This spring market no longer moved in one direction. Conditions varied by neighbourhood and city, with some areas cooling while others stayed highly competitive.
More inventory gave buyers more choices and eased bidding pressure. Secondary cities, suburbs, and pandemic boom areas showed softer pricing and better negotiation openings.
Homes sitting for several weeks often signaled stronger deal potential, including price cuts or motivated sellers willing to offer more favourable terms.
Biggest price drops appeared in previously overheated markets. Higher mortgage rates hurt affordability, especially where prices had outrun incomes, pushing sellers to reset expectations.
Buyers regained leverage in many markets: below-ask offers, contingencies, closing-cost help, and incentives returned. But strong job growth and tight supply still favored sellers elsewhere.
