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The HOLM Stretch | May 8th, 2026
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!
Where are home prices headed?
Whether you're actively looking to buy or sell, or just keeping an eye on the market, it's always helpful to stay informed. We wanted to share some expert insights into where Canadian home prices might be headed over the coming year.
Here's what the latest data is showing:
CREA's national benchmark price came in at $664,400 in March, down 4.7% year-over-year but up slightly from the month before. Nationally, the market is sitting in balanced territory.
CREA has revised its 2026 outlook to a 1.5% price gain and a 1% increase in sales—modest, but a stabilization after recent declines.
A few key trends are likely to shape the market:
👉 Interest rates: The Bank of Canada's overnight rate is holding at 2.25%, and TD, BMO, and CIBC all expect it to stay there through the end of 2026. The lowest 5-year fixed rate available today is around 4%.
👉 Mortgage renewals: More than one million Canadian households are expected to renew their mortgages this year. For many, that means adjusting to rates that are meaningfully different from what they originally locked in—something worth planning ahead for.
👉 Regional variation: B.C., Alberta, and Ontario are expected to see virtually no price growth in 2026, while other provinces are still forecast to see gains of 2% to 5%. The national picture doesn't tell the whole story.
👉 Buyer conditions: With more listings and less competition than a year ago, buyers in many markets have more room to negotiate than they've had in years, while sellers who price well are still finding success.
The market is always changing, but these insights give us a clearer view of the trends that will likely shape Canadian home prices over the coming year.
Talk soon,
CHRIS, PATRIC, JULIE, JASMINE, KRISTI & BRELL
p.s. If it's been more than 6 months since you've checked your home's value and you're curious about how local price trends have impacted it, reply to this email with your address. You might be surprised at how much your home's value has changed.
Scroll down for our regular real estate and community features.
In North Okanagan Real Estate
As of the morning of Friday May 1 there are 973 homes showing as active listings here in North Okanagan. On May 1 there were 941.
Sales ranged from $273,000. to $1,900,000. Days to sell ranged from 7 to 411. 24 listings expired, 12 were cancelled.
66 prices were reduced over the last week. 1 price increased.
Scroll down for our market recap for Vernon, Armstrong, Coldstream & Enderby real estate activity in the last 7 days.
$273,000.
Low Sale
90
New Listings
$1,900,000.
High Sale
39
Listings Sold
JUST LISTED
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Vernon BC BC Real Estate | 1117 Mt. Fosthall Drive #10
5,008 sq ft architect-designed executive rancher in Vernon's gated Mt. Eagle Place. M...
ICYMI...
WHAT'S HAPPENING?
WHAT ELSE WE ARE TALKING ABOUT
What to expect between an accepted offer and closing day
Once an offer is accepted, the seller's work isn't over. If anything, it picks back up.
There are documents to pull together, repairs to finish on schedule, and a final walkthrough to prepare for.
There are also response windows throughout the process where a slow turnaround on the seller's end can push the closing date back for everyone.
None of it is overwhelming when you know what's coming.
Whether you're getting ready to list or just wondering about the selling timeline, our latest post walks through the full closing process so you can head into it prepared.
What Sellers Can Do to Speed Up the Closing Process
Accepting an offer is just the beginning. Here's what sellers need to know about the ...
Questions about your specific situation? That is exactly what we are here for.
IN AND AROUND OUR TOWNS
MAKING TRACKS
WEEKLY REAL ESTATE REPORT
Armstrong BC Real Estate Recap
A look at Armstrong Spallumcheen Market Activity for the last 7 days.
6
New Listings
3
Listings Sold
0
Price Up
7
Price Down
Vernon BC Real Estate Recap
A look at the Vernon market activity in the last 7 days
59
New Listings
26
Listings Sold
1
Price Up
44
Price Down
Coldstream BC Real Estate Recap
A look at Coldstream market activity over the last 7 days
7
New Listings
5
Listings Sold
0
Price Up
8
Price Down
Enderby BC Real Estate Recap
A look at Enderby /Grindrod BC market activity over the last 7 days
11
New Listings
3
Listings Sold
0
Price Up
3
Price Down