Sales Commentary Let us hope no one was waiting for the Spring market! April sales at 8,000 units were 27% lower than in March. To gain perspective, the March to April decline in 2021 was 13%. The importance is that sales in March will be the peak month for both 2021 and 2022. Also, we…
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“Based on the trends observed in the April housing market, it certainly appears that the Bank of Canada is achieving its goal of slowing consumer spending as it fights high inflation. Negotiated mortgage rates rose sharply over the past four weeks, prompting some buyers to delay their purchase. Moving forward, it will be interesting to…
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TREB MLS SALES Monthly with three previous years for comparison TREB MLS NEW LISTINGS Monthly with three previous years for comparison TREB MLS SALES-TO-NEW LISTINGS RATIO Monthly with three previous years for comparison TREB MLS AVERAGE RESALE HOME PRICE Monthly with three previous years for comparison TREB MLS SALES Monthly time series with trend line…
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“The GTA population will grow at or near record levels over the next few years, supported by a strong regional economy. The condominium apartment segment will be an important source of housing, both for people looking to purchase a home and also those looking to rent. This will continue to support price growth, but the…
Read MoreOwning a home is a keystone of wealth… both financial affluence and emotional security.