VREP #495 | Kelowna Real Estate is On Sale: The 20% Developer Discount & What it Means with Colin Krieg & Luke Turri

After three years of adjustment, where does Kelowna real estate stand today? Realtor Colin Krieg and Mission Group President Luke Turri sit down with Adam & Matt to provide an assessment of both the resale and presale markets in a city that's shifted from 98% of listings selling at peak to just 10% today. Colin pulls no punches about a market he's never seen before, while Luke reveals Mission Group's bold upcoming one-day sale offering lakefront homes at a 20% discount across the board. The conversations reveal which price points still generate competition and why developers are pivoting from traditional presale models to completed inventory strategies. What does it mean when 70% of buyers are now local versus outside investors? Is Kelowna evolving beyond its boom-bust reputation into a true urban center? And is now the time to be looking for blue chip property deals in the Okanagan? Don't miss these ground-level insights from two of Kelowna's most plugged-in market participants.