Metropolitan Resale Snapshot: September 2022

The Conference Board of Canada, September 29, 2022
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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

  • Although August’s 1 per cent dip in national existing home sales was the sixth straight monthly drop, it was the smallest of these drops and may indicate that sales are bottoming out.
  • Listings fell 5 per cent in August, putting listings roughly equal to their year-ago volume.
  • Sales and listings trends were mixed. Transactions dropped in 18 of our 30 markets in August—including 11 areas where the monthly decline exceeded 5 per cent—but were up in 12 areas.
  • Sales rose 11 per cent in Toronto during August, breaking a streak of five monthly declines. Transactions continued to dip in Vancouver, Calgary, and Montréal in August, but all declines were in single digits.

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