According to the sales results, June numbers suggest we might be seeing the first signs of a market finding its footing after months of uncertainty. While sales were still down 9.8% compared to June 2024, the decline has notably improved from May's steeper drop. Although we had a very busy May, sales overall were still down 20% so now at 9.8% we ar...

(Breaking news: Bank of Canada rate announcement today left rates unchanged although a future rate decrease is still expected.)

The numbers for May are out and we are told this is still one of the most buyer-friendly markets we’ve seen in years. I wasn't expecting the market to still show as buyer friendly to the extent that it has because in May w...

As we have been saying all year, it's a buyers' market with few buyers. While so far May seems to be taking off (more on that later) April’s numbers confirm what we’ve all been feeling: the market is STILL stuck in first gear. Sales plummeted 23.6% compared to last April, and are now 28.2% below the 10 year average. Meanwhile, inventory has surged...