CENTRAL OKANAGAN REAL ESTATE UPDATE

February 2026

Welcome to 2026! With daylight increasing rapidly now, it already feels as though we are much closer to spring than winter. The shift in seasons brings a renewed sense of energy and optimism, and I’m actively embracing the warmer days ahead.

The real estate market is currently in a unique phase this cycle. In the Central Okanagan, the average seller is over 60 years old, and nearly 25% are selling to move closer to family. We are increasingly seeing real estate become a multi-generational strategy, where sellers either upsize to accommodate family members or downsize to provide the liquidity necessary to help the next generation enter the market.

Due to rising property costs and recent high interest rates, the average age of a first-time homebuyer has risen to between 36 and 40. As the gap between average income and housing costs widens, many families are looking for creative ways to bridge that divide. I am currently collaborating with mortgage brokers who specialize in innovative reverse mortgage options. These newly designed products are intended to provide homeowners with flexible ways to access liquidity or transition to a new home.

Whether you are considering “up-sizing” to accommodate additional family members or “down-sizing” to free up resources, these solutions are crafted to support your family’s housing needs during the changing real estate landscape.

Despite these challenges, homeownership remains the foundation of personal wealth when viewed through a six-to-ten-year lens. I am committed to helping the next generation achieve homeownership well before the age of 40.

If you have family members interested in entering the market, or if you would like to brainstorm ways to help your children and grandchildren, please reach out. I would be happy to help you develop a win-win real estate strategy for your family.

Manuella
Licensed Realtor

Trusted Real Estate Advisor – Backed by 20+ Years Local Experience