Market Updates

Inventory levels remain over 25 per cent below 10 year average.

Posted on Dec 07, 2022

There were 924 sales recorded across the province in November, a 32 per cent decline over last year’s record high. While sales continue to slow when compared to 2021, a record year, year-to-date activity remains over 16 per cent above long-term trends in the province.The ongoing pullback in new listings continues to be driven largely by homes price...

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Inventory levels 25% below 10 year average.

Posted on Nov 06, 2022

There were 1,144 units sold across the province in October, a year-over-year decline of 12.3 per cent. While sales continue to ease relative to 2021, a record year, October sales data reflects a year-over-year increase of 1.7 per cent when compared with 10-year averages.The pullback in sales was met with a reduction in new listings, resulting in lo...

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Sales returning to normal, inventory levels remain a challenge.

Posted on Oct 05, 2022

Sales activity continued to trend down in September with 1,267 units sold, a year-over-year decline of seven per cent. However, as seen in August, sales levels remain consistent with long-term trends as the market returns to more balanced conditions.New listings were relatively stable on a year-over-year basis but continue to decrease when compared...

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Easing sales helping shift market towards more balanced conditions. 

Posted on Aug 11, 2022

July sales eased to 1,439 units reflecting a year-over-year decline of nine per cent contributing to the year-to-date decline of nearly 10 per cent. While sales have eased, last year was a record year, and with year-to-date sales just shy of 10,000 units, levels are still well above long term averages for the province.New listings trended down from...

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Home prices continue to rise despite slower sales.

Posted on Jul 07, 2022

June sales eased over last year’s record levels. However, with 1,808 sales this month, activity is still over 20 percent stronger than long term trends for the province.“While sales have been trending down in the province this year, we cannot lose sight of the fact that sales levels are still amongst the highest levels ever recorded in our market a...

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Supply challenges persist into the Spring  Market.

Posted on Jun 06, 2022

Unlike some areas of the country, sales activity in May trended up relative to levels seen earlier in the year. With 1,814 sales this month, levels are still slightly lower than last year’s record, but remain well above typical activity in May. Year-to-date sales have totaled 6,682 units, down 11 per cent from last year’s record high, but over 27 p...

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