Fall Market Takes a Breather

By Ron Alfred De Guzman, MaxWell Realty Insights | September 09, 2026

Canada's housing market cooled again heading into fall. CREA's latest national release, covering July, showed home sales up 0.5% from June. That marked a fourth straight monthly gain. Senior economist Shaun Cathcart called the data "a carbon copy" of June. Sales edged up, listings dropped, and prices held steady. The more interesting story is happening below those headline numbers. Markets across the Prairies, Quebec, and the East Coast are steadily shifting back toward balance after a long stretch as sellers' markets. BC's Lower Mainland and Ontario's Greater Golden Horseshoe are making the same shift, moving out of buyers' market territory and…

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Why Your Pre-Approval Isn't a Guarantee (And What to Do About It)

Getting pre-approved for a mortgage feels like crossing a major finish line. The bank looked at your income, your debts, your credit score, and your down payment, and they said yes. You have a number. You know what you can spend. You're ready to buy.

Except a pre-approval is not a mortgage. It's closer to a conditional handshake — the lender is telling you that based on the information you've provided, they're likely to lend you money for a home purchase up to a certain amount. The word "likely" is doing a lot of work in that sentence.

Understanding what a pre-approval actually is — and what can cause it to fall apart — is one of the most important things a buyer can know…

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