The fall market has officially shifted – from Balanced to Buyer-leaning…..
Benchmark prices are down: → Detached homes: ↓4.4% YoY → Townhomes: ↓2.7% YoY → Condos: ↓4.4% YoY
Why the dip? → Spring’s higher interest rates slowed buyer activity. → Inventory climbed as homeowners timed fall transitions. → But on September 17th, the Bank of Canada lowered its key rate by 0.25% & that sparked renewed Buyer momentum.
So yes, it’s a BUYER’S MARKET right now – but energy is building AND well-positioned homes ARE SELLING!
BUYERS:
→ More breathing room, less bidding pressure.
→ Renewed affordability thanks to lower rates.
→ Suburban gems in Ladner, Tsawwassen, North Delta, Richmond & White Rock are getting a second look.
SELLERS:
→ Homes with sunlit kitchens, walkable coffee spots, and flexible layouts (think WFH nooks or multi-gen potential) are outperforming.
→ It’s not just about square footage – Buyers are responding to homes that feel & look good: natural light that shifts beautifully throughout the day, good layouts that support both quiet mornings & lively gatherings & homes that spark that special feeling.
→ Strategic pricing paired + elevated presentation is the WINNING FORMULA.
Have a question about the market?
Whether you’re buying your first home or prepping to sell – I’m here with tailored strategies that reflect your goals – not just market trends.
604-946-1595
