligible again across the community once provincial restrictions are lifted. For anyone following the Kelowna real estate market, this is an important development that could influence both property values and buyer demand in certain buildings.

Why Short-Term Rentals Were Restricted

In May 2024, the Province of British Columbia introduced legislation that significantly restricted short-term rentals in many…

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Central Okanagan Market Pulse
March 2026

With Spring Break just around the corner and the days stretching a little longer, there’s a sense of energy around the Central Okanagan. Aside from one brief cold snap in February, it has felt like spring for most of the winter, and many homeowners are already thinking ahead to the busier season as we move toward March. And don’t forget, we “spring forward” this weekend, so be sure to set your clocks ahead one hour and enjoy the extra evening light.

Market Snapshot – February 2026 vs 2025

Single-Family

  • # of Sales: 115 â–Ľ6%

  • Avg. Sale Price: $1,025,816 â–Ľ10%

  • Median Sale Price: $873,125 â–Ľ17%

  • Days on Market: 78 â–˛10%

  • List-to-Sale Price Ratio: 95%

Condo

    …

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