Supply increased month-over-month in most markets across all home types.
Elevated interest rates are contributing to a quiet resale market.
Buyers continue to monitor the market for good deals, but don't feel a sense of urgency.
The one-bedroom condo market is still in a firm seller's market across most tracked neighbourhoods - the most affordable part of the market continues to see strong activity.
The single-family and two-bedroom condo market in most tracked areas have either entered or are bordering a buyer's market - great time for people to be shopping these product types.
Median Single-Family Sold Prices
Max lot size of 4,000 SF
1-15 years old
*Max lot size 4,500 SF
Median Townhome Sold Prices
1 to 10 years old
Median One-Bedroom Sold Prices
1-10 years old
Median Two-Bedroom Sold Prices
1-10 years old
Reasons why you should consider newer-home resale data:
Great for those looking to purchase housing that is still in the early stages of its lifecycle – this means less repairs & maintenance during the first few years of ownership.
More recent building and developer history – provides assurance and certainty when making one of the most important transactions of your life.
Homes include some of the latest design and technology – great for resale value when considering to move-up the property ladder.
Provides comparables for individuals considering a new pre-sale purchase for either end-use or investment. Comparing newer resale data to presale pricing provides valuable insight into the product being considered for purchase.