14% from July. Though that figure was down 34.2% on an annual basis, it was the mildest year-over-year disparity in four months. Detached home sales led the pack, followed by condo apartments, semi-detached homes, and townhomes. There were more new listings sold compared to the three months prior.
“It’s been so competitive for so long and you do have a lot of people that put the brakes on their buying decisions,” he says. “What I’ve heard — even since things really slowed down in April — is that people want to buy, they’re just waiting for the market to bottom out. But I think a lot of those people that needed to buy are like, ‘okay, I can’t wait anymore, so I’m going to make a buying decision.’”“People really want to own real estate in Canada,” he says.
“Buyers will have time to make better decisions, informed decisions. They can put conditions in offers, they can negotiate — sellers have started to lower their expectations a little bit,” says Alexander. “As far as being able to negotiate and buy on almost your own terms, it’s going to be a really good environment for that.”, an agent with RE/MAX Metropolis Realty Brokerage, is already seeing proof of those buyer-friendly market conditions. In fact, she started noticing some shifts in August.