July 2023 Market Update

Posted on Aug 11, 2023

Home prices across all home types have risen again in July, as low inventory levels are providing steady ground for price growth. Actual sales remain about 15% below the 10-year average, but are also up about 30% compared to last July when we saw the Bank of Canada increase the overnight rate by a full 1%. 
See below for stats breakdown!


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January Market Update

Posted on Feb 10, 2021 in Monthly Market Stats

Without hesitation, the first month of 2021 saw a continued level of demand that has outpaced incoming supply.

During a historically slower month for sales, we've kicked off the year in an environment that is increasingly competitive.

Check out summary of January stats below!

- 36.4% increase in sales (2,389) compared to the 10-year January sales aver...

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December Market Update

Posted on Jan 14, 2021 in Monthly Market Stats

Strong activity in December rounded out 2020 to be in line with annual sales averages, after a complete stand still at the beginning of the pandemic. Home sales totalled 30,944 in 2020, which is a 22.1% increase from the 25,351 sales we saw in 2019. 

Looking into 2021, the Bank of Canada has forecasted no immediate increase to the overnight rate, le...

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Format by Cressey

Posted on Dec 14, 2020 in Market News

On Kingsway at Dumfries St in the growing village of Cedar Cottage, you'll find the Format by Cressey site. With a quick start on construction, Format's completion is expected as soon as early 2022. 

During a visit to the Presentation Centre today, I was taken for an in-depth walkthrough of Cressey's plan for the upcoming collection of 1 & 2 -bedroom...

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November Market Update

Posted on Dec 07, 2020 in Monthly Market Stats

November home sales continue to outshine historical averages, with last month bringing in over 3,000 sales for the first time since 2015. We're continuing to see homes often selling within 1 week of list, regularly in multiple offers. Most popular right now continues to be the townhome and detached market, with keen focus towards having more space...

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Habitat: 70 New condos coming to Mount Pleasant

Posted on Nov 28, 2020 in Market News

Today I took the opportunity to visit Habitat, a new 4 story condo building at Guelph & E Broadway (2520 Guelph St), built by a partnership of Porte Communities, Fabric & Houston. The new community will include 70 one, two and three bedroom condos & 9 retail shops. This looks to be a well fit addition to the neighbourhood, with great variety in hom...

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