2025 Fernie Real Estate Predictions: Market Trends & Opportunities

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🏡 What does 2025 hold for the Fernie real estate market? In this episode of The Property Mindset Podcast, host Phil Gadd dives into the latest predictions and trends shaping the future of real estate in Fernie, BC. With home sales across BC forecasted to rise by 13%, mortgage rates expected to drop, and growing demand for recreational and lifestyle properties, 2025 is shaping up to be a dynamic year for buyers and sellers alike.

🎯 Key Insights Covered in This Episode:

• Price Predictions: Average Fernie home prices could surpass $800,000.
• Inventory Levels: Are we finally seeing improvements in housing supply?
• Demand Trends: How lower mortgage rates and new buyer policies will stimulate the market.
• Challenges to Watch: Affordability, new construction shortages, and economic uncertainties.
• Lifestyle Investments: The rise of vacation condos and lifestyle-driven buyers.

Whether you're looking to invest, sell, or make Fernie your home, Phil shares expert advice and actionable strategies to navigate opportunities in this evolving market.

💼 Thinking of buying or selling in 2025? Let’s build a strategy tailored to you!

👉 Book your free consultation

🔔 Don’t forget to subscribe, share, and leave a review to stay updated on Fernie real estate insights!

Show Sponsor:
First Tracks Real Estate Group - eXp Luxury

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Show Sponsor: First Tracks Real Estate Group - eXp Luxury

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Episode Transcript

(00:00):
Did you know that home salesacross BC are meant to rise by

(00:04):
13% in 2025.
That's right.
The Fernie real estate market isgoing to gain some serious
momentum.
An exciting time for both buyersand sellers.
Are you curious about what's instore for the Fernie real estate
market in 2025.
We'll stay tuned.
Welcome to the property mindsetpodcast, where we explore

(00:24):
everything real estate frommarket trends to practical
strategies for success.
Whether you're a buyer or selleror an inspiring investor, a
seasoned professional, or simplysomeone who loves real estate.
This podcast is for you.
Well come back to the propertymindset podcast, where we talk
all things, real estate andlifestyle right here in Fernie,

(00:48):
BC.
I'm your host, Phil GAD.
And today we're diving in towhat is going to be, I think one
of my favorite episodes of 2025,and I'm probably going to make
it an annual thing at the end ofthe year.
What 2025 could look like forthe 30 real estate market.

(01:51):
Fernie has been growing inpopularity ever since I moved
here 15 years ago.
not just as a ski and outdoordestination.
But also a place where a lot ofpeople want to call home,
cleaning myself.
Like I said, we have a great sixhere, 2009.
And, we have had the best 15years possible.

(02:12):
Fantastic towns, ski.
Snowboard, which is a hugepassion of mine.
Biking, the kids are thriving.
lots of sports, lots of outdooractivities.
Can it be more happy?
with the latest forecast, and myexperience in this market.
I'll be giving you my toppredictions for the year ahead.
What you can expect as a buyeror seller and how to navigate

(02:36):
the opportunities and challengeswe're likely to see in 2025.
So let's start by looking atsome current trends in the real
estate market here in Fernie.
The BC real estate associationhas projected that after a
fairly flat market in 2024,sales are expected to rebound
strongly in 2025.

(02:56):
with mortgage rates expected tocontinue to low.
Making home buying moreaffordable here in 30 we're
particularly impacted byseasonal demand.
And our reputation is arecreational hotspot with an
expected rise in demand forrecreational properties and
vacation homes.
It looks like phone is marketwill be a key player in this

(03:18):
provincial upswing.
I'll be breaking down the keyfactors.
Driving this momentum along withpredictions, for prices,
inventory, and potentialchallenges.
We must keep an eye on.
Now let's look at some keyindications and data behind
these predictions.
First we're expecting pricegrowth.

(03:38):
According to forecast BC houseprices may rise around 3.3%.
In 2025.
According to the BC real estateassociation with Fernie
potentially reaching an average.
Sell price of closer to 800,000.
The pent up demand from buyerswho held off in 20 23, 20 24.

