As someone who has been deeply embedded in the Parkland real estate market for years, I’m seeing some interesting trends right now. Mortgage rates are dipping slowly but steadily. According to Mortgage News Daily, rates have dropped by more than half a percent over the last six weeks, marking the lowest levels since February 2023. But even with this dip, many buyers and sellers are holding back, waiting to see if rates will drop further. And that’s understandable – about 80% of current mortgage holders have a rate below 5%, so it takes a compelling reason to jump into the market.