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Should You Sell in the Winter

Winter can be a surprisingly strategic time to sell your home in Vernon, BC and the North Okanagan, and knowing the insider advantages will give you the edge in the marketplace. Unlike the crowded spring and summer selling seasons, winter offers unique benefits that only the most knowledgeable homeowners take advantage of—making you the person everyone turns to for real estate wisdom in the Okanagan.


Reduced Competition, Serious Buyers

During winter in Vernon, there are fewer homes on the market. That means less competition for your property, making it stand out and catch the attention of motivated buyers. Many sellers wait for spring, but those who enter the winter market tap into a serious and focused pool of buyers—people who need to move for work, family, or other life changes and are not deterred by a little snow. This can lead to quicker sales and even multiple-offer scenarios if your home is priced right and presented well.​


Homes Sell Year-Round—At Great Prices

It’s a myth that homes don’t sell or fetch lower prices during the winter months. In reality, statistics and local trends show strong, steady activity throughout the year. Motivated winter buyers often make faster decisions and are less likely to use small cosmetic issues as bargaining chips. According to Canadian real estate data, homes sold in December through February can sell at prices comparable, and sometimes even superior, to peak seasons. This means you don’t have to sacrifice on value just because it’s cold outside.​


Leverage Cozy Winter Features

Winter also allows you to showcase the best cozy aspects of your home. Highlight fireplaces, efficient heating, and winter décor to create an inviting atmosphere. Tasteful holiday or winter decorations, freshly shoveled sidewalks, and a warm, well-lit interior will resonate with buyers picturing their own gatherings in the space. In this season, even small efforts in curb appeal—like keeping walks clear and adding evergreens—go a long way.​


Shorter Winters Can Mean Spring-like Closings

Okanagan’s winters are generally milder and shorter compared to other parts of Canada. Sellers can list in winter and, by the time offers are accepted and deals close, spring-like weather often arrives, making the process more seamless than expected. 


In fact, if you are just now considering selling this winter, by the time you are ready to get your home on market, get pictures, video and marketing materials ready and get an accepted offer there is a good time you will be heading into spring by the time you need to move.  


Okanagan Winter Attracts New Residents

The Okanagan offers a wide range of winter activities, from skiing and snowboarding at world-class resorts -  don’t forget Sovereign Lake for the skinny ski set - to exploring snowy snowshoe trails, fat tire biking, cold plunging in Kal Lake, wine tasting, and relaxing at spas. While the mountain areas receive abundant "champagne powder," the valley experiences milder temperatures, allowing for year-round hiking and other activities.  After falling in love with all the winter activities available in the Okanagan some of these visitors will likely turn into Okanagan residents.


Where Are You and What Are You Selling

If you’re selling a condo or a smaller townhome then moving in winter really isn’t that much of an inconvenience.  However, as your home increases in square footage and acreage you may want to reconsider selling a little closer to spring to make your move easier.  And the same goes for location.  In the valley the snow load can be quite low but head up towards Silver Star or further away from Vernon and you may run into snow loads that make you want to reconsider having to move until early spring.   These are all logistics that can be figured out between you as the seller and your trusted real estate professional Mark Nichiporuk


Maximize Your Digital Presence

Most buyers today begin their search online. Winter shoppers often spend more time at home browsing listings, so invest in professional photography and virtual tours. This boosts your property’s visibility and appeal—regardless of the weather. With fewer homes to compete with, your listing will naturally receive more attention and attract buyers who are ready to act.​


Pro Tips Only North Okanagan Insiders Know

Stay flexible with showings to accommodate buyers’ busy winter schedules.

Share evidence of your home’s energy efficiency—lower heating bills are a powerful selling point.

Partner with Mark Nichiporuk, your trusted Okanagan real estate professional, to price your home perfectly for winter buyers and market trends.​ 

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Mortgage Renewal Decisions — Should You Switch Lenders or Stay Put?

When your mortgage comes up for renewal, you face a key choice: stick with your current lender or shop around. Many homeowners automatically renew, but that can cost thousands over time.

Staying put is convenient. You avoid paperwork, appraisals, and the stress of negotiating. If your lender’s offer is competitive and you value simplicity, renewing directly might make sense, especially if your income or debt levels have changed and requalifying could be difficult.

Switching lenders can pay off if you are willing to do a little legwork. Competing lenders may offer lower rates, better prepayment options, or terms that fit your future plans. Even a small rate difference, such as 0.25%, can translate to significant savings over a five-year term.

Example: A homeowner with a $400,000 mortgage could save over $4,000 in interest just by switching to a lender offering a slightly lower rate.

Before signing that renewal letter, take time to review your goals. Are you planning to move, refinance, or pay off faster? A mortgage professional can compare offers and help you decide whether staying or switching aligns best with your financial picture.


