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After a rough stretch, some real stability 📈

If you've felt like the real estate market has been holding its breath for a while… you're not imagining it.

But the latest numbers suggest that breath might finally be letting out.

Here's what CREA reported this month:

🏠 Prices stopped falling. The national home price index held steady from May to June. It’s the first month without a decline in 17 months.

📊 Buyers are showing up. The national sales-to-new-listings ratio climbed to 50.2%, the first time it's crossed that mark all year. (Above 50% generally signals more balance shifting toward sellers.)

🏦 Rates aren't the wildcard right now. The Bank of Canada held its policy rate at 2.25% for the sixth straight decision, and rate hikes have largely been taken off the table for this year.

Put together, the stage is set for a busier fall market, even if summer stays quiet in the meantime.

What this means depending on your plans:

If you're thinking about buying: with rates on hold and prices no longer sliding, waiting for a better entry point may not pay off the way it might have a year ago.

If you’re thinking about selling: the pause in price declines is a meaningful signal. Buyers who've been waiting for "the bottom" may start feeling like they've found it.

If it's been a while since you've had a professional read on your home's value, this stabilization is exactly the kind of shift worth checking against. Reach out and we'll be happy to put one together for you.

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

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WEEKLY REAL ESTATE REPORT