Market Update: July 2022 – Is The Real Estate Market Crashing?!?
CREB Now July 2022 Market Update: Detached home sales decline as apartment condominium sales rise Significant slowdowns in the detached and semi-detached market were nearly offset by sales growth in the apartment and row sectors. This left July sales three per cent lower than levels recorded last year. While this is the second month where […]
Market Update: June 2022
CREB Now June 2022 Market Update: Market starts to shift as sales slow Sales activity in June eased relative to the past several months and with 2,842 sales, levels declined by two per cent over last year’s record high. While sales activity has remained relatively strong for June levels, the decline was driven by a […]
Market Update: May 2022
CREB Now April 2022 Market Update: Market continues to favour the seller despite slowing sales For the second month in a row, sales activity trended down after all-time record high sales in March. While activity in the market slowed down in May with 3,071 sales, levels are still slightly higher than last year’s record high […]
Market Update: April 2022
CREB Now April 2022 Market Update: Sellers’ market conditions continue in April Following an all-time record high month of sales in March, activity slowed down in April. However, with 3,401 sales, it was still a gain of six per cent over last year and a record high for the month of April. “Despite some of […]
Market Update: March 2022
CREB Now March 2022 Market Update: Record high sales seen again in March For the second month in a row, sales activity not only reached a monthly high but also hit new record highs for any given month. Gains occurred across every property type as they all hit new record highs. An increase in new […]
Market Update: February 2022
Sales continue to surge as listings rise Thanks to a surge in new listings, sales activity reached a record high for the month of February with 3,305 sales. The rise in new listings caused adjusted inventories to rise above last months levels. However, with only one month of supply, the market continues to favour the […]
Market Update: October 2021
October 2021: Market continues to favour the seller There were 2,186 sales in October, a record high for the month and over 35 per cent higher than longer-term averages. Year-to-date sales are on pace to hit new record highs and are currently 61 per cent higher than average activity recorded over the past five years […]
Market Update – September 2021
September 2021: Sales remain strong Residential sales totalled 2,162 in September, nearing the record high for the month recorded in 2005. Further gains in new listings likely supported some of the sales growth that occurred this month. “While sales activity in the fall tends to be slower than in the spring months, the continued strong […]
Market Update – August 2021
August 2021: Market Continues Shift Toward More Balanced Conditions After Torrid Start To The Year Citywide sales in August reached 2,151 units, 37 per cent higher than last year and 25 per cent higher than long-term trends. Sales have slowed from the record-setting pace seen earlier this year, but on a year-to-date basis, the eight-month […]
