Recent real estate statistics for November confirm an important truth: real estate is local. While headlines across British Columbia point to a market still in correction mode, the story across Interior BC is notably more stable than what we’re seeing in the Lower Mainland.
At a provincial level, BC continues to favor buyers, with sales, prices, and absorption rates trending downward. Much of this correction has been driven by factors impacting urban markets—namely the foreign buyer ban and short-term rental restrictions, which have hit Vancouver and the Fraser Valley hardest.
What We’re Seeing in the Interior
Across much of the Interior, markets are balanced to mildly soft, rather than sharply declining. Absorption rates are consistently landing within balanced-market territory, and prices have remained largely flat—especially compared to the more pronounced corrections seen between mid-2023 and mid-2024.
While October showed a slight uptick in activity, November brought a pause or mild pullback in some Interior markets. That said, this is more of a leveling-out than a downturn.
Regional Highlights
- Central Okanagan: Flat year-over-year sales and pricing, with higher-end properties showing more adjustment than entry-level homes.
- North Okanagan: Stable prices and absorption close to mid-balanced range, with early signs of inventory tightening.
- Revelstoke & Shuswap: Balanced conditions with inventory slowly declining—often a signal of improving demand.
- Kootenays: One of the strongest Interior performers, with absorption above the balanced midpoint and inventory trending down.
- Kamloops: A sharp dip in November sales, but overall 2025 performance has been steady—likely a monthly anomaly rather than a trend.
Looking Ahead to 2026
The outlook remains consistent: 2026 is expected to be slightly better than 2025, but not dramatically so. Gradual interest rate relief may support improved activity, particularly in Interior communities where affordability and lifestyle continue to attract buyers.
As always, forecasts are just that—forecasts. What remains clear is that Interior BC continues to offer relative stability in a province still finding its footing.
Happy New Year Everyone! As always, feel free to reach out if you’d like to talk about what these trends mean for your local market.
Disclaimer: The information provided in this blog represents my personal opinions and interpretation of market trends at the time of writing. It is not intended as professional advice. Readers should conduct their own research or consult qualified professionals before acting on any information contained herein.
