After a few chaotic years, Canada’s housing market is starting to feel… normal again. But not the post-pandemic crazy—we’re talking pre-COVID normal. And that’s a good thing.
🔁 More Homes, More Balance
We’re seeing more listings and more time for buyers to make decisions. No more 12-offer panic. It’s not perfect, but it’s more balanced.
📈 Sales Are Slowly Climbing
National home sales rose 2.8% in June (after a 3.5% bump in May), with places like the GTA up over 17% since April. Confidence is coming back, even if the pace is still cautious.
💸 Rates Aren’t Low—But They’re Settling
Rates aren’t going back to pandemic lows, and that’s okay. RBC doesn’t expect more cuts, and most buyers are adjusting to this “new normal” in borrowing.
🧠 Affordability = A Mental Hurdle
Plenty of people can buy—but many are hesitating, waiting for a “better deal.” Brokers agree: if you’re ready, now’s a good time. Waiting for perfect could mean missing your shot.
At TopRankinMortgages, we help you navigate this steady (and familiar) market with clarity and confidence. No stress, no pressure—just smart mortgage guidance when you need it.
Have questions about how this affects your mortgage? Let’s chat!
