Sales-to-new-listings ratio
Market1 Market classification Sales (#)2 Listings (#) Level Balanced market
range
3
Price ($)
Victoria Sellers’ 8,760 10,428 0.865 0.485–0.771 877,396
m/m %   –1.1 –4.4     –0.1
y/y %   –19.1 –19.3     5.7
Vancouver Balanced 38,376 57,360 0.667 0.437–0.718 1,178,068
    –1.2 –1.8     –0.1
    –11.8 –9.8     6.5
Fraser Valley4 Sellers’ 21,924 25,824 0.830 0.441–0.717 1,013,218
    –9.1 –6.2     1.5
    –12.5 –23.6     19.0
Calgary Sellers’ 34,392 43,860 0.778 0.464–0.728 486,309
    2.8 –2.6     –0.4
    26.6 4.3     3.3
Edmonton Balanced 24,540 41,484 0.592 0.452–0.710 382,941
    –1.1 0.9     –1.3
    3.4 0.3     0.2
Regina Balanced 3,768 6,852 0.527 0.490–0.751 326,728
    –0.6 1.4     –1.4
    –20.7 –2.7     4.5
Saskatoon Balanced 6,468 10,368 0.635 0.425–0.679 331,271
    –6.7 –9.0     –3.2
    –11.2 –16.1     –2.2
Winnipeg Balanced 15,240 19,140 0.776 0.449–0.791 342,997
    1.0 –3.6     –1.5
    –10.8 –12.2     3.9
Thunder Bay Sellers’ 2,220 2,844 0.769 0.498–0.760 291,877
    –3.1 –3.3     –5.6
    –9.8 0.4     11.9
Sudbury Sellers’ 2,808 3,192 0.850 0.343–0.678 393,344
    6.4 –3.3     3.5
    –7.1 –17.6     18.9
Toronto Sellers’ 104,532 136,440 0.751 0.466–0.690 1,123,277
    0.7 –5.7     1.8
    –13.9 –27.7     18.4
Oshawa Sellers’ 11,268 13,428 0.832 0.479–0.754 973,439
    0.3 –5.8     6.1
    –28.8 –23.8     32.3
Hamilton Sellers’ 13,812 16,344 0.803 0.436–0.801 878,427
    3.7 –4.9     3.7
    –27.8 –20.1     22.0
St. Catharines Sellers’ 4,020 5,040 0.788 0.397–0.719 730,039
    19.2 16.0     3.3
    –10.7 –8.3     26.8
Kitchener Balanced 8,244 10,872 0.756 0.484–0.768 790,438
    –2.1 –6.1     2.1
    –31.6 –14.9     23.3
Guelph Sellers’ 3,288 3,468 0.921 0.508–0.838 826,510
    4.2 –8.3     1.6
    –25.9 –22.5     20.8
London Sellers’ 10,728 12,912 0.816 0.418–0.715 643,832
    –0.3 –5.0     2.9
    –6.9 2.6     23.8
Windsor Balanced 7,788 11,172 0.682 0.438–0.688 546,824
    8.2 7.9     0.0
    –16.6 6.3     28.0
Kingston Sellers’ 3,684 5,592 0.674 0.361–0.665 594,990
    6.6 16.2     2.6
    –26.0 –11.6     20.5
Ottawa Balanced 18,048 24,744 0.702 0.413–0.714 648,799
    2.9 –0.9     4.1
    –30.8 –16.0     14.2
Gatineau Sellers’ 5,732 6,341 0.918 0.443–0.749 416,223
    11.1 –0.5     2.6
    –20.1 –23.6     26.5
Montréal Sellers’ 48,648 61,506 0.789 0.479–0.722 532,397
    2.5 2.5     –0.3
    –29.8 –23.9     14.3
Quebéc City Sellers’ 9,868 10,948 0.887 0.499–0.772 332,452
    6.6 4.8     0.9
    –28.0 –18.2     8.0
Sherbrooke Sellers’ 2,273 2,325 0.914 0.447–0.765 347,373
    –1.3 21.5     –8.6
    –36.7 –26.2     18.9
Trois-Riviéres Sellers’ 1,488 1,592 0.927 0.475–0.806 256,021
    4.1 –11.9     5.6
    2.3 8.7     23.1
Saguenay Sellers’ 1,538 1,672 0.900 0.429–0.742 218,973
    45.4 0.0     3.6
    –22.3 –15.8     4.9
Saint John Sellers’ 2,820 3,444 0.860 0.356–0.643 273,313
    1.7 –3.4     12.6
    –1.7 0.3     33.1
Moncton Sellers’ 4,500 4,776 0.943 0.382–0.670 289,744
    5.9 –6.1     3.5
    –2.1 –2.0     27.3
Halifax Balanced 6,432 8,064 0.808 0.437–0.837 476,434
    –7.9 –7.3     5.2
    –29.3 –21.0     23.0
Newfoundland and Labrador Sellers’ 7,104 9,468 0.758 0.344–0.583 274,379
(province)   18.2 –16.2     0.6
    27.9 –13.6     7.5


1 For real estate board area (except Newfoundland, which is province-wide).
2 Italics indicate percentage change. The second row shows the percentage change from the previous month, the third row from the year earlier.
3 Within one standard deviation of long-term average sales-to-new-listings ratio.
4 Includes Abbotsford.
Note: All data are seasonally adjusted.
Sources: The Conference Board of Canada; Canadian Real Estate Association; Quebec Federation of Real Estate Boards.


About the Metro Resale Snapshot

The monthly Metro Resale Snapshot provides an overview of the existing home market for 30 areas and expectations for existing home price growth over the short term.


Disclaimer: Forecasts and research often involve numerous assumptions and data sources and are subject to inherent risks and uncertainties. This information is not intended as specific investment, accounting, legal, or tax advice.

The spread of the novel coronavirus disease (COVID-19) has created uncertainty in all global markets. We’re doing our best to provide timely updates, but information can fall out of date quickly. Visit conferenceboard.ca for our latest insights. The Conference Board of Canada reserves the right to adjust content as necessary.