Sales outpaced new listings this week.
Negotiation still looked alive this week.
Market balance
Balanced - slight buyer edge.
(4wk avg) 0 Inventory is clearing slowly.
Expect choice, but be ready to act on clean listings.
Pricing and presentation are still deciding outcomes.
Market read
The week, in plain English
This week was active, but buyers still were not in a hurry. 3 new listings arrived while 6 sales closed. Buyers are absorbing new supply at a healthy pace. 0 sold over ask while 4 sold under ask. Taken together, this was a market that stayed active, but only rewarded listings that were positioned correctly. Sellers are negotiating in real time.
What I’m watching next
Whether the best new listings get picked off early.
If absorption stays this firm, the better-positioned listings may not wait around for second looks. If it slips, that firmer tone probably fades quickly once more supply shows up.
The charts that matter
The charts that matter
One week can wobble - the charts are better at showing direction. That is where the week either confirms the trend or starts to challenge it. The useful question is not just what happened this week, but whether it is starting to stack.
Inventory
98.0 current
High 136 · Low 10.0
98 homes on market
Supply is running below last year, which keeps fresh, well-priced listings more competitive.
Sales pace
2.38 / week
High 5.38 · Low 1.50
2 sales/week
Demand is present, but monthly absorption remains light relative to available supply.
New listings
New listings
Supply gave the clearest early read this week. That matters because this is still a market that filters hard. From there, the question is whether buyers absorb it.
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.
Fresh supply usually tells you quickly what sellers think the market will tolerate.
A-8 Creek Place - $735,500
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
- 3982 McGiverin Road - $2,750,000
- 305-51 Ridgemont Drive - $339,000
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.
B-Lot 54 COKATO Road
Listed at $599,000
Sold: $550,000
Difference: -$49,000
Longer exposure still tends to give buyers more room to negotiate.
2087 3 Highway
Listed at $1,200,000
Sold: $1,200,000
Difference: +$0
This one landed right at ask, which usually means the pricing met the market fairly well.
1230-1232-1200 Riverside Way
Listed at $560,000
Sold: $525,000
Difference: -$35,000
Longer exposure still tends to give buyers more room to negotiate.
532 6th Avenue
Listed at $925,000
Sold: $907,000
Difference: -$18,000
Longer exposure still tends to give buyers more room to negotiate.
42-9773 Stephenson Road
Listed at $368,000
Sold: $350,476.19
Difference: -$17,523.81
Buyers are still price-aware and not accepting stretch pricing automatically.
4 HUCKLEBERRY Place
Listed at $355,000
Sold: $355,000
Difference: +$0
This one landed right at ask, which usually means the pricing met the market fairly well.
Finished
Nicely played
0 / 6
homes read correctly
Best finish 0 • Rookie read
One listing cleared quickly while another took the long road. Buyer activity is there, but the clearing rate remains modest. That looks like a market where fit still matters more than excitement. The market can support transactions, but not sloppy positioning. 0 sold over ask while 4 sold under ask. Median sold price was $537,500. Sellers are negotiating in real time. That is often what a more comparison-driven market looks like. Price discipline is likely to matter more than marketing spin.
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 2026-02-13, 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 lower versus about a month earlier.
- Oil / inflation mood: Oil was quiet into the week, so it was not adding much inflation pressure.
Insight
Where sellers are trimming
This is where seller expectations met the market. That is usually where hesitation becomes visible. That helps show whether the market is absorbing optimism or rejecting it.
Price drops became a clearer part of the weekly signal.
If there was softness this week, it showed up here. This is one of the better places to see whether sellers are still pushing - or starting to listen.
- 10 visible price cuts this week
- Weekly cut rate: 10.4% of active listings
- Median reduction: $22,750
Pressure on the board
- 32 active listings are currently trading below original list
- Reduced active share: 33.3% of the current active board
- Expired / cancelled this week: 3 (3 expired, 0 cancelled)
- 4-week average: 1.3 cuts/week
- 12-week average: 0.8 cuts/week
This week’s cuts to watch
- 5339 Highline Drive $3,100,000 → $2,850,000 - cut $250,000 (8.1%) - 92 DOM
- 16 Morrissey Court $4,900,000 → $4,750,000 - cut $150,000 (3.1%) - 82 DOM
- 4-4576 Timberline Crescent $1,425,000 → $1,395,500 - cut $29,500 (2.1%) - 188 DOM
- 113-4559 Timberline Crescent $565,000 → $539,500 - cut $25,500 (4.5%) - 75 DOM
- 202B-34 Rivermount Place $499,999 → $479,999 - cut $20,000 (4.0%) - 75 DOM
- 221-4559 Timberline Crescent $632,000 → $619,500 - cut $12,500 (2.0%) - 69 DOM
- 312-4559 Timberline Crescent $554,000 → $549,000 - cut $5,000 (0.9%) - 97 DOM
- 631C-4559 TIMBERLINE Crescent $109,900 → $107,900 - cut $2,000 (1.8%) - 72 DOM
That usually means value still has to be proven, not assumed. The cleanest pricing strategies should keep standing out.
Closing insight
Closing insight
Demand is keeping up with supply - that still gives sellers some support.
Data notes. Data sourced from MLS activity for the week ending Feb 12 2026. Numbers reflect the Fernie market unless otherwise noted.
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