Canada’s Stable Housing Market Poised for Steady Growth

As someone who keeps a close pulse on the Central Alberta real estate market, I’m always watching national trends for their impact here at home. August brought a 6.9% drop in existing home sales across Canada. Prices stayed flat, and we’re seeing lower sales volumes overall. Higher bond yields continue to keep mortgage rates elevated, which is a challenge for many buyers. Ottawa and Montreal experienced more noticeable declines in sales, while Vancouver saw a slight uptick. On a positive note, new listings and rental construction both increased, hinting at some movement and opportunity. With over 35 years in business, I know how much these shifts matter to your plans—whether you’re buying, selling, or just keeping an eye on what’s next.