Metropolitan Resale Snapshot
By Robin Wiebe • Updated December 1, 2022
The Resale Market Stabilizes
National existing home sales inched higher in October as an increase of 1.3 per cent interrupted a string of seven straight declines. Buyers continue to be wary against a backdrop of high interest rates and uncertain economic prospects.
December 1, 2022 • 8-min read
The Resale Market Continues to Look for a Bottom
National existing home sales continued to drop in September, with the 3.9 per cent decline representing the seventh straight monthly drop. High interest rates and softening economic prospects are making buyers cautious. The decline puts transactions 32 per cent below September 2021 and 19 per cent below the 10-year average of seasonally adjusted monthly sale.
October 20, 2022 • 8-min read
The Resale Market May Be Approaching a Trough
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. The decline nonetheless left transactions 28 per cent below August 2021 and 14 per cent below the 10-year average of seasonally adjusted monthly sales.
September 29, 2022 • 8-min read
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- Fraser Valley (includes Abbotsford)
- Newfoundland and Labrador (province)
- Québec City
- Saint John
- St. Catharines
- Thunder Bay
The monthly Metropolitan Resale Snapshot provides an overview of Canada’s existing home markets and lets you know what to expect for prices of previously owned homes for 30 areas. Is your market in buyer’s territory, or seller’s? The Conference Board’s forecasting experts know.
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