In my last column, I wrote about how artificial intelligence was going to do lots of great things and make buying and selling real-estate a breeze.

For this column, I asked AI to do a market trend analysis of the Kelowna B.C. real estate market.

First up was Grok. It came up with about 1,200 words, which I then asked it to summarize to 150 words. This is what it said:

“The Kelowna, B.C. real estate market in early 2025 shows signs of recovery. Sales rose significantly, with January 2025 single-family home sales up 41% year over year, reaching 110 units, and October 2024 saw a 60% increase. Benchmark prices increased modestly, with single-family homes at $1,030,600 (up 5.4%) and condos at $517,700 (up 4.3%), though still below 2022 peaks. Inventory levels are high, with nine months of listings in September 2024, creating a buyer’s market, especially in the luxury segment. Interest rate cuts to 3% by January 2025 have boosted affordability, while new short-term rental regulations increased condo supply. Economic growth in the region was slow in 2024, but realty insiders predict a 4% sales increase and a 3% price rise in 2025. Affordability remains a challenge, and while move-up buyers drive mid-to-high range activity, first-time buyers focus on entry-level properties, signalling a cautiously optimistic, balanced........

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