Four straight monthly gains: is Canada’s market turning?
What balance means at the broker level
For brokers, a market edging toward equilibrium translates to fewer competing-offer situations, less pressure on appraisals, and more time for clients to make considered decisions. That said, the picture is far from uniform at the street level.
Elan Weintraub, co-founder and director at Mortgage Outlet in Toronto, described the market as “very cloudy and volatile” and “extremely micro-fragmented,” noting that conditions can differ sharply by geography, property type, and price point.
Garry Bhaura, CREA chair, struck an optimistic tone. “No matter where you are in Canada, more moderate housing market conditions can be expected to continue to bring buyers off the sidelines going forward,” he said in the report.
The next CREA statistics release is scheduled for Tuesday, September 15.
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