Kelowna Real Estate Stats - Market Update - Here's What Happened in May 2025

by Michelle Collie

Kelowna Real Estate Stats & Trends - Market Watch With Kelowna Real Estate Agent Darcy Nyrose

June 1, 2025

Kelowna Real Estate Market Stats - Here's What Happened in May 2025.

With a promise of no-gst for first time buyers dangled during the Federal Election Campaign, potential first time buyers have been waiting to make their move. After all, if looking at a new-build first home, this could save them up to $50,000. On May 27, we got the news: First time home buyers can now save the full GST on a new-build home under $1-million dollars, and graduated savings up to $1.5 million. This amounts to up to $50,000 in savings. Conditions apply - please call for details.

Inventory is up across the board over last year. In fact, we have a record number of condo-inventory on the market, but sales are down. Single Family home sales are up 16% over this time last year, while townhome sales are down 7% over this time last year.

There are a lot of great homes on the market right now which is great news for buyers. For sellers, let's work together to ensure your home stands out. So, if you're looking to buy or sell in Kelowna, give us a call at 250-258-9888.