Is Buying a Home in West Kelowna Still Possible in 2025?
West Kelowna is one of the most beautiful places to live in the Okanagan — lake views, vineyards, family-friendly neighborhoods, and that small-town feel just minutes from downtown Kelowna.
But there’s one big question on most buyers’ minds right now:
Is West Kelowna still affordable?
The short answer: Yes — if you have the right plan and the right people helping you.
What Do Homes Actually Cost in West Kelowna (Fall 2025)?
Prices have held fairly steady in 2025, even with higher interest rates.
Here’s what buyers are actually paying based on summer and early fall sales data:
| Property Type | Average Sale Price (2025) | What That Means for Buyers |
|---|---|---|
| 🏠 Detached Homes | $940,000–$970,000 | Most single-family homes sell around $950K, though lakeview or newer builds easily exceed $1.1M. |
| 🏘️ Townhomes | $705,000 | Great choice for young families or downsizers — less upkeep, newer construction, and good layouts. |
| 🏢 Condos/Apartments | $490,000 | Affordable entry into the market with solid rental potential — especially near Gellatly Bay and Shannon Lake. |
| 🛠️ Manufactured Homes | $230,000–$400,000 | Still one of the most budget-friendly options in the Okanagan. |
These are sold prices, not list prices — real numbers from the local MLS® system.
What Kind of Income Do You Need?
Here’s a simple way to see how income relates to buying power in West Kelowna, assuming current 5%–5.5% interest rates and typical down payments:
| Household Income | Approx. Home Price You Can Afford | Example Monthly Payment* |
|---|---|---|
| $200,000+ | $1,000,000+ | ~$5,200/month |
| $150K–$199K | $750K–$999K | ~$4,000–$4,800/month |
| $100K–$149K | $550K–$749K | ~$3,000–$3,800/month |
| $70K–$99K | $400K–$549K | ~$2,200–$2,900/month |
*Estimates include principal + interest, assuming 20% down and a 25-year amortization. Property taxes, utilities, and insurance are extra.
💡 Pro Tip: A licensed mortgage broker can often unlock more buying power by properly structuring income from bonuses, self-employment, or rental suites.
Why Buyers Choose West Kelowna
Even with prices near $1M, West Kelowna continues to attract families, retirees, and investors because it offers:
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Larger lots and better lake views than most of Kelowna
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Lower property taxes in some areas
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Family-focused communities like Glenrosa, Shannon Lake, and Rose Valley
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Access to beaches, wineries, and hiking trails
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A more relaxed, community feel — but still only 10–15 minutes from downtown Kelowna
Many buyers relocating from Vancouver, Calgary, and Ontario bring equity or higher income, which keeps demand strong — especially for well-priced detached homes and townhomes.
4 Smart Strategies Buyers Are Using in 2025
1. Buy a Home with a Suite (a.k.a. “House Hacking”)
Many West Kelowna homes have basement suites or carriage houses.
Renting one out can cover $1,500–$2,000/month of your mortgage — a big help with today’s rates.
👉 Ask Mark to send you West Kelowna homes with suites under $1.1M.
2. Choose a Townhome Instead of a Detached Home
The average detached home costs about $950K, while townhomes average $705K — a difference of nearly $250K.
That’s roughly $1,200–$1,400 less per month in payments, without giving up a garage or backyard.
👉 See townhomes in West Kelowna under $750K.
3. Co-Buy with Family or Friends
Pooling down payments can help you buy a nicer home or get into a better neighborhood like Lakeview Heights or Smith Creek.
Co-buying works well for young families or siblings combining savings to build equity faster.
4. Consider Pre-Construction (With Caution)
There are new townhouse and condo projects around Shannon Lake, Gellatly Bay, and Lakeview Heights.
Presales can help buyers secure today’s price with smaller deposits, but make sure the builder is financially solid — some developments in nearby Kelowna have faced delays.
👉 Mark can help you review which presale projects are low-risk and worth considering.
What Sellers Should Know
The West Kelowna market has shifted from the red-hot pandemic days.
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Only about 1–2% of homes sell over asking.
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The average sale price is 95–96% of list.
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Price reductions are common — especially for homes listed above market value.
Sellers who win in 2025 are those who price right and highlight unique value like suites, views, or modern renovations.
👉 Ask Mark for a free home equity review to see where you stand.
Step-by-Step Action Plan for Buying in West Kelowna
Step 1: Reach Out to Mark
Get a personalized plan based on your goals, budget, and neighborhood preferences.
Mark knows which homes are worth the price — and which ones aren’t.
Step 2: Talk to Our Mortgage Broker
A quick pre-approval helps you understand what you can comfortably afford and what rate options are available right now.
Step 3: Tour Key Neighborhoods
Focus on areas that match your lifestyle and budget:
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Lakeview Heights: stunning views and established homes
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Shannon Lake: golf course, schools, and townhomes
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Glenrosa: family-focused with bigger yards
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Rose Valley: newer homes, great schools, and easy highway access
Step 4: Search Homes on the Go
Use our free MLS® app for instant access to listings across West Kelowna.
👉 https://goagent.ca/33DC752D
Access Code: 33DC752D
Step 5: Review Suite or Rental Options
Look at homes that generate income to offset your mortgage.
Mark can show you properties with legal or potential suites.
Step 6: Make Your Move
Once you find the right home, we’ll guide you through writing the offer, home inspection, and final financing to make the process smooth and stress-free.
West Kelowna isn’t the cheapest market in B.C. — but it’s one of the most livable and rewarding.
With the right game plan, you can still buy confidently here in 2025.
✅ The key is simple:
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Have a smart plan
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Work with local experts
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Stay focused on long-term value
📞 Start today:
Reach out to Mark with Selling Kelowna Real Estate Group | eXp Realty Kelowna
for a personalized West Kelowna buying strategy that fits your goals.
Mark and Maddie Coons
Selling Kelowna Real Estate Group
Tel: 778-744-0872
