Kelowna real estate has never been a better value than today, the prices have come down from 20-30%, the selection in Kelowna has increased in some categories over 100% and the Interest Rates have not been this low in over 50 years. What a combination but it won't last forever, likley the first thing to change will be interest rates, the first hint of good news in the economy and they will rise.If you are a first time buyer take advantage of all the perks, no Property Transfer Tax, use your RRSP+ Tax Credit  or if you are wanting to move to Kelowna or within Kelowna this could be the best time.