Is Peachland Still Affordable in 2025? (Your Step-by-Step Guide to Buying Smart)
Peachland, BC, has become one of the Okanagan’s most desirable small-town communities — offering lakefront living, stunning views, and easy access to Kelowna and West Kelowna. But like the rest of Canada, affordability is a growing concern for home buyers in 2025.
If you’ve been wondering:
👉 “Can I still afford to buy in Peachland?”
The answer is: Yes — with the right plan and team behind you.
Let’s look at what homes actually cost, what kind of income you might need, and the four smart strategies buyers are using to make it work in today’s market.
What Do Homes Actually Cost in Peachland (Fall 2025)?
Real sold prices tell the real story. Based on MLS® data and active sales as of mid-2025:
| Home Type | Average Price (2025) | Typical Buyer Profile |
|---|---|---|
| Detached Homes | ≈ $1,000,000 – $1,050,000 | Upsizing families, relocators, or retirees seeking lake views |
| Townhomes | ≈ $660,000 – $720,000 | Young families or downsizers who want space without heavy maintenance |
| Condos / Apartments | ≈ $350,000 – $500,000 | First-time buyers, investors, or part-time residents |
| Manufactured Homes | Starting around $230,000 – $300,000 | Entry-level buyers or retirees |
💡 Compared to Kelowna, Peachland buyers often save 10–20% on similar property sizes — with the bonus of lake views and quieter streets.
What Kind of Income Do You Need?
Your affordability depends on income, debt, and down payment.
Here’s a quick guide based on 2025 mortgage rates (~5%) and typical down payments:
| Household Income | Home Price Range You Can Afford |
|---|---|
| $200,000 + | $850K + homes (single-family or view properties) |
| $150K – $199K | $620K – $849K homes (many townhomes fit here) |
| $100K – $149K | $395K – $619K homes (condos or smaller strata units) |
| $50K – $99K | Up to ~$394K (condos, manufactured, or creative co-buying) |
🧮 Example:
For a $700,000 townhome in Peachland with 20% down ($140,000):
-
Mortgage = $560,000
-
Monthly payment ≈ $3,260 (principal + interest)
-
Add taxes + strata = ~$3,700–$4,000 total
➡️ You’d ideally want $135K – $160K in household income to stay comfortable.
Where Are Buyers Coming From?
In 2025, Kelowna and Peachland continue to attract relocation buyers:
-
18% of recent Okanagan buyers came from Greater Vancouver
-
9% came from Alberta
-
Many others moved from Ontario and other parts of BC
These buyers often bring higher income or equity from previous sales — keeping demand healthy, especially for lakeview homes and newer townhomes.
Yes, You Can Still Buy in Peachland — If You Plan Smart
Even with elevated prices and rates, smart buyers are getting into the market. Here’s how they’re doing it:
1. Buy a Home with a Suite (House Hack)
Many Peachland properties include basement or carriage suites.
Renting out a portion of your home can offset $1,000 – $2,000 per month, depending on size and location.
2. Choose a Townhome Instead of a Detached
Townhomes average $400K less than single-family homes — and most still include garages, decks, and even lake views.
Perfect for buyers who want lifestyle and location without the maintenance cost.
3. Co-Buy with Family or Friends
Combine down payments and incomes to qualify for more.
This is increasingly common among young buyers and retirees helping adult children enter the market.
4. Consider Pre-Construction — Carefully
Presales let you lock in a price today with a smaller deposit and move in later (often 12–24 months).
Just be cautious — some Okanagan developers have faced financing issues, such as the Promontory receivership in Kelowna (August 2025).
Always check the developer’s reputation and work with an experienced Realtor before signing.
For Sellers: What’s Happening in 2025
The Peachland market has cooled slightly:
-
Only ~2% of homes sold over asking in summer 2025
-
Average sale-to-list ratio: ≈ 96%
-
Dozens of sellers have reduced prices to meet buyer expectations
If you’re planning to sell:
-
Price your home strategically
-
Highlight income-potential features (suite, short-term rental zoning, lake views)
-
Work with an agent who understands relocation + investment-minded buyers
👉 Request a free home equity check with Mark & Maddie at Selling Kelowna Real Estate Group | eXp Realty Kelowna
Your 5-Step Action Plan to Buy in Peachland
-
Reach out to Mark & Maddie (Selling Kelowna Real Estate Group)
Start with a quick chat about your goals, timing, and ideal property.
We’ll help you understand your buying power and match you to real listings — not just “dream homes.” -
Connect with Our Mortgage Partner
Get pre-approved and explore creative financing options — especially if you’re self-employed or using rental income. -
Set a Realistic Target Range
Based on your pre-approval, define your comfort zone — for example:-
$400K–$600K → condos or small townhomes
-
$600K–$850K → modern townhomes or homes with suites
-
$900K + → lakeview detached homes
-
-
Tour Homes Weekly + Compare Options
Use our MLS® app to search on the go:
👉 https://goagent.ca/33DC752D (Access Code: 33DC752D) -
Negotiate Smart + Buy with Confidence
We’ll guide you through inspection, financing, and contract details — ensuring your purchase is sound and future-proof.
Peachland might not be the cheapest market — but it’s still one of the best values in the Okanagan for lifestyle, views, and long-term appreciation.
You don’t need to be wealthy to own here. You just need:
✅ A clear plan
✅ The right team
✅ A smart, creative approach
📩 Subscribe HERE for weekly Okanagan market updates:
📱 Download our home-search app for instant MLS® access:
https://goagent.ca/33DC752D (Access Code: 33DC752D)
Mark and Maddie Coons
Selling Kelowna Real Estate Group
Tel: 778-744-0872
