November felt intentional.
and the Bank of Canada just held its rate.
Not a surprise, but definitely welcome news heading into the new year. A hold signals stability and keeps expectations grounded, which is exactly what the market has been waiting for.
The market isn’t rushing and honestly? That’s a good thing. Buyers and sellers are making moves that are grounded, not reactive.
🏡 Average Price: $1,039,458 (▼ 6.4% YoY)
📉 Sales: 5,010 (▼ 15.8% YoY)
📝 New Listings: 11,134 (▲ 4.0% YoY)
📦 Active Listings: 24,549 (▲ 16.8% YoY)
What’s the read?
This is still a strategy-first market.
Homes that show well and are priced with the current market — not the 2021 market — are getting traction. Homes priced for the old dated version of the market? They’re lingering.
Buyers have room to think and negotiate. But when the right home comes up in the right pocket? They won’t hesitate.
The bottom line:
You don’t have to predict the market.
You just have to understand it — and plan around it.
If you’re considering a move, let’s talk strategy.
The opportunities are there…if you know how to find them. Let’s get planning your 2026 RE goals!
Merry Christmas
FROM ALL OF US AT CHK REAL ESTATE
Behind the Scenes
The numbers are telling a quieter story right now:Sales are down year over year, new listings have slowed, and prices have softened across most segments. On paper, it looks like the market is catching its breath. But here is what that feels like in real time.
Buyers want to take advantage of lower borrowing costs and more favourable pricing, but confidence is still the missing ingredient. Everyone is watching the economy, job market, and interest rate direction before making bigger moves.
Sellers are reading headlines about improving economic indicators and assuming the shift will be immediate, but it has not translated to pricing power yet. That mismatch is creating hesitation on both sides.
Yes, the market is well supplied, but that does not automatically mean deals are easy right now.
Many negotiations are stretching out longer and offers are cautious and conditional instead of aggressive.
The properties that are moving today have three things in common:
- Realistic pricing
- Strong presentation
- Timing that aligns with buyer confidence
That is what is separating the sits from the sells.
The silver lining is that we are starting to see encouraging signals around employment and broader economic growth. That type of news builds consumer confidence and real demand. If that momentum continues, 2026 could look very different.For now, strategy, patience, and smart positioning remain the winning combination.
If you are thinking about your next move, let us talk about what is happening in your neighbourhood and what buyers there are responding to right now.
