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Mike’s Monthly Memo

Mike’s Monthly Memo

As we begin a new year, it’s a good time to pause, take stock, and reset expectations. Markets do not turn on a calendar page, but January has a way of sharpening focus.

 After several years of rapid shifts in pricing, interest rates, and buyer behaviour, 2026 is starting with something the market has been missing for a while…clarity. This means we have a more honest view of where demand is, how buyers are thinking, and what sellers can reasonably expect. In many ways, decision-making will be easier, provided we are willing to look forward rather than backward.

Over the past year, one theme has consistently defined successful outcomes: alignment with today’s market, not yesterday’s peak. Buyers have become disciplined. They are informed, patient, and sensitive to price. They are not reacting emotionally or stretching their financial limits simply because inventory is scarce. They are comparing options, weighing value, and making decisions based on what makes sense right now.

This is where the idea of forward pricing becomes essential.

Forward pricing is not about discounting or being pessimistic. It is about recognizing that markets move ahead, not in reverse. The most successful sellers are not asking where prices were in 2022 or early 2023. They are asking where today’s buyers are willing to transact, and how to meet them there strategically.

Homes that are priced for the market ahead tend to attract early attention, stronger engagement, and, ultimately, better outcomes. Homes priced for the market behind often linger, invite negotiation from a weaker position, and can end up selling for less than they might have if they had launched correctly in the first place.

In a market with choice, first impressions matter more than ever. Buyers decide very quickly whether a property represents fair value. If that answer is no, they move on, often without circling back. Pricing is not just a number… it’s a signal. It tells buyers whether a seller understands the market they are in.

That said, pricing is only one part of the equation, and it’s not the only thing within a seller’s control.

What sellers can control today is preparation, presentation, and strategy. Well-prepared homes that are thoughtfully presented continue to outperform. Clear communication, realistic expectations, and flexibility around timing and terms can materially influence results. These fundamentals matter more in a measured market than they ever did in a fast one.

Buyers, on the other hand, have regained something they value deeply: optionality. That does not mean they are waiting for dramatic price declines. It means they are waiting for value. When the right property appears at the right price, activity follows. We see it repeatedly, even in segments that are described as “slow.”

The takeaway for both buyers and sellers is the same: the market is working, just not indiscriminately.

As we move into 2026, the opportunity lies in being intentional. For sellers, that means resisting the urge to anchor to outdated benchmarks and to focus on what will motivate a buyer today. For buyers, it means being prepared to act decisively when alignment appears, because well-priced, well-positioned homes do not sit for long.

Real estate has always been cyclical, but it is also remarkably local and situational. Broad headlines rarely tell the full story of what is happening on a specific street, in a specific neighbourhood, or within a specific price range. This is where thoughtful guidance and current market insight make a meaningful difference.

The year ahead is unlikely to reward extremes. It will reward realism, preparation, and clear thinking. Markets like this tend to favour those who are deliberate rather than reactive.

As we welcome 2026, my advice is simple: focus on what you can control, price for where the market is going, and stay grounded in today’s reality rather than yesterday’s memory. With the right strategy, there is plenty of opportunity ahead.

Wishing you a healthy, successful start to the new year.

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