Kelowna Real Estate News & Market Trends

You’ll find our Kelowna, BC blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

May 15, 2025

Top things to do in Kelowna this may long weekend.

Explore Kelowna’s best spring events, outdoor fun, and lifestyle experiences.

The May long weekend is the perfect time to experience what makes life in Kelowna so special. Whether you’re considering a move here or already call the Okanagan home, this vibrant city offers something for everyone—from wine lovers and motorsports fans to golfers and families.

Here are some top things to do this May long weekend:

🏁 1. Knox Mountain Hill Climb (May 17–18)

A true Kelowna tradition, the Knox Mountain Hill Climb returns for its 66th year. This thrilling motorsports event draws drivers and fans from all over Canada. While the park is closed to the general public during the race, ticket holders can enjoy a close-up look at the action—and an impressive car show at the mountain’s base.

Just another reason Kelowna offers such a dynamic lifestyle—where else can you live minutes from mountain trails and motorsport excitement?

🚶‍♀️ 2. Meet Me on Bernard

Bernard Avenue becomes a pedestrian paradise during the warmer months, and the long weekend kicks it off. Stroll through outdoor patios, street vendors, live music, and more in Downtown Kelowna.

Downtown living has never looked better—this is urban Okanagan life at its finest.

🍷 3. Wine Tours & Tastings

The Okanagan Valley is famous for its wine, and Kelowna is at its heart. Spend the weekend touring top wineries like Mission Hill, Quails’ Gate, and Tantalus. Whether you book a guided tour or explore on your own, you’ll find stunning vineyard views and award-winning wines.

Living in Kelowna means world-class wine is always just around the corner.

⛳ 4. Tee Off at a Top-Rated Golf Course

Kelowna’s golf scene is second to none. The courses are open, green, and ready for play this long weekend. Try these local favourites:

The Harvest Golf Club – Set among orchards with lake and mountain views.

Gallagher’s Canyon – A canyon-side challenge for seasoned golfers.

Tower Ranch – Scenic elevation changes and championship-level design.

Imagine calling this your backyard—many of Kelowna’s top neighbourhoods are just minutes from these fairways.

🎶 5. Live Music & Unique Events

From intimate winery concerts to quirky events like Yoga & Horse Meditation at The View Winery, Kelowna has plenty of entertainment options this weekend. Catch local and national talent performing at venues across the city.

🚗 6. Classic Cars & Collectibles

Pair your trip to the hill climb with the Knox Mountain Car Show or explore one-of-a-kind items at the Okanagan Collectors Fest. Great for families and collectors alike!

Why This Matters if You’re Thinking of Moving to Kelowna

Events like these showcase the lifestyle that makes Kelowna such a desirable place to live. With world-class recreation, a strong sense of community, and year-round activities, it’s easy to see why so many people are making the move.

👉 Looking for your next home in Kelowna? Start your search at HomeSearchKelowna.com or contact me today to learn more about local neighbourhoods and upcoming listings.

Posted in blog
May 12, 2025

105 945 Lawrence

Congratulations to my amazing out-of-town clients on the successful purchase of their new home!

It was a pleasure helping you navigate the process from afar and secure the perfect property here in the Okanagan. Welcome to your new chapter — I can't wait for you to experience everything this beautiful area has to offer!

 

 

Posted in blog
May 7, 2025

April Real Estate Market Update

📈 Market Overview – April 2025

The market continues to show strength, with both listings and sales increasing year-over-year. While some segments are seeing price adjustments, others are trending upward—especially for detached homes and townhouses.

🔹 Total Listings: 4,814 (📈 +8.67% vs. April 2024)

🔹 Total Sales: 1,394 (📈 +10.02%)

🔹 List-to-Sales Ratio: 28.96% (steady)

🔹 Average Days on Market: 72 days (📈 up from 66)

 

🏡 Detached Homes – Steady Growth and Buyer Interest

New Listings: 1,893 (📈 +9.99%)

Sales: 584 (📈 +17.27%)

Average Price: $1,078,012 (📈 +5.72%)

Median Price: $970,000 (📈 +4.95%)

Average Days to Sell: 61

📌 Insight: Detached homes remain in high demand, with prices remaining fairly stable and more listings creating opportunities for both buyers and sellers. Average price saw a bit of a bump due to few higher price listings selling.

