“Young people have been taking advantage of high listings, limited competition, lower prices, and greater credit availability since early 2023,” Alexander said, adding there’s “no sign of this key dynamic easing.”
By contrast, only 7% of agents reported an increase in investor activity, down from 14% in September. Many investors remain cautious or are looking to exit.
“The dynamic has changed and one aspect of that is more investors looking to sell,” Alexander said.
Investor sell-off trend continues
A net 21% of agents said investors are bringing more properties to market to sell, suggesting a structural shift in investor behaviour since 2023. Motivations include rising maintenance costs, higher rates and insurance, and the need to fund retirement.
Despite lower mortgage rates, investors appear to be buying selectively.