Hello,
As we head into the final quarter of 2025, one question is on everyone’s mind: Are home prices in Kelowna about to slip?
🏡 Quick Market Snapshot
Kelowna's real estate market has been relatively steady this year. Detached homes continue to perform well, while condos are showing signs of price softening, with more listings and slower absorption. Nationally, experts are forecasting a mild 2% decline in home prices through year-end — but the Okanagan is positioned more favourably than other markets in Canada.
🔍 What to Watch in Q4
As we move into the final stretch of 2025, there are a few key signals we’re keeping a close eye on. First, interest rate announcements from the Bank of Canada could be game-changers — if we see a cut, buyer activity may pick up quickly. At the same time, inventory levels (especially in the condo market) are rising, and if that trend continues, it will put even further downward pressure on pricing in more competitive segments. The potential change in rental rules could have very positive impacts on the markt, especially for condos.
We’re also tracking how long homes are staying on the market; longer timelines typically mean buyers have more leverage. Sales volumes tell us if confidence is holding or fading — and finally, local employment and economic stability remain crucial. If job numbers stay strong in the Okanagan, that’s good news for housing demand. Right now, detached homes are holding steady, but condos and townhomes may see more movement.
✅ What You Can Do
Buyers: Stay alert for opportunities, especially in segments with more inventory like condos
Sellers: Pricing and presentation matter more than ever — and be ready for longer timelines.
Homeowners: Now’s a smart time to evaluate your equity, upgrade strategically, or plan for next year.
If you would like a personalized update for your neighbourhood or price range we would be more than happy to help so please reach out anytime.
Thank you,
Shannon & Tamara
