July 1, 2025
We're halfway through 2025, and a lot has happened with regard to real estate. One of the most recent impacts on the market is the brand new GST Exemption on new-builds for first time home buyers (conditions apply). In 2025, the Property Transfer Tax exemption threshold for new builds was increased, making many brand new homes more financially accessible for eligible buyers. Both of these initiatives are putting a spotlight on new build projects and buyers are taking their time comparing resale vs new.
Curious how it’s playing out locally? Dive into our June market snapshot below, then get in touch to learn how to navigate the current market.
There are a lot of great homes on the market right now which is great news for buyers. For sellers, let's work together to ensure your home stands out. So, if you're looking to buy or sell in Kelowna, give us a call at 250-258-9888.
Townhome inventory remained steady, but sales took a breather—down 21% from May. Prices stayed relatively flat month over month.
Inventory climbed again in June, now up 23% year-over-year. But despite more choice, sales volume dipped while average prices held strong—up 11% from last June.
If you're looking to buy or sell Kelowna real estate, contact Nyrose & Associates today!