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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The Lakeshore Market in Kelowna

What Buyers Need to Know in 2026

Single-Family Homes vs Townhomes vs Condos

Buying along the lakeshore in Kelowna is about more than views. It is about lifestyle, long-term value, and understanding how different property types behave in a very limited market. From luxury single-family waterfront homes to lock-and-leave condos overlooking Okanagan Lake, each segment moves differently and attracts a distinct buyer profile.

Here is a clear look at how the lakeshore market is performing, and how buyers can approach it with confidence.

Why Lakeshore Real Estate Behaves Differently

Kelowna’s true lakeshore inventory is finite. New waterfront development is restricted, shoreline regulations are strict, and many…

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Why Working With a Realtor Still Matters in Today’s Market

Buying a home in the Okanagan has never been easier to browse online. With endless listing platforms, neighbourhood guides, and virtual tours, many buyers wonder if they can simply “figure it out” themselves. Yet time and time again, the most stressful real estate stories I hear come from situations where someone tried to go it alone. Information is everywhere, but insight is not, and the difference matters when you are making the biggest purchase of your life.

The Story of the “Perfect” Home That Wasn’t

Let’s imagine a buyer named Emma. She is smart, organized, and has been scrolling listings in Kelowna every night for months. One day she finds a beautifully renovated home in Rutland.…

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What Buyers and Sellers Should Expect in 2026

As we close out another year in the Okanagan, many homeowners and future buyers are asking what 2026 might bring. After a slower and more cautious 2025, the market is showing early signs of renewed stability. Forecasts from the Canadian Real Estate Association (CREA) suggest that next year will offer more balanced conditions, stronger sales activity, and steady price trends. When we combine that with what we are already seeing locally in the Okanagan, 2026 is shaping up to be a year where both buyers and sellers can make confident moves.

Looking Back at 2025: A Year of Adjustment and Stabilization

Across British Columbia, 2025 was a year where buyers took their time and sellers had to be more…

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Is December the Secret Weapon for Serious Buyers in the Okanagan?

Winter is quieter in the Okanagan, and that slower pace works in favour of buyers across Kelowna. With less competition in the market, more realistic pricing, and smoother negotiations, December often becomes one of the most strategic times to purchase a home in this region.

December also filters out the casual traffic. The people still searching in Kelowna and the greater Okanagan are the ones who are genuinely ready to make a move, which creates a more focused environment for buyers looking for the right property.

1. Less Competition Means More Control

When spring arrives in the Okanagan, listing activity jumps and so does buyer traffic. December is different. With fewer…

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November Market Snapshot for Kelowna Real Estate

As the crisp November air settles in and the last of the autumn leaves fall, many of us are shifting our focus indoors, preparing for the holiday season, cozy dinners, and maybe even planning for the year ahead. With Remembrance Day around the corner, it is also a time for reflection and gratitude for the people and places that make our community so special.

 

October’s real estate activity continued to show stability across most property types. Single family home sales reached 171 for the month, nearly identical to last October’s 175. The average sale price edged slightly higher to just over $1,024,000. Values remain steady and buyers are approaching their decisions with a bit more…

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Why ONE Water Street Is One of the Smartest Real Estate Buys in Downtown Kelowna 

When it comes to buying or investing in Kelowna real estate, ONE Water Street stands apart. This landmark development combines luxury design, resort-style amenities, and a premium downtown waterfront location. It continues to attract both local and out-of-province buyers who want an address that offers walkability, design, and long-term value.

If you are exploring downtown Kelowna properties or looking to make a confident investment in the Okanagan, here’s why ONE Water Street should be on your shortlist.

1. Prime Waterfront + Downtown Location

Located at 1181 and 1191 Sunset Drive, ONE Water Street connects Kelowna’s lively Cultural and Entertainment…

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