| Sun Peaks Real Estate Trends & Insights |
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| Summer has fully arrived in Sun Peaks — long days, warm evenings, and wildflowers in full bloom bring the mountains to life. The trails are calling, the village is vibrant, and the alpine air feels just right. Whether you call Sun Peaks home or simply love escaping to the mountains, it’s the perfect season to enjoy all this beautiful place has to offer. Inventory Grows With The Season The number of active listings increased in June, reaching 103 homes on the market — a modest 9.6% rise from the previous year. With an average of 7 homes sold per month over the past year, this brings the Months of Supply to 15.65, suggesting buyers still have a good selection to choose from. Homes Taking Their Time The average time it took to sell a home in June rose to 77 days, up from 31 days during the same month last year. While this shift shows buyers are taking a bit more time to make decisions, properties are still moving steadily. Deals Are Happening Despite longer days on market, sales activity increased significantly. There were 11 homes sold in June — up from 6 sales last year. New listings dropped from 28 to 18, which helped drive the sales-to-listing ratio up to 61%, compared to 21% in June 2024. Key Takeaways With a higher number of active listings and a notable increase in sales, Sun Peaks remains a dynamic market heading into the peak of summer. For buyers, more options are available. For sellers, proper pricing and presentation remain key to a successful sale. Property Pricing Overview (Average Listing Price): Detached Homes: $2,182,630 Townhomes: $1,242,400 1/2 Duplex: $1,144,933 Condos: $791,619 Condo-Hotels: $202,829 Vacant Lots: $605,941 |
**Reports produced and compiled by RE STATS INC. Information is deemed reliable but not guaranteed. Does not reflect all market activity.
| What’s Happening in Canadian Real Estate |
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| Diverging Trends Across Canada A new RBC report highlights an emerging divide in Canada’s housing landscape. Some markets—particularly in Alberta and Saskatchewan—continue to see price growth and strong seller conditions, while others like B.C. are experiencing more balance or favouring buyers due to elevated inventory levels (RBC Economics). B.C. Sees Modest Recovery but Caution Persists According to TD Economics, B.C.’s housing market is expected to gradually stabilize through late 2025. However, higher borrowing costs and affordability challenges are keeping price growth subdued, especially in the Lower Mainland and coastal markets (TD Economics). In Kamloops and the broader Thompson-Okanagan region, residential real estate activity has gained momentum this summer, with average prices holding steady and more interest from local buyers. Still, overall demand is tempered by economic concerns and tight financing conditions (Business Examiner). |