{"id":73572,"date":"2026-05-20T12:00:41","date_gmt":"2026-05-20T12:00:41","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2026\/05\/20\/posthaste-the-surprising-pockets-where-homebuyers-now-have-the-advantage\/"},"modified":"2026-05-20T12:00:41","modified_gmt":"2026-05-20T12:00:41","slug":"posthaste-the-surprising-pockets-where-homebuyers-now-have-the-advantage","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2026\/05\/20\/posthaste-the-surprising-pockets-where-homebuyers-now-have-the-advantage\/","title":{"rendered":"Posthaste: The surprising pockets where homebuyers now have the advantage"},"content":{"rendered":"

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A few surprising pockets have emerged around the country where those looking for their new dream home have a real chance to strike a deal. <\/p>\n

Seven of the 23 biggest Canadian cities and regions emerged with the perfect mix of falling prices and sales, meaning there is plenty of cheaper supply at the moment, according to a report by real estate platform Zoocasa Inc. <\/p>\n

Most notably, home prices have fallen 8.1 per cent in the Niagara Region in Ontario, while sales have fallen 6.4 per cent, marking it the country\u2019s most advantageous market for buyers. <\/p>\n

Other opportunity spots include Greater Vancouver, where prices have fallen three per cent and sales are down 2.9 per cent, and Hamilton-Burlington, where prices and sales have dropped 6.2 per cent and 0.7 per cent, respectively. <\/p>\n

Other buyer-market regions include Sudbury, Ont., Gatineau, Que., Regina and the Fraser Valley of British Columbia. <\/p>\n

\u201cFor buyers who\u2019ve been waiting for more selection and more negotiating power, these markets are worth watching closely,\u201d Zoocasa said in the report. <\/p>\n

As a whole, Canadian home prices were up 2.2 per cent year over year in April to an average of $695,412, according to the Canadian Real Estate Association (CREA) . <\/p>\n

Home sales were up 0.7 per cent month over month in April, with activity expected to be even stronger in May. <\/p>\n

\u201cNotwithstanding April\u2019s bounce-back, the housing market continues to face several headwinds, like weak population growth, elevated supply in key regions and shaky job markets,\u201d Rishi Sondhi, an economist at Toronto-Dominion Bank, said in a note last week . \u201cThese factors suggest 2026 could be another subdued year for Canadian housing.\u201d <\/p>\n

There are, however, areas that are particularly hot right now, mostly in Quebec. <\/p>\n

Saguenay, Quebec City, Sherbrooke and Montreal are among the regions where both housing prices and sales are on the upswing, along with Thunder Bay, Ont., and Newfoundland and Labrador. <\/p>\n

\u201cMid-priced cities are posting double-digit price gains, several higher-priced regions are seeing meaningful corrections and a handful of markets are quietly heating up across both prices and sales,\u201d the Zoocasa report said. <\/p>\n

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Canada\u2019s inflation rate ticked higher to 2.8 per cent in April, largely on the back of high energy prices related to the war in Iran. <\/p>\n

The Consumer Price Index for the month represents the highest rate since May 2024, though it still came in lower than Bank of Canada expectations. <\/p>\n

The price of food climbed 3.8 per cent in the month, while fuel costs from transportation were up 7.6 per cent. <\/p>\n

The central bank predicts inflation will return to its target of two per cent by early 2027. <\/p>\n

Read more here. <\/p>\n

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  • 2 p.m.:<\/strong> U.S. Federal Reserve releases its minutes from its latest interest rate decision<\/li>\n
  • Today\u2019s data<\/strong>: Monthly credit aggregates for March<\/li>\n
  • Earnings: <\/strong>Nvidia Corp., Lowe\u2019s Companies Inc., Target Corp.<\/li>\n<\/ul>\n

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    <\/figure>\n
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    • Inflation rose to 2.8% in April as oil price shock continues to drive up fuel prices<\/li>\n
    • How Keystone came back from the dead<\/li>\n
    • Wealthy Americans are leaving some U.S. states but they aren\u2019t coming here<\/li>\n
    • Uncertainty paused as key Atlantic export infrastructure extends lease in Halifax<\/li>\n<\/ul>\n

      \"\"<\/span> <\/p>\n

      There are several reasons why a child would choose to live at home into their adult life, but things can get messy when one sibling moves out and the parents pass away. If the child who stayed home refuses to leave, a potentially sizable inheritance can be in a tricky spot. It\u2019s important for the parents to have a plan in case of this scenario, write Edward Olkovich and Julie Cazzin. Read more here. <\/p>\n

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      Interested in energy? The subscriber-only FP West: Energy Insider newsletter brings you exclusive reporting and in-depth analysis on one of the country\u2019s most important sectors. Sign up here. <\/p>\n

      \n
      Are you worried about having enough for retirement? Do you need to adjust your portfolio? Are you starting out or making a change and wondering how to build wealth? Are you trying to make ends meet? Drop us a line at <\/span>wealth@postmedia.com<\/span> with your contact info and the gist of your problem and we\u2019ll find some experts to help you out while writing a Family Finance story about it (we\u2019ll keep your name out of it, of course).<\/span><\/div>\n
      \n

      McLister on mortgages<\/h2>\n

      Want to learn more about mortgages? Mortgage strategist Robert McLister\u2019s Financial Post column can help navigate the complex sector, from the latest trends to financing opportunities you won\u2019t want to miss. Plus check his mortgage rate page for Canada\u2019s lowest national mortgage rates, updated daily. <\/p>\n

      \n

      Financial Post on YouTube<\/h2>\n

      Visit the Financial Post\u2019s YouTube channel for interviews with Canada\u2019s leading experts in business, economics, housing, the energy sector and more. <\/p>\n

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      Today\u2019s Posthaste was written by Ben Cousins with additional reporting from Financial Post staff and Bloomberg.<\/em> <\/p>\n

      Have a story idea, pitch, embargoed report, or a suggestion for this newsletter? Email us at posthaste@postmedia.com . <\/p>\n

      \n

      Bookmark our website and support our journalism:<\/strong> Don\u2019t miss the business news you need to know \u2014 add financialpost.com to your bookmarks and sign up for our newsletters here<\/em> <\/p>\n

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      Posthaste: The surprising pockets where homebuyers now have the advantage<\/a>
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      2026-05-20 12:00:41<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

      A few surprising pockets have emerged around the country where those looking for their new dream home have a real chance to strike a deal. Seven of the 23 biggest…<\/p>\n","protected":false},"author":2,"featured_media":73573,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":["post-73572","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/73572","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=73572"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/73572\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/73573"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=73572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=73572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=73572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}