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The HOLM Stretch | June 6, 2025
Chris Holm & Associates
We want you to know that our team is unique in the way we chose to approach real estate here in the North Okanagan. We are a true real estate co...
We want you to know that our team is unique in the way we chose to approach real estate here in the North Okanagan. We are a true real estate co...
Thanks for stopping by!
What Canadian banks are watching closely 👀
Canada’s big banks just posted another round of solid earnings.
But if you listen closely, there’s a new phrase popping up again and again in their outlooks: “Cautiously optimistic.”
Why? Because while the economy’s holding steady and our banking system remains one of the most stable in the world, the housing market is starting to show signs of stress—especially in places like Ontario and B.C.
Here’s what we’re keeping an eye on:
🏡 More inventory: In Metro Vancouver, listings reached a 10-year high this spring. Homes are taking longer to sell, and buyers are being more selective.
📈 Renewals ahead: Roughly 60% of mortgages in Canada will come up for renewal in 2025 or 2026. Many were locked in at pandemic-era rates under 2%. Even with recent rate cuts, renewals will be higher—and that could stretch household budgets.
💳 Delinquencies rising: According to Equifax, more Canadians are starting to miss payments, especially in provinces with higher housing costs. That’s something banks and economists alike are tracking closely.
But here’s the bigger picture:
✅ Canadian banks are well-capitalized and proactive.
✅ Most homeowners have built significant equity.
✅ And for buyers, more inventory means more choice—and more negotiating power.
Markets change. That’s nothing new. But being informed and having a plan? That’s what makes all the difference.
If you’d like a quick update on how local trends are playing out near you—or how this might impact your next move—just hit reach out.
Talk soon,
CHRIS, PATRIC, JULIE, JASMINE, KRISTI & BRELL
Scroll down for our regular real estate and community features.
In North Okanagan Real Estate
As of the morning of Friday June 6, there are 1110 homes showing as active listings here in North Okanagan. On May 30, there were 1093 homes active.
Sales ranged from $185,000. to $1,585,500. Days to sell ranged from 0 to 268. 28 listings expired, 21 were cancelled.
78 prices were reduced over the last week.
Scroll down for our market recap for Vernon, Armstrong, and Coldstream real estate activity in the last 7 days.
$185,000.
Low Sale
99
New Listings
$1,585,500.
High Sale
34
Listings Sold
JUST LISTED
Enderby BC Real Estate | 1099 Enderby Mabel Lake Road
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Vernon BC Real Estate | 6111 Bella Vista Road
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ICYMI...
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WHAT'S HAPPENING?
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WEEKLY REAL ESTATE REPORT
Armstrong BC Real Estate Recap
A look at Armstrong Spallumcheen Market Activity for the last 7 days.
6
New Listings
1
Listings Sold
0
Price Up
6
Price Down
Vernon BC Real Estate Recap
A look at the Vernon market activity in the last 7 days
69
New Listings
26
Listings Sold
0
Price Up
53
Price Down
Coldstream BC Real Estate Recap
A look at Coldstream market activity over the last 7 days
8
New Listings
1
Listings Sold
0
Price Up
5
Price Down