Elevated inventories continue to provide buyers with negotiation power as demand largely resides on the sidelines.

However, as economic conditions stabilize (the unemployment rate dropped in November and Q3 GDP growth rebounded), buyer confidence will grow, and demand should re-enter the market during 2026.

This should help to create more balanced conditions and stability for prices, suggesting the next few months could represent the ideal buying opportunity.

This is particularly the case for buyers who favour fixed-term mortgages, which appear to be heading higher due to recent increases in bond yields following the better-than-expected performance in the economy.