Okanagan's 426 Completed Unsold Homes Await Province's Decision

What is the current status of unsold homes in the Okanagan? As of Q2 2026, there are 426 completed unsold homes in the region, comprising 373 in Kelowna and 53 in Vernon. In Kelowna, the unsold inventory includes 31 townhouses, 163 woodframe condos, and 178 concrete condos, which are distributed across 11 condo buildings and seven ownership groups. Meanwhile, Vernon has a more concentrated inventory, with 53 completed unsold homes all located within a single woodframe building. The age of the standing inventory varies significantly among these Okanagan markets, with some homes completed over a year ago and others finished just a few months prior.

Understanding the dynamics of unsold homes in the Okanagan is crucial for stakeholders as the province's condo conversion plan unfolds.

For expert insights on the Kelowna real estate market, connect with Sean Upshaw, REALTOR® at Royal LePage Kelowna.