Reprinted with permission of Dan Oliver at Oliver Mortgage

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October Market Snapshot

A Solid Month in the North Okanagan

Items of Note for October

  • Sales take a step back against the 10 Year Average.  October sales in the North Okanagan came in 13% below the 10 Year Average - this is after September sales figures came in just 3.7% below the 10 Year Average.  
  • North Okanagan Year-over-Year sales up 18%.
  • Central Okanagan sales down 4% Year-over-Year and 18% below the 10 Year Average
  • British Columbia residential home sales down 10.2% Year-over-Year and come in 17.1% below the 10 Year Average.
  • Bank of Canada lowers interest rate to 2.25%.  Next rate announcement December 10th.

 

Sales

North Okanagan Unit Sales were up 18% Year-over-Year (150 vs 127) which is 13% below the 10 Year Average of 172. 





 



Median Sales Price

  • Median Selling Price was $624,500, which was down 7% Year-over-Year ($672,000), and down from Sept ($632,000). 



Average Sales Price

  • Average Selling Price was $709,393 which is down 9% Year-over-Year ($780,252), but up from Sept ($690,329).

     




Benchmark Price

  • Single Family Home Benchmark price is $773,400, which is up 4% Year-Over-Year and also up from September ($753,500)
  • Townhome Benchmark price is $570,300, which down 2% Year-over-Year and down from September ($596,200).
  • Condo Benchmark price is $314,800, which is unchanged Year-over-Year and also unchanged from September ($315,900). 
  • The Overall Composite Benchmark Price for the North Okanagan was up Year-over-Year ($669,300 vs $651,000) and up from September ($663,100).







Composite Benchmark Selling Price for the North Okanagan since March 2020. 






New Listings hitting the market were up 4% Year-over-Year (201 vs 193) which is about 4% below the 10-Year average (209).  

Active Listings are up 5% Year-over-Year (945 vs 900), which puts the North Okanagan about 16% above the 10 year average (816) for the month of October.

 






The overall North Okanagan market continues to be in a balanced market.

The Sales to Active Listings ratio is 16% (Up from 15% in Sept, Aug, July, June and May). 
Between 12-25% is considered a Balanced Market.

The Sales to New Listing ratio is 74% (up from 55% in Sept). 
Between 40-60% is considered a Balanced Market.  

Days to Sell Average is 79 days.  This is down Year-over-Year (81) but up from Sept (76).

For the full report click here

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September Market Snapshot

Best Month Since April 2022?

Items of Note for September

  • Sales continue to improve against the 10 Year Average.  It looked like North Okanagan sales were finally going to end up above the 10 Year Average (it would have been the first time since April 2022).  In the end, we finished 7 sales shy (156 vs 162) and came in 3.7% below the 10 Year Average.  This is still our best monthly result vs the 10 Year Average since April 2022 so one could argue that this is the best monthly sales result since April 2022.  
    Rounding out the top 3 results are: June 2023 4.1% below and May 2022 6.1% below.   August sales were 11% below the 10 Year Average.  
  • North Okanagan Year-over-Year sales up 51%.
  • Central Okanagan sales up 40% Year-over-Year but still 15% below the 10 Year Average
  • British Columbia residential home sales up 4.4% Year-over-Year (the 4th month in a row with positive Year-over-Year sales growth) but is still 21.4% below the 10 Year Average.
  • Bank of Canada next interest rate announcement Wed Oct 29.
 

Sales

North Okanagan Unit Sales were up 51% Year-over-Year (156 vs 103) which is just 3.7% below the 10 Year Average of 162. 





 



Median Sales Price

  • Median Selling Price was $632,000, which was down almost 7% Year-over-Year ($677,000), and down slightly from Aug ($637,000). 


Average Sales Price
  • Average Selling Price was $690,329 which is down 11% Year-over-Year ($773,552), and down from Aug ($734,875).


To see full report click here

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August Market Snapshot

Continues to Show Signs of Improvement

Items of Note for August

  • North Okanagan Year-over-Year sales up 21%.
  • Sales continue to improve against the 10 Year Average.  August sales were 11% below the 10 Year Average while July sales were 14% below the 10 Year Avg, June sales were 17% below, May sales were 21% below, April was 23% and March sales were 28% below the 10 Year Avg.  If you recall sales had climbed within 7% of the 10 Year Avg in Feb before the market slowed down with the threat/introduction of US tariffs etc.  The last time sales came in above the 10 Year Average was April 2022.
  • The North Okanagan continues to be in a Balanced market
  • Central Okanagan sales up 14% Year-over-Year but loses lots of ground vs the 10 Year Average
  • British Columbia residential home sales for month of August up 0.5% Year-over-Year - the 3rd month in a row with positive Year-over-Year sales growth
  • Bank of Canada lowered its key interest rate by 25 basis points to 2.5 per cent, marking its first cut since March
 

Sales

North Okanagan Unit Sales were up 21% Year-over-Year (167 vs 138) which is just 11% below the 10 Year Average of 188. 

August's 167 home sales surpasses 2022 (141), 2023 (146) and 2024 (138).




 



Median Sales Price

  • Median Selling Price was $637,000, which was down 1% Year-over-Year ($644,500), but up slightly from July ($635,000). 


Average Sales Price
  • Average Selling Price was $734,875 which is down 2% Year-over-Year ($748,629), but up from July ($703,172).

For full report click here

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