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KELOWNA REAL ESTATE MARKET REPORT

Stats & Updates

Nyrose & Associates are your Neighbourhood Specialists. If you’re looking to see what homes are selling for and market activity in a particular neighbourhood, visit our Neighbourhood Pages for up-to-date Kelowna Real Estate Market Neighbourhood Stats.

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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December 31, 2022
Cooling Off Period - BC Real Estate News

The government has introduced a cooling off period for buyers, in response to the 2021-early-2022 hot real estate market that saw many buyers putting in unconditional offers on their home purchases. Beginning January 1, 2023, home buyers can rescind their purchase contract within 3 days of a seller accepting it, should they change their mind. […]

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December 31, 2022
BC's New Strata Legislation

New Strata Laws - Here's What Happened in Real Estate in 2022 New strata legislation came into effect in November 2022 that deemed almost all rental by-laws no longer enforceable. A couple of bylaws that remain in effect include short-term rental bylaws prohibiting Airbnb type rentals and age restrictions for 55-and-over strata communities/buildings. This was […]

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December 1, 2022
Kelowna Real Estate Stats - Market Update - Here's What Happened in November 2022

Kelowna Real Estate Stats & Trends - Market Watch With Kelowna Realtor Darcy Nyrose December 1, 2022 - In this month's Kelowna Market Watch report, REALTOR® Darcy Nyrose provides a synopsis for what's currently happening in the Kelowna real estate market. Sales volume is down across the board in November (vs October 2022 and Nov. […]

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