June Market Snapshot: Cautious Optimism… or Calm Before the Flood? June didn’t exactly set the market on fire—but there are some signs of life. More listings? Yes. Slight increase in sales? Also yes. A sense that buyers are still circling the block a few more times before pulling into the driveway? Definitely. Here’s the breakdown: 📉 Total Sales: 6,243 homes sold—down 2.4% from last June. 📈 New Listings: 19,839—up 7.7%... [read more]

So… the May numbers are in. But before we get into the stats, let’s just take a moment to acknowledge the elephant in the room: there are now over 31,000 active listings on the market (and counting). That’s a level we haven’t seen in 25 years. Naturally, the absorption rate - or sales-to-listings ratio if you prefer the technical term - is starting to show the pressure. You’d think this kind of inventory surge would trigger a buyer frenzy, right? Not quite.... [read more]

When spring isn't really springing Spring usually marks a shift. From cold weather to warmer days and from a quiet winter market to a busier real estate season. But this year, while the weather’s warming up, the market is taking a more measured approach. Activity hasn’t spiked as it typically does, and homes are not flying off the shelves. But that’s not necessarily a bad thing. I think it was Churchill that said "Never let a crisis go to waste". This is... [read more]

Was it just me, or did January feel like it had a bonus round this year?? We had so much news this month that it felt like it would never end! Our PM resigned, the Bank of Canada cut rates by 0.25%, capital gains tax changes were deferred, Trump was inaugurated, Trump imposed tariffs, Trump Trump Trump... Before I get to my usual monthly rant, let's take a look at what happened in the real estate market in January:   Here’s a quick take on the charts... [read more]

2025 is upon us! While we're only a few days into the new year, it’s already shaping up to be a challenging one for Canadians. As I write this newsletter, Bank of America has just announced that they don’t expect the Federal Reserve to implement any further interest rate cuts in 2025 (link here). Our neighbors to the south, who jokingly like to claim Canada as their 51st state, are bracing for an unpredictable new government. Meanwhile, their economy seems to be doing much... [read more]