Looking Ahead at Kelowna Real Estate
Kelowna’s housing market continues to evolve in late 2025, shaped by interest rates, buyer demand, and population growth in the Okanagan. At Rampone-Marsh Mortgages, we keep a close eye on these changes so our clients are prepared for what’s ahead. As we look toward 2026, there are several trends that could impact homebuyers, sellers, and investors in Kelowna.
Interest Rates and Affordability
One of the biggest factors influencing Kelowna’s market is interest rates. Even small changes can affect how much you qualify for and what your monthly payments look like. Economists are predicting that rates will continue to drop into 2026, and this may mean more buyers will enter the Okanagan market. Homeowners who have been waiting may decide to put their condo or home on the market as a direct result. If rates hold steady or rise, affordability will remain a challenge, making your mortgage strategy even more important.
Population Growth and Housing Demand
Kelowna continues to attract new residents, from young families to retirees drawn by the lifestyle and climate. This steady growth keeps demand for housing strong. Coupled with lower interest rates we are clearly in a buyer’s market with high inventory across the entire province and country. This is a great time to buy, particularly in desirable Kelowna neighborhoods in the foothills, close to downtown shops and restaurants, and near the lake.
Opportunities for Buyers and Homeowners
For buyers, preparation is key. Getting pre-approved early and exploring all mortgage options can help you make your move ahead of other buyers and at a rate that fits your budget. For current homeowners, 2026 could also be a good year to consider refinancing or accessing home equity – we can help.
We’re Here to Guide You
No matter how the market shifts, our role at Rampone-Marsh Mortgages is to help you navigate it with confidence. Whether you’re buying your first home, upsizing, or investing in an income property, we’ll tailor a mortgage solution to fit your needs in Kelowna’s changing real estate landscape.
