🏡 August Real Estate Outlook: Last Chance Before School Starts!
As summer winds down and the back-to-school season approaches, August often marks a pivotal moment in the real estate market. For families looking to move before the school bell rings in September, now is the time to act. And according to the latest RBC Monthly Housing Market Update, there are signs of growing confidence among buyers—and opportunity on the horizon for both buyers and sellers.
🏘️ Canada’s Housing Market Recovery Is Still on Track
The June 2025 RBC report highlights three key trends:
- Home Prices Have Eased Slightly – Nationally, prices dipped for the second month in a row. While not dramatic, this offers a window of opportunity for buyers who may have been priced out earlier in the year.
- Buyer Confidence Is Returning – With interest rates expected to decline further into 2026, more buyers are entering or re-entering the market, encouraged by greater affordability and stabilized pricing.
- Inventory Is Rising – New listings are growing, giving buyers more choice and sellers more competition. It’s not a full buyer’s market yet—but it’s more balanced than it’s been in recent months.
What This Means for You
For Sellers:
If you’re thinking of selling, August is your last chance to capture families eager to settle before school starts. Homes that are priced right and marketed well are still moving quickly—especially in desirable school catchments or family-friendly neighborhoods.
For Buyers:
More listings and slightly lower prices mean you may be in a stronger negotiating position than you were earlier this year. With confidence building and rate cuts still on the table, getting in now could mean better terms and more time to move before the fall.
📍 Okanagan Outlook
Locally here in the North Okanagan, we’re seeing the same trend—more listings, longer days on market, but steady demand. Many buyers are still relocating for lifestyle or work flexibility, and with the summer heat comes renewed interest in homes near parks, trails, and the lake.
✨ Thinking About Making a Move Before Fall?
Whether you're buying or selling, let’s talk strategy. The window between now and Labour Day is short, but with the right plan, we can make it work in your favour.
📞 Call us at 250-545-9039 or email [email protected] to book a free consultation today.