Weekly Updates
Key Takeaways from the Late June Data Cracking 30 sales in a single week is a massive achievement. In our entire tracking history, this volume has only been beaten once (by the historic 33-sale anomaly in late April). It proves that the 17-sale gridlock from earlier this month was purely temporary b
Three Things You Need to Know This Week After two consecutive weeks of sales flatlining at exactly 17 units, transaction volumes jumped by 47% to 25 sales in Week 3. This clear upward tick confirms that the Bank of Canada's interest rate announcement on Wednesday, June 10th, provided the clarity fen
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