The Canadian resale housing market is now moving towards a balanced market, rather than the seller’s market we have been in for most of the past year.
For the first time in almost a year, inventory increased in June/July. With more homes to choose from, many home buyers have been making less-aggressive offers. This has resulted in less upward pressure on the average selling price.
In a stabilizing market, consumers need to rely more on the expertise of a REALTOR® because prices are highly local and competitive.
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