Buying a home in Kelowna ? Read this first before you start looking!

Kelowna remains one of the most desirable places to live in British Columbia. With its lakeside setting, four-season outdoor lifestyle, and growing neighbourhoods, it’s no wonder people from across Canada are considering a move here. But if you’re planning to buy a home in Kelowna in 2025, there are a few key things to keep in mind, especially in a market that continues to grow.

At Jones Realty Group, we believe good decisions come from good information.

Here’s what buyers should know before entering the market this year.

Market Trends in Kelowna: What’s Changed?

Over the past few years, Kelowna has seen rapid price growth, tight inventory, and fierce competition. In 2025, the pace has started to even out. While the market remains competitive, particularly for well-maintained single-family homes under $1 million, we’re seeing more balance between buyers and sellers.

Some key points:

Interest rates have stabilized, giving buyers more clarity.
Demand remains strong in areas like Lower Mission, Glenmore, and Rutland.
Inventory is improving slightly, but updated homes in prime locations still move fast.

Lifestyle-Driven Buyers Are Changing the Game

Many buyers moving to Kelowna are doing so for lifestyle reasons. Whether it’s retirees downsizing from larger markets or young professionals leaving city life behind, there’s a clear desire for balance.

That’s influencing what people look for in a home:

Walkable communities close to shops, parks, or schools
Home offices or extra bedrooms for hybrid work setups
Yards or outdoor space for gardening, pets, or kids
Proximity to hiking trails, beaches, and bike paths

Neighbourhoods that offer this kind of flexibility and balance, such as Wilden, Kettle Valley, and North Glenmore, are becoming top picks for families and professionals alike.

First-Time Buyers: Be Cautious, But Confident

Kelowna remains a top destination for first-time homebuyers, but getting into the market requires planning.

Here’s what to pay attention to:

Strata rules and fees if you’re looking at condos or townhomes
Condition of the home—many properties may need updates or deferred maintenance
Insurance costs, particularly in wildfire-prone areas or rural zones
Transit access and walkability if you don’t drive daily

It’s important to get pre-approved, work with a local agent who knows the landscape, and be ready to act quickly when the right fit appears.

Why Work with a Local Team Like Jones Realty Group?

Buying in Kelowna isn’t just about finding a house, it’s about finding the right home for your lifestyle. That’s where Jones Realty Group comes in.

Led by Wes Jones, a seasoned REALTOR® with over 15 years of experience in Kelowna, and his nephew Kaeden Jones, a next-generation agent bringing fresh energy to the team, we offer a collaborative approach rooted in local knowledge, trust, and results.

We don’t just know the neighbourhoods, we live here, work here, and believe in helping you make smart, confident decisions every step of the way.

Frequently Asked Questions: Buying a Home in Kelowna in 2025

Q: Are home prices in Kelowna going up or down this year?
A: Prices have stabilized in 2025, especially in mid-range and family-oriented areas. Desirable homes are still selling quickly, but aggressive bidding wars have calmed.

Q: What’s the best area in Kelowna for families?
A: Glenmore, Lower Mission, and North Rutland are all strong choices due to their schools, parks, and family-friendly feel. Each offers different benefits depending on your budget.

Q: Is it still a good time to buy in Kelowna?
A: Yes, especially if you plan to stay for the long term. Buyers now have more negotiating power than they did during the peak market years.

Q: What hidden costs should I prepare for?
A: In addition to the down payment, budget for home inspections, legal fees, property transfer tax, insurance, and any strata fees (if buying a condo or townhouse).

Ready to Start House Hunting in Kelowna?

Buying a home in Kelowna is about more than checking off a list, it’s about finding the right place to build your future. At Jones Realty Group, we’ll take the time to understand your goals and guide you every step of the way.

If you have questions about the current market or want to talk through your options, we’d love to connect. Reach out today and let’s talk about what’s next for you in the Okanagan.