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The Kelowna Rennie Review | February 2024

Given the all powerful but as-of-late unchanging macroeconomic environment, don’t expect significant market shifts in the near-term.
February 15, 2024

The sales slump in the Central Okanagan’s housing market extended into January, with last month marking its eighth consecutive monthly decline in transaction counts. Given the all powerful but as-of-late unchanging macroeconomic environment, don’t expect significant market shifts in the near-term.

The kelowna rennie review is a monthly publication that includes our take on the latest MLS data for Kelowna. In addition to presenting neighbourhood-level stats, it includes information on current rennie projects, a selection of featured listings, and insightful commentary on how and why the market is changing.

Our rennie intelligence team comprises our senior economist, market analysts, and business intelligence analysts. Together, they empower individuals, organizations, and institutions with data-driven market insight and analysis. Experts in real estate dynamics, urban land economics, the macroeconomy, shifting demographics, and data science, their industry-leading data acquisition, analytical systems, and strategic research supports a comprehensive advisory service and forms the basis of frequent reports and public presentations, covering the Vancouver, Kelowna, Victoria, and Seattle marketplaces. Their thoughtful and objective approach embodies the core values of rennie.