The HOLM Stretch | October 10th, 2025
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Canadian housing market update: Why it’s a tale of two markets
Depending on where you live, the Canadian housing market is either picking up steam... or slowing to a crawl.
Here’s what we’re seeing:
🏡 Montreal & Quebec City are heating up.
Sales in Montreal surged 11% in September, well above the 25-year average. Prices are climbing too, with single-family homes up 7% and condos up 4%. Quebec City saw even sharper gains, with prices rising 13–16%.
🏘️ Calgary is shifting.
After a stretch of intense demand, Calgary’s market is leaning back toward buyers. Sales dropped 14% last month, while inventory climbed 36%. Detached and row house prices are softening, and apartment inventory has surged.
🌆 Toronto & Vancouver buyers have more leverage.
Inventory is climbing in both markets, and price growth has cooled. In Toronto, the average selling price slipped nearly 5%, but lower interest rates are helping more buyers re-enter the market.
So what does all this mean?
We’re in a transitional market. Conditions are changing fast, and they vary widely by region, price point, and property type.
Whether you're planning to sell or simply trying to understand how your local market is shifting, we can help you make sense of it.
Talk soon,
CHRIS, PATRIC, JULIE, JASMINE, KRISTI & BRELL
Scroll down for our regular real estate and community features.
P.S. If you're not sure how these shifts are playing out in our local market but want to know, reach out and we’ll walk you through what’s changing, and what it means for you.
In North Okanagan Real Estate
As of the morning of Friday October 10, there are 1001 homes showing as active listings here in North Okanagan. On October 3rd, there were 1015 homes active.
Sales ranged from $180,000. to $1,601,000. Days to sell ranged from 14 to 217. 6 listings expired, 24 were cancelled.
54 prices were reduced over the last week. 3 prices increased.
Scroll down for our market recap for Vernon, Armstrong, Coldstream & Enderby real estate activity in the last 7 days.
$180,000.
Low Sale
52
New Listings
$1,601,000.
High Sale
38
Listings Sold
JUST LISTED
Armstrong BC Real Estate | 2444 York Avenue #10
Simplicity without sacrifice! Explore this 3 bedroom 3 bath Armstrong BC home....
JUST SOLD
Enderby BC Real Estate | 728 Mill Avenue
Check out this 4 bedroom 2 bath home in Enderby on a flat corner lot!...
SOLD!! Enderby BC Real Estate | 307 Oxbow Place
SOLD!! Explore this rare small acreage, level entry 2 bedroom 3 bath ranch style home in E...
SOLD!! Spallumcheen BC Real Estate | 1176 Thomas Hayes Road
SOLD!! Explore this 4 bedroom 4 bath home on acreage in Spallumcheen...
ICYMI...
WHAT'S HAPPENING?
WHAT ELSE WE ARE TALKING ABOUT
ALL ABOUT THE STATS
If you’re thinking about selling your home, it's important to have a good understanding of what’s going on in the North Okanangan market.
Knowing the most important data such as the average sales price, the number of homes sold, and days on market will better prepare you to sell your home.
Our market report showcases everything you need to know about local real estate trends.
September North Okanagan Real Estate Report
Everything you need to know about local real estate trends....
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IN AND AROUND TOWN
NOM NOM
WEEKLY REAL ESTATE REPORT
Armstrong BC Real Estate Recap
A look at Armstrong Spallumcheen Market Activity for the last 7 days.
5
New Listings
7
Listings Sold
1
Price Up
4
Price Down
Vernon BC Real Estate Recap
A look at the Vernon market activity in the last 7 days
38
New Listings
20
Listings Sold
2
Price Up
36
Price Down
Coldstream BC Real Estate Recap
A look at Coldstream market activity over the last 7 days
5
New Listings
3
Listings Sold
0
Price Up
5
Price Down
Enderby BC Real Estate Recap
A look at Enderby /Grindrod BC market activity over the last 7 days
5
New Listings
5
Listings Sold
0
Price Up
3
Price Down