February's data shows a market that is finding its balance, but with a twist. The average price has adjusted by 7.1 per cent year-over-year, yet we are seeing a significant dip in new listings. This means while prices are more approachable, the "missing middle" and detached segments are seeing fewer new options. Currently, it takes an average of 36 days for a home to sell, giving you time to be thoughtful, but the decrease in new supply suggests that well-priced homes won't last forever. With the economy showing stable employment growth, the foundation for a strong market is there.
More details on the February 2026 monthly figures and the latest Royal LePage Market Update Report can be found in this month’s edition of our
Real Estate Facts & Figures.
Having the right real estate team with the experience, marketing systems and negotiating skills is more important than ever in today’s market. If you have any questions or would like to know what your home is currently worth, please don't hesitate to contact us.