Persistent sellers’ market conditions drive up prices Driven by growth in demand for all property types, there were 2,110 sales in November, just shy of the record for the month set in 2005. “Lending rates are expected to increase next year, which has created a sense of urgency among purchasers ...
Continue ReadingMarket continues to favour the seller in October 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 ...
Continue ReadingCREB®’s Q3 2021 Housing Report released The pace of growth and level of sales have eased from the record highs seen in the second quarter, but with 6,628 sales, this was the best third quarter since 2014. Much of the strength in demand was likely driven by the low-lending-rate environment ...
Continue ReadingSales remain strong in September 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 ...
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