Kelowna Real Estate Market News

Move-Up Buyers & Buyers purchasing similar Properties were busier last month. Whereas First Time Buyers and Downsizing Buyers were not as busy. There was an increase in buyers from the Lower Mainland, as Covid-19 restrictions eased & Buyers in the Vernon area were busier with fewer Buyers in the Kelowna area according to the  Buyer Survey Results for the Kelowna and Central Okanagan Real Estate Market area during May 2020.


Here is the full report -:


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


First Time Buyer – 20.79% (25.00%)

Revenue Property Investor – 9.41% (7.58%)

Moving Up – 17.33% (14.39%)

Similar Property Type – 18.81% (9.85%)

Downsizing – 11.88% (22.73%)

Single family Res to Strata – 1.98% (3.03%)

Recreational Property – 7.43% (4.55%)

Retirement Community – 3.47% (2.27%)

Strata to Single Family – 1.49% (3.79%)


Describe the Buyer (family dynamic):


Couple without children – 28.71% (21.37%)...

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First Time Buyers and Two-Parent Families were busier, and more Buyers were Buying in the Kelowna / West Kelowna area according to this latest month's Buyer Survey Results for the Kelowna and Central Okanagan Real Estate Market area during April 2020.


Here is the full report -:


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


First Time Buyer – 25.00% (19.28%)

Revenue Property Investor – 7.58% (7.63%)

Moving Up – 14.39% (21.69%)

Similar Property Type – 9.85% (18.47%)

Downsizing – 22.73% (16.87%)

Single family Res to Strata – 3.03% (4,42%)

Recreational Property – 4.55% ( 2.41%)

Retirement Community – 2.27% (3.61%)

Strata to Single Family – 3.79% (4.02%)


Describe the Buyer (family dynamic):


Couple without children – 21.37% (25.6%)

Two Parent family/children – 31.30% (21.2%)

Empty nesters or retired – 17.56% (23.2%)

Single female – 17.56% (13.6%)

Single male – 12.21% (12.4%)

Single parent...

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The Kelowna Real Estate Buyers Survey results for March 2020, showed more move-up Buyers and Empty Nesters buying in our Central Okanagan Market.


Due to the travel restrictions that started to impact mid-March, it is not surprising to see local Buyer numbers up.


Here are the full results -:


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



First Time Buyer – 19.28% (20.63%) 

Revenue Property Investor – 7.63% (9.52%)

Moving Up – 21.69% (17.46%)

Similar Property Type – 18.47% (19.58%)

Downsizing – 16.87% (14.29%)

Single-family Res to Strata – 4.42?% (5.29%)

Recreational Property – 2.41% (4.76%)

Retirement Community-3.61% (1.06% )

Strata to Single Family – 4.02% (3.70%)


Describe the Buyer (family dynamic):

Couple without children – 25.6% (25.40%)

Two-Parent Family /children – 21.2% (24.87%)

Empty nesters or retired – 23.2% (17.46%)

Single female – 13.6% (11.64%)

Single male – 12.4% (11.64%)...

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In the Kelowna Real Estate Buyers Survey results for February 2020, it seems that more Couple without Children and Empty Nesters were busier buying, and this potentially goes to explain why there were more cash buyers.


There were fewer buyers from local Markets but more from the Lower Mainland and more deciding to buy in the Vernon area.


Here are the full results -:


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


First Time Buyer – 20.63% (22.09%) 

Revenue Property Investor – 9.52% (12.27%)

Moving Up – 17.46% (16.56%)

Similar Property Type – 19.58 (19.63%)

Downsizing – 14.29% (13.50%)

Single-family Res to Strata – 5.29% (6.13%)

Recreational Property – 4.76% (6.75%)

Retirement Community-1.06% (3.68%)

Strata to Single Family – 3.70% (1.23%)


Describe the Buyer (family dynamic):

Couple without children – 25.40% (23.93%)

Two-Parent Family /children – 24.87% (28.22%)

Empty nesters or retired – 17.46% (13.50%)...

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The January 2020 Buyers Survey Results are now posted for the Kelowna Real Estate Market and Central Okanagan area.


First Time Buyers and Couples without Children were some of the busiest Buyers last month. Buyers purchasing similar Properties were also busier in the market.


There were a few more Buyers from Alberta, and a few less from the Lower Mainland, and activity in Vernon, was also down last month.


To read the full report, please see below.



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


First Time Buyer – 22.09% (20.88%)

Revenue Property Investor – 12.27% (13.19%)

Moving Up – 16.56% (21.43%)

Similar Property Type – 19.63% (13.19%)

Downsizing – 13.50% (10.44%)

Single-family Res to Strata – 6.13% (2.75%)

Recreational Property – 6.75% (7.14)

Retirement Community-3.68% (1.10%)

Strata to Single Family – 1.23% (2.75%)


Describe the Buyer (family dynamic):

Couple without children – 23.93% (19.23%)

Two-Parent Family...

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The December 2019 Buyers Survey Results are now posted for the Kelowna Real Estate Market and Central Okanagan area.


'Move up' property buyers were busier in our Real Estate Market during the last month and Vernon / Coldstream saw more Buyers.


Please find the full summary below.


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


First Time Buyer –  20.88% (22.18%) 

Revenue Property Investor – 13.19% (12.13%) 

Moving Up – 21.43% (17.99%)

Similar Property Type – 13.19% (14.23%)

Downsizing – 10.44% (13.81%)

Single Family Res to Strata – 2.75% (5.44%) 

Recreational Property – 7.14% (7.11%)

Retirement Community – 1.10% (0% ) 

Strata to Single Family – 2.75% (4.18%) 


Describe the Buyer (family dynamic):

Couple without children – 19,23% (25.10%) 

Two-Parent Family /children –  27.47% (28.87%)

Empty nesters or retired – 14.84% (24.27%)

Single female – 18.13% (7.53%)...

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