The HOLM Stretch | NOVEMBER 21st , 2025
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What October’s numbers say about where the market is headed
CREA’s latest update shows a mixed picture for October: fewer home sales than last year, but another small month-to-month uptick. It’s the sixth increase in seven months, which suggests buyers are gradually coming back.
Here’s what stood out:
Sales were down year-over-year, but activity is inching up.
Just over 42,000 homes changed hands in October, about 4 percent lower than last year. Prices eased slightly too. But compared with September, national sales rose again, continuing the slow climb that started in the spring.
Lower rates are starting to help, even if confidence is uneven.
CREA notes that interest rates are now approaching levels that encourage more activity. Economists expect this to support a gradual pickup through 2026. That said, job-market uncertainty and slower economic conditions are still weighing on some buyers.
Regional differences are widening.
B.C., Alberta, and Quebec saw activity pick up in October. Ontario, Saskatchewan, and Manitoba saw modest declines. Inventory has also shifted: nationally, active listings are up more than 7 percent from last year, but still down month-to-month.
Prices are holding steady in many areas.
The national average price was just over $690,000 in October, down slightly from last year. CREA’s price index shows small month-to-month growth but a modest annual drop. Markets with tighter supply may see steadier pricing heading into 2026, while B.C. and Ontario continue to lean toward buyers for now.
What this means going forward
Economists describe the current phase as a slow recovery. Demand is building, but activity remains below normal levels. If rates continue to ease and job conditions improve next year, that pent-up demand is expected to show up in the numbers.
If you’d like a breakdown of what these trends mean for your plans, buying, selling, or just keeping an eye on the market, we're here to help you sort through the details.
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 November 21 there are 827 homes showing as active listings here in North Okanagan. On November 14th, there were 852 homes active.
Sales ranged from 140,000. to $1,238,000. Days to sell ranged from 16 to 256. 14 listings expired, 29 were cancelled.
31 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.
$140,000.
Low Sale
45
New Listings
$1,238,000.
High Sale
29
Listings Sold
JUST LISTED
Spallumcheen BC Real Estate | 2589 Young Road Copy
Must see 4 bedroom 2 bath home on 37 acres in Spallumcheen!...
JUST SOLD
SOLD!! Armstrong BC Real Estate | 2444 York Avenue #10
SOLD!!Simplicity without sacrifice! Explore this 3 bedroom 3 bath Armstrong BC home....
ICYMI...
WHAT'S HAPPENING?
WHAT ELSE WE ARE TALKING ABOUT
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Designers are swapping pumpkins for navy, mushroom tones, moss greens, even plum.
It’s less seasonal, more stylish. And a lot easier to layer in.
We pulled together a quick guide to help you refresh your space or prep for a fall sale.
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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.
4
New Listings
3
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
16
Listings Sold
1
Price Up
20
Price Down
Coldstream BC Real Estate Recap
A look at Coldstream market activity over the last 7 days
3
New Listings
3
Listings Sold
0
Price Up
3
Price Down
Enderby BC Real Estate Recap
A look at Enderby /Grindrod BC market activity over the last 7 days
3
New Listings
3
Listings Sold
0
Price Up
4
Price Down


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