MARCH 2023 MARKET UPDATE
Posted on Mar 01, 2023 in Market Updates
Consistent with typical seasonal behaviour 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 February levels seen since 2006.
“While higher lending rates are impacting sales acti...
FEBRUARY 2023 MARKET UPDATE
Posted on Feb 01, 2023 in Market Updates
At the same time, sales activity did slow compared to the high levels reported last year but remained consistent with long-term trends. However, there...
CREB: 2022 MARKET SUMMARY & 2023 FORECAST
Posted on Jan 24, 2023 in Market Updates
CREB: 2022 ECONOMIC REVIEW & 2023 FORECAST
Posted on Jan 24, 2023 in Market Updates
The aftermath of the pandemic, along with geopolitical issues impacting global energy markets, has left many countries facing challenges with inflation and rising interest rates. The persistent inflation in 2022 has triggered significant rate hikes from the bank of Canada this year, moving from 0.25 percent at the start of the year to 4.25 percent...
JANUARY 2023 MARKET UPDATE
Posted on Jan 03, 2023 in Market Updates
Over the past several months, the pullback in sales was also met with a significant pullback in new listings, causing furt...
DECEMBER 2022 MARKET UPDATE
Posted on Dec 01, 2022 in Market Updates
The pullback in sales over the past six months was not enough to erase gains from earlier in the year as year-to-date sales remain nearly 10 per cent above last year’s...