Fresh supply added depth to the market this week.
This still looked like a market making sellers meet it.
Market balance
Buyer market - buyers have clear control.
(4wk avg) 0 Enough moved to keep the board active.
Expect choice, and do not be afraid to negotiate.
Pricing and presentation need to do the heavy lifting.
Market read
The week, in plain English
This week was active, but buyers still were not in a hurry. 4 new listings arrived while 1 sale closed. Supply is opening up faster than deals are getting finished. 0 sold over ask while 1 sold under ask. Taken together, this was a market that stayed active, but only rewarded listings that were positioned correctly. Price moves are doing more of the market’s talking right now.
What I’m watching next
Whether buyers keep acting on the sharp listings first.
If the clean listings move early, demand is still there underneath this. If they do not, the next push likely comes from sellers getting sharper on price rather than from buyers suddenly disappearing.
The charts that matter
The charts that matter
To put this week in context, the longer line is more useful than the headline total. That is where the market tone becomes easier to read. The useful question is not just what happened this week, but whether it is starting to stack.
Inventory
118 current
High 136 · Low 5.00
118 homes on market
Supply is running above last year, giving buyers more room to compare and negotiate.
Sales pace
4.25 / week
High 5.38 · Low 1.50
4 sales/week
Demand is present, but monthly absorption remains light relative to available supply.
New listings
New listings
The week usually reveals itself through new listings first. That matters because this is still a market that filters hard. From there, everything else is just response.
If you want the tone of the week, start with what hit the board. That matters because not every active week is an easy one.
If I’m trying to get a fast read on the week, I start here.
3 Mt Proctor Avenue - $774,999
Worth watching early - detached launches often tell you fastest whether buyers are prepared to act or just compare.
Detached launches like this tend to tell you fastest whether buyers are ready to act or still compare.
Also new this week
- 671 7th Avenue - $559,900
- 108-5369 FERNIE SKI HILL Road - $395,000
- 2108D-5350 Highline Drive - $109,900
New sales
New sales
Sales happened - but they did not come easily.
Buyers are still active, but they are choosing carefully. The right listings still move, while others need more time or a sharper number.
1292 2ND Avenue
Listed at $749,000
Sold: $715,000
Difference: -$34,000
Longer exposure still tends to give buyers more room to negotiate.
Finished
Nicely played
0 / 1
homes read correctly
Best finish 0 • Rookie read
The market is still making sellers wait when value is not obvious. That tells you buyers have enough choice to stay calm. Homes that do not line up on day one may need a clearer second act. 0 sold over ask while 1 sold under ask. Median sold price was $715,000. Price moves are doing more of the market’s talking right now. That is often what a more comparison-driven market looks like. Price discipline is likely to matter more than marketing spin.
Price cuts
Price cuts
Pressure on the board
- 35 active listings are currently trading below original list
- Reduced active share: 35.7% of the current active board
- Expired / cancelled this week: 3 (1 expired, 2 cancelled)
- 4-week average: 1.0 cuts/week
- 12-week average: 0.8 cuts/week
Largest active cuts to watch Active cuts to watch
Financing backdrop
Financing backdrop
Fernie is its own market, but I still keep an eye on the broader financing backdrop because buyers do feel it.
- BoC rate: As of 2025-11-28, the Bank of Canada policy rate was 2.25%, which matters most for variable-rate borrowers and helps shape borrowing confidence.
- Bond yields: Canada’s 5-year bond yield remains the main fixed-mortgage watch, and it had moved sideways versus about a month earlier.
- Oil / inflation mood: Oil was quiet into the week, so it was not adding much inflation pressure.
Closing insight
Closing insight
Inventory is building faster than demand - that keeps the edge with buyers.
Data notes. Data sourced from MLS activity for the week ending Nov 28 2025. Numbers reflect the Fernie market unless otherwise noted.
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