The Storey Team @thestoreyteam on Instagram www.storeyteam.ca New listings were actually down more than sales on a year-over-year basis in November. This suggests that, in many neighbourhoods, competition between buyers may have increased. Relatively tight market conditions over the past few months have provided the foundation for renewed price growth,” said Mr. Bhaura. On a preliminary seasonally adjusted basis, sales were down by 3.4 per cent compared to October 2018....
The Storey Team
@thestoreyteam on Instagram
www.storeyteam.ca
New listings were actually down more than sales on a year-over-year basis in November. This suggests that, in many neighbourhoods, competition between buyers may have increased. Relatively tight market conditions over the past few months have
provided the foundation for renewed price growth,” said Mr. Bhaura.
On a preliminary seasonally adjusted basis, sales were down by 3.4 per cent compared to October 2018. The average selling price after preliminary seasonal adjustment was down by 0.8 per cent compared to October 2018. “Home types with lower average price points have been associated with stronger rates of price growth over the past few months. Given the impact of the OSFI-mandated
mortgage stress test and higher borrowing costs on affordability, it makes sense that the condo apartment and semi-detached market segments experienced relatively stronger rates of price growth in November, as market conditions in these segments remained tight or tightened respectively over the past year.

