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By Liam Verster

Housing Market Update

Housing prices in the Okanagan rose in July

Aug 7, 2025 | 11:00 AM

July was a bit more of a sellers market in the North and Central Okanagan.

The Association of Interior Realtors says benchmark prices for nearly all housing types increased in both regions on an annual basis in the most recent reporting month.

The realtors group (AoIR) said the North Okanagan saw single family home benchmark prices climb by 1.1 per cent to $770,500, townhouse prices go up 0.3 per cent $563,100, and prices for condominiums and apartments increase by 0.9 per cent to $320,700.

In the Central Okanagan, single-family home prices rose 1.9 per cent to $1,045,000, while condo and apartment prices were up 2.2 per cent to $504,500. Townhouses in the Central Okanagan were the only housing type in either region to see prices fall, after recording a 7.0 per cent drop to a benchmark price of $724,700 in July.

Tha AoIR said there were 171 housing units sold in the North Okanagan in July, with another 440 sold in the Central Okanagan, both of which were up from the same month the year before. Both regions also saw the number of new and active listings increase on an annual basis in the most recent reporting month.

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Those trends of increased sales and listings were also seen across the entire Southern Interior in July.

“For the second month in a row, market activity continues to trend in a positive direction, even with stabilized inventory momentum,” Association of Interior Realtors President, Kadin Rainville, stated.

“We’re entering a more typical summer rhythm, which suggests the market is starting to recover from the turbulence caused by tariffs earlier this year.

“Little to no major movement in price shifts reflects a broader trend toward market recovery. In this environment, accurately priced homes continue to perform well, while those that exceed current thresholds are increasingly likely to lag in buyer interest.”