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Home Prices

The average home price was $433,649 in September according to CREA. This was up 0.1% from August and is a year-over-year increase of 6.1%. Large price gains continue to be concentrated in the Greater Toronto and Vancouver areas, while most other markets posted more moderate price increases. In fact, excluding Toronto and Vancouver, the average price increased only 2.9% year over year in September.


Home Sales

41,879 homes sold in September according to seasonally adjusted data released by The Canadian Real Estate Association. This is a decline of 2.1% from last month and an increase of just 0.6% from last year.


Inventory - Month's Supply

A seasonally adjusted 73,772 homes came on the market in September; a decline from the previous month, but with the corresponding decrease in sales, the sales-to-new-listings ratio held steady at 56.8%.