Buying a Vacation Property in Kelowna? Here’s What to Know

Dreaming of a place by the lake to call your own—or a vacation home that can double as a short-term rental? Kelowna continues to be one of B.C.’s top choices for second homes, and for good reason. From beaches and wineries to golf courses and ski hills, this city offers year-round appeal. But before you jump into the market, there are a few key things to know about buying a vacation property here in 2025.

Short-Term Rental Rules Just Got Looser

One of the biggest updates for vacation property buyers: Kelowna has recently updated its short-term rental (STR) regulations to align with B.C.’s new provincial framework. The new rules are actually less restrictive than before, opening up more opportunities for owners who want to rent out their properties when they’re not using them.

Under the updated policy:

• You can operate a short-term rental in your principal residence, plus a secondary suite or carriage house in many zones.
• Condos in tourist commercial zones may also qualify, depending on strata bylaws.
• All STR operators still need to register and follow safety, insurance, and parking requirements.

If you’re buying with rental income in mind, these changes make Kelowna even more attractive. But as always, it’s smart to confirm zoning and strata rules before purchasing.

High Condo Inventory Means More Choice

Right now, Kelowna has a healthy supply of condo inventory, especially downtown and near the waterfront. For buyers, this means:

• More selection across price points and floor plans
• Greater potential to negotiate on price
• Faster closing timelines

Condos make ideal vacation homes because they are low maintenance, walkable to amenities, and often have great views. Many buildings also have secure parking, pools, and fitness facilities, making them even more appealing to guests if you plan to rent.

Best Areas for Vacation Properties in Kelowna

Not sure where to start your search? Here are some neighbourhoods that are top picks for vacation and second homes:

• Lower Mission – Close to Gyro Beach and trendy cafes. Popular with families and active retirees.
• Downtown Kelowna – Walkable, vibrant, and packed with shops, dining, and lake access. Great for STRs and lock-and-leave condos.
• South Pandosy – A charming mix of heritage homes and upscale condos, near the beach and boutique shopping.
• West Kelowna Estates – Scenic, quiet, and often more affordable, with incredible views across the lake.

Final Thoughts on Buying a Vacation Home in Kelowna, BC

Whether you’re buying for personal use, rental income, or both, Kelowna continues to offer strong value in the vacation property market—especially with looser STR rules and an increase in available condos. But inventory can move quickly in the spring and summer, so it pays to work with a REALTOR® who knows the ins and outs of the local market and regulations.

Thinking about buying a vacation home in Kelowna? Let’s talk about your goals and find the right fit—whether it’s lakeside luxury or a low-maintenance condo steps from the beach. Get in touch with me today to learn more!