I know how important it is to stay informed about the housing market, especially when you're considering your next big move. Recently, Canadian home sales dipped about 1% from the previous month and nearly 7% compared to last year, reflecting the impact of ongoing economic uncertainty and higher mortgage costs. Prices held steady month-over-month in mid-Q3, but were down about 3% year-over-year. Interestingly, we saw a slight rebound in new listings—up around 3% after months of decline—which means buyers may have a bit more choice right now. The sales-to-new-listings ratio eased to roughly 49%, lower than the long-term average of 55% across Canada, which tells us the market is shifting. With inflation risks and rising fixed mortgage rates due to higher bond yields, there’s a lot for buyers and sellers to consider. At that time, the chance of an early Q4 rate hike was priced in at around 60%, with more tightening expected by 2027. If you're feeling uncertain about what these changes might mean for your next step, know that my focus is always on making your experience as smooth and stress-free as possible—your goals are my priority.

I know how important it is to stay informed about the housing market, especially when you're considering your next big move. Recently, Canadian home sales dipped about 1% from the previous month and nearly 7% compared to last year, reflecting the impact of ongoing economic uncertainty and higher mortgage costs. Prices held steady month-over-month in mid-Q3, but were down about 3% year-over-year. Interestingly, we saw a slight rebound in new listings—up around 3% after months of decline—which means buyers may have a bit more choice right now. The sales-to-new-listings ratio eased to roughly 49%, lower than the long-term average of 55% across Canada, which tells us the market is shifting. With inflation risks and rising fixed mortgage rates due to higher bond yields, there’s a lot for buyers and sellers to consider. At that time, the chance of an early Q4 rate hike was priced in at around 60%, with more tightening expected by 2027. If you're feeling uncertain about what these changes might mean for your next step, know that my focus is always on making your experience as smooth and stress-free as possible—your goals are my priority.

I know how important it is to stay informed about the housing market, especially when you're considering your next big move. Recently, Canadian home sales dipped about 1% from the previous month and nearly 7% compared to last year, reflecting the impact of ongoing economic uncertainty and higher mortgage costs. Prices held steady month-over-month in mid-Q3, but were down about 3% year-over-year. Interestingly, we saw a slight rebound in new listings—up around 3% after months of decline—which means buyers may have a bit more choice right now. The sales-to-new-listings ratio eased to roughly 49%, lower than the long-term average of 55% across Canada, which tells us the market is shifting. With inflation risks and rising fixed mortgage rates due to higher bond yields, there’s a lot for buyers and sellers to consider. At that time, the chance of an early Q4 rate hike was priced in at around 60%, with more tightening expected by 2027. If you're feeling uncertain about what these changes might mean for your next step, know that my focus is always on making your experience as smooth and stress-free as possible—your goals are my priority.

I know how important it is to stay informed about the housing market, especially when you're considering your next big move. Recently, Canadian home sales dipped about 1% from the previous month and nearly 7% compared to last year, reflecting the impact of ongoing economic uncertainty and higher mortgage costs. Prices held steady month-over-month in mid-Q3, but were down about 3% year-over-year. Interestingly, we saw a slight rebound in new listings—up around 3% after months of decline—which means buyers may have a bit more choice right now. The sales-to-new-listings ratio eased to roughly 49%, lower than the long-term average of 55% across Canada, which tells us the market is shifting. With inflation risks and rising fixed mortgage rates due to higher bond yields, there’s a lot for buyers and sellers to consider. At that time, the chance of an early Q4 rate hike was priced in at around 60%, with more tightening expected by 2027. If you're feeling uncertain about what these changes might mean for your next step, know that my focus is always on making your experience as smooth and stress-free as possible—your goals are my priority.

Lately, we’ve seen some improvement in housing affordability across Canada, but it’s clear these gains are on shaky ground. With new home construction slowing—especially for ownership homes—it’s becoming a real concern that supply won’t keep up with what Canadians will need in the years ahead. Recent estimates show we’ll need between 417,000 and 469,000 new homes built every year to get back to the pre-pandemic level of affordability by 2036, and the gap isn’t really closing. Most of the new builds in major cities are rentals, while ownership-focused construction has dropped off, even as those rentals help balance things out a bit. Although slower population growth has given affordability a boost, homebuilding has slowed even more, which means we could still face a shortage once demand picks up again. As someone who’s committed to guiding you through every step of the buying or selling process, I keep a close eye on these trends—because protecting affordability now is essential for helping you reach your real estate goals down the road.

Lately, we’ve seen some improvement in housing affordability across Canada, but it’s clear these gains are on shaky ground. With new home construction slowing—especially for ownership homes—it’s becoming a real concern that supply won’t keep up with what Canadians will need in the years ahead. Recent estimates show we’ll need between 417,000 and 469,000 new homes built every year to get back to the pre-pandemic level of affordability by 2036, and the gap isn’t really closing. Most of the new builds in major cities are rentals, while ownership-focused construction has dropped off, even as those rentals help balance things out a bit. Although slower population growth has given affordability a boost, homebuilding has slowed even more, which means we could still face a shortage once demand picks up again. As someone who’s committed to guiding you through every step of the buying or selling process, I keep a close eye on these trends—because protecting affordability now is essential for helping you reach your real estate goals down the road.

Lately, we’ve seen some improvement in housing affordability across Canada, but it’s clear these gains are on shaky ground. With new home construction slowing—especially for ownership homes—it’s becoming a real concern that supply won’t keep up with what Canadians will need in the years ahead. Recent estimates show we’ll need between 417,000 and 469,000 new homes built every year to get back to the pre-pandemic level of affordability by 2036, and the gap isn’t really closing. Most of the new builds in major cities are rentals, while ownership-focused construction has dropped off, even as those rentals help balance things out a bit. Although slower population growth has given affordability a boost, homebuilding has slowed even more, which means we could still face a shortage once demand picks up again. As someone who’s committed to guiding you through every step of the buying or selling process, I keep a close eye on these trends—because protecting affordability now is essential for helping you reach your real estate goals down the road.

Lately, we’ve seen some improvement in housing affordability across Canada, but it’s clear these gains are on shaky ground. With new home construction slowing—especially for ownership homes—it’s becoming a real concern that supply won’t keep up with what Canadians will need in the years ahead. Recent estimates show we’ll need between 417,000 and 469,000 new homes built every year to get back to the pre-pandemic level of affordability by 2036, and the gap isn’t really closing. Most of the new builds in major cities are rentals, while ownership-focused construction has dropped off, even as those rentals help balance things out a bit. Although slower population growth has given affordability a boost, homebuilding has slowed even more, which means we could still face a shortage once demand picks up again. As someone who’s committed to guiding you through every step of the buying or selling process, I keep a close eye on these trends—because protecting affordability now is essential for helping you reach your real estate goals down the road.

Lately, we’ve seen some improvement in housing affordability across Canada, but it’s clear these gains are on shaky ground. With new home construction slowing—especially for ownership homes—it’s becoming a real concern that supply won’t keep up with what Canadians will need in the years ahead. Recent estimates show we’ll need between 417,000 and 469,000 new homes built every year to get back to the pre-pandemic level of affordability by 2036, and the gap isn’t really closing. Most of the new builds in major cities are rentals, while ownership-focused construction has dropped off, even as those rentals help balance things out a bit. Although slower population growth has given affordability a boost, homebuilding has slowed even more, which means we could still face a shortage once demand picks up again. As someone who’s committed to guiding you through every step of the buying or selling process, I keep a close eye on these trends—because protecting affordability now is essential for helping you reach your real estate goals down the road.

Lately, we’ve seen some improvement in housing affordability across Canada, but it’s clear these gains are on shaky ground. With new home construction slowing—especially for ownership homes—it’s becoming a real concern that supply won’t keep up with what Canadians will need in the years ahead. Recent estimates show we’ll need between 417,000 and 469,000 new homes built every year to get back to the pre-pandemic level of affordability by 2036, and the gap isn’t really closing. Most of the new builds in major cities are rentals, while ownership-focused construction has dropped off, even as those rentals help balance things out a bit. Although slower population growth has given affordability a boost, homebuilding has slowed even more, which means we could still face a shortage once demand picks up again. As someone who’s committed to guiding you through every step of the buying or selling process, I keep a close eye on these trends—because protecting affordability now is essential for helping you reach your real estate goals down the road.