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The HOLM Stretch | September 26th, 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!
Rate cuts are back—will housing take off again?
The Bank of Canada trimmed its overnight rate by 25 basis points this month, bringing it down to 2.5%. More cuts are expected, but BMO economists are warning that moving too quickly could undo the stability we’ve seen in housing prices over the past year.
Here’s why:
- Real vs. negative rates: With inflation at 1.9%, Canada’s real rate is barely positive. By other measures (core CPI at 2.5%–3.1%), it’s already negative. Negative real rates mean borrowing is cheaper than the pace of inflation, which can encourage more debt and speculation.
- Cheap credit, big risk: Canadian home prices have been hypersensitive to interest rates for decades. Ultra-low rates fueled explosive growth, and higher rates helped cool things off. Cutting too far could quickly swing the pendulum back toward excess demand.
- The line in the sand: BMO cautions the BoC not to let rates fall into negative real territory—or into the “1-handle” range (below 2%). That, they say, could be the trigger that reignites housing exuberance.
The takeaway? Rate cuts might bring short-term relief for borrowers, but policymakers are wary of stoking another housing bubble. It’s a balancing act—stimulating the economy without putting affordability further out of reach.
Talk soon,
CHRIS, PATRIC, JULIE, JASMINE, KRISTI & BRELL
P.S. Not sure how this plays out for you? Every situation’s different.
If you want clarity on where you stand, reach out and we’ll help break it down.
Scroll down for our regular real estate and community features.
In North Okanagan Real Estate
As of the afternoon of Friday September 26, there are 1041 homes showing as active listings here in North Okanagan. On September 19th, there were 1049 homes active.
Sales ranged from $282,000. to $1,800,000. Days to sell ranged from 7 to 249. 9 listings expired, 31 were cancelled.
54 prices were reduced over the last week.
Scroll down for our market recap for Vernon, Armstrong, Coldstream & Enderby real estate activity in the last 7 days.
$282,000.
Low Sale
69
New Listings
$1,800,000.
High Sale
39
Listings Sold
JUST LISTED
Spallumcheen BC Real Estate | 1274 Mountain View Road
Check out this 3 bedroom 2 bath Spallumcheen home on 8.95 acres of land....
COMING SOON
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ICYMI...
WHAT'S HAPPENING?
WHAT ELSE WE ARE TALKING ABOUT
Skip the scramble later
It’s still nice out, but you know how fast that flips.
Now’s a good time to get a few things off your plate. Clean the gutters before the leaves hit hard. Deal with the filter you forgot about. Shut off the outdoor water before it turns into a problem.
This list is short for a reason. It’s about handling what’s easy now, so you’re not stuck with it later when everything’s wet, cold, or already broken.
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5 Pre-Winter Fixes You’ll Be Glad You Tackled in September
Home maintenance tends to follow a seasonal rhythm. In spring, it's about refreshing ...
Bonus: if you're even half-thinking about listing your place soon, this kind of care goes a long way.
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IN AND AROUND TOWN
2 Wheels, 3 Unforgettable Days Mountain Biking
Vernon is a two-wheeled paradise. Choose from popular paths along our turquoise shorelines...
NOM NOM
MAKING TRACKS
Multiple trail gems in south part of South Okanagan
Oliver, Osoyoos trails
WEEKLY REAL ESTATE REPORT
Armstrong BC Real Estate Recap
A look at Armstrong Spallumcheen Market Activity for the last 7 days.
11
New Listings
8
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
39
New Listings
26
Listings Sold
0
Price Up
39
Price Down
Coldstream BC Real Estate Recap
A look at Coldstream market activity over the last 7 days
8
New Listings
2
Listings Sold
0
Price Up
1
Price Down
Enderby BC Real Estate Recap
A look at Enderby /Grindrod BC market activity over the last 7 days
6
New Listings
0
Listings Sold
0
Price Up
4
Price Down