September Real Estate Update
Why Now Is a Great Time to Buy
The market has shifted dramatically since the peak in February 2022.
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Prices are down 23% from the peak and 5.2% lower than last year.
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Inventory is strong — many communities now have a 4+ month supply of homes. This means more choice for buyers and less competition.
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Conditions are back — unlike the frenzied market of 2020–2023, buyers can now make offers with financing and inspection conditions. In some cases, sellers are even accepting offers conditional on the sale of the buyer’s current property.
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Borrowing costs are easing — 5-year fixed mortgages are averaging 4.0–4.4%, and variable rates sit around 4.3%. The Bank of Canada’s September 17th announcement may bring further cuts.
Market Insights
We’ve prepared a detailed analysis of the Durham, Lindsay, and Peterborough markets, complete with charts and commentary. [View the September Market Analysis]
On a broader scale, the Toronto Regional Real Estate Board (TRREB) reported that sales remain soft while listings climbed to nearly 27,500 in August. As a result, prices continued to edge lower. [Read the TRREB Market Watch Report]
What This Means for You
Whether you’re buying or selling, this market offers unique opportunities. Buyers have more negotiating power and affordability is improving. Sellers can still succeed with the right pricing, preparation, and marketing strategy.
If you’re curious about what this means for your situation, let’s talk. There’s no cost or obligation — just a chance to explore your options with expert guidance.
Call, text, or email us anytime. We’d love to hear from you!