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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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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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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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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Central Okanagan Real Estate Market Update – July 2025

August is here, and with it comes some of the best summer vibes our community has to offer. The warm days, sparkling lake, and bustling patios make this one of the most vibrant times to enjoy the Okanagan. Alongside the summer buzz, the July real estate numbers tell a story of a market moving at a steady, deliberate pace.

Detached Homes

Detached home sales rose 13% compared to last July, with 198 transactions recorded. Year-to-date sales are up 17%, showing that buyers remain active in this segment. The average sale price climbed to $1,053,775 (a 3% increase), while inventory dipped slightly. Homes are still selling at 97% of list price, underscoring the importance of sharp, strategic…

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Sky’s the Limit: Kelowna High-Rise Growth 

Downtown Kelowna is growing up—literally. As of 2025, three major high-rise developments are reshaping the city’s skyline, and they’re bringing more than just glass and height. They’re adding housing, amenities, and long-term implications for property value, rental demand, and lifestyle downtown.

Water Street by the Park – 3 Towers | Tallest: 42 Storeys | Completion: 2026

Just steps from City Park and Okanagan Lake, Water Street by the Park is a three-tower development with 650 condo units. Tower One is sold out, and Tower Two (Eli) has limited inventory remaining, starting at $669,999. Completion is expected in 2026.

Amenities span over 42,000 sq. ft., including a year-round pool, lakeview gym,…

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Central Okanagan Real Estate

Market Update – June 2025

July is here, bringing with it everything we love about summer in the Okanagan—sunny mornings on the lake, long golden evenings, and the unmistakable energy that fills our communities this time of year. While locals are soaking up the season, the real estate market is showing signs of steady, purposeful activity.

Here’s a breakdown of how things are shaping up across different housing segments in the Central Okanagan:

Detached Homes

Sales of detached properties were up 17% compared to June 2024, a clear signal that buyers are still active and confident in this category. Prices saw a modest lift, reflecting healthy demand and competitive interest—especially for well-located,…

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Canada Day in Kelowna: What to Do and Where to Go (For New Homeowners & Long-Time Locals Alike)

Whether you've just moved in or you've lived here for years, Canada Day in Kelowna is the kind of day that reminds you why you chose this city. With live music, food vendors, fireworks, and full-on community energy, July 1st is packed with ways to explore your neighbourhood and feel right at home.

Here’s your quick, all-in-one guide to enjoying Canada Day 2025 in Kelowna:

Kelowna Canada Day 2025 Schedule at a Glance

Prospera Place – FolkFest Stage: 10:00 a.m. – 3:30 p.m.
Arts Common – Kelowna City Band Concert: 10:00 a.m. – 12:00 p.m.
Pioneer Gardens – Century 21 Family Zone: 11:00 a.m. – 4:00 p.m.
Kiwanis Family Stage: 11:00 a.m. – 4:00 p.m.
Jim…

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Bank of Canada Holds Rate Steady at 2.75% 

What This Means for Okanagan Buyers and Sellers

The Bank of Canada held its overnight rate steady at 2.75% this morning, signaling a wait-and-see approach as trade uncertainty clouds the outlook. While some were hoping for a rate cut, Governor Tiff Macklem confirmed the Bank is not ready to move until it has clearer signals on how tariffs and global policy shifts are impacting inflation and growth.

Why the Hold?
Despite stronger-than-expected GDP growth in Q1 (2.2%), much of it was driven by businesses front-loading exports to avoid tariffs. Inflation dropped to 1.7%, largely due to the removal of the federal carbon tax, but underlying inflation (excluding taxes) ticked up to 2.3%. Core inflation is…

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Selling This Summer?

7 Expert Tips to Make Your Okanagan Home Stand Out

Summer is peak real estate season in the Okanagan—and the competition is heating up. Whether you're selling a lakeside retreat or a family home in Kelowna, these seven tips will help your property shine and attract serious buyers.

1. Boost Your Curb Appeal

Your home's first impression starts at the curb. Summer buyers are drawn to vibrant gardens, manicured lawns, and a fresh exterior.

Quick Wins:

  • Mow the lawn regularly

  • Add colorful planters or hanging baskets

  • Power wash driveways and walkways

  • Repaint the front door with a welcoming color

In the Okanagan heat, low-maintenance native plants like lavender or sage make a…

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