February is here, and with it comes more positive news for buyers and sellers. The Bank of Canada lowered its key interest rate last month by another 0.25%, making borrowing more affordable. With rates on a downward trend over the last 6 months, we’re seeing more buyers entering the market, eager to secure a home before competition heats up in the spring.

If you’re planning to sell, now is the time to start preparing. With increased buyer activity expected in the coming months, getting ahead with minor updates, staging, and professional photos can help your home stand out when demand peaks. The early spring market often favours well-prepared sellers who list before inventory rises.

Another trend to watch: as buyer demand increases, we’re starting to see more competition for well-priced homes. While not every property will face multiple offers, homes that are properly priced and well-presented are generating strong interest. Buyers should be prepared to act quickly and work with a solid strategy to secure their ideal home.

Whether you’re buying, selling, or just keeping an eye on the market, I’m here to provide insights and connect you with the right resources. Let me know how I can help!