April brought a wave of cautious optimism to the Canadian housing market, and Kelowna was no exception. While the national market is adjusting its expectations for the year ahead, locally we saw encouraging signs that buyers and sellers alike are starting to move with more confidence!

In Kelowna, activity picked up across all housing types, and we saw record numbers for apartment and condo construction. April 2025 compared to April 2024 showed some promising increases, with single-family home purchases going up an impressive 10% (a strong follow-up to March’s year-over-year increase of 15%) as well as active condo listings increasing 25%! Overall it appears that we have the recent interest rate cuts to thank for contributing continued success in the Kelowna real estate market. While the market may not be surging, it’s certainly not sliding either.

With inventory numbers holding high and interest rates remaining steady, buyers thankfully have a bit of breathing room to make decisions. Homes are sitting a little longer, negotiations are a bit more balanced, and overall, it’s creating a more level playing field. According to the Canadian Real Estate Association (CREA), the number of homes listed at the end of March was up more than 18% compared to last year. And while prices are inching up, they’re doing so gradually, which is good news for long-term stability.

Heading into late spring, Kelowna’s market continues to stay well-positioned. With solid fundamentals, balanced conditions, and motivated but measured buyers, this could be the sweet spot of 2025!

If you’re looking to learn more about how to maximize the potential of the current market conditions, let’s get in touch and start talking about it.