Kelowna and Okanagan Real Estate Market Update Nov 2025

by Jas khunkhun

🏡 Kelowna Real Estate Market Update – Nov 2025

The Kelowna real estate market is in a period of quiet adjustment. Inventory levels have increased steadily, giving buyers more choice and negotiating power. Homes are spending longer on the market, and realistic pricing has become critical for sellers. Properties under the $1 million range are seeing more movement as slight rate relief brings some affordability back and sidelined buyers begin re-entering the market.

Higher-end homes and lakeview properties are facing softer demand and longer timelines. Developers and landholders are adjusting to slower absorption, elevated servicing costs, and stricter municipal approvals. Still, the fundamentals remain solid — population growth, lifestyle appeal, and long-term migration trends continue to anchor confidence in the Kelowna and the Okanagan. What we’re seeing now is a natural market re-set before the next growth cycle.

📞 Jas Khunkhun– Oakwyn Realty Okanagan
Local expertise. Honest advice. Real results.


Jas Khunkhun Experience = Results

My family has been living in Kelowna since the 1980’s.

This is really important for you as a buyer when selecting the various neighborhoods in Kelowna or the amenities they provide nearby; as a seller it is equally important to make sure you're getting the best price for your home.

I have done just about every real estate deal possible with Kelowna real estate alongside my clients. Majority of my clients are home buyers.  But I also have helped my clients to purchase  rental properties,  commercial land and buildings, farms and even helped clients with purchasing rent to own properties.   I have lots of experience in new home construction as well. I now enjoy helping my clients with all of their real estate needs.

I speak English and Punjabi fluently.  My team is multi-lingual and have members that also speak Hindi and Mandarin .