Kelowna Real Estate Market News

Kelowna Real Estate Market Buyers Survey January 2022

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% (25.83%)

Empty nesters or retired – 15.32% (18.41%)

Single female – 9.68% (13.81%)

Single male – 13.31% (12.79%)

Single parent with children – 5.24% (3.84%)


Where did Buyer move from?


From within Association area – 54.58% (57.33%)

From Lower Mainland/Island – 23.11% (21.34%)

From Alberta – 5.98% (7.97%)

From other Areas BC – 6.37% (5.91%)

From E Canada/Maritimes – 5.18% (4.63%)

From Sask./Manitoba – 2.39% (1.80%)

From outside Canada – 2.39% (1.03%)

From the NWT/Yukon – 0.00% (0.00%)


In what area was property purchased?


Kelowna/West Kelowna – 43.37% (38.17%)

Vernon/Coldstream – 16.87% (17.81%)

Central Ok (outside K/WK) – 9.24% (4.33%)

Salmon Arm – 6.02% (7.38%)

North Ok (outside V/CS) – 4.02% (7.38%)

Shuswap/Rev (outside SA) – 4.82% (8.40%)

Oliver/Osoyoos – 3.21% (5.60%)

Princeton/Keremeos – 0.40% (0.76%)

Summerland – 0.80% (1.53%)

Penticton/Naramata – 9.64% (6.11%)

Dawson Creek – 0.80% 2.04%)

Chetwynd/Tumbler Ridge – 0.80% (0.52%) 


Kind Regards


Trish Cenci

Kelowna Real Estate Agent



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