May 2022

April Sales low but prices reach record highs due to low supply.

Posted on May 05, 2022

With 1,547 sales this month, activity slowed compared to the record high set last April. Despite the slower sales seen in the first four months of this year, it is noteworthy that those 4,873 sales are 30 per cent higher than longer term trends.“While rising lending rates are likely contributing to some of the pullback in sales, another challenge l...

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