10/06/2026
September Okanagan Market Update 🏡
September showed some early signs of stabilization, but sales remained below last year’s levels and buyers are still moving cautiously.
📍 Central Okanagan: 320 sales ↓ 12.8%
📍 North Okanagan: 129 sales ↓ 16.8%
Prices were mixed, with single-family homes holding relatively firm, while townhomes and condos continued to see some downward pressure.
Interest rates. The Bank of Canada continues to hold at 2.25%, while the U.S. Federal Reserve just moved rates higher to 3.75%–4.00%. Both economies are showing signs of a slowing labour market, while inflation remains elevated.
Full September Market Update in my newsletter.
Thinking of buying or selling in the Okanagan (Kelowna, Lake Country, Vernon, West Kelowna/Peachland)
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