Spring is typically one of the busiest times of year in real estate, but 2026 is shaping up a little differently.
While activity usually picks up through April, May, and June, many buyers this year are taking a more cautious, wait-and-see approach. Sales activity has been softer compared to last year, and while new listings have increased slightly, overall inventory is still below long-term averages. This creates a bit of a mixed market.
Buyers have more choice than they did during the peak pandemic years, but not enough to dramatically improve affordability. At the same time, sellers are navigating a more thoughtful and selective group of buyers.
To help make sense of what’s happening from a financing perspective, I'm sharing some insights from Paul Macara, a trusted mortgage partner I regularly refer clients to, as he had some thoughts on what this market really means for buyers and homeowners.
A Market That Feels Uncertain on Both Sides
Right now, many buyers are holding off in hopes that interest rates or home prices will come down further.
And while prices have softened in some areas — including parts of British Columbia — those declines haven’t fully offset the impact of higher borrowing costs.
In other words, even though the market may feel “slower,” affordability hasn’t necessarily improved as much as some buyers expected.
At the same time, conditions aren’t the same everywhere. Some areas are still experiencing competitive conditions, while others are seeing more balance.
More Activity Doesn’t Always Mean Better Affordability
One of the biggest misconceptions right now is that a more active spring market automatically means better opportunities for buyers.
But as Paul explains, that’s not always the case. Higher interest rates continue to impact purchasing power, and even with slightly lower home prices, monthly payments can still feel significantly higher than they did just a few years ago.
That’s why understanding the full picture, not just price, is so important.
Why Strategy Matters More Than Timing
In a market like this, trying to perfectly “time” the market can actually work against you. Instead, it’s more important to have a clear strategy. That means understanding:
• What you’re comfortable spending monthly (not just what you qualify for)
• How different interest rate scenarios could affect your payments
• How long you plan to stay in the home
• What flexibility you may need in your mortgage
Market conditions can shift quickly, especially with ongoing changes tied to inflation, interest rates, and broader global factors.
Waiting for the “perfect moment” can sometimes mean missing opportunities that already align with your goals.
The Value of the Right Mortgage Advice
This is where having the right guidance can make a real difference.
Working with an experienced mortgage professional allows you to explore different options, understand your numbers clearly, and build a plan that works for your current situation, while still giving you flexibility for the future.
I regularly connect my clients with Paul Macara of Macara Mortgages with The Mortgage Group, who takes a very thoughtful, educational approach to helping homeowners and buyers navigate decisions like these.
Thinking About Making a Move This Spring?
Whether you're buying your first home, relocating, or planning your next move, having a clear financial strategy is key in today’s market.
If you'd like an introduction to Paul for a personalized mortgage review, feel free to reach out as I’d be happy to connect you.
Jacqueline Ross, REALTOR®
Your Van Isle Home
250-415-5656
jac@yourvanislehome.com
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