09/02/2026
Housing Market Update
August has come and gone, the kids are back in school, and fall is just around the corner.
New listings and sales continue to trend downward compared to last year. The detached and semi-detached markets remain relatively balanced. Price declines continue to hit the oversupplied higher-density segments of the market.
The average sale price percentage difference to date compared to last year for each segment is as follows:
Detached. 0.24%
Semi Detached. -0.94%
Row. -4.88%
Apartment. -3.79%
The BoC just held the rate at 2.25% for the 7th consecutive time. Mortgage rates have been fairly stable through 2026: variable rates have seen little to no movement, and fixed rates have seen some upward pressure. Bottom line, these rates might be here to stay. At least for a while.
Thinking of making a move? Drop me a line!
Roddrick Hofrichter
Real Estate Associate
☎️ (403) 404-3165
📧 [email protected]
🌐 http://roddrick-hofrichter.c21.ca/