 

🏢 Condos – Inventory Up, Prices Down Slightly

New Listings: 1,109 (📈 +12.25%)

Sales: 332 (📈 +6.41%)

Average Price: $477,677 (📉 -3.60%)

Median Price: $433,500 (📉 -5.66%)

Average Days to Sell: 65

📌 Insight: While more condos are coming to market and sales are increasing, prices have dipped, creating a potential buying window for investors or first-time homebuyers.

🏘 Townhouses – Solid Demand, Rising Prices

New Listings: 628 (📈 +10.37%)

Sales: 213 (📈 +6.5%)

Average Price: $734,736 (📈 +4.99%)

Median Price: $702,000 (📈 +5.02%)

Average Days to Sell: 60

📌 Insight: Townhomes continue to attract steady buyer interest, with prices trending upward. A great segment for both move-up buyers and downsizers looking for space and value.

 

💬 What Does This Mean for You?

➡️ Sellers: Increased inventory means more competition, so strategic pricing and marketing are key. Detached homes and townhomes continue to see slight price appreciation.

➡️ Buyers: With more listings available across all major property types, and some softening in condo prices, this could be a great time to secure value before interest in the summer market heats up.

 

🤝 Let’s Chat About Your Next Move

Whether you're considering buying, selling, or just want to stay on top of the market, I’m here to help with expert insight and proven local knowledge.

 

250-317-4599-Tyler@tylerzeeman.com

Posted in blog, Market Updates
April 24, 2025

Coming Soon 3240 Pooley Road

A true Okanagan Icon is hitting the market this week 3240 Pooley Road Vibrant Vines In east kelowna will be available for purchase at $7,500,000

Welcome to an unparalleled offering in the heart of southeast kelowna, just minutes from downtown yet surrounded by nature, privacy and sweeping valley views. Set on 11.3 acres, this remarkable property presents a rare blend of residental luxury and commercial potential. At the heart of the estate is a 10,000+ Sqft Resident offering total pricacy amidst beautifully landscaped award winning gardens and 180- degree viewings of the city and valley. Designed for entertainning and everyday living alike. the home includes a pricate pool, a spacious 2- bedroom guest suite and plenty of room to expand. Perfect as a family estate , an upscale wedding venue or a luxury agritourism destination,the possilities here are as expansives as the views. Complementing the residence is a thriving 6 acre vineyard and a 7,500 Sqft winery and entertainment facility home to the award winning vibrant vines winery rated #1 in kelowna and # in canada on trip advisor. The winery is fully operational with the current owners open to a long-term lease-back arrangement to continue managing the business and its loyal following. Whether your looking to create a personal sanctuary, invest in a growing business, or develop an iconic okanagan destination, this property delivers on every level.

 

For more details or to schedule a private viewing before it goes live on friday. 

Tyler Zeeman 

250-317-4599

Tyler@Tylerzeeman.com

Posted in blog
April 7, 2025

Kelowna Real Estate Market Update – March 2025

As we move into Spring, The Kelowna Real Estate market continues to show steady momentum, With inventory and sales both trending upward, buyers and sellers are seeing more movement and more opportunity than this time last year. 

 

Here is a break down of the latest stats from the association of interior REALTORS. 

The Market Remains active and competitive with year over year increases across key indicators suggests we are heading to a balanced market. 

Total Listings: 3,418 (+9.10 From March 2024)

Total Sales: 948 (+15.61% From March 2024)

List to sell ratio: 27.74 (up slightly from 2024)

 

Single Family 

New Listings: 1,360 (+15.25%)

Sales: 381 (+21.73%)

Average Price: $1,100,580 

Average days: to sell: 66 days 

Inventory is growing, but so is demand particularly in the $700-$1,200,000 price range. This is the hot spot for buyers right now.

 

Condos

New Listings: 788 (+8.84%)

Sales: 233 (15.35%

Average Price: $471,372 (-3.19%)

Average days to sell: 71

Condo sales are climbing even as prices dip slighting. Wood frame low rise are still preforming while the new high rise building are facing high inventory levels and high construction costs.

 

Townhomes

New Listings: 464 (+11.81)

Sales: 146 (+13.18)

Average price: $754,396 (+9.33%)

Average days to sell: 61

Townhomes are popular with buyers looking for more space without the single family price tag. With values rising steadily, this segment is a solid win for sellers right now.

 

What does this mean for you. 

Sellers: With more inentory entering the market, its essential to price competitively and market strategically. Detached homes and townhomes are seeing the biggest gains. 

Buyers: You have more choice right now and in some segments especially condos pricing is favourable. If you're planning to buyer this year. Now may be your best window before spring demand pushes prices higher.

