Sales-to-new-listings ratio
Market1 Market classification Sales (#)2 Listings (#) Level Balanced
market
range
3
Price ($)
Victoria Balanced 8,292 11,148 0.748 0.486–0.773 1,025,073
m/m %   –2.1 4.5     4.8
y/y %   –23.8 –14.3     31.2
Vancouver Balanced 42,000 58,896 0.672 0.439–0.719 1,252,949
    –1.5 –8.3     0.6
    –11.1 –17.6     15.1
Fraser Valley 4 Sellers’ 25,800 33,600 0.738 0.442–0.719 1,134,543
    6.4 3.1     2.7
    –10.7 –13.1     26.3
Calgary Sellers’ 43,800 46,404 0.963 0.464–0.732 498,754
    8.3 3.7     –2.7
    43.3 4.1     8.2
Edmonton Sellers’ 29,412 41,520 0.736 0.450–0.728 393,003
    –1.6 1.6     –0.4
    23.0 4.7     5.4
Regina Balanced 4,476 6,804 0.730 0.491–0.751 346,721
    –13.5 –3.1     10.7
    0.5 –12.1     15.7
Saskatoon Balanced 6,840 10,452 0.669 0.426–0.679 359,066
    –16.2 –1.2     –1.4
    1.8 –10.8     9.5
Winnipeg Sellers’ 17,028 18,996 0.888 0.450–0.793 358,497
    2.4 –0.9     1.0
    –0.3 –14.4     11.1
Thunder Bay Sellers’ 2,556 3,108 0.851 0.499–0.761 325,193
    8.1 2.8     5.5
    17.7 10.7     21.5
Sudbury Sellers’ 3,432 4,296 0.794 0.345–0.668 432,402
    –8.3 –6.8     –2.0
    –9.8 12.9     24.6
Toronto Balanced 113,580 176,640 0.626 0.466–0.692 1,206,444
    –0.2 12.1     2.5
    –14.4 –9.8     24.3
Oshawa Sellers’ 13,404 16,488 0.758 0.480–0.756 1,016,598
    4.4 –0.5     0.3
    –10.6 –5.3     30.4
Hamilton Balanced 15,876 20,724 0.778 0.437–0.802 977,797
    5.7 7.7     4.2
    –7.5 –4.8     27.4
St. Catharines Balanced 4,008 5,352 0.701 0.397–0.722 758,489
    3.4 12.6     –5.8
    –14.6 9.0     18.1
Kitchener Sellers’ 10,908 12,768 0.785 0.485–0.770 862,992
    2.1 0.7     3.0
    0.4 4.7     32.7
Guelph Balanced 3,456 4,824 0.753 0.510–0.840 929,290
    –6.8 10.7     3.1
    –19.3 –5.2     24.3
London Sellers’ 11,892 13,824 0.872 0.418–0.718 697,507
    3.8 –5.0     2.1
    –2.0 –6.0     24.4
Windsor Sellers’ 9,420 11,040 0.825 0.439–0.690 580,532
    4.9 –15.7     0.2
    12.6 –1.4     25.9
Kingston Sellers’ 4,068 4,812 0.777 0.362–0.668 604,092
    3.7 –14.7     –2.3
    –14.8 –27.2     18.4
Ottawa Sellers’ 20,004 24,192 0.856 0.415–0.717 659,503
    –1.4 –3.3     –1.3
    –10.3 –14.3     16.5
Gatineau Sellers’ 6,544 6,118 1.093 0.443–0.757 443,664
    9.7 –11.0     0.8
    –7.8 –18.5     29.5
Montréal Sellers’ 52,395 53,377 0.980 0.479–0.730 554,230
    –2.2 –16.6     0.5
    –21.6 –31.6     16.9
Québec City Sellers’ 10,522 10,040 1.064 0.499–0.781 335,595
    –3.5 –7.9     2.9
    –18.7 –34.5     7.9
Sherbrooke Sellers’ 2,065 2,066 0.949 0.447–0.772 383,908
    –15.5 –28.2     –7.2
    –32.0 –32.7     21.4
Trois–Rivières Sellers’ 1,779 1,457 1.280 0.474–0.817 276,355
    –3.4 –18.3     7.7
    11.2 –22.2     30.4
Saguenay Sellers’ 1,792 2,043 0.913 0.429–0.749 244,562
    12.3 16.8     4.5
    3.1 –8.9     15.0
Saint John Sellers’ 3,156 3,828 0.878 0.356–0.650 249,527
    0.4 7.4     2.7
    –4.4 –9.1     30.5
Moncton Sellers’ 4,392 4,464 0.985 0.382–0.677 317,980
    –5.7 –11.0     6.5
    0.0 –12.1     38.0
Halifax Sellers’ 6,648 7,284 0.934 0.441–0.857 494,693
    –4.0 –15.5     0.6
    –33.3 –29.4     22.4
Newfoundland and Labrador Sellers’ 7,200 8,580 0.854 0.344–0.587 275,450
(province)   7.1 –10.2     1.2
    20.5 –23.6     6.6


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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