After a long winter and continued economic uncertainty, Canada’s typical spring momentum arrived later than usual. Nationally, aggregate home prices declined 2.0% year over year in Q1, though values edged up 0.7% compared to the previous quarter. Vancouver saw a 4.5% annual decline, while Toronto softened similarly. Montreal, notably, posted gains.
That said, the full story isn’t in the headlines. Over the past several weeks, activity has noticeably improved. Showings are up. Well-priced homes are moving. Buyers are engaging more decisively.
While caution remains part of the landscape, early signs suggest the market may be finding its footing as we move further into spring.
Great properties find the right people. If you’re considering making a move, I’d be glad to show you what’s available or discuss what your property might be worth today.
Frank Ingham
(604) 230-8167
Frank@Frankingham.com