North Okanagan Real Estate Market Update: Looking Back at 2025 & Ahead to 2026

North Okanagan Real Estate Market Update: Looking Back at 2025 & Ahead to 2026

The North Okanagan real estate market in 2025 proved to be both steady and resilient. While it wasn’t a breakout year of rapid growth, it was a year of stability — and in many ways, that’s exactly what our market needed.

Sales edged slightly higher than in 2024, and overall home prices remained stable across most segments. Many buyers chose to wait on the sidelines as mortgage rates gradually came down, watching closely for signs of affordability and confidence to return. As we moved through the year, rates settled into a more realistic and manageable range, helping to bring renewed optimism back into the market.

What We’re Seeing Now

As we head toward spring, we’re already seeing signs of increased buyer activity. With inventory levels higher than they were in recent years, today’s market offers more choice and opportunity — a welcome shift for buyers who have felt constrained by limited options in the past. This increased activity has the potential to create a healthier balance between supply and demand as we move forward.

Looking Ahead to 2026

Looking ahead, 2026 has the potential to be a more balanced market overall — one that creates opportunities for both buyers and sellers. Buyers may benefit from improved selection and stabilized pricing, while sellers can take advantage of motivated, more confident buyers entering the market.

Balanced markets tend to reward thoughtful planning, good timing, and strong guidance — and that’s where experience truly matters.

We’re Here to Help

Whether you’re considering a move, curious about market conditions, or helping a first-time buyer take their first step, we’re always happy to help. Sometimes that starts with nothing more than a coffee and a market update. With a combined 30 years of experience, our goal is to guide you with less stress and more peace of mind — every step of the way.

A Quick Note on BC Assessments

💡 2026 BC Assessments are out!
It’s important to remember that your BC Assessment is just one piece of the puzzle. It doesn’t always reflect current market conditions or what your home could truly sell for. If you’d like a more accurate picture of your home’s value in today’s market, we’re always happy to provide a personalized market evaluation.

Thrive Okanagan Real Estate Team

Steve & Jen Wikkerink

With deep roots in the North Okanagan and over 30 years of combined real estate experience, the Thrive Okanagan Real Estate Team is built on integrity, trust, and results. Whether you’re buying, selling, or planning your next move, we’re here to help you thrive — with confidence and clarity.

📞 250-540-4839
📍 Serving Vernon, Coldstream & the North Okanagan

If you’re thinking about making a move or simply want to understand what the market means for you, we’d love to connect.