 

Thinking of buyer or selling?

Lets talk strategy. Weather you're looking to upsize downsize or invest. I am here to help you navigate the market with confidence

Call 250-317-4599

Email Tyler@tylerzeeman.com

Posted in blog
Oct. 25, 2023

The Ultimate Guide to Buying Your Dream Home in Kelowna, BC

Kelowna, British Columbia, is a paradise for real estate enthusiasts. With its stunning landscapes, beautiful neighbourhoods, and thriving community, it's no wonder that many people are eager to call Kelowna their home. In this guide, we will explore the ins and outs of buying your dream home in Kelowna and provide valuable insights to make your real estate journey a success.

 

Section 1: The Kelowna Real Estate Market Overview

Start with an overview of the current state of the real estate market in Kelowna. Include statistics on property prices, trends, and any notable developments.

Discuss what makes Kelowna an attractive market for buyers, such as the natural beauty, strong economy, and lifestyle.

Section 2: Choosing the Right Neighborhood

Provide an overview of different neighbourhoods in Kelowna, highlighting their unique characteristics and amenities.

Mention popular neighbourhoods for different preferences, like family-friendly areas, downtown living, or proximity to schools and recreational facilities.

Section 3: Home Buying Process in Kelowna

Explain the step-by-step process of buying a home in Kelowna, from getting pre-approved for a mortgage to closing the deal.

Highlight any local regulations or nuances that buyers should be aware of.

Section 4: Financing Your Dream Home

Discuss various financing options, including mortgages, down payments, and the best practices for securing a loan in Kelowna.

Offer advice on how to budget and prepare for the financial aspect of home buying.

Section 5: Working with a Kelowna Realtor

Emphasize the importance of hiring a local realtor who understands the Kelowna market.

Share tips on how to select the right realtor and how they can assist in finding your dream home.

Section 6: Property Inspection and Due Diligence

Explain the significance of property inspections and the importance of due diligence before purchasing a home.

Provide a checklist for buyers to ensure they consider all necessary aspects of a property.

Section 7: Moving and Settling In

Share practical tips on moving, including finding movers, setting up utilities, and adjusting to life in Kelowna.

Highlight local amenities, schools, and services to help newcomers settle in.

 

Kelowna, BC, offers an incredible opportunity for those looking to buy their dream home. With the right guidance and information, you can make an informed decision and enjoy all that this beautiful city has to offer. If you're ready to start your real estate journey in Kelowna, don't hesitate to reach out to a local realtor for personalized assistance.

 

Posted in blog
Oct. 16, 2023

B.C. Government Takes Action to Regulate Short-Term Rentals and Address Housing Needs

The British Columbia government is on a mission to curb the exponential growth of short-term rentals that has been contributing to housing shortages. Premier David Eby and Housing Minister Ravi Kahlon have introduced legislation to address the rapid expansion of the short-term rental market in the province. This article will explore the key points of the legislation and its potential impact on the housing market.

The Short-Term Rental Market Boom

The government's decision to introduce new regulations comes in response to a significant increase in short-term rental properties in recent years. Premier David Eby expressed concern about the proliferation of what he calls "profit-driven mini-hotel operators." This sector has been growing rapidly, largely due to the popularity of online platforms like Airbnb, VRBO, Expedia, and FlipKey. The rise in short-term rentals is attributed in part to the effects of the COVID-19 pandemic, with travellers seeking alternatives to traditional hotels.

New Legislation to Tackle the Issue

Housing Minister Ravi Kahlon has taken the lead in presenting the legislation aimed at addressing the challenges posed by short-term rentals. The core elements of this legislation include:

Data Sharing: Short-term rental platforms will be required to share data with the province for enforcement and tax purposes. This will help the government regulate these rentals effectively.

Restrictions on Location: The legislation will limit short-term rentals to a host's primary residence or a basement suite or laneway home on their property. This restriction is designed to ensure that short-term rentals don't lead to a scarcity of available housing for long-term renters.

Applicability to Larger Communities: Most of the regulations will apply to communities with populations of 10,000 or more. This approach recognizes that larger urban areas may face more acute housing shortages.

Host and Platform Registry: The government plans to establish a provincial host and platform registry by the end of next year. This registry will help track and enforce the new rules effectively.

Addressing Housing Needs

The new legislation is driven by a desire to create more housing opportunities in British Columbia. By regulating short-term rentals, the government aims to ensure that housing supply isn't further strained by the growth of these rentals. The focus on high-need areas is essential for the legislation's success, as it targets regions where the housing crisis is most acute.

