The September numbers are in, and the story they tell is one of opportunity, change, and cautious optimism. After years of frantic bidding wars and soaring prices, the real estate market is showing signs of balance. Sales are up, listings are plentiful, and prices are easing, a combination that is reshaping the buying and selling experience across the city.
In this episode, we break down the latest trends and what they mean for everyday buyers and sellers. From condos to single-family homes, we explore how affordability, choice, and interest rates are influencing the market.
The Bank of Canada’s rate cut has provided a psychological boost, giving buyers confidence that their dream homes are finally within reach. Meanwhile, a surge in listings means buyers can take their time, compare options, and negotiate better deals, driving prices down without stalling sales.
We dive into the numbers and the nuances behind them
• Sales are up 8.5 percent compared to last September, signaling renewed buyer activity
• Active listings have surged nearly 19 percent, giving buyers more choice and easing competition
• Average prices are down 4.7 percent, making homes more accessible for many households
• Condo sales mirror the larger trend, with more transactions and improved affordability
• Expert insight from Jason Mercer suggests that additional rate cuts could further fuel the market
If you’re thinking about buying or selling, this episode will give you context, clarity, and practical advice for making the most of today’s market.
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