Sales are running 6.6 percent above the 10-year average for this time of year, which signals steady demand rather than a slowdown, and new listings rose 12.3 percent year over year, so more inventory is arriving even as it gets absorbed.
None of that changes the minimum down payment rules, 5 percent on the first $500,000 of the price and 10 percent above that, or the requirement to carry mortgage default insurance below 20 percent down, which is the real gate most buyers run into before the market conditions matter at all.
The market supports moving now if your financing does; it does not on its own make a purchase affordable. Get your hand-reviewed valuation from Joel Dyck.