CREA data shows home sales up 0.5% while new listings fall 1.6% — regional markets shift toward balanced territory

We're seeing an interesting shift in the Canadian housing market, with CREA reporting a 0.5% uptick in home sales and a 1.6% drop in new listings. This brings the sales-to-new listings ratio to 51.3%, pointing toward more balanced conditions across many regions. Inventory remains tight at 4.7 months, and prices are holding steady with modest growth. Having worked with buyers and sellers across the Fraser Valley and Greater Vancouver for over 15 years, I know firsthand how these subtle changes can impact your real estate decisions—whether you're searching for your first home, looking to invest, or considering a move. Staying informed is key to making the right move in a market that’s always evolving.