Eyes on the Rise
Eyes on the Rise
As we head into 2026, Kelowna’s real estate market is showing some profoundly positive indicators. With many new developments being recently completed or nearing the finish line, the City of Kelowna’s plans to continue our community’s infrastructure improvements, and the Bank of Canada’s latest announcement that key interest rates will be holding at a low 2.25%, Kelowna’s growth has never looked so good.
Kelowna’s recently released 10-year Capital Plan is introducing a 10% increase in new projects over last year’s plan, with a remarkable focus on transportation, community spaces, parks and utilities. The city’s Financial Planning Manager, Melanie Antunes, clearly supports this notion by stating that “As Kelowna grows, our responsibility is to ensure that every dollar spent today supports the services and infrastructure our community will rely on tomorrow”. With such an intentional direction in place, Kelowna can breathe a little easier knowing that there’s a clear roadmap that ensures our city’s ongoing growth will be efficiently supported.
Following the Bank of Canada’s latest announcement that key interest rates will be holding at a low 2.25%, the barrier to entry for capitalizing on Kelowna’s continued growth remains appealing as ever. Despite trade constraints and other economic factors, Canada’s third-quarter data showed resilient results which paved the way for this exciting announcement.
Opportunity is around every corner as we start the New Year and the conditions to make the most of it are all lining up perfectly!
Additional Reading
Right Between the Lines
A recent report noted that rent prices in Kelowna are on the decline, with BC showing the greatest rental price decrease in Canada so far. With increased rental supply and rising vacancy levels across the province helping ease pressure on the price of housing, it’s...
The Cost of Waiting
If you haven’t read my latest blog post yet, let’s bring you up to speed. Last month we talked about buyers and sellers both sitting on the fence, with buyers waiting for prices to soften and sellers waiting for stronger demand. But, here's the thing about fences -...
Both Sides of the Fence
March was a really positive start to the spring in the Kelowna housing market, with sales for townhomes, condos and single-family homes all showing increases compared to February. Coupled with this bump in sales activity, average and median prices for single-family...
