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New property listed in Nelson

I have listed a new property at 506 Delbruck Street in Nelson. See details here

Welcome to this 4 bedroom, 2 bathroom home in Nelson’s sought-after Uphill neighbourhood, close to Lions Park and the trails that make Uphill such a desirable place to live. Built in 1965, this home offers great bones, functional space, and plenty of potential for someone looking to add their own vision and finishing touches. Inside, you’ll find a practical family layout with generous living spaces and lots of windows that capture beautiful natural light, stunning mountain views, and unforgettable sunset skies. While the home is a little rough around the edges, important upgrades have already been taken care of, including a newer roof and heat pump, helping improve comfort and efficiency year-round. Outside, the fenced and private backyard offers a great space for kids, pets, gardening, or simply relaxing. A unique bonus is the convenient road access from both the front and rear of the property, providing additional flexibility for parking, access, or future ideas. This is an excellent opportunity to get into one of Nelson’s most loved neighbourhoods and build equity in a home with character, views, and strong long-term potential. (id:2493)

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The British Columbia Real Estate Association (BCREA) reports that 7,225 residential unit sales were recorded in Multiple Listing Service® (MLS®) Systems in June 2026, up 0.9 per cent from June 2025. The average MLS® residential price in BC in June 2026 was down 0.8 per cent at $946,878 compared to $954,712 in June 2025.

Total MLS® residential sales dollar volume was $6.84 billion, up 0.1 per cent from the same time the previous year. BC MLS® unit sales were 18.4 per cent lower than the ten-year average for the month of June.

“Sales rose year-over-year in June for the first time since September 2025, driven by stronger activity in the Greater Vancouver area,” said BCREA Chief Economist Brendon Ogmundson. “We hope this marks the beginning of a stronger second half of the year across BC housing markets as sales converge to more normal levels following several years of unexpected global shocks.”

Year-to-date, BC residential sales dollar volume is down 6.4 per cent to $31.96 billion, compared with the same period in 2025. Residential unit sales are down 5.4 per cent year-over-year at 33,886 units, while the average MLS® residential price is also down 1.1 per cent to $943,249.

"Copyright British Columbia Real Estate Association. Reprinted with permission." BCREA makes no guarantees as to the accuracy or completeness of this information.

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Bank of Canada Interest Rate Announcement – July 15, 2026

The Bank of Canada held its overnight policy rate at 2.25 per cent this morning. In the statement accompanying the decision, the Bank noted that despite significant global uncertainty and volatility, Canada's economy is showing signs of improvement, with growth rebounding in the second quarter and broadening across sectors. The Bank projects growth of just 0.7 per cent this year but expects the economy to expand by 1.8 per cent in both 2027 and 2028. On inflation, the Bank expects CPI to remain elevated in June before gradually easing in the coming months and returning to its 2 per cent target in 2027.

Although the status of the conflict with Iran remains fluid, fears of an oil-price-driven inflation spiral have not materialized. While headline inflation has moved higher, there is little evidence that higher energy costs have been passed through to core inflation in Canada, which remains subdued. As such, there is no need for the Bank to raise rates this year. However, if the Canadian economy continues to regain momentum and core inflation settles near the Bank's 2 per cent target, policymakers may not need to keep the overnight rate at the low end of the neutral range for much longer. In that case, the Bank could begin moving its policy rate back toward 2.75 per cent next year.

That outlook, combined with rising inflation in the United States, which has made a summer rate hike by the Federal Reserve a real possibility, is putting upward pressure on five-year bond yields, which drive fixed mortgage rates in Canada. Consequently, fixed mortgage rates may edge higher heading into the fall.

"Copyright British Columbia Real Estate Association. Reprinted with permission." BCREA makes no guarantees as to the accuracy or completeness of this information.

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Posted in Nelson Real Estate
New property listed in Nelson

I have listed a new property at 2201 Falls Street in Nelson. See details here

Welcome to a home that has been lovingly cared for and enjoyed by the same owners for many years. Nestled in Nelson's desirable Uphill neighbourhood, this well-maintained 4-bedroom, 2-bathroom family home offers a wonderful combination of comfort, practicality, and potential. Set on a mostly level 68 x 120 ft lot, the property features a beautiful, mature garden and lots of space for children to play. Inside, you'll find a functional and inviting floor plan highlighted by a renovated kitchen that serves as the heart of the home. The home has been thoughtfully updated over the years and is clean, comfortable, and truly move-in ready. With four bedrooms and two bathrooms, there's plenty of room for a growing family, guests, or a home office. Close to neighbourhood parks, bike trails, and all that Nelson has to offer, this is a location where families can enjoy an active Kootenay lifestyle while remaining close to everyday amenities. If you're looking for a solid, well-cared-for home with attractive gardens, tasteful updates, and room to make it your own over time, this Uphill property is one you won't want to miss. (id:2493)

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The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.