Rates eased. Buyers noticed.
The Bank of Canada cut 25 bps in September. Mortgage money got cheaper. Five-year variables advertised as low as ~4.0%; three-year fixed ~3.94%. Affordability ticked up. Some buyers came off the sidelines.
By the numbers
Latest 30-day snapshot (All Properties):
- Avg Sold Price: $608,985
- Sales: 114
- Days on Market: 36
- Sales-to-New Listings: 36%
- Sold-to-List: 98%
- Months of Inventory: 5.6
- Composite Benchmark: $555,000 (flat YoY)
- Active Listings: 1,278 (up from 1,089 last Sept)
- Sales: 234 (up from 192 last Sept)
Plain English
Prices are stable. Inventory is high. Pace is measured. With cheaper money and more choice, the market leans buyer-friendly, but clean, well-priced homes still sell near ask.
What to do now
For Sellers
- Price to the last 30–60 days, not last spring.
- Win week one: paint, lights, curb appeal, pro media.
- Use a price lane (Conservative / Likely / Stretch). If week-one traffic misses targets, adjust.
For Buyers
- You have time. Compare streets, layouts, and condition.
- Target longer-DOM listings for negotiation.
- Get a rate hold and be ready to move on the right home.
Thinking of a move? Reply and we’ll map your price lane, prep list, and timing so you can move with confidence.