Weekly Updates
For the second consecutive week, sales volume has stalled exactly at 17 units. This is a noticeable drop-off from the 25+ sales averages we saw throughout April and May, indicating that buyers have collectively hit the pause button to see what the Bank of Canada does with the policy rate this Wednes
While the relentless wave of new listings finally slowed down, the overarching theme of the May market remains loud and clear: buyers are active, but they are entirely intolerant of overpricing. The Listings Taper: After three straight weeks of listings pinning the needle in the 70s, new inventory d
“Both listing volumes and buyer activity are operating at high capacities, keeping the region in a beautifully predictable state of balance.” - John Cooper Key Takeaways from the Mid-May Data Pumping out 76 new listings in a single week shows that sellers are still highly motivated to capture the sp
Key Observations: The "May Momentum" Shift Inventory at Peak Levels: With 77 new listings, this is the second-highest weekly total we've seen since tracking began (trailing only the 85-listing spike in late April). Sellers are officially all-in on the spring market. Absorption Cool-Down: The wee