Guys, what’s going on?

Hard to believe we’re already into April. The weather’s getting nicer, and we’re officially stepping into the spring market we’ve all been waiting for.

Let’s break down what happened in March across the neighbourhood.

By the numbers, this puts us firmly in a buyer’s market.

That average price is being influenced by what’s actually selling. We’re seeing slower movement in the $2M+ range, while more activity is happening with smaller bungalows and lot-value properties.

There’s also a lot of inventory sitting. Some of it has been on the market for a while, relisted multiple times at different prices. We haven’t seen a big wave of fresh listings hit yet this year.

This is a much healthier market. It’s right on the line between a balanced market and a seller’s market.

Again, that price point reflects the type of homes selling - more bungalows and side-splits rather than larger, fully upgraded homes.

We’re entering the spring market, and timing matters.

After the Easter long weekend, I expect we’ll see:

We started to see small signs of this after March Break, and hopefully that momentum continues.

Sales activity is the leading indicator for price. As sales pick up, prices tend to follow.

Right now, things are still a bit slow - but that creates opportunity.

For buyers:
There are real opportunities right now. Less competition means more negotiating power and the ability to secure a good property at a fair price.

For sellers:
This hasn’t changed.

Pricing and preparation are everything.

If your home is:

It will sell.

We are still seeing strong results for homes that are positioned correctly. The key is being realistic about today’s market value.

We’re doing a lot of free home evaluations right now.

Most people haven’t updated their home’s value in:

The market has changed.

A quick 5-minute walkthrough can give you:

If you’re curious, reach out anytime 416-560-4468

I’ve been thinking about this a lot.

One group that stands out is downsizers.

If you or your parents have been in a home for 20, 30, 40 years and don’t need the space anymore, this market can present real opportunities - especially when moving into the condo market.

If you have any questions, feel free to reach out anytime 16-560-4468

Have a great month, and we’ll see you at the beginning of May.