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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How U.S. Tariffs Could Impact BC Housing

The potential for new U.S. tariffs on Canadian imports has sent ripples through the economy—and BC’s housing market won’t be immune. With rising tensions and uncertain economic forecasts, buyers and sellers in the Okanagan need to be prepared for how these changes could affect home prices, mortgage rates, and market activity in the months ahead.

The Economic Outlook: What’s Changing?

Canada’s economy was on track for stronger growth in 2025, but the threat of U.S. tariffs has changed the conversation. The U.S. is Canada’s largest trading partner, and any disruption to that relationship could slow economic growth, impact jobs, and trigger policy changes—all of which could affect real estate in BC.

What…

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Kelowna Market Update

As 2024 wrapped up, the Kelowna real estate market showed clear signs of stability, setting the stage for a potentially balanced and opportunity-filled 2025. Here’s a closer look at what the latest data means for buyers and sellers—and how you can take advantage of these trends.

What December's Numbers Say

  • Sales Activity: December saw 716 residential sales across the region—a typical seasonal dip from November but a remarkable 30.7% increase compared to December 2023.
  • Inventory Growth: New listings rose by 7.9% year-over-year, with 928 properties added in December. Active inventory jumped 14.1%, offering buyers more options than we’ve seen in years.
  • Price Shifts:
    • Single-family homes showed steady price growth…

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What You Need to Know

About BC’s New Home Flipping Tax

As the Okanagan real estate market continues to evolve, it’s important to stay informed about new regulations that could affect your decisions. One such change is BC’s Home Flipping Tax, introduced to discourage rapid property resales and promote housing stability.

For homeowners in Kelowna and throughout the Okanagan, understanding this tax and how it could impact your property’s value is essential.

BC Home Flipping Tax: The Basics

This tax applies to properties resold within two years of purchase. While it’s designed to target speculative investors, it can also affect regular homeowners selling sooner than planned.

How Does It Work?
  • Eligibility: The tax applies to most…

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2025 Housing Market Trends for the Okanagan

As we step into 2025, there’s plenty of optimism for homeowners and buyers alike. According to RE/MAX Canada’s latest Housing Market Outlook, residential prices are expected to grow nationwide this year. Here in the Okanagan, this signals an exciting year ahead in our local real estate market.

Key National Trends for 2025

  • National Average Price to Rise by 5%
    With interest rate cuts in late 2024, prices are rebounding across Canada.

  • A Surge in Seller’s Markets
    Nearly half of all regions are forecasted to favor sellers.

  • Increased Buyer Optimism
    Changes to mortgage stress tests and other affordability measures have made 50% of Canadians feel more confident about homeownership compared…

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Preparing Your Kelowna Home for Winter

Kelowna winters may be milder than some parts of Canada, but don’t be fooled! Winterizing your home is still key to staying cozy, saving on energy bills, and protecting your property from the chill. Whether you’re new to the area or a seasoned resident, here’s your go-to guide for getting your home ready for winter in Kelowna. Let's dive in!

1. Inspect and Seal Windows and Doors

Heat loss through windows and doors can significantly increase your energy bills. In Kelowna’s colder months, sealing these leaks can make a big difference:

  • Caulking and Weatherstripping: Inspect the edges of windows and doors for drafts. Use weatherstripping for movable parts and caulk for fixed joints to keep warm air in…

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As the crisp air of fall begins to set in, Kelowna’s real estate market remains a hot spot for sellers. The autumn season offers a unique opportunity for homeowners to showcase their properties with cozy charm and appeal. With the summer rush behind us, serious buyers are ready to find their next home before the year ends. If you're thinking about selling, now is the perfect time to take advantage of the fall market in the beautiful Okanagan region. Here are some tips to help you prepare your home and make it stand out to potential buyers.

1. Embrace Curb Appeal with Seasonal Décor

First impressions matter, and curb appeal is your home's handshake. Use the fall season to your advantage by enhancing your home's exterior. Add some potted mums, a new…

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