RE/MAX Holdings Inc. has released a report indicating a resurgence in the detached housing markets of Greater Toronto, Greater Vancouver, and the Fraser Valley. The report, examining the period from January to June 2025, highlights increased buyer activity as inventory levels rise and property values soften. Almost 23% of the 83 markets studied reported detached housing sales on par or exceeding last year's levels. Buyers, previously hesitant, are now entering the market, often including "subject-to-sale" clauses in offers to mitigate risk. This shift has been met with seller flexibility, particularly in the $1-million to $1.5-million price range. The markets are showing signs of recovery, with balanced conditions and some areas nearing a buyer's market. This rare alignment of favorable conditions is prompting buyers to act, as highlighted by Don Kottick, President of REMAX Canada, who emphasizes the fleeting nature of this opportunity.
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