05/05/2026
▫️M A R K E T U P D A T E▫️
Activity picked up from March, but sales are still down 6% compared to last year as the market continues to balance out. With more listings hitting the market and inventory rising, buyers are seeing more options and less pressure than we’ve had over the past few years.
Detached homes are still relatively tight, but condos are shifting more in favour of buyers.
The benchmark price is sitting at $568,800 which is up from last month with typical spring movement, but still about 3% lower year over year (with condos seeing the largest declines).
Overall we’re seeing a more balanced market, but conditions really depend on the property type/location.
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