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In their most recent update earlier this week, the Bank of Canada held its policy rate, with a notably more hawkish tone driven by ongoing inflation concerns, particularly tied to uncertainty in energy markets.
On the ground, we have seen a meaningful increase in buyer activity. However, our market continues to show clear bifurcation. Areas east of Craigleith are experiencing stronger demand, while markets west of Georgian Peaks are facing softer activity and elevated levels of inventory.

There is a sense of cautious optimism as we move into May. Many of our key feeder markets have been slow to start the spring season, due in part to poor weather and broader uncertainty. As a result, we are anticipating that the peak of the spring market may arrive slightly later than what we typically see

That said, our spring market historically begins to taper off toward the end of June. The next 45 to 60 days represent the strongest window of opportunity for sellers to achieve a successful outcome.

Pricing and marketing strategy remain critical. Buyers currently have a high degree of choice and leverage, particularly in segments where inventory levels are elevated. In these micro-markets, where supply is significantly outpacing demand, we expect continued downward pressure on pricing.

If you are not seeing activity in the form of showings or offers, now is the time to adjust strategy. For sellers, it is important that pricing reflects current market realities, as waiting for short-term improvements may ultimately prove more costly than aligning with the market today.