Kelowna Real Estate 2024: A Year in Review & A Glimpse into 2025

This year, Jones Realty Group explored Kelowna’s market trends, offering invaluable insights for homebuyers, investors, and residents. It was also a transformative year for our Kelowna real estate team. We implemented key changes to better adapt to the shifting real estate landscape, allowing us to sharpen our focus on what matters most: guiding our clients with the best advice, strategies, and solutions. Backed by decades of local experience, we remain committed to helping you make sense of the buying and selling process with confidence and success.

Take a look at what we shared in 2024 and what’s in store for 2025!

Here’s a look back at the highlights from our blog in 2024:

1. Top Neighbourhoods to Watch in 2025:
   From up-and-coming areas to established favourites, we highlighted Kelowna’s most promising neighbourhoods for future growth. Read more.
2. Luxury Homebuyer Insights:
   For those exploring Kelowna’s luxury market, we shared key strategies for navigating million-dollar properties. Learn more.
3. Does Daylight Savings Time Impact Real Estate?
   We examined the surprising relationship between time changes and housing trends. Discover how.
4. Kelowna’s Growing Tech Workforce:
   As Kelowna becomes a hub for tech professionals, we explored housing options tailored to this growing demographic. Read about it.

2024 has proven once again that Kelowna is an exceptional place for families, professionals, and investors!

Looking Ahead to 2025: Kelowna Real Estate Trends

As we enter 2025, significant economic and political changes are expected to influence Kelowna’s real estate market:

1. Bank of Canada Mortgage Rate Decreases:
   Recent rate cuts by the Bank of Canada are good news for buyers and investors. Lower borrowing costs will make homeownership more attainable, spurring demand across Kelowna’s residential and investment markets. Expect competitive conditions in sought-after neighbourhoods, particularly among first-time buyers and upgraders.
2. U.S. Election Results & Trump Presidency:
   Donald Trump’s re-election introduces economic uncertainty south of the border, potentially leading to capital migration into Canada. Kelowna’s stable economy, lifestyle appeal, and investment-friendly real estate make it an attractive option for U.S. investors seeking safer markets.
3. Market Conditions for Buyers, Sellers, and Investors:

• For Buyers: 2025 could be an opportune year to act as lower rates ease affordability. However, increased competition may require quicker decision-making.
• For Sellers: Anticipate a strong market with increased demand, especially in mid-tier and luxury housing. Pricing appropriately will be key to capitalizing on interest.
• For Investors: With Kelowna’s growing population and tech-driven economy, multi-family properties, rentals, and new developments remain promising opportunities.

Stay Ahead in Kelowna Real Estate
With shifting interest rates and international influences, Kelowna is poised for another busy year. Whether you’re buying, selling, or investing, Jones Realty Group is here to help you understand these changes. We would love the opportunity to work with you in 2025 and to help you achieve your real estate goals. Get in touch with us to learn more about our marketing plan and strategic advice. Happy holidays!