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November 5, 2025
We saw similar momentum into October from the previous month, coupled with the recent interest rate cut, this should bode well for sales activity heading into the winter season. Currently we are still tracking about 12% behind 2024 in year to date sales and inventory is hovering just under 320 listings. Also, some welcome news to non resident Canadian property owners and resort businesses, the proposed federal budget has scrapped the UHT (Underused Housing Tax ) going forward. The budget has yet to be ratified, but this is a promising shift in the right direction. This tax never made any sense and was problematic in a tourist resort setting.