CREA reports a balanced market for first time since late 2015

According to statistics recently released by The Canadian Real Estate Association (CREA), the number of newly listed homes edged up a further 0.3% in May following April’s jump of almost 10%. Sales, on the other hand, were down considerably in May (by about 25% in the GTA) causing the national sales-to-new listings ratio to move out of sellers’ territory and back into balanced market territory for the first time since late 2015. The ratio stood at 56.3% in May 2017, down from 60.2% in April and the high-60% range over the first three months of this year. Further information can be found at Check out my website for more information! click here


#housingpolicy #crea #ontario #realestate



Leave a Reply

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s