Executive Summary

The Lake Country, British Columbia real estate market is currently classified as a balanced market. The median asking price is $1.0M.

There are currently 208 active listings. Inventory has increased 37.7% compared to last month.

Currently, listings spend an average of 43 days on market and the average price per square foot is $505.

Detached properties make up the largest share of the Lake Country market at 76% of active listings with an average price of $2.6M. Condo listings follow at 24% (avg $962K).

Sales Activity & Absorption

Volume

208
Active
43
Avg DOM
57
New (30d)
13
New (7d)

Market Signals

0
Price Cuts (30d)
13
New (7d)
0
Price Cuts
13
New (7d)

57 new listings appeared in the past month.

Neighborhoods

AreaListingsAvg Price
Lake Country South West11$1.5M
Lake Country East / Oyama9$1.5M
Lake Country North West7$1.3M
Avg 1 parks nearbyAvg 5 transit stops nearby

Interest Rates & Affordability

Current Rates

Bank of Canada Policy Rate2.25%
Prime Rate4.45%
Est. Variable Rate (Prime + 0.5%)4.95%

Lower rates increase purchasing power. The Bank of Canada sets the policy rate which influences prime rates across lenders.

Estimated Monthly Payment

Based on median price of $1.0M, 20% down, 25yr amortization
$4,881/mo
at 4.95% variable rate

This is an estimate only. Actual rates and payments will vary based on your credit profile, lender, and mortgage terms.

Market Outlook

The market is relatively balanced between buyers and sellers. The Lake Country market currently has 208 active listings with a median price of $1.0M.

  • Low price reduction rate (0% of listings)
  • Average price per square foot is $505

For Buyers

The Lake Country market is balanced. You have reasonable options, but well-priced homes will still draw interest. Get pre-approved and stay informed on new listings. There were 13 new listings in the past week.

For Sellers

Price your home realistically based on recent sales. Focus on presentation and highlight unique features. Well-priced properties are still selling within reasonable timeframes.

Search Lake Country

Browse all 208 active listings.

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Market data is calculated from active and recently sold MLS listings as of March 1, 2026. Past performance does not guarantee future results. Consult a real estate professional for specific advice.

Data provided by CREA DDF. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA). Information deemed reliable but not guaranteed.