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The Den. Inside Kelowna Real Estate 

Kelowna Real Estate Stats, Tips & Info to Help You Make Your Move. The team at Nyrose & Associates are Your Kelowna Real Estate Pros.

We have the pulse on the Kelowna Market and are here to help you with all your real estate needs. If you're looking for resources, information or tips we invite you to browse through our blog. We provide regular updates on things YOU Need to Know.

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June 5, 2024
Canada Interest Rates Lowered

June 5, 2024 Bank of Canada reduces interest rate to 4.75%. The interest rate has held steady at 5% since July 2023. This is the first time the Bank of Canada has lowered rates since they began raising them in 2022. This decision comes after inflation slowed to 2.7% in April, it's lowest in three […]

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June 1, 2024
Kelowna Real Estate Stats - Market Update - Here's What Happened in May 2024

Kelowna Real Estate Stats & Trends - Market Watch With Kelowna Real Estate Agent Darcy Nyrose June 1, 2024 The weather dampened the May real estate market a bit, making it more difficult for our out-of-town buyers from the Lower Mainland and Alberta to make the drive over. How is the short-term rental ban and […]

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May 1, 2024
Kelowna Real Estate Stats - Market Update - Here's What Happened in April 2024

Kelowna Real Estate Stats & Trends - Market Watch With Kelowna Real Estate Agent Darcy Nyrose May 1, 2024 In this month's Market Report, experienced Kelowna Real Estate Pro, Darcy Nyrose, takes a look at what happened in the market in April 2024. BC's new legislation surrounding short-term rentals went into effect today, and we've […]

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April 10, 2024
Interest Rates Hold

April 10, 2024 As expected, the Bank of Canada held its key interest rates at 5%. The central bank emphasized that while inflation remains elevated, there has been a downward trend in core inflation measures, which exclude volatile sectors such as food and energy, over recent months. Addressing queries during a press briefing subsequent to […]

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April 1, 2024
Kelowna Real Estate Stats - Market Update - Here's What Happened in March 2024

Kelowna Real Estate Stats & Trends - Market Watch With Kelowna Real Estate Agent Darcy Nyrose April 1, 2024 In this month's Market Report, experienced Kelowna Real Estate Pro, Darcy Nyrose, takes a look at what happened in the market in March 2024. The spring market has started a bit early with more homes hitting […]

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March 1, 2024
Kelowna Real Estate Stats - Market Update - Here's What Happened in February 2024

Kelowna Real Estate Stats & Trends - Market Watch With Kelowna Real Estate Agent Darcy Nyrose February 1, 2024 In this month's market report, Darcy talks about how Kelowna's spring market has come early. With the holding of interest rates, Buyers have re-ignited their search and Prospective Home Sellers have gotten their homes listed ahead […]

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February 1, 2024
Kelowna Real Estate Stats - Market Update - Here's What Happened in January 2024

Kelowna Real Estate Stats & Trends - Market Watch With Kelowna Real Estate Agent Darcy Nyrose February 1, 2024 In this month's market report, Darcy takes a look at what happened in January 2024 and what we can expect to see this upcoming spring. Here's an interesting fact that Darcy observed: over 1/3 of the […]

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January 1, 2024
Kelowna Real Estate Stats - Market Update - Here's What Happened in December 2023

Kelowna Real Estate Stats & Trends - Market Watch With Kelowna Real Estate Agent Darcy Nyrose January 1, 2024 What's in store for 2024? In this month's Market Watch, experienced Kelowna Realtor Darcy Nyrose provides insight and predictions into Kelowna's real estate market and what we can expect to see in 2024. From interest rates […]

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December 1, 2023
Kelowna Real Estate Stats - Market Update - Here's What Happened in Nov 2023

Kelowna Real Estate Stats & Trends - Market Watch With Kelowna Real Estate Agent Darcy Nyrose December 1, 2023 In this month's Kelowna Real Estate Market Report, Kelowna Realtor Darcy Nyrose recaps the current real estate market and what happened in November 2023. With incoming proposed changes to short term rental bylaws and regulations, we're […]

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November 1, 2023
Kelowna Real Estate Stats - Market Update - Here's What Happened in Oct 2023

Kelowna Real Estate Stats & Trends - Market Watch With Kelowna Real Estate Agent Darcy Nyrose November 1, 2023 In this month's Kelowna Real Estate Market Report, Kelowna Realtor Darcy Nyrose talks about winning at real estate by playing the long game. It's a lot like football. When you strategize with the mindset of patience […]

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October 1, 2023
Kelowna Real Estate Stats - Market Update - Here's What Happened in Sept 2023

Kelowna Real Estate Stats & Trends - Market Watch With Kelowna Real Estate Agent Darcy Nyrose October 1, 2023 If September's real estate sales seem low, it's not your imagination. This was the least amount of sales in the Central Okanagan for the month of September in at least the past ten years. With only […]

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September 1, 2023
Kelowna Real Estate Stats - Market Update - Here's What Happened in Aug 2023