(03:59):
Due to higher rates is likely todrive this price growth.
With the expected drop inmortgage rates and new policies,
extending amortization periodsfor first time buyers.
There's a lot of potential formore people to enter into the
market.
We should see some improvementOver the tight supply of recent

(04:20):
years.
More listings are expected tohit the market.
In the spring, which couldcreate a more balanced
environment for buyers andsellers.
the average days on market in2024 was around 112 days.
And just by confidence returns.
In 2025, we're likely to seeproperties moving faster.
Phone is unique recreationalappeal.

(04:42):
As a place for second homes.
And vacation propertiescontinues to be a strong driver.
We increased access to financingand more flexible lending
policies, both local buyers.
And out-of-towners.
We'll have more options toconsider further boostings
Fernie's real estate activity.
Of course, it's not going to beall smooth sailing.
There are going to be a fewchallenges on the horizon.

(05:03):
For the Fernie real estatemarket in 2025 affordability.
It's a big concern.
You don't get too much for amillion dollars here in Fernie
these days, particularly that'sgoing to impact local buyers.
As it always has while lowermortgage rates are good news.
The steady rise in prices.
I mean, it's still difficult formany to enter the market.

(05:25):
Housing affordability willcontinue to be an issue.
Especially if inventory levelsdon't keep up with the demand.
There's also the challenge ofneeding much, much more new
construction to keep up withthis demand.
We're seeing a strong need formore housing options, not just
vacation homes, but also localfamilies.
And first time buyers, if newconstruction can't keep up, it

(05:48):
could further strain,affordability, and lead to
increase competition for theavailable homes.
Now let's not forget thepotential economic
uncertainties.
Well, the outlook is fairlypositive.
We know that any economicdownturns or changes in
government policies couldquickly impact by a confidence.

(06:09):
That said the underlying appealof Fern is lifestyle with its
natural beauty and outdooractivities tends to keep
interest high.
Even during the slow economicperiods.
Now here's my boldest predictionfor 2025.
I personally believe we're goingto see a real surge in demand

(06:30):
for Fernie.
Especially in the spring.
Interest rates are going to godown.
Demand is going to go up.
Prices will probably go the sameway as demand.
Good old fashion market forces.
So lower interest rates the newpolicy changes.
for allowing longer amortizationperiods for first time buyers

(06:52):
and, New homes.
and the increased mortgageinsurance caps are likely to,
throw gasoline, on the fire ofthe market to boost, market
activity.
And then there's just a pent updemand.
People have just been waitingfor these rates to come down are
finally going to get theirchance to enter the market.
So to recap.

(07:13):
My key predictions for Ferniereal estate market in 2025,
we're going to experienceincreased sales activity.
With a forecast it's 13% rise intransactions across BC.
Largely driven by law mortgagerates and pent up demand.
well ready since 2021, we'veseen the median house price in

(07:34):
Fernie.
Go up every single year, year onyear, increase by 14.4, 2%.
The average home price in BC isanticipated to rise by 3.3%.
So that seems insignificant towhat we're currently witnessing
in Fernie.
I believe the average home priceis going to probably go over
800,000 inventory levels mayimprove.

(07:57):
Given the buyer's a bit morechoice.
That could really impactaffordability, especially for
people trying to get localpeople, trying to get the first
rung on the ladder.
Finally, we're likely to see asurge in demand for vacation
condos.
as buyers look for lifestyleinvestments and rental

(08:17):
potential.
So for buyers and sellers, 2025is shaping up to be our dynamic
year for Fernie sellers can takeadvantage of potential high
prices and motivated buyers.
Or buyers have a window ofopportunity with improved
financing options andpotentially more inventory.
So thanks for tuning in to theproperty mindset podcast.

(08:38):
What do you think about thesepredictions?
Do you see 30 market followingthis path?
Or do you have otherexpectations?
I'd love to hear your thoughtsin the comments and don't forget
to subscribe for more insightsinto the Fernie real estate
market.
Until next time I'm Phil GADstay focused, stay informed and
keep building the propertymindset.