Several straight monthly gains: is Canada’s market turning?

We're seeing an interesting trend in Canada's real estate market: for the fourth month in a row, home sales have increased. July numbers show the average sale price nudged up by 0.2% to $674,819, even as new listings dipped 1.6% and inventory now sits at 4.7 months—signs of a balanced, but tightening, market. In my work across communities like Central Lonsdale, Fraserview NW, North Coquitlam, Westwood Plateau, Highgate, and Downtown Vancouver, these shifts echo what I’m hearing from clients and seeing on the ground. It’s a dynamic moment for both buyers and sellers. If you’re curious about how these changes might impact your next move, staying informed is key.