This summer has been a time for stabilization in the Canadian real estate market. Home prices levelled out, inventory inched upward, and buyer hesitancy returned to soften sales. Now that summer is almost to an end, what might we see happen in the fall market? Here are the 5 market predictions our real estate experts have their eyes on:<\/p>\n\n\n\n
Following the spring rebound, national sales began cooling off in July, declining by 0.7% from June, and gave new listings a chance to return to healthier levels. Seasonality can somewhat predict the rate of activity in the real estate market and the two hottest seasons tend to be early spring and early fall. <\/p>\n\n\n\n
Enjoying our content? Subscribe to our free<\/em><\/strong> weekly newsletter<\/em><\/strong><\/a> to get real estate market insights, news, and reports straight to your inbox.<\/em><\/strong><\/p>\n\n\n\n \u201cMost people put their homebuying plans on hold in the summer, but buyers – both investors and homebuyers – will be back from the summer hiatus with renewed energy and focus,\u201d said Lauren Haw, Zoocasa Broker of Record & Industry Relations Officer. <\/p>\n\n\n\n With that being said, sales activity for this summer has surpassed last year in most major markets including Greater Vancouver<\/a>, Greater Toronto<\/a>, Calgary<\/a>, and Hamilton-Burlington<\/a>. So although activity has slowed, it is still an an improvement from 2022 and an indication that interest rate hikes are not deterring motivated buyers. <\/p>\n\n\n