Real Estate Update Jan 2026

February 2026

Dear Friend,

2026 has started! We are all optimistic that the confidence in the economy will continue to grow and that Canada and the US will be able to agree on trade agreements that are good for both parties. Actually, that confidence is all that is keeping the real estate market from making a full recovery. Canada and the US have a long history of friendship and cooperation and I am confident that the politicians will be able to work things out once the posturing is over.

Despite everything, 3,082 home sold in January, not the normal average of 5,000 as in previous years, but enough to show that there is a real estate market and people are buying and selling.This type of market, where there is a bit of a lull, but demand still continues, is an excellent time to upgrade your home. Just as an example, and to keep the math simple, when people upgrade their home, they generally buy a home 50% more than their current home. So, if a seller waits till prices increase, his $1,000,000 dollar home goes to $1,100,000 and increase of $100,000 but his next home goes from $1,500,000 to $1,650,000 an increase of $150,000. That is why this is a great market to trade up homes!

If you would like to explore this possibility, or are looking for an investment opportunity, give me a call, I would love to chat. If you have kids going to university and need a condo for several years, it’s really a great time to start your search. There is a glut of condominiums available and prices are very attractive!

Have a great February and remember you have a friend in real estate!

All the best,

Your Friend in Real Estate

PS I am never too busy for your referrals!