Living in Kelowna in 2026: The 5 Real Estate Trends Buyers and Sellers Need to Watch
If You Want the Big Picture, Start Here
There is a lot of noise in the market right now.
Some people say Kelowna is overbuilt.
Others say demand is coming back.
Some say buyers have all the power.
Others think the next wave of growth is already here.
The truth sits in the middle.
Trend 1: Population Growth Is Still Supporting the Market
Kelowna’s metro population reached 251,648 in 2024, and net migration remained positive.
That keeps a floor under long-term demand.
Trend 2: Supply Has Improved
The City says Kelowna has seen strong purpose-built rental growth, and current housing planning still points to roughly 45,000 homes needed by 2041.
That means more supply, but also more need.
Trend 3: Rentals Have Loosened
Vacancy is healthier than it was a few years ago, which changes the pressure buyers and renters feel.
Trend 4: The Economy Is Mixed
Job growth and business activity are still there, but not every signal is strong at the same time.
Trend 5: Tourism Still Supports the Region
Visitor spending, airport activity, and hotel occupancy all show that the Okanagan lifestyle still has pull.
What This Means for Sellers
If you are selling, today’s market rewards:
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sharp pricing
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clean presentation
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strong marketing
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realistic expectations
What This Means for Buyers
If you are buying, this may be one of the better windows to:
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compare more options
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negotiate
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look beyond just Kelowna into West Kelowna and Lake Country
Final Thought
Living in Kelowna is still a strong long-term lifestyle and housing story.
But this is no longer a market where average strategy gets great results.
Smart local advice matters more now.
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Need help with Kelowna real estate? Contact Mark & Maddie today.
Mark Coons, BBA, CE
REALTOR® | eXp Realty Kelowna
Team Lead, Selling Okanagan Group
Relocated to Kelowna in 2018
📞 778-744-0872
📩 [email protected]