 

The introduction of legislation to regulate the short-term rental market in British Columbia is a significant step toward addressing housing challenges in the province. By implementing these regulations, the government aims to strike a balance between allowing property owners to utilize their spaces for short-term rentals and ensuring there's enough housing available for long-term renters. This move is expected to have a lasting impact on the real estate market and housing availability in B.C.

Posted in blog
Oct. 5, 2023

Buying with High Interest Rates and Low Prices: A Wise Investment Strategy?

As a realtor based in Kelowna, BC, I've had the privilege of assisting clients in various real estate scenarios. One scenario that often arises is the prospect of buying a property with high-interest rates but a significantly lower purchase price. It's a situation that can leave potential buyers wondering if it's a wise investment strategy. In this blog post, we'll explore the pros and cons of buying with high-interest rates and low prices to help you make an informed decision.

 

The Low-Price Advantage:

Affordability: One of the most apparent benefits of purchasing a property with a low price tag is affordability. Lower-priced homes often require smaller down payments and can be more accessible to first-time homebuyers or those on a tight budget.

Potential for Equity Growth: When you buy a property at a low price, you have room for potential equity growth. As the property market appreciates over time, your home's value may increase, allowing you to build wealth.

Investment Potential: Low-priced properties can be excellent investment opportunities. They can provide rental income, potential for renovations, or even resale at a profit.

The High-Interest Challenge:

Higher Monthly Payments: With high interest rates, your monthly mortgage payments will be more substantial. This can strain your monthly budget and impact your overall financial stability.

Total Cost of Ownership: Over the life of your mortgage, high interest rates can significantly increase the total cost of homeownership. You may end up paying more for your home than if you had secured a lower interest rate.

Qualification Challenges: Securing a mortgage with high interest rates may be more challenging, as lenders typically prefer lower-risk borrowers. You may need a stronger credit profile and a larger down payment.

Is it a Wise Strategy?

The decision to buy with high interest rates and low prices depends on your unique financial situation and long-term goals. Here are some factors to consider:

Financial Stability: Assess your financial stability and ability to handle higher monthly payments. Make sure you have a comfortable buffer in your budget.

Future Interest Rate Trends: Consult with a financial advisor to get insights into interest rate trends. If rates are expected to decrease in the near future, you might want to wait.

Investment Objectives: Consider your investment objectives. Are you planning to live in the property long-term, or is it a short-term investment opportunity?

Negotiation Skills: If you're a savvy negotiator, you may be able to secure a lower interest rate despite current market conditions.

Consult a Realtor: A realtor with local expertise, like one based in Kelowna, can provide valuable insights into the local market and help you make an informed decision.

Buying a property with high interest rates and low prices can be a strategic move, but it's not without its challenges. It's essential to weigh the advantages of affordability and investment potential against the long-term costs and higher monthly payments. If you're considering this approach, consult with a real estate professional to navigate the Kelowna market effectively and ensure you make the right decision for your unique circumstances.

 

Posted in blog
Sept. 20, 2023

Homemade Pumpkin Bread Recipe: A Slice of Autumn Bliss

As the leaves begin to change and a crisp chill fills the air, there's nothing quite like the comforting aroma of freshly baked pumpkin bread wafting through the kitchen. This timeless recipe for homemade pumpkin bread is a delightful treat that captures the essence of fall in every moist and flavorful bite. Whether you're an experienced baker or a novice in the kitchen, this step-by-step guide will help you create a delectable pumpkin bread that's perfect for cozy gatherings or a simple, indulgent breakfast. Let's dive right in!

 

Ingredients:

For the Bread:

2 cups all-purpose flour, spooned into measuring cup and leveled-off

½ teaspoon salt

1 teaspoon baking soda

½ teaspoon baking powder

1 teaspoon ground cloves

1 teaspoon ground cinnamon

1 teaspoon ground nutmeg

1½ sticks (¾ cup) unsalted butter, softened

2 cups sugar

2 large eggs

1 (15-oz) can 100% pure pumpkin (I use Libby's)

Instructions:

1. Preheat and Prep:

Preheat your oven to 325°F (163°C) and position a rack in the middle.

Generously grease two 8 x 4-inch loaf pans with butter and dust them with flour. Alternatively, you can use a baking spray that includes flour, such as Pam with Flour or Baker's Joy.

2. Mix the Dry Ingredients:

In a medium bowl, combine the flour, salt, baking soda, baking powder, cloves, cinnamon, and nutmeg. Whisk these dry ingredients together until they are well combined, and then set them aside.

3. Cream the Butter and Sugar:

In a large bowl of an electric mixer, beat the softened butter and sugar together on medium speed until they are just blended.

4. Add the Eggs and Pumpkin:

Add the eggs one at a time, beating well after each addition.

Continue beating until the mixture becomes very light and fluffy, which should take a few minutes.

Beat in the pure pumpkin. Don't worry if the mixture looks slightly grainy or curdled; it's perfectly fine.

5. Combine Dry and Wet Ingredients:

Add the prepared flour mixture to the wet ingredients in the large bowl.

Mix on low speed until everything is thoroughly combined.

6. Bake the Bread:

Divide the batter evenly between the two prepared loaf pans.

Bake for 65 to 75 minutes, or until a cake tester inserted into the center comes out clean.

Let the loaves cool in the pans for about 10 minutes before transferring them to a wire rack to cool completely.

7. Enjoy!

Fresh out of the oven, the loaves will have a deliciously crisp crust. If you find yourself with leftovers (which is quite rare), you can toast individual slices to recreate that freshly baked sensation.

Freezer-Friendly Instructions:

 

This pumpkin bread can be frozen for up to 3 months.

After it has completely cooled, wrap it securely in aluminum foil, freezer wrap, or place it in a freezer bag.

Thaw overnight in the refrigerator before serving to enjoy a taste of autumn whenever you like.

Conclusion:

With the heavenly aroma of spices and pumpkin filling your kitchen, this homemade pumpkin bread recipe is a true autumn classic. Share it with loved ones, bring it to gatherings, or savor it as a comforting treat during the fall season. It's a slice of autumn bliss that's always worth savoring. Happy baking!

Posted in blog
Sept. 8, 2023

Top 5 Benefits of Buying Real Estate in the Fall

Introduction

As the leaves begin to change and the air turns crisp, fall brings more than just pumpkin spice lattes and cozy sweaters—it also offers a unique opportunity for savvy real estate buyers. While spring and summer are traditionally known as peak real estate seasons, there are several compelling reasons why purchasing property in the fall can be a smart move. In this post, we'll explore the top five benefits of buying real estate during this season and how you can make the most of the market.

1. Reduced Competition

One of the most significant advantages of buying real estate in the fall is the reduced competition. With many potential buyers focusing on their back-to-school routines and the upcoming holiday season, the number of active buyers in the market tends to decrease. This decrease in demand can translate to more negotiating power for you as a buyer. Sellers may be more willing to negotiate on price and terms, giving you an opportunity to secure a great deal.

2. Motivated Sellers

Fall often attracts sellers who are motivated to close deals before the holiday season or the end of the fiscal year. This motivation can work in your favor, as sellers may be more open to offers and negotiations. They might also be inclined to make necessary repairs or updates to the property to ensure a swift and smooth transaction. By taking advantage of motivated sellers, you can potentially find properties with better value and condition.

3. Accurate Assessment of Property

Fall provides an excellent opportunity to assess a property's condition more accurately. With the weather changing, potential issues like leaks, drafty windows, or heating problems become more apparent. Additionally, the landscaping and exterior of a property are on full display, allowing you to see how the property fares during the colder months. This transparency can help you make a more informed decision about the property's suitability for your needs.

4. Easier Scheduling

These professionals generally experience a less hectic schedule compared to the busy spring and summer months. This means that you're more likely to have quicker turnarounds for inspections, appraisals, and other necessary processes. A less crowded schedule can lead to a smoother and more efficient home-buying experience.

5. Potential Tax Benefits

Buying real estate in the fall can have potential tax benefits, depending on your individual circumstances. If you close on your property before the end of the year, you may be able to deduct certain expenses on your tax return. Additionally, property tax and mortgage interest deductions could apply to your upcoming tax filing. Be sure to consult with a tax professional to understand how these potential benefits might apply to your situation.

Conclusion

While spring and summer are often considered the prime seasons for real estate transactions, fall presents a unique set of advantages for buyers. Reduced competition, motivated sellers, accurate property assessment, easier scheduling, and potential tax benefits make the autumn months a strategic time to enter the real estate market. By leveraging these benefits, you can secure a property that meets your needs and potentially enjoy a more relaxed and fruitful home-buying experience. So, as the leaves fall, seize the opportunity to make your real estate dreams a reality.

Posted in blog