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After a brisk start to the year, we’ve seen balance return to the market through April. Many homeowners who have been sitting on the sidelines for the past year have listed their homes this spring anticipating an increase in demand from Buyers. Buyers are more active this year than last, however, it seems that there are likely many still sitting on the sidelines waiting for the Bank of Canada to actually begin cutting its policy rate before purchasing a home.

Overall this balance in the market has led to ample choice for home Buyers, which is a pleasant situation, given how tight the market has been for the last decade. Prices are remaining stable. Homes in good locations and in good condition are selling quickly, for great prices.

As most home Sellers are Buyers too, the balance is great. Our clients can find homes that they truly love with so many options on the market. And their homes for sale are on the market for less than a month, reducing stress on both sides of the move.

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