Robust Spring Market in the Kootenays

Why the Kootenay Real Estate Market Is Outperforming the National Trend

If you’ve been keeping an eye on the real estate market in Canada lately, you’ve likely noticed a tone of caution in national headlines. Reports speak of softening demand, and price corrections in some major urban centers. But here in the Kootenays, we’re seeing a very different story—one of growth, demand, and a thriving housing market.

So what’s shaping up to be one of the most active and competitive real estate seasons in recent memory here in the Kooteays? Whether you’re a local homeowner, a buyer looking to move from larger urban centers, or an investor curious about regional opportunities, the Kootenays are showing impressive strength in 2025—and it’s a trend worth paying attention to.

The Kootenay Market at a Glance

Let’s start with the numbers:

• Sales are up 8.2% month-over-month – a clear sign of growing demand.
• Benchmark price has increased by 6.5%, indicating not only strong buyer interest but also robust market confidence.
• Days on market has dropped by 11.9%, now averaging just 61 days – homes are moving quicker than ever.
• Multiple offer situations and sales over asking price are becoming common, something we haven’t consistently seen since the peak boom years.

Now contrast that with the broader Canadian market:

• Nationally, home sales are relatively flat or slightly declining month-over-month in many regions, with the Canadian Real Estate Association (CREA) reporting only modest national growth.
• The national benchmark price has increased by just 0.6%, a far cry from the 6.5% seen in the Kootenays.
• Average days on market remains above 75 in many parts of the country, with some areas pushing closer to 90, reflecting slower buyer activity and a more balanced or even buyer-favoring market.

In short, the Kootenay region is outperforming the national market by a wide margin, both in pace and pricing.

What’s Driving the Kootenay Surge?

There are a few key factors contributing to this regional boom:

1. Lifestyle Migration from Major Cities

One of the most significant trends we’re seeing is a continued migration of buyers from larger urban centers like Vancouver, Calgary, and Edmonton. Many of these buyers are attracted to the Kootenays for a combination of reasons:

• Affordability compared to big-city housing prices.
• A slower pace of life and a strong sense of community.
• Access to nature – the mountains, lakes, and trails are a powerful draw for anyone craving a healthier, outdoor lifestyle.
• Increased remote work flexibility that allows people to live where they want, not just where their job is.

This migration is fueling demand for single-family homes in communities like Nelson, Trail, Rossland, and Castlegar, particularly among young families, retirees, and digital professionals who are looking for more value and better quality of life.

2. Inventory Remains Tight

Another factor driving up prices and creating bidding wars is the limited inventory available. While new listings have increased slightly, they’re still not enough to meet demand, particularly in popular neighborhoods and for mid-priced detached homes.

This scarcity leads to more competitive offer situations. I have recently represented clients in deals where multiple offers pushed sale prices over asking, especially for turnkey properties or homes with desirable land or views.

3. Strong Local Economy and Amenities

While national headlines often focus on interest rates and inflation, the Kootenays are quietly benefiting from a resilient local economy, bolstered by sectors such as tourism, forestry, renewable energy, and small business innovation. Combine that with growing investments in healthcare, education, and infrastructure, and it’s no wonder the area is attracting new residents and investors alike.

What This Means for Buyers

If you’re in the market to buy in the Kootenays, it’s important to come prepared. Here are a few tips for buyers:

• Get pre-approved for your mortgage before you start shopping. In multiple-offer scenarios, having financing lined up is a major advantage.
• Be ready to act fast. Homes are spending less time on the market, and the best listings often sell within days.
• Work with a local agent who understands the nuances of the market. Timing, pricing strategies, and relationships with local sellers all matter in this environment.

As a local expert and someone who lives the Kootenay lifestyle myself, I can help you navigate this market strategically and find the right home at the right price, even if it means winning a multiple bid scenario.

What This Means for Sellers

If you’ve been considering selling your home, now is the time to seriously think about it. The current market offers sellers:

• High demand and low competition.
• Strong price growth, with buyers willing to pay premiums for desirable features like views, updated finishes, or proximity to nature and downtown cores.
• Shorter selling timelines, which can reduce the stress and uncertainty of a traditional listing cycle.

Even if you’re not ready to move right away, it’s worth having a conversation about your home’s current value. You might be surprised at what your property could sell for in today’s market.

Looking Ahead: Sustainable Growth?

Some might ask: is this just a momentary spike, or is it part of a longer-term trend? While no one can predict the market with absolute certainty, all signs point to sustainable demand in the Kootenays, especially with continued migration from urban centers and limited new housing development.

We’re not seeing the speculative buying that characterized some markets during the 2021 peak. Instead, buyers in the Kootenays are largely end-users—people looking to live, work, and build a life here. That bodes well for long-term stability. Lastly, we do not have the condo housing bubble that major centers do which is having big downward pressure on their markets. This will help our region sustain itself in the coming years.

Final Thoughts

The Kootenay real estate market is not only holding strong. With year-over-year growth in prices, reduced time on market, and buyer interest showing no signs of slowing, our region is in a uniquely favorable position compared to the national landscape.

Whether you’re a buyer relocating from the city, a local homeowner considering your next move, or someone simply trying to understand what’s happening in your neighborhood, the message is clear: the Kootenays are an amazing place to live.

If you’re curious about buying, selling, or investing in this dynamic market, I’d be happy to help. Let’s talk about your goals and how we can make the most of what the Kootenay market has to offer.

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Benjamin Fox
Real Estate Agent – Kootenays, BC

Living the outdoor lifestyle. Helping you do the same.