The Canadian real estate market, particularly in the Fraser Valley, may be at the early stages of a turnaround. With inflation dropping to 1.6% and interest rate cuts expected from the Bank of Canada, market dynamics are shifting. Home prices are still declining, but early indicators—such as fewer new listings and an increase in sales—suggest improving sentiment. The speaker highlights backend MLS data that points toward stabilization, though acknowledges it’s too early to declare a full recovery. December and August may offer strong buying opportunities, and buyers are encouraged to stay informed as the market evolves.