08/12/2026
The Bank of Canada held its key interest rate at 2.25%, but what does that actually mean for buyers and sellers right here in the Central Okanagan?
In my August Market Update, I am cutting through the national noise and looking strictly at the official July facts for our local area.
Here is the reality: our market is normalizing into typical seasonal activity. We currently have over 3,000 active listings. If you are a buyer, this means you have the inventory to be selective and take your time finding the right fit. If you are a seller, your pricing strategy needs to reflect this current data-overpriced homes are simply sitting.
I also break down a crucial concept for locals: if you are selling and buying in this exact same market, why adjusting your expectations often balances out to be a financial wash.
Watch the full 4 minute video below for the exact benchmark prices and sales data for Single-Family Homes, Townhouses, and Condos.
https://youtu.be/YD5SWU8iscE?si=f8Xu22KoIlDXTRKv
When you're making one of life's biggest decisions, you need a patient, knowledgeable advisor. If you want a factual, data driven analysis of what your specific home is worth today, or if you're ready to start exploring the market at your own pace, let's connect.
Send me a direct message or text me at 250.870.4329.
No pressure, just the facts you need to make the right move.
Andrew Manyluk | RE/MAX Kelowna
What is actually happening in the Central Okanagan real estate mark...