SEPTEMBER MARKET STATISTICS

Summer is over and September has arrived. With the ongoing shortage of housing supply, we are expecting a strong Fall market both in terms of sales and prices.

Average selling prices are up with the condominium apartment segment continuing to lead the way in terms of price growth, followed by higher density low-rise home types and finally detached homes.

Competition between buyers has increased, which has led to stronger annual rates of price growth. Overall, price growth is moderate, but if demand for ownership continues to increase relative to the supply of listings, the annual rate of growth will accelerate further.

If you’ve been sitting on the sidelines, now is the time to jump in!

Contact Caroline to discuss in detail what is happening in the local real estate market with homes like yours in your neighbourhood. Let’s get together to discuss and strategically plan the best move for you.