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The Final Numbers – February 2019

The Final Numbers are out!
Despite sales being down year-over-year, new listings actually declined by a greater annual rate. This suggests that market conditions became tighter compared to last year. Tighter market conditions continued to support year-over-year average price growth. The OSFI mandated mortgage stress test has left some buyers on the sidelines who have struggled to qualify for the type of home they want to buy. Let's hope for a positive change for this upcoming month!
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Year-Over-Year: 2018
Sales ⬇️ 2.4%
New Listings ⬇️ 6.2%
Active Listings ⬇️ 0.6%
Average Price ⬆️ 1.6%
Average Days on Market 0.0%