Canadian real estate is showing signs of a meaningful cooldown as prices decline and the demand balance reaches a 29-year low. While national trends offer important context, housing conditions differ significantly across provinces, cities, and property segments. Buyers may find more negotiating power, but affordability, financing costs, and local inventory still matter. Sellers should price realistically, prepare for longer marketing periods, and monitor competing listings. This carousel breaks down what the shift means, how to evaluate local data, and which steps can help households make more informed decisions in a changing market.
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