Active listings reached 17,975 homes in January, 83% above the 10-year average, as inventory continues to accumulate despite a pullback in new listings.

With interest rates expected to remain on hold, and some economists projecting potential increases later this year, further price concessions may be the catalyst needed to draw buyers back into the market in the months ahead.

For buyers, today’s elevated inventory levels offer increased choice and negotiating leverage. Now may be the time to take advantage of expanded options and more favourable pricing. Let’s explore your opportunities.