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October 1, 2025. After a long stretch of hesitation, Kelowna’s real estate market is starting to move again. All three housing types posted double-digit gains in both sales volume and price year-over-year, a clear sign that momentum is returning.
The year-over-year jump in sales is strong but measured. This isn’t a frenzy. It’s the type of steady growth that signals stabilization rather than a boom. That’s healthy for buyers and sellers alike.
We’re starting to see the domino effect we've been waiting for. It begins with single-family homeowners selling, which opens the door for them to downsize into townhomes. At the same time, condo sellers are finding buyers, allowing them to move up into those same townhomes. Each step fuels the next, creating movement along the housing ladder and building the kind of momentum that sets Kelowna up for a healthier, more balanced market in 2026.
Thinking about buying or selling in Kelowna? Call us at 250-258-9888.
Kelowna’s condo market is showing steady recovery with a few twists. Recent completions of large concrete and wood-frame buildings that sold years ago have added a wave of new listings. At the same time, new presales have been slower as many first-time buyers wait for clarity on the federal GST rebate program. Even so, resale activity has picked up and year-over-year numbers are firmly in the double digits. Condos remain the entry point for many buyers, and renewed confidence here helps fuel the rest of the housing ladder.
Kelowna’s townhome market is beginning to stir after a slower year. Traditionally the “meat and potatoes” of the market, activity was held back as many downsizers needed to sell a single-family home first, and upsizers needed to sell a condo before moving up. With sales improving in both those categories, townhomes are now showing signs of life. Year-over-year, numbers are up double digits, and if the housing ladder keeps moving, townhomes could be well-positioned for a stronger 2026.
Single-family homes have been the surprise plot twist of 2025. After several years of sluggish activity, sales are beginning to rebound with double-digit gains year-over-year. This renewed movement at the top of the housing ladder is critical, as it unlocks downsizers to purchase townhomes and sets the domino effect in motion. Prices are also climbing, but at a steady pace that suggests stability rather than overheating. All eyes are on single-family to see if this momentum can carry forward into 2026.
If you're looking to buy or sell Kelowna real estate, contact Nyrose & Associates today!
