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The HOLM Stretch | May 9, 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!
Worried about a slowdown? Here's how the housing market usually responds.
With economists now warning of a possible economic slowdown in the months ahead, a lot of homeowners and potential buyers are asking the same question:
Will home prices drop if the economy does?
Here’s what history tells us:
Real estate often holds steady—or even grows—during economic slowdowns.
In Canada, we’ve seen that housing tends to remain more stable than the stock market during periods of uncertainty. In fact, during past slowdowns, many regions saw home prices continue to rise, especially when interest rates began to fall.
According to RBC and TD Economics, if economic conditions soften later this year, the Bank of Canada is expected to begin cutting rates, possibly as early as summer. That could bring more buyers back into the market and support home values—particularly in areas with low inventory and strong demand.
So while headlines might sound ominous, the reality is often more nuanced.
If you’re curious what this could mean for your home or your neighborhood, we're happy to share what we’re seeing locally.
Just reach out and we'll send over a quick update.
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 May 9, there are 1008
homes showing as active listings here in North Okanagan. On May 2, there were 971 homes active.
Sales ranged from $215,000. to $1,180,000. Days to sell ranged from 12 to 336. No listings expired, 13 were cancelled.
39 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.
$215,000.
Low Sale
44
New Listings
$1,180,000.
High Sale
13
Listings Sold
JUST LISTED
Vernon BC Real Estate | 936 Mt. Ida Drive
Experience stunning panoramic views from this 5 bedroom 4 bath home on Middleton Mountain...
Spallumcheen BC Real Estate | 1618 Simons Road
Custom 3 bed 3 bath home in Spallumcheen on small acreage....
Rock Creek BC Real Estate | 5950 Crouse Creek FSR
Explore this Okanagan Off Grid Opportunity! 1 bed one bath cabin on 1.97 acres!...
ICYMI...
OUR FAVES
WHAT'S HAPPENING?
WHAT ELSE WE ARE TALKING ABOUT
House hunting fatigue is real. Here's how to stay on track
We get it—house hunting sounds exciting... until you’ve toured your 12th home, lost another bidding war, and your dream house disappears in 24 hours.
If the process is wearing you down, you’re not alone. Nearly half of buyers say it’s more stressful than expected.
But there are ways to avoid burnout. In this week’s post, we’re sharing practical strategies to help you:
• Regain your focus
• Set healthy boundaries
• Stay grounded in today’s market
• Move forward—without burning out
House Hunting Fatigue? Here’s How to Stay Focused
At the beginning of the home search, excitement is high. Every new listing feels full of p...
MAKING TRACKS
Okanagan has more provincial parks than just about anywhere else - Making Tracks
(This is the fourth in a series of columns about the best trails to explore, city by city ...
WEEKLY REAL ESTATE REPORT
Armstrong BC Real Estate Recap
A look at Armstrong Spallumcheen Market Activity for the last 7 days.
7
New Listings
0
Listings Sold
0
Price Up
1
Price Down
Vernon BC Real Estate Recap
A look at the Vernon market activity in the last 7 days
31
New Listings
10
Listings Sold
0
Price Up
29
Price Down
Coldstream BC Real Estate Recap
A look at Coldstream market activity over the last 7 days
3
New Listings
0
Listings Sold
0
Price Up
2
Price Down