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 http://crea.ca/statistics. Check out my website for more information! click here

 

#housingpolicy #crea #ontario #realestate

 

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