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Metropolitan Resale Snapshot: November 2021 The Conference Board of Canada, December 2, 2021 Website by Robin Wiebe

Metropolitan Resale Snapshot: November 2021

The Conference Board of Canada, December 2, 2021
Website by Robin Wiebe

The monthly Metropolitan resale snapshot provides an overview of the existing home market and expectations for existing home price growth over the short term for 30 areas. Document Highlights Canada’s existing housing sales rose nearly 9 per cent in October to hit a six-month high. Resale conditions appear to have regained last spring’s strength—October’s volume jump was the largest since July 2020. Strong housing demand continues pick up any gains in supply, thanks to low interest rates. National listings rose 3 per cent last month.

The monthly Metropolitan resale snapshot provides an overview of the existing home market and expectations for existing home price growth over the short term for 30 areas.

Document Highlights

Canada’s existing housing sales rose nearly 9 per cent in October to hit a six-month high. Resale conditions appear to have regained last spring’s strength—October’s volume jump was the largest since July 2020. Strong housing demand continues pick up any gains in supply, thanks to low interest rates. National listings rose 3 per cent last month.