In a down real estate market, there's a bright side for everyone. For buyers, it's like a sale—home prices are lower, making it more affordable to own a place. You can also negotiate better terms and deals because sellers are keen to make a sale. The big challenge is surpassing Bank of Canada's stress test. This is where we need to sit down and discuss how you can save for a larger down payment and reduce debt to income ratio for a stronger financial footing. Now, sellers, don't worry! There are still buyers around, and less competition means your home can shine more. You have a chance to showcase your property better. It's a balanced market, where both sides can benefit. So, let's see the positive and make the most of it!
