Kelowna Real Estate Market News


The latest Association of Interior Realtors Buyer Survey Results for April 2022 are now out.


First-Time and Investor Buyers were busier again last month, with Lower Mainland Buyers still remaining active.


Here are the full results.


Best describe your most recent Buyer (moving to/from property type)


First Time Buyer – 18.24%

Revenue Property Investor – 13.19%

Moving Up – 14.95%

Similar Property Type – 19.78%

Downsizing – 17.14%

Single family Res to Strata – 4.40%

Recreational Property – 6.59%

Retirement Community – 1.32%

Strata to Single Family – 2.86%


Describe the Buyer (family dynamic):


Couple without children – 21.59%

Two Parent family/children – 25.99%

Empty nesters or retired – 19.82%

Single female – 12.56%

Single male – 13.88%

Single parent with children – 2.20%


Where did Buyer move from?


From within Association area – 54.80%

From Lower Mainland/Island – 25.11%

From Alberta –...

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The Kelowna Real Estate Buyers Survey Results are now out for February 2022.


First-Time Buyers were busier again last month, with more Buyers coming from the Lower Mainland/ Vancouver Island than the previous month, and more Buyers purchasing in the Kelowna / West Kelowna Area.


Here is the full report below.


Best describe your most recent Buyer (moving to/from property type)


First Time Buyer – 17.28% (14.57%)

Revenue Property Investor – 18.98% (21.05%)

Moving Up – 11.9% (19.03%)

Similar Property Type – 18.98% (19.03%)

Downsizing – 13.03% (19.53%)

Single-family Res to Strata – 5.10% (3.24%)

Recreational Property – 7.37% (6.88%)

Retirement Community – 7.37% (0.40%

Strata to Single Family – 2.27% (2.02%)


Describe the Buyer (family dynamic):


Couple without children – 21.02% (24.21%)

Two Parent family /children – 29.26% (26.59%)

Empty nesters or retired – 21.31% (19.44%)

Single female – 11.36% (8.73%)

Single male...

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The Kelowna Real Estate Buyers Survey Results are now out for December 2021.


First-time, Investor and Downsizing Buyers were busier in the Market last month, with Two-Parent Families being the busiest Family dynamic.


Buyers from the Lower Mainland were busier again last month, as were buyers from other areas of BC, and more purchased properties in Kelowna & the Central Okanagan.


Here is the full report below.


Best describe your most recent Buyer (moving to/from property type)


First Time Buyer – 21.29% (20.47%)

Revenue Property Investor – 15.26% (13.47%)

Moving Up – 16.06% (17.10%)

Similar Property Type – 18.88% (18.65%)

Downsizing – 11.65% (10.88%)

Single-family Res to Strata – 5.62% (6.48%)

Recreational Property – 5.62% (7.25%)

Retirement Community – 2.41% (0.78%)

Strata to Single Family – 2.41% (1.81%)


Describe the Buyer (family dynamic):


Couple without children – 22.98% (23.02%)

Two Parent family /children – 29.44%...

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The Kelowna Real Estate Buyers Survey Results are now out for November 2021.


First Time Buyers were busier in the Market last month, however, I am not surprised to see fewer Empty Nester / Retired Buyers downsizing, as the number of listing for sale in the sector has been acutely low.


With travel being more difficult from the Lower Mainland, due to the closed roads, Local Buyers were more prevalent and Lower Mainland Buyer numbers were down last month.


There were a similar number of Buyers in the Kelowna area, and fewer Buyers in Penticton & Princeton/Keremeos, with more Buyers in the Oliver, Vernon and Salmon Arm areas.


Here is the full report below.


Best describe your most recent Buyer (moving to/from property type)


First Time Buyer – 20.47% (13.51%)

Revenue Property Investor – 13.47% (13.02%)

Moving Up – 17.10% (16.95%)

Similar Property Type – 18.65% (19.90%)

Downsizing – 10.88% (13.51%)

Single-family Res to Strata – 6.48% (6.39%)

Recreational...

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The Kelowna Real Estate Buyers Survey Results are now out for October 2021.


The was a substantial reduction in First Time and Investment Buyers last month, with move-up Buyers and Buyers purchasing similar properties busier in the Real Estate Market.


Local Buyers and Lower Mainland Buyer numbers were down last month, while buyers from other areas of BC and Alberta were up.


There were fewer Buyers in the Kelowna area, and significantly fewer Buyers in Penticton, with more Buyers in the Oliver, Vernon and Salmon Arm areas.


Best describe your most recent Buyer (moving to/from property type)


First Time Buyer – 13.51% (19.42%)

Revenue Property Investor – 13.02% (17.59%)

Moving Up – 16.95% (14.44%)

Similar Property Type – 19.90% (17.32%)

Downsizing – 13.51% (13.91%)

Single-family Res to Strata – 6.39% (4.99%)

Recreational Property – 9.34% (8.14%)

Retirement Community – 2.46% (1.84%)

Strata to Single Family – 2.21% (1.57%)


Describe the Buyer...

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Revenue Property Investors were busier buying in the Kelowna Real Estate Market during August than in the previous month.


The number of buyers from the Lower Mainland and Vancouver Island also remained at elevated levels.


Please read the full report below-:



Best describe your most recent Buyer (moving to/from property type)


First Time Buyer – 12.74%

Revenue Property Investor – 20.75%

Moving Up – 14.62%

Similar Property Type – 20.75%

Downsizing – 10.85%

Single-family Res to Strata – 4.25%

Recreational Property – 8.96%

Retirement Community – 1.89%

Strata to Single Family – 4.01%


Describe the Buyer (family dynamic):


Couple without children – 23.83%

Two Parent family /children – 31.54%

Empty nesters or retired – 20.33%

Single female – 10.75%

Single male – 9.81%

Single parent with children – 2.80%


Where did Buyer move from?


From within Association area – 46.28%

From Lower Mainland/Island –...

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