Coffee With Andy: Weekly Kelowna Real Estate Market Update

Описание: There were 46 residential sales for the week ending Sunday November 16 2025 at a median sale price of $938,500. Both of these two numbers are relatively high compared to what we've been seeing recently so the Fall market continues and will likely humm and purr along until at least mid December.

Nationally, here in Canada home sales have now increased for six of the past seven months as declining interest rates and cheaper mortgage rates prompt buyers off the sidelines. The major driver of course was the Bank of Canada’s interest rate cut in September. With October’s rate cut will ought to see modest month over the coming months. The “let’s-wait-until-interest-rates-hit-rock-bottom” crowd are leaving the rental pool and getting into the housing market which is what every market across the country needs.

Spring is usually our busiest time of year and if rents hold steady like they’re supposed to we’re likely going experience a better 2026.

Let’s shift gears and look at Kelowna town houses. Sure, it’s a smaller segment of the marketplace compared to residential single family houses and apartments but it’s a stepping stone up from condos and also an attractive option for empty nesters as well. We have 410 active townhomes on the market and so far this year we have generated 586 sales. This works out to about 7 months of supply which is better for sellers compared to residential and apartments.



Andrew Smith

250-979-8066 (cell)
1-877-330-5884 (toll free)
www.okanaganbc.com

Royal LePage Kelowna
1-1890 Cooper Rd.
Kelowna BC. V1Y8B7