May sales reach a record high

Posted on Jun 02, 2023

 MAY 2023 HOUSING MARKET UPDATE

JUNE 1, 2023
 

May sales reach a record high

 Thanks to a significant gain in apartment condominium sales, May sales rose to 3,120, a new record high for the month. While the monthly gains have not outweighed earlier declines, this does reflect a shift from the declines reported at the start of the year.

At the same ti...

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Prices reach new record high

Posted on May 02, 2023

 APRIL 2023 HOUSING MARKET UPDATE

MAY 1, 2023
 

Prices reach new record high

 Persistent sellers’ market conditions placed further upward pressure on home prices in April. After four months of persistent gains, the total unadjusted benchmark price reached $550,800, nearly two per cent higher than last month and a new monthly record high for the city...

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CREB®'s Q1 2023 Housing Market Report

Posted on May 02, 2023

 

CREB®'s Q1 2023 Housing Market Report

 Sales activity has behaved as expected through the start of 2023 and slowed by 43 per cent over last year’s all-time record-high performance in the first quarter. The steeper decline in the first quarter was expected, given the surge in sales last year, as purchasers were eager to enter the market ahead of exp...

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Prices rise as conditions favour the seller

Posted on Apr 04, 2023

Prices rise as conditions favour the seller

 Sales and new listings have improved over the levels reported at the beginning of the year. As a result, the spread between sales and new listings supported some expected monthly inventory level gains. However, the 3,233 available units reflected the lowest March inventory levels since 2006 and left the m...

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Lowest February inventory since 2006

Posted on Mar 01, 2023

 FEBRUARY HOUSING MARKET UPDATE
March 1, 2023
 

Lowest February inventory since 2006

 Consistent with typical seasonal behavior sales, new listings and inventory levels all trended up compared to last month. However, with 1,740 sales and 2,389 new listings, inventory levels improved only slightly over the last month and remained amongst the lowest Fe...

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Supply of lower-priced homes remains low for January

Posted on Feb 02, 2023

JANUARY HOUSING MARKET UPDATE
Feb. 1, 2023
 

Supply of lower-priced homes remains low for January

 The level of new listings in January fell to the lowest levels seen since the late 90s. While new listings fell in nearly every price range, the pace of decline was higher for lower-priced properties.

At the same time, sales activity did slow compared t...

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