Even with softer overall market conditions, we’re encouraged to see a steady rise in new listings, giving buyers more choice and flexibility. Our local numbers suggest the market is gradually finding its balance, offering both buyers and sellers an opportunity to move forward with confidence. The Bank of Canada’s decision to hold interest rates at 2.75% for the third consecutive time brings a welcome sense of stability, helping create predictability in planning. While broader economic factors remain in play, particularly around inflation and housing costs, this environment highlights the value of staying informed and leaning on the guidance of a trusted REALTOR® to make smart, timely decisions.
We’re also seeing signs that the market is leveling out. Sales have only eased slightly compared to last year, while pricing shifts have been moderate, reflecting a more measured pace. Overall, the current landscape is creating opportunities on both sides of the transaction, with buyers enjoying more selection and sellers still benefiting from strong underlying demand in our community.
Whether you’re buying or selling, I’d be happy to walk you through the latest market trends and what they mean for you, reach out anytime to discuss your next move.
