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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Best Family-Friendly Neighbourhoods in Kelowna

If you're looking for a place where your family can grow, explore, and feel at home, Kelowna has no shortage of great neighbourhoods—but knowing which ones truly fit your lifestyle makes all the difference. Here's a look at the top areas families are choosing, based on real livability: schools, parks, amenities, and value.

Glenmore & North Glenmore

Close to downtown, but far from busy—Glenmore blends city convenience with suburban calm. It’s packed with parks, playgrounds, and greenways, and offers a mix of established homes and newer builds. Schools like Dr. Knox and Kelowna Secondary are strong draws. Locals love the walkability and family-first vibe.

Why buyers like it: Safe streets, great…

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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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Buying a Condo with Two Dogs 

What You Need to Know About Strata Living in Kelowna

Finding the perfect condo in Kelowna when you have two dogs can feel like navigating a maze. Strata rules vary widely, and many pet-friendly buildings have limitations that make it challenging for dog owners—especially those with multiple pets. But don’t worry! We’ve got the inside scoop on how to navigate these hurdles and successfully purchase a condo that suits you and your furry companions.

Why Newer Developments Are More Pet-Friendly

As demand for pet-friendly housing rises, many newer condo developments in Kelowna are becoming more accommodating. Developers recognize the importance of pets in people’s lives and are keen to attract buyers with four-legged…

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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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