the Kelowna rennie review | August 2023

The Central Okanagan’s housing market tipped back into balanced territory in July as rising interest rates keep buyers on the sidelines. Slowing sales has allowed inventory to inch closer to typical levels.

Our thoughts are with those affected by the recent wildfires that impacted Kelowna, West Kelowna, and surrounding communities. The Kelowna rennie review is a monthly report that presents MLS data for detached homes, townhomes, and condos in the Central Okanagan region, the City of Kelowna, Downtown Kelowna, and West Kelowna.Our rennie intelligence team comprises our in-house demographer, senior economist, and market analysts. Together, they empower individuals, organizations, and institutions with data-driven market insight and analysis. Experts in urban land economics, community planning, shifting demographics, and real estate trends, their strategic research supports a comprehensive advisory service offering and forms the basis of frequent reports and public presentations. Their thoughtful and objective approach truly embodies the core values of rennie.