Anchored in Success

Anchored in Success
While New Year celebrations slide into the rear-view, the year ahead begins to set its course. With plenty of speculation about whether or not the housing market would endure post-pandemic conditions, things continue to look up in Okanagan real estate.
As new market conditions emerge, like the recent ruling banning foreign homebuyers in Canada for the next two years, this speculation isn’t too surprising or unwarranted. That being said, property experts claim this will have minimal effects on the market. Between this and the new restrictions being placed on rental properties, it’s no wonder everyone is confused! But despite it all, Kelowna and the Okanagan’s real estate markets continue to stay strong.
Compared to last year, Kelowna’s average single family home valuations are up a whopping 14%! Don’t worry though – this doesn’t mean your property taxes are going up that much (in fact, “the average property tax increase for 2023 has already been figured out to be 3.8%”). So, while you might expect the rest of these market factors to work against us, things are looking just fine in Okanagan real estate as we head into 2023.
Wondering how to navigate these emerging changes? Let’s chat and figure it out together!
Additional Reading
Kelowna Neighbourhood Spotlight
If you’ve spent any time in Kelowna, you’ll be the first to admit that it’s so much more than just sunshine and wine. Kelowna has steadily been one of the fastest growing communities in Canada for quite some time - and for good reason. With incredible seasonal...
Condo Season in Kelowna
The Kelowna lifestyle is now more accessible than ever. With the influx of options we’re seeing in the local condo market, not only is downsizing becoming more and more appealing, but so is a whole new quality of life that most home-owners in our area have only...
Perfect Timing for Right-Sizing
Is now the right time to consider upsizing or downsizing? When taking a look at June 2025’s market stats, the Kelowna real estate market is showing compelling insights for homeowners to strongly consider both options. With interest rates holding steady, inventory...



