Kelowna Buyer's Guide
Buying a Home in Kelowna
Your complete step-by-step guide to purchasing property in the Okanagan. From pre-approval to closing day, everything you need to know.
6 Steps to Buying a Home in Kelowna
Follow this proven process to navigate the Kelowna real estate market with confidence
Get Pre-Approved for a Mortgage
Before you start looking at homes, get pre-approved by a lender. This tells you exactly how much you can afford and shows sellers you're a serious buyer.
Choose Your Kelowna Neighbourhood
Kelowna has diverse neighbourhoods from lakefront luxury to family-friendly suburbs. Consider your lifestyle, commute, schools, and budget when choosing.
Work with a Local Realtor
A knowledgeable Kelowna realtor will help you navigate the market, find properties before they hit MLS, and negotiate the best deal on your behalf.
View Properties & Make an Offer
Tour homes that meet your criteria, then work with your realtor to craft a competitive offer. In a hot market, be prepared to act quickly.
Complete Due Diligence
Once your offer is accepted, complete your home inspection, finalize financing, and review all documentation before removing conditions.
Close & Get Your Keys
Work with your lawyer or notary to complete the transfer. On closing day, you'll sign final documents, transfer funds, and receive the keys to your new Kelowna home.
Popular Kelowna Neighbourhoods for Buyers
Each area offers unique lifestyle benefits. Find the one that fits your needs.
Lower Mission
Upscale lakefront living with beaches and wineries
Glenmore
Family-friendly with excellent schools and parks
Rutland
Affordable entry point with growing amenities
West Kelowna
Wine country living with stunning lake views
Lake Country
Quiet lakeside communities north of Kelowna
Peachland
Charming small town on the lake
Why Buy in Kelowna?
Kelowna offers a unique combination of lifestyle, investment potential, and natural beauty that's hard to find anywhere else in Canada. With Okanagan Lake at your doorstep, world-class wineries, and over 2,000 hours of sunshine per year, it's no wonder the Okanagan is one of Canada's fastest-growing regions.
The real estate market here offers everything from affordable condos in Rutland to multi-million dollar waterfront estates in Lower Mission. Whether you're a first-time buyer, growing family, or investor, there's a property that fits your goals.
Kelowna Home Buying FAQs
What salary do you need to buy a house in BC?
In 2025, the income needed to get a mortgage in BC is approximately $173,642 annually. This is based on current home prices and lending requirements. However, entry-level properties like condos and townhouses require lower income thresholds.
What salary do you need to live in Kelowna?
A single person usually needs an annual income of $75,000 or more to live comfortably in Kelowna. This covers expenses, allows for savings, and leaves enough to enjoy the Okanagan lifestyle. Families should plan for combined incomes of $120,000+.
What is the average cost of a home in Kelowna?
The median detached home price in Kelowna is around $1.2 million in 2025, though the overall median including condos and townhouses is closer to $815,000. Prices vary significantly by neighborhood—from $400,000 condos to $5M+ luxury estates.
How much does it cost to build a house in Kelowna?
Building a home in Kelowna costs $325-$425 per square foot. For a 2,000-square-foot home, expect to pay between $650,000 and $850,000. Existing single-family homes average over $1 million, so building can sometimes offer savings.
Is now a good time to buy a home in Kelowna?
With high inventory, lower interest rates, and prices down about 12% from the peak, 2025 is a favorable time for buyers. The market is clearly in buyer territory, giving purchasers more negotiating power and selection.
What are the best neighborhoods to buy in Kelowna?
Popular buying areas include Lower Mission for lakefront living, Glenmore for families, Rutland for value, and Wilden for modern developments. First-time buyers often start in Rutland or North Kelowna for affordability.
Related Resources
Find a Kelowna Realtor
Work with an experienced local agent who knows the Kelowna market inside and out.
Kelowna Waterfront Properties
Explore lakefront homes and investment opportunities on Okanagan Lake.
West Kelowna Realtor
Discover Westside homes in Lakeview Heights, Glenrosa, and Shannon Lake.
Selling Your Kelowna Home
Planning to sell before you buy? Learn how to maximize your sale price.
Ready to Find Your Kelowna Home?
Get personalized guidance from a local expert. Free consultation, no pressure.