Powell River Sunshine Coast Real Estate Board

The number of homes sold through the MLS® System of the Powell River Sunshine Coast Real Estate Board totaled 23 units in October 2026. This was a decrease of 8% (two sales) from October 2025.

Home sales were 3.4% below the five-year average and 23.6% below the 10-year average for the month of October.

On a year-to-date basis, home sales totaled 271 units over the first 10 months of the year. This was a large decline of 10.3% from the same period in 2025.

“Sales and new listings came in at the lower end of the average range for this time of year but remained nonetheless at supportive levels. Overall supply levels are also continuing to decline from recent peaks and our local market is well within balanced territory,” said Curtis Yungen, President of the Powell River Sunshine Coast Real Estate Board. “The Bank of Canada’s decision to raise interest rates could change how buyers approach buying a home. With variable mortgage rates likely to increase, some buyers may qualify for smaller mortgages or need to adjust their expectations around price and location. However, reduced competition could also create opportunities for those ready to purchase. Buyers may find themselves with more negotiating power and additional time to evaluate properties before making one of life’s biggest financial decisions.”

The MLS® Home Price Index (HPI) tracks price trends far more accurately than is possible using average or median price measures. The overall MLS® HPI composite benchmark price was $551,100 in October 2026, a decrease of 5.1% compared to October 2025.

The benchmark price for single-family homes was $564,700, a moderate decrease of 4.8% on a year-over-year basis in October. By comparison, the benchmark price for apartment units was $322,000, a sharp decrease of 16.4% compared to a year earlier.

The average price of homes sold in October 2026 was $547,513, decreasing by 7.3% from October 2025.

The more comprehensive year-to-date average price was $597,963, a decline of 7% from the first 10 months of 2025.

The dollar value of all home sales in October 2026 was $12.6 million, down sharply by 14.7% from the same month in 2025.

The number of new listings saw a substantial decrease of 17.6% (nine listings) from October 2025. There were 42 new residential listings in October 2026. This was the lowest number of new listings added in the month of October in five years.

New listings were 7.9% below the five-year average and 1.7% above the 10-year average for the month of October.

Active residential listings numbered 204 units on the market at the end of October, a large decline of 16% from the end of October 2025.

Active listings were 1% below the five-year average and 21.7% above the 10-year average for the month of October.

Months of inventory numbered 8.9 at the end of October 2026, down from the 9.7 months recorded at the end of October 2025 and above the long-run average of 6.6 months for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.