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December 1, 2025.With a new year around the corner, we're seeing more factors aligning to point to a better market ahead: rates, buyer confidence, Federal Budget Passed with some key housing initiatives, and talks for the loosening of AirBnB rules in Kelowna. And, the COVID phenom is almost a distant memory.
What is also in play is that 2025/2026 will see the bulk of mortgage renewals from COVID purchases. Most of these were at 1.5% to 2%. Now we are around 3.65-3.79% and even as high as 4.05%. People bought/refinanced during the Covid Years and market highs/rate lows, also aren't wanting to give their house away for more than they purchased it for.
We will continue to see this scenario through 2026. Buyers need to look for homes that match their criteria and offer good value (and they're out there!) If you're looking to buy or sell, it's important to choose an experienced real estate agent like those at Nyrose and Associates. For more information on the market, or to chat strategy contact the Kelowna Real Estate Pros at Nyrose & Associates 250-258-9888.
If you're looking to buy or sell Kelowna real estate, contact Nyrose & Associates today!
