A more balanced spring
The frenzied bidding wars of recent springs are largely absent in 2026. With borrowing costs still elevated and more sellers listing, many markets have shifted toward balance, giving buyers more time and more leverage than they have had in years.
Balanced does not mean cheap. Prices remain near historic highs in the largest metros, but the pace of growth has flattened, and conditional offers are making a comeback.
What buyers should do
More inventory means you can be selective. Get pre-approved so you know your true budget, then use the extra negotiating room to ask for inspections, financing conditions, and realistic closing timelines.
Run any property you are serious about through a full payment breakdown — including land transfer tax, CMHC insurance if your down payment is under 20%, and property tax — so the monthly number you see is the number you will actually pay.
What sellers should know
Pricing to the market matters more than ever. Homes that are priced ahead of recent comparable sales are sitting longer, while well-priced, move-in-ready listings still attract strong interest.
