Sales-to-new-listings ratio
Market1 Market classification Sales (#)2 Listings (#) Level Balanced
market
range
3
Price ($)
Victoria Balanced 8,700 10,704 0.765 0.486–0.772 972,738
m/m %   –1.1 0.1     –0.4
y/y %   –17.6 –13.6     21.7
Vancouver Balanced 43,104 63,948 0.651 0.438–0.719 1,244,993
    1.6 12.9     2.1
    9.7 –1.9     14.8
Fraser Valley 4 Balanced 24,084 33,300 0.716 0.442–0.719 1,100,967
    2.2 17.4     3.6
    –9.7 –4.0     21.3
Calgary Sellers’ 39,924 44,556 0.907 0.465–0.730 511,823
    8.6 –3.4     2.6
    43.4 0.7     8.5
Edmonton Sellers’ 29,916 41,112 0.731 0.452–0.711 394,679
    5.8 –2.3     1.6
    25.3 1.1     1.5
Regina Balanced 5,172 7,044 0.700 0.490–0.751 317,304
    21.1 –2.8     –3.2
    17.1 2.6     2.9
Saskatoon Sellers’ 8,148 10,776 0.710 0.426–0.679 363,681
    12.2 –3.8     2.3
    14.9 3.1     14.3
Winnipeg Sellers’ 16,560 19,260 0.886 0.450–0.793 354,535
    –5.3 –13.4     –0.1
    3.4 –7.9     6.6
Thunder Bay Sellers’ 2,244 2,952 0.788 0.499–0.761 304,320
    –16.5 3.4     1.1
    –5.6 11.8     12.9
Sudbury Sellers’ 3,168 3,708 0.812 0.344–0.681 421,240
    4.3 4.0     –2.4
    –1.1 17.5     30.1
Toronto Sellers’ 114,096 155,856 0.729 0.466–0.691 1,172,091
    –2.5 7.6     2.5
    3.0 –11.6     21.8
Oshawa Sellers’ 12,792 16,596 0.757 0.480–0.756 1,010,534
    2.7 19.2     1.6
    –4.3 3.7     31.7
Hamilton Sellers’ 14,880 19,608 0.810 0.437–0.802 933,776
    –1.8 13.5     0.1
    –4.2 –3.3     26.7
St. Catharines Sellers’ 3,876 4,812 0.769 0.397–0.722 816,083
    –13.9 5.5     4.9
    –7.2 –2.7     32.7
Kitchener Sellers’ 10,716 12,828 0.800 0.485–0.770 833,757
    4.2 9.5     –1.4
    1.2 –0.6     28.3
Guelph Sellers’ 3,756 4,392 0.846 0.509–0.840 895,474
    5.0 3.7     –0.8
    –6.3 –0.3     23.2
London Sellers’ 11,628 14,688 0.816 0.418–0.717 681,627
    2.2 12.3     1.3
    –4.9 5.1     24.1
Windsor Balanced 8,916 13,092 0.669 0.439–0.689 579,431
    6.3 15.8     3.9
    14.5 28.8     33.4
Kingston Sellers’ 3,984 5,556 0.718 0.362–0.667 620,506
    –4.3 8.4     –0.8
    –19.2 –10.3     24.8
Ottawa Sellers’ 20,316 25,428 0.777 0.414–0.716 671,376
    1.0 –2.8     1.8
    –10.0 –12.2     19.2
Gatineau Sellers’ 5,887 6,879 0.855 0.444–0.753 439,039
    5.2 6.6     3.7
    –16.3 –5.3     29.7
Montréal Sellers’ 53,016 65,087 0.817 0.480–0.725 551,122
    4.5 7.8     0.4
    –18.9 –15.7     13.4
Québec City Sellers’ 10,898 10,850 0.989 0.499–0.777 325,331
    12.9 5.4     –0.8
    –13.1 –17.1     5.6
Sherbrooke Sellers’ 2,458 2,869 0.898 0.447–0.770 414,549
    6.6 23.3     7.3
    –14.1 –7.0     40.1
Trois-Rivières Sellers’ 1,825 1,807 0.994 0.476–0.809 254,974
    19.7 –6.2     4.6
    24.6 11.0     27.3
Saguenay Sellers’ 1,558 1,721 0.909 0.429–0.746 232,571
    –2.9 –8.2     –0.9
    –15.8 –6.7     6.2
Saint John Sellers’ 3,156 3,564 0.950 0.355–0.647 242,717
    –1.5 –18.0     –13.1
    6.5 –5.1     18.1
Moncton Sellers’ 4,704 4,980 0.923 0.382–0.674 294,476
    –3.7 –4.6     2.2
    –9.5 –5.5     28.0
Halifax Balanced 6,624 8,484 0.813 0.437–0.839 491,660
    –8.3 5.7     –1.4
    –31.9 –18.7     24.0
Newfoundland and Labrador Sellers’ 6,708 9,384 0.718 0.345–0.585 277,267
(province)   3.5 –8.0     0.4
    10.5 –14.9     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.

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