Found 9 blog entries tagged as buyers.

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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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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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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First-Time Buyer

Tips for Summer 2025 in Kelowna

Thinking about buying your first home in Kelowna this summer? Here's what first-time buyers need to know—based on the latest numbers from May 2025.

1. Inventory Is Working in Your Favour

Inventory continues to climb across all property types, giving buyers more choice and more time. As of May, there were over 3,400 active listings in the Central Okanagan—a steady rise since earlier this spring.

Why it matters: More listings mean more leverage. Buyers have breathing room to shop, compare, and negotiate.

2. Detached Homes Are Selling, But Without the Rush

Detached home sales rose 3.2% year-over-year in May, with 450 homes sold. The average price increased 8.75% YoY to $1,150,234. Days on…

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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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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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Navigating the New Tenancy Laws of 2024

Implications for the Okanagan Real Estate Market

Hi, Okanagan friends! It’s Gillian from Goldilocks Estates, here with some crucial updates about our local real estate market. The new tenancy laws of 2024 have introduced significant changes that both buyers and sellers need to be aware of. These updates aim to create a fairer balance between landlords and tenants, and I'm here to help you understand what this means for you.

Key Changes in the Tenancy Laws

Protection for Seniors in Retirement Homes One of the most notable changes is the protection of residents in retirement homes from illegal rent increases and evictions. This is fantastic news for our senior community, offering them peace of mind and…

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BC Policy Changes for 2024

What Okanagan Buyers and Sellers Need to Know

Hey Okanagan friends,

Exciting news from Goldilocks Estates about BC's latest policy changes! These updates are designed to make owning a home in Kelowna more achievable than ever. Here's a quick overview:

First-Time Homebuyers’ Program

Starting April 1, 2024, the threshold for the First-Time Homebuyers’ Program has increased from $500,000 to $835,000. This change is designed to help more people purchase their first home. Here’s how it works:

  1. Exemption on Property Transfer Tax: Qualifying individuals buying homes up to $835,000 now receive an exemption on the property transfer tax for the first $500,000 of the home’s value. This means potential savings of…

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Embracing Opportunities in the Okanagan Real Estate Market

In this ever-evolving market, it's natural to feel hesitant when considering selling or buying a new home. However, it's crucial to remember that every change brings new opportunities. By shifting your perspective and focusing on the positive aspects of the current market, you can navigate with confidence and make informed decisions. In this blog, we'll delve deeper into the strategies for success in both buying and selling in the Okanagan region this fall.

The Buyer's Arena: Strategies for Success

Now is an opportune time to explore the varied properties available in the Okanagan. By being proactive, you're not merely reacting to the market's ebbs and flows; you're positioning yourself…

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