Is Lake Country Still Affordable in 2025?
Lake Country has quietly become one of the most desirable places in the Okanagan to live, retire, or raise a family. Between the lake views, vineyards, and peaceful lifestyle, it’s no wonder so many people are moving here from Kelowna, Alberta, and even Vancouver.
But as demand grows, so do prices — and many buyers are asking:
“Is Lake Country still affordable?”
The short answer: Yes — for many buyers, it still is.
You just need the right plan, a strong team, and smart strategy.
🏡 What Homes Actually Cost in Lake Country (Fall 2025)
Here’s what’s happening in the market right now based on MLS® data and recent sales:
| Property Type | Average / Median Price | Quick Snapshot |
|---|---|---|
| Detached Homes | Around $1.19 million | Most popular in Oyama and Lake Country South; many feature suites or lake views. |
| Townhomes | Around $725,000 | Great options in The Lakes, Apex at the Lakes, and Rockridge. |
| Condos / Apartments | Around $495,000 | Many newer options near Main Street and Oceola Rd. |
| Manufactured Homes | Starting near $230,000 | Found in communities like Crystal Waters and Holiday Park. |
These aren’t just list prices — they’re what people are actually paying in 2025.
What Kind of Income Do You Need to Buy in Lake Country?
Affordability depends on your income, debts, and down payment — but here’s a quick guide based on 2025 mortgage rates:
| Household Income | Typical Home Price You Can Afford |
|---|---|
| $200K+ | $1.0M – $1.3M+ |
| $150K–$199K | $750K – $1.0M |
| $100K–$149K | $500K – $750K |
| $50K–$99K | $250K – $500K |
💡 Example: Buying a $725,000 townhome with 5% down means a $688,750 mortgage.
At current rates, you’ll need roughly $120,000+ in household income to qualify comfortably.
If you’re self-employed or have multiple income sources, an experienced mortgage broker can often structure your file to unlock more buying power than you expect.
Where Are Buyers Coming From?
Lake Country attracts a mix of buyers:
-
18% relocate from Greater Vancouver
-
9% come from Alberta
-
Many others from the Lower Mainland, Ontario, or other BC cities
Remote workers, healthcare professionals, and retirees are driving steady demand. Many arrive with equity or higher incomes — which keeps prices stable even when other markets slow down.
Four Smart Strategies Buyers Are Using Right Now
1. Buy a Home with a Suite
Many Lake Country homes come with basement suites or carriage houses. Living in one unit and renting the other can offset $1,500–$2,000+ per month.
This “house hacking” strategy helps you build equity faster and reduce your monthly cost.
→ View Lake Country homes with suites under $1.2M
2. Choose a Townhome Over a Detached Home
A well-built townhome in Lake Country offers modern layouts, garages, and outdoor space — all for roughly $400,000 less than a detached house.
→ Browse Lake Country townhomes under $750K
3. Co-Buy with Family or Friends
Pooling down payments and income can open doors to better homes and neighbourhoods.
Some buyers also combine this with rental income from a suite to make ownership even more affordable.
→ Ask Mark & Maddie how co-ownership works in Lake Country.
4. Explore Pre-Construction — Carefully
Pre-sales let you lock in a price today and move in later, often with smaller deposits. But not all developments are stable.
Some, like the Promontory project in nearby Kelowna, faced receivership issues this year.
Always verify:
-
Developer’s reputation
-
Construction financing
-
Completion timeline
→ Reach out to Mark for a list of trusted pre-construction projects.
What Sellers Should Know in 2025
The Lake Country market has cooled from the 2021–2022 frenzy. Buyers now have choices, and negotiations are back.
-
Only 1.6% of homes sold over asking last month.
-
The average sold-to-list ratio is 95.9%.
-
Many listings are adjusting prices weekly.
To sell successfully:
-
Price strategically from day one.
-
Highlight income-producing features like suites or lake views.
-
Work with a Realtor® who understands relocation buyers and investor psychology.
→ Request a free home value report with Mark & Maddie
Step-By-Step Action Plan for Buyers
| Step | What To Do | Why It Matters |
|---|---|---|
| 1. Reach out to Mark & Maddie | Start with a free strategy call to discuss your goals and timeline. | |
| 2. Talk to our mortgage partner | Get pre-approved to know your exact budget. | |
| 3. Define your price range | Decide whether detached, townhome, or condo best fits your finances. | |
| 4. Tour neighbourhoods | Explore The Lakes, Oyama, Carr’s Landing, and Davidson Road areas. | |
| 5. Review active listings | Use our MLS® app for real-time access. | |
| 6. Make your move confidently | With the right plan and support, Lake Country is still within reach. |
Ready to Start?
Download our free home search app for instant MLS® access:
👉 https://goagent.ca/33DC752D
(Access Code: 33DC752D)
Or subscribe HERE for weekly market insights, listings, and strategies:
Lake Country isn’t cheap — but it’s still a smart investment in lifestyle and long-term value.
You don’t need to be rich to buy here — you just need:
-
A clear plan
-
The right team
-
And a bit of creativity
Ready to explore your options?
Let’s talk — reach out to Mark & Maddie
Selling Kelowna Real Estate Group | eXp Realty Kelowna.
Tel: 778-744-0872