Kelowna Real Estate Stats & Trends - Market Watch With Kelowna Realtor Darcy Nyrose September 1, 2023 Often in the Kelowna real estate market, August slows down a little bit. Out-of-town buyers are on their way home (many Alberta school districts start in late-August, as an example), and our local families try and take advantage […]

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August 1, 2023
Kelowna Real Estate Stats - Market Update - Here's What Happened in July 2023

Kelowna Real Estate Stats & Trends - Market Watch With Kelowna Realtor Darcy Nyrose August 1, 2023 On July 12, 2023, the Bank of Canada announced another interest rate hike, right on the heels of one in June. Leading to this announcement, many were speculating if rates would hold, continue to raise, or even go […]

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July 12, 2023
Interest Rates Go Up

July 12, 2023 - The Bank of Canada has raised its interest rate by another 25 points to 5 per cent, right on the heals of June's rate increase. While this wasn't unexpected today, many are wondering how this will affect the real estate market moving forward. New Developments If the Developer has not yet […]

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July 1, 2023
Kelowna Real Estate Stats - Market Update - Here's What Happened in June 2023

Kelowna Real Estate Stats & Trends - Market Watch With Kelowna Realtor Darcy Nyrose July 1, 2023 It's July, the longest day of the year is behind us, and we're halfway to 2024. This allows us to have excellent insight on what's happened in our real estate market so far this year, as well as […]

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June 1, 2023
Kelowna Real Estate Stats - Market Update - Here's What Happened in May 2023

Kelowna Real Estate Stats & Trends - Market Watch With Kelowna Realtor Darcy Nyrose June 1, 2023 Great news is that this spring we're seeing a more balanced market which is better for everyone. A balanced market is one where there is approximately 4-6 months of inventory and it's great to see all home categories […]

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May 1, 2023
Kelowna Real Estate Stats - Market Update - Here's What Happened in April 2023

Kelowna Real Estate Stats & Trends - Market Watch With Kelowna Realtor Darcy Nyrose May 1, 2023 Qualified buyers are back! We're seeing buyers who are ready to purchase coming from out-of-town, out-of-province and locally as well. We're also seeing more and more sellers ready to price their homes at current fair market value. This […]

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April 12, 2023
2023 Canada Interest Rates

April 12, 2023 - The Bank of Canada announced today that it will continue to hold its key interest rate at 4.5%. 2021 and the early months of 2022 saw low inventory, record-high housing prices and low interest rates. It was a combination that resulted in further reducing inventory and escalating real estate prices. In […]

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April 1, 2023
Kelowna Real Estate Stats - Market Update - Here's What Happened in March 2023

Kelowna Real Estate Stats & Trends - Market Watch With Kelowna Realtor Darcy Nyrose April 1, 2023 It's The New Normal. In this month's Kelowna real estate market update, Darcy provides excellent insight into the past year. Since April 2022, we've seen a calming of the market. With interest rate hikes and buyer uncertainty, a […]

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March 1, 2023
Kelowna Real Estate Stats - Market Update - Here's What Happened in Feb 2023

Kelowna Real Estate Stats & Trends - Market Watch With Kelowna Realtor Darcy Nyrose March 1, 2023 Watch as Darcy Nyrose shares what happened in the Kelowna Real Estate Market in February 2023 and why he's pumped for the rest of 2023.    When comparing to last year's numbers, don't worry. February 2022 was crazy. […]

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February 1, 2023
Kelowna Real Estate Stats - Market Update - Here's What Happened in Jan 2023

Kelowna Real Estate Stats & Trends - Market Watch With Kelowna Realtor Darcy Nyrose February 1, 2023 - Watch as Darcy Nyrose shares what happened in the Kelowna Real Estate Market in January 2023 and why he's excited for the spring market. We've all just experienced the upward tailspin that was 2021/early-2022 Kelowna real estate. […]

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January 13, 2023
2022-2023 Interest Rates

Updated - Feb. 2023 - 2021 and the early months of 2022 saw low inventory, record-high housing prices, and low interest rates across Kelowna (and many cities in Canada). Inflation peaked at 8.1% in June and has been declining since. November's inflation rate was 6.8%. February 2023's inflation rate is 5.92%. In efforts to tame […]

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January 1, 2023
Kelowna Real Estate Stats - Market Update - Here's What Happened in Dec 2022

Kelowna Real Estate Stats & Trends - Market Watch With Kelowna Realtor Darcy Nyrose January 1, 2023 - You know the saying "in like a lion and out like a lamb"? That is a great way to describe the real estate market in 2022. The market started out HOT, and with far more buyers than […]

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December 31, 2022
Foreign Buyer Restrictions

Foreign Buyer Ban - 2023 BC Real Estate News Earlier in 2022, the Canadian government announced a two-year restriction on foreign buyers purchasing real estate in Canada. This was in an attempt to curb speculation buying and quickly-increasing home prices across the country. In addition, the restrictions are meant to allow Canadian buyers the opportunity […]

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