The new year has sparked renewed confidence among Canadian home sellers, leading to a surge in new listings across major cities like Vancouver, Toronto, and Montreal. Transaction activity also saw an uptick in markets such as Toronto, Edmonton, and Montreal, signaling that the market is continuing its recovery. The increase in available listings is helping to grow inventory levels, easing pressure on buyers and reducing the need for competitive bidding. Meanwhile, the prior month’s MLS Home Price Index remained relatively stable in most major cities.
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