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By Liam Verster

Housing Market Update

Housing prices on the rise in the North, Central Okanagan

Jul 8, 2025 | 11:20 AM

It was a seller’s market locally in June.

The Association of Interior Realtors (AoIR) said local housing prices rose, as did sales, in the previous month.

The organization said there were 177 units sold in the North Okanagan and 418 sales recorded in the Central Okanagan last month, reflecting increases of 4.1 and 6.,1 per cent, respectively, from June of 2024.

In the North Okanagan, housing prices rose across the board on an annual basis.

The AoIR said the benchmark prices for single family homes rose 4.2 per cent to $784,100, the price for townhouses rose 3.5 per cent to $584,100, and the prices for condominiums and apartments went up 5.3 per cent to $329,000.

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In the Central Okanagan, the AoIR said the benchmark prices for single family homes rose 5.8 per cent to $1,067,500, while the prices for condos and apartments rose 5.6 per cent to $516,700. There was a slight decline in townhouse prices, which were down 0.5 per cent to $713,300 in the Central Okanagan this past June.

Active listings also increased by 11 per cent in the North Okanagan and 7.0 per cent in the Central Okanagan in June. The North Okanagan also saw a 13.8 per cent annual increase in new listings during the latest reporting month, however, the Central Okanagan saw new listing figures fall by 6.3 per cent.

The Shuswap/Revelstoke and South Okanagan areas also saw prices mainly rise, alongside an increase in sales and both active and new listings.

“June brought a welcome rebound in residential real estate sales, suggesting that the market is regaining its footing after a sluggish spring,” Kadin Rainville, the Association of Interior Realtors president, said.

“While we’re not yet back to historic levels, the positive momentum is notable given the lingering economic uncertainty from unresolved trade policies, which have weighed more heavily on other markets in the province.”

Rainville added a “gap between buyer and seller expectations remain a key factor contributing to some hesitation, alongside broader economic concerns,” though added that increased inventory levels may help restore some buyer confidence and see a return to more “balanced market conditions.”