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Confidence is returning to the housing market 🏡

A new analysis from RBC Economics shows confidence is starting to return to Canadian housing markets, with sales activity picking up in many regions.

Here’s what’s happening across the country:

👉 Toronto & Vancouver:

• Sales are rising (Toronto resales jumped 13% month-over-month in July), but prices are still down (-5.4% year-over-year in Toronto, -2.7% in Vancouver).
• High inventory and stretched affordability are keeping prices under pressure.

👉 Prairies, Quebec & Atlantic Canada:

• Prices have held up better thanks to tighter supply and steady demand.
• Cities like Calgary, Edmonton, Regina, and Saskatoon all saw resale gains in July, building on June’s momentum.
• Calgary’s MLS HPI dipped 3.9% year-over-year, but RBC expects that decline to be short-lived.

Overall, RBC’s economists believe a broad market recovery is on track. Price trends will vary by region for now, but they expect those gaps to start narrowing later this year or into next.

What this means for you:

• In high-inventory markets, today’s conditions may offer more room to negotiate.
• In tighter markets, competition could remain strong, keeping prices more stable.
• Every market is different, and so is every home.

If you’d like a breakdown of the latest numbers for your neighbourhood, reach out and we’ll send you a local market snapshot.

Talk soon,
CHRIS, PATRIC, JULIE, JASMINE, KRISTI & BRELL

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Markets shift, life changes, and sometimes the timing feels uncertain, but your next move doesn’t have to be. 

At Chris Holm & Associates, we know buying your first home or making a move after years in one place is more than a transaction, it’s part of your story. We combine modern marketing and elevated storytelling with a relentless focus on service, so you always feel informed, supported, and in control, no matter what the market is doing. 

The latest stats from the Association of Interior REALTORS® give us the data, but your goals, dreams, and peace of mind will always be our focus. 

𝙒𝙝𝙚𝙩𝙝𝙚𝙧 𝙮𝙤𝙪’𝙧𝙚 𝙘𝙪𝙧𝙞𝙤𝙪𝙨 𝙖𝙗𝙤𝙪𝙩 𝙩𝙝𝙚 𝙣𝙪𝙢𝙗𝙚𝙧𝙨 𝙤𝙧 𝙧𝙚𝙖𝙙𝙮 𝙩𝙤 𝙨𝙩𝙖𝙧𝙩 𝙮𝙤𝙪𝙧 𝙣𝙚𝙭𝙩 𝙘𝙝𝙖𝙥𝙩𝙚𝙧, 𝙬𝙚’𝙧𝙚 𝙝𝙚𝙧𝙚 𝙩𝙤 𝙜𝙪𝙞𝙙𝙚 𝙮𝙤𝙪 𝙚𝙫𝙚𝙧𝙮 𝙨𝙩𝙚𝙥 𝙤𝙛 𝙩𝙝𝙚 𝙬𝙖𝙮.

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Southern Interior light years ahead of other B.C. regions

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