There were 4,664 new listings of detached, attached and apartment properties last month, a 15.4 per cent increase from a year earlier, as new listings were 4.8 per cent above the 10-year seasonal average.
There were 4,664 new listings of detached, attached and apartment properties last month, a 15.4 per cent increase from a year earlier, as new listings were 4.8 per cent above the 10-year seasonal average.
Prices are sticky, they’ll take some time to drop. But when they do, I don’t imagine it’ll be a slow linear thing. Add in the new rules about short term rentals (which should deter speculators who have until now been able to weather interest rate hikes) and I’ll be stunned if there isn’t a major correction before too long.