A one-day, 20% off flash sale hits Kelowna’s condo market—here’s what’s behind it

Alma on Abbott, a boutique 87-home development in Kelowna by Mission Group, is offering a 20 per cent discount on all available units for just one day: November 22, 2025. This rare markdown comes during a period of uncertainty in today’s real estate market, where increased interest rates and buyer pause have become the norm, resulting in creative thinking from seasoned local developers.

The property

Type: Apartment/Condominium

Neighbourhood: South Pandosy

Year built: 2025

Parking: Garage, Underground

Taxes: Dependent on buyer’s profile and eligibility

Strata fees: $0.52 per square foot

Listed price: From $345,900 (before discount)

Located directly across from Pandosy Waterfront Park, Alma on Abbott offers stunning protected lake views and is within walking distance of various supermarkets, bars and restaurants. The types of units range from studios to 3-bed, 3-baths, and even townhomes—allowing it to cater to a variety of residents. 

“We have smaller units for professionals living in that area or those looking to downsize,” says Luke Turri, president of Mission Group. “And we’ve also seen interest from move-up buyers and even first-time home buyers.”

Ideal location aside, the units feature large windows to allow ample sunlight into the home and are also fitted with blackout roller shades in all bedrooms to ensure a more comfortable sleep. Move to the kitchen and you’ll find a single basin stainless steel Franke sink fitted into smooth quartz countertops amidst high-quality appliances from Whirlpool and KitchenAid. Additionally, most, if not all, cabinetry in the kitchen and the bathroom are locally manufactured by Norelco Cabinets in a stunning wood-grain laminate.

To sweeten the deal, Mission Group will be offering a 20 per cent discount for one day only on November 22, bringing studio prices from $345,900 to $276,720 and townhomes from $1.19-million to $959,920.

“I think the word that comes to mind when you’re talking about the market is uncertainty,” Turri explains. “People are hesitating to make large purchases and that’s understandable. And rather than wait for that inevitable market correction, we decided that we want to give a really clear signal with this opportunity.”

Since Mission Group’s announcement, prospective buyers from Kelowna, the lower mainland and even folks from Alberta have shown interest in the property. Turri notes that most prospective buyers of the larger two-bedroom units are downsizers, while other units are being eyed by buyers that have previously bought in the Kelowna market or are looking for an opportunity to invest in a future retirement home.

The big picture

Kelowna’s condo and townhouse market has slowed over the past two years, with increased inventory and moderating sales. Yet the fundamental drivers—population growth and limited land—remain unchanged, fueling long-term optimism among developers. “The desire for moving here is still strong,” Turri says, adding that market cycles are nothing new for those who’ve built homes in the region for decades.

“Having a sale like this for any sort of condo project is quite rare, but it’s exceedingly rare for something that’s semi-waterfront in the Pandosy’s Village in Kelowna.”