Inventory Growth Across Canada: New listings are rising in most major markets, particularly in Toronto, driven by an increase in condo completions. However, high interest rates are slowing buyer activity, creating a "wait-and-see" approach.

Toronto Market: While resale activity rose slightly in September, new listings far outpaced sales, keeping prices on a downtrend with a 4.6% year-over-year decline.

Montreal Balances Out: Montreal’s decline in new listings has helped stabilize its market. With further rate cuts, buyer activity may gradually increase.

Vancouver's Weak Demand: Resales in Vancouver rose slightly, but affordability remains strained, keeping sales below pre-pandemic levels.

Calgary's Strong Demand: Unlike other cities, Calgary’s demand remains high due to population growth, keeping the market competitive and price declines minimal.