In February 2026, the average home sold for $1,008,968 which is down -7.0% compared with last year.
Also, Statistics Canada just reported an estimated 84,000 jobs lost last month across Canada.
Anecdotally though, I’m seeing things pick up with more showings and offers happening in March.
If you are Thinking of Selling…
Don’t think about listing before March Break. It’s best to wait until all of the Buyers (and their kids) are back in town to get the highest price.
Hopefully the weather gets nicer so that Buyers are in a better mood.
If you are Thinking of Buying…
It’s a great time to shop around.
If you are serious about finding exactly what you want, there’s no shortage of homes out there – especially if you’re looking for a downtown condo as an investment.
Wondering if now is the right time to buy or sell?