Kelowna’s real estate market in 2025 is no longer defined by urgency. Instead, it rewards preparation and patience. Prices have stabilized, inventory levels are higher, and buyers have more leverage than they’ve had in years.
Mortgage pre-approval is an essential first step, particularly as lending rules and interest rates continue to shift. Buyers should also budget for closing costs, including legal fees, inspections, and property transfer tax. Homes priced below $1 million tend to move more quickly, while higher-end properties often allow for more negotiation.
Beyond the numbers, buyers should factor in zoning, bylaws, and potential future use of the property — especially if rental income or secondary suites are part of the plan.
Midway through the buying process, many people realize how quickly conditions can change from one neighbourhood to another. That’s where working with someone who tracks the market closely becomes valuable. Anthony Shephard from 2% Realty provides practical guidance rooted in local data — and does so without charging traditional high commissions